Alphabet Inc. $GOOGL Shares Sold by Canvas Wealth Advisors LLC

Key Points

• Canvas Wealth Advisors reduced its Alphabet stake by 2.4% in the second quarter, selling 2,788 shares and retaining 114,270 shares valued at approximately $40.8 million. Alphabet remains the firm’s second-largest portfolio holding and represents 5.7% of its portfolio.
• Analysts remain broadly bullish on Alphabet. The stock has a consensus “Buy” rating and a $419.86 average price target, while recent institutional activity includes major purchases by Berkshire Hathaway and other prominent investors.
• Alphabet reported quarterly revenue of $119.8 billion and EPS of $9.11, exceeding analyst expectations. The company also declared a quarterly dividend of $0.22 per share, although AI-related borrowing and a shareholder-investigation announcement present potential risks.

Canvas Wealth Advisors LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,270 shares of the information services provider's stock after selling 2,788 shares during the quarter. Alphabet accounts for approximately 5.7% of Canvas Wealth Advisors LLC's portfolio, making the stock its 2nd largest position. Canvas Wealth Advisors LLC's holdings in Alphabet were worth $40,837,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rise Advisors LLC boosted its stake in Alphabet by 5.2% during the second quarter. Rise Advisors LLC now owns 1,693 shares of the information services provider's stock worth $605,000 after acquiring an additional 83 shares in the last quarter. Nolet Wealth Management LLC increased its stake in Alphabet by 89.9% in the second quarter. Nolet Wealth Management LLC now owns 5,228 shares of the information services provider's stock valued at $1,868,000 after purchasing an additional 2,475 shares in the last quarter. William Mack & Associates Inc. raised its holdings in shares of Alphabet by 9.2% during the second quarter. William Mack & Associates Inc. now owns 7,057 shares of the information services provider's stock valued at $2,522,000 after purchasing an additional 597 shares during the period. Fiduciary Financial Group LLC raised its holdings in shares of Alphabet by 11.8% during the second quarter. Fiduciary Financial Group LLC now owns 10,304 shares of the information services provider's stock valued at $3,682,000 after purchasing an additional 1,089 shares during the period. Finally, G&S Capital LLC boosted its position in shares of Alphabet by 3.5% during the 2nd quarter. G&S Capital LLC now owns 2,721 shares of the information services provider's stock worth $973,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GOOGL. Stifel Nicolaus set a $420.00 price target on shares of Alphabet and gave the company a "buy" rating in a research note on Thursday, April 30th. Guggenheim reiterated a "buy" rating and set a $450.00 price objective (up from $375.00) on shares of Alphabet in a report on Thursday, April 30th. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research report on Friday, July 17th. Sanford C. Bernstein restated a "market perform" rating and issued a $390.00 target price (up from $345.00) on shares of Alphabet in a report on Thursday, April 30th. Finally, Susquehanna reaffirmed a "positive" rating and issued a $460.00 price target (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. Five analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Alphabet currently has a consensus rating of "Buy" and a consensus target price of $419.86.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway sharply increased its Alphabet position. Berkshire disclosed an 83% second-quarter increase, adding approximately 48 million shares and bringing its holding to nearly 106 million shares valued at about $37 billion. Warren Buffett said he initiated the investment, reinforcing the view that Alphabet offers strong cash generation, attractive valuation and durable growth. Berkshire Just Made a Huge Alphabet Bet—Should You Follow?
• Positive Sentiment: Other prominent investors also reported Alphabet purchases. Filings indicated buying by investors including David Tepper, Stanley Druckenmiller and Seth Klarman, adding to the institutional endorsement of GOOGL’s AI, cloud and advertising outlook. Billionaires Loading Into Alphabet Stock
• Positive Sentiment: Alphabet is expanding its AI capabilities. Google agreed to pay $10 million for anonymized Spirit Airlines business data and software for product development and AI training, while some employees from workflow-automation startup Relay are joining Google’s Chrome team. These moves support continued investment in AI products, though the direct financial impact is likely limited. Google to Buy Spirit Airlines Business Data
• Neutral Sentiment: AI spending is creating both opportunity and financing pressure. Alphabet was among several companies issuing large volumes of AI-related debt, potentially funding cloud and data-center expansion but increasing interest costs and balance-sheet risk. Reports that Alphabet is considering an Australian-dollar bond could reinforce that concern. AI’s Borrowing Binge
• Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Alphabet investors. The release provided few details, and an investigation does not establish wrongdoing, but the announcement could create short-term legal and reputational pressure. Pomerantz Investor Alert

Alphabet Stock Up 0.0%

Alphabet stock opened at $344.17 on Wednesday. Alphabet Inc. has a fifty-two week low of $196.60 and a fifty-two week high of $408.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The firm's 50-day simple moving average is $352.87 and its 200 day simple moving average is $341.28. The stock has a market cap of $4.21 trillion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24.

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

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's dividend payout ratio (DPR) is presently 4.42%.

Insiders Place Their Bets

In related news, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, the chief accounting officer directly owned 27,386 shares in the company, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 8,998 shares of the business's stock in a transaction on Monday, June 29th. The stock was 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 directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 451,945 shares of company stock valued at $12,382,714. Insiders own 11.61% of the company's stock.

Alphabet Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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.

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