Alphabet Inc. $GOOG Shares Sold by Strive Financial Group LLC

Key Points

• Strive Financial Group cut its Alphabet stake by 20.8% in the second quarter, selling 7,755 shares and retaining 29,530 shares valued at approximately $10.4 million. Alphabet remains its fifth-largest holding and represents 4.5% of its portfolio.
• Alphabet reported strong quarterly results, with revenue up 24.2% year over year to $119.8 billion and EPS of $9.11, substantially exceeding analyst estimates. Analysts maintain a consensus “Buy” rating with an average price target of $415.55.
• Investor sentiment is supported by Alphabet’s AI and cloud growth, but concerns remain over more than $200 billion in planned 2026 capital spending, potential financing needs, insider selling, and broader risks of an AI-stock correction.

Strive Financial Group LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 20.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,530 shares of the information services provider's stock after selling 7,755 shares during the period. Alphabet comprises 4.5% of Strive Financial Group LLC's portfolio, making the stock its 5th biggest holding. Strive Financial Group LLC's holdings in Alphabet were worth $10,434,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Imprint Wealth LLC acquired a new position in Alphabet in the 3rd quarter valued at approximately $31,000. Nvest Wealth Strategies Inc. acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $38,000. Lifetime Wealth Management P.C. bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $38,000. Bard Associates Inc. bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $41,000. Finally, Towne Trust Company N.A raised its stake in shares of Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock valued at $42,000 after purchasing an additional 34 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Major investors increased Alphabet holdings. Berkshire Hathaway reportedly added about $17 billion of Alphabet stock in the second quarter, while Stanley Druckenmiller, Seth Klarman, David Tepper, and other prominent investors also initiated or expanded positions. The buying signals confidence in Alphabet’s valuation and long-term AI opportunity. Berkshire Hathaway adds $17 billion to Alphabet stake
• Positive Sentiment: AI and cloud momentum remains a key bullish catalyst. Commentary highlighted Google Cloud’s 82% quarterly growth, a backlog exceeding $514 billion, Gemini’s reported one billion active users, and the potential for externally sold Tensor Processing Units to become a significant revenue stream beginning in 2027. Alphabet external TPU sales likely game changer
• Positive Sentiment: Alphabet is acquiring Spirit Airlines’ anonymized business data for $10 million. Google plans to use the data for product development and AI-model training; the transaction excludes customer records. The deal is financially small but supports Alphabet’s effort to improve AI systems with proprietary datasets. Google to buy Spirit Airlines business data
• Neutral Sentiment: Alphabet’s disclosed SpaceX investment has appreciated substantially. Reports estimate the stake is now worth roughly $94 billion, potentially strengthening investor perceptions of Alphabet’s investment portfolio, although the value is tied to SpaceX’s volatile private-market valuation. Alphabet SpaceX investment gains
• Negative Sentiment: AI infrastructure spending is creating cash-flow and financing concerns. Alphabet plans more than $200 billion in 2026 capital expenditures and is considering a record A$5 billion Australian bond offering to fund expansion. Investors are increasingly focused on whether future AI returns will justify the spending and additional debt. Alphabet Australian bond offering
• Negative Sentiment: Macro and competitive risks are tempering enthusiasm. ECB researchers warned that a sharp AI-stock correction is historically plausible, while some investors argued Alphabet is a materially different—and less attractive—company than it was two years ago. Viking Global also reportedly reduced its Alphabet position. ECB researchers warn of AI selloff

Alphabet Trading Down 0.6%

Shares of Alphabet stock opened at $341.45 on Tuesday. The stock has a market capitalization of $4.18 trillion, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 0.96 and a beta of 1.23. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The company has a 50-day simple moving average of $351.69 and a 200 day simple moving average of $339.66. Alphabet Inc. has a 12-month low of $197.46 and a 12-month high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating analysts' consensus estimates of $2.87 by $6.24. The firm had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.31 earnings per share. Research analysts expect that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be paid a $0.22 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's payout ratio is 4.42%.

Insiders Place Their Bets

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction on Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction on Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the transaction, the insider owned 75,290 shares of the company's stock, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 451,945 shares of company stock valued at $12,382,714 over the last quarter. 12.99% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on GOOG shares. Wells Fargo & Company reduced their target price on Alphabet from $418.00 to $411.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd. The Goldman Sachs Group restated a "buy" rating and issued a $450.00 price objective on shares of Alphabet in a research note on Thursday, May 21st. Wedbush started coverage on shares of Alphabet in a report on Thursday, July 16th. They set an "outperform" rating and a $445.00 price objective for the company. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Alphabet in a report on Thursday, July 23rd. Finally, UBS Group reissued a "neutral" rating and issued a $379.00 target price (down from $400.00) on shares of Alphabet in a research note on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of "Buy" and a consensus target price of $415.55.

Alphabet Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source