Alphabet Inc. $GOOG Shares Sold by Live Oak Private Wealth LLC

Key Points

• Live Oak Private Wealth LLC cut its Alphabet stake by 5.3% in the second quarter, selling 3,168 shares and retaining 56,357 shares valued at approximately $19.9 million. Institutional investors own 27.26% of Alphabet.
• Alphabet insiders have also been selling shares, including director John Hennessy and insider Kent Walker; insiders sold 451,925 shares worth about $12.4 million over the last quarter.
• Despite GOOG trading down 1.1%, Alphabet reported strong quarterly results, with $9.11 in EPS and $119.8 billion in revenue, while analysts maintain a “Buy” consensus and an average price target of $415.55.

Live Oak Private Wealth LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,357 shares of the information services provider's stock after selling 3,168 shares during the period. Alphabet comprises approximately 2.6% of Live Oak Private Wealth LLC's holdings, making the stock its 5th largest holding. Live Oak Private Wealth LLC's holdings in Alphabet were worth $19,913,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Providence Wealth Advisors LLC raised its holdings in shares of Alphabet by 0.3% during the first quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider's stock worth $3,094,000 after purchasing an additional 29 shares during the period. One Charles Private Wealth Services LLC boosted its holdings in shares of Alphabet by 0.6% in the 1st quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider's stock valued at $1,390,000 after buying an additional 29 shares during the period. Wisconsin Wealth Advisors LLC grew its position in shares of Alphabet by 1.3% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider's stock valued at $785,000 after buying an additional 29 shares during the last quarter. Cannon Financial Strategists Inc. grew its position in shares of Alphabet by 1.9% during the 4th quarter. Cannon Financial Strategists Inc. now owns 1,589 shares of the information services provider's stock valued at $499,000 after buying an additional 30 shares during the last quarter. Finally, Financial Enhancement Group LLC raised its stake in Alphabet by 2.3% during the first quarter. Financial Enhancement Group LLC now owns 1,323 shares of the information services provider's stock worth $380,000 after acquiring an additional 30 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Insider Activity at Alphabet

In other Alphabet news, Director John Hennessy sold 1,050 shares of the firm's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $368.63, for a total transaction of $387,061.50. Following the transaction, the director owned 1,481 shares of the company's stock, valued at approximately $545,941.03. This trade represents a 41.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kent Walker sold 8,998 shares of the business's stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the sale, the insider owned 75,290 shares in the company, valued at $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 451,925 shares of company stock worth $12,371,544. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Stock Down 1.1%

GOOG opened at $335.31 on Friday. The stock's 50 day moving average price is $346.96 and its 200 day moving average price is $340.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The stock has a market cap of $4.10 trillion, a P/E ratio of 16.84, a P/E/G ratio of 0.97 and a beta of 1.21. Alphabet Inc. has a 12 month low of $232.38 and a 12 month high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.87 by $6.24. The company had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.31 EPS. As a group, research analysts predict that Alphabet Inc. will post 20.5 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio is presently 4.42%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s AI expansion remains the main bullish catalyst. WeatherNext 3 is being integrated into Search, Maps and Gemini, while new voice-driven Gemini features are rolling out in Gmail, Docs and Keep, creating potential for broader user engagement and monetization. Alphabet Just Gave Search, Maps and Gemini a New AI Advantage
• Positive Sentiment: Analyst optimism is building around Google Cloud, AI services, hardware and long-term earnings growth. Wolfe Research named Alphabet a top pick for 2027, while other coverage highlights strong recent Cloud growth and a median price target well above current trading levels. Alphabet Stock Opinions on Strong Cloud Growth Prospects
• Positive Sentiment: A federal judge declined to force a breakup of Google’s ad-technology business, reducing the most severe regulatory risk, although operational restrictions remain. The decision also supports Alphabet’s ability to retain its existing ad-tech infrastructure. Google Spared From Ad-Business Breakup
• Neutral Sentiment: Alphabet’s clean-energy partnerships, including Google-backed battery storage and geothermal projects, strengthen power availability for data centers but are unlikely to materially affect near-term earnings. Google’s New Energy Project Gives Eos Energy a Key Technology Validation
• Negative Sentiment: Investors remain concerned that Alphabet’s roughly $44.9 billion quarterly capital expenditure pushed free cash flow negative for the first time since its IPO. The spending may support future AI and Cloud returns, but it increases execution risk and weighs on near-term valuation. 3 Stocks Built for Higher Rates
• Negative Sentiment: Stronger-than-expected employment data lifted Treasury yields and reduced expectations for near-term rate cuts, pressuring large technology stocks. Alphabet also faces investor concern over delayed Gemini releases, ongoing ad-tech remedies, and shareholder securities-fraud investigations. Securities Fraud Investigation Into Alphabet

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of research reports. Cantor Fitzgerald restated an "overweight" rating and issued a $420.00 target price (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Zacks Research downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 5th. Stifel Nicolaus set a $420.00 price objective on Alphabet in a research note on Wednesday, May 20th. BMO Capital Markets increased their target price on Alphabet from $455.00 to $465.00 and gave the stock an "outperform" rating in a research report on Thursday, July 23rd. Finally, Canaccord Genuity Group set a $450.00 target price on Alphabet in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $415.55.

Alphabet Profile

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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