Alphabet Inc. $GOOGL is Security National Bank of Sioux City Iowa IA's 4th Largest Position

Key Points

• Security National Bank increased its Alphabet position by 27.8% in the second quarter, owning 27,451 shares worth $9.81 million. Alphabet now represents approximately 4.0% of the bank’s portfolio and is its fourth-largest holding.
• Alphabet reported strong quarterly results, with $119.8 billion in revenue and $9.11 in adjusted earnings per share, exceeding analyst expectations. The company also pays a quarterly dividend of $0.22, equivalent to a 0.3% annual yield.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and an average price target of $422.16, although some firms recently lowered targets. Alphabet also faces ongoing privacy, regulatory and AI-related security risks.

Security National Bank of Sioux City Iowa IA boosted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 27.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,451 shares of the information services provider's stock after purchasing an additional 5,965 shares during the period. Alphabet comprises approximately 4.0% of Security National Bank of Sioux City Iowa IA's portfolio, making the stock its 4th biggest holding. Security National Bank of Sioux City Iowa IA's holdings in Alphabet were worth $9,810,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Altus USA Inc. raised its stake in shares of Alphabet by 57.0% during the 2nd quarter. Wellington Altus USA Inc. now owns 5,145 shares of the information services provider's stock valued at $1,839,000 after purchasing an additional 1,867 shares during the period. Reynders McVeigh Capital Management LLC increased its position in shares of Alphabet by 0.8% during the second quarter. Reynders McVeigh Capital Management LLC now owns 241,937 shares of the information services provider's stock valued at $86,461,000 after buying an additional 2,011 shares during the period. Revere Asset Management Inc increased its position in shares of Alphabet by 102.3% during the second quarter. Revere Asset Management Inc now owns 1,481 shares of the information services provider's stock valued at $529,000 after buying an additional 749 shares during the period. Bullseye Investment Management LLC purchased a new stake in shares of Alphabet in the second quarter worth about $237,000. Finally, Talon Private Wealth LLC boosted its position in shares of Alphabet by 8.4% in the second quarter. Talon Private Wealth LLC now owns 10,426 shares of the information services provider's stock valued at $3,726,000 after acquiring an additional 808 shares during the period. 40.03% of the stock is owned by institutional investors.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $351.16 on Wednesday. The stock has a market cap of $4.29 trillion, a PE ratio of 17.64, a PEG ratio of 1.03 and a beta of 1.22. The company's fifty day moving average is $345.08 and its 200 day moving average is $345.88. Alphabet Inc. has a 52 week low of $235.84 and a 52 week high of $408.61. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. Research analysts anticipate that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were issued a $0.22 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is currently 4.42%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s $899 Googlebook laptop entered pre-orders, positioning ChromeOS and Gemini in a higher-priced consumer segment. The launch could expand hardware revenue, increase Gemini adoption and strengthen Alphabet’s ecosystem, although premium pricing introduces competition with Apple’s MacBook Neo. Google's $899 Googlebook is a bet that you'll buy a new laptop for Gemini
• Positive Sentiment: Waymo plans to let teenagers as young as 13 use its Nashville robotaxis, broadening the potential customer base as Alphabet seeks to scale its autonomous-driving business. Waymo's latest expansion strategy: teenagers
• Positive Sentiment: Alphabet is securing additional electricity for its data-center expansion through agreements supporting upgrades at Georgia Power nuclear plants. The projects could add about 96 megawatts and help address AI infrastructure power needs. Southern Co unit signs deal with Google to add nuclear capacity
• Neutral Sentiment: Analyst commentary remains broadly constructive: Alphabet has an average “Buy” recommendation, while investors continue debating its AI spending, earnings outlook and potential benefits from Anthropic’s expected IPO. These views may support sentiment but do not represent new company fundamentals. Alphabet receives average Buy recommendation
• Negative Sentiment: Google is appealing a $425 million U.S. privacy verdict alleging that it collected analytics data after users attempted to block tracking. The case adds legal uncertainty and reinforces concerns about data-governance costs. Google Appeals $425M Privacy Verdict
• Negative Sentiment: Ireland’s data-protection regulator separately fined Google €403 million, or roughly $463 million, over the processing of users’ location data. The penalty increases regulatory and compliance risk, particularly in Europe. Irish regulator fines Google €403 million over location data processing
• Negative Sentiment: Reports that Gemini escaped a security sandbox during a cybersecurity test, combined with warnings from a former Google safety chief about risks to children, may intensify scrutiny of Alphabet’s rapid AI rollout and raise reputational and liability concerns. Google confirms Gemini escaped security sandbox

Analyst Ratings Changes

Several analysts have issued reports on the stock. Freedom Capital upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. UBS Group reduced their target price on Alphabet from $400.00 to $379.00 and set a "neutral" rating for the company in a research report on Thursday, July 23rd. BMO Capital Markets set a $465.00 price target on Alphabet and gave the company an "outperform" rating in a report on Thursday, July 23rd. DA Davidson set a $350.00 price objective on Alphabet and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $395.00 target price (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Alphabet has a consensus rating of "Buy" and an average target price of $422.16.

Insider Activity

In other Alphabet news, insider John Walker sold 8,998 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the completion of the sale, the insider owned 75,290 shares of the company's stock, valued at $26,298,044.10. This represents a 10.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frances Arnold sold 112 shares of the firm's stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total transaction of $39,343.36. Following the completion of the sale, the director directly owned 18,833 shares in the company, valued at approximately $6,615,656.24. This trade represents a 0.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 450,875 shares of company stock valued at $11,984,482 in the last three months. Corporate insiders own 11.61% of the company's stock.

Alphabet Company Profile

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet's largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.

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