Ancora Advisors LLC Has $54.77 Million Position in Alphabet Inc. $GOOG

Key Points

• Ancora Advisors reduced its Alphabet position by 5.5% in the second quarter, selling 8,950 shares and retaining 155,007 shares valued at approximately $54.77 million. Alphabet represents about 1.1% of the fund’s holdings.
• Alphabet reported strong quarterly results, with revenue rising 24.2% year over year to $119.8 billion and earnings per share of $9.11, well above analyst expectations. Shares were trading around $339, while analysts maintained a consensus “Buy” rating and an average price target of $415.55.
• The company declared a quarterly dividend of $0.22 per share, equivalent to an annualized $0.88 payout and a 0.3% yield. Investors are also weighing Alphabet’s AI and cloud growth against antitrust scrutiny, legal investigations, execution concerns and heavy AI-related capital spending.

Ancora Advisors LLC cut its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 155,007 shares of the information services provider's stock after selling 8,950 shares during the quarter. Alphabet accounts for about 1.1% of Ancora Advisors LLC's holdings, making the stock its 17th biggest holding. Ancora Advisors LLC's holdings in Alphabet were worth $54,769,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GOOG. Providence Wealth Advisors LLC lifted its holdings in Alphabet by 0.3% during the 1st quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider's stock worth $3,094,000 after buying an additional 29 shares during the period. One Charles Private Wealth Services LLC increased its position in shares of Alphabet by 0.6% during the first quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider's stock worth $1,390,000 after buying an additional 29 shares during the period. Wisconsin Wealth Advisors LLC increased its position in shares of Alphabet by 1.3% during the second quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider's stock worth $785,000 after buying an additional 29 shares during the period. Cannon Financial Strategists Inc. raised its stake in Alphabet by 1.9% during the fourth quarter. Cannon Financial Strategists Inc. now owns 1,589 shares of the information services provider's stock worth $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 buying an additional 30 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Up 1.6%

Shares of Alphabet stock opened at $339.08 on Friday. The stock has a market capitalization of $4.15 trillion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 0.97 and a beta of 1.21. Alphabet Inc. has a 52 week low of $226.76 and a 52 week high of $404.47. The stock has a 50 day moving average price of $346.95 and a two-hundred day moving average price of $340.75. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72.

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

Alphabet Dividend Announcement

The firm also recently announced 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet's dividend payout ratio is currently 4.42%.

Analyst Upgrades and Downgrades

A number of analysts have commented on GOOG shares. Wolfe Research reaffirmed an "outperform" rating on shares of Alphabet in a research report on Thursday, August 27th. Citigroup reissued a "market outperform" rating on shares of Alphabet in a research note on Friday, August 14th. Morgan Stanley dropped their price target on Alphabet from $415.00 to $400.00 and set an "overweight" rating on the stock in a research note on Thursday, July 23rd. Rosenblatt Securities assumed coverage on shares of Alphabet in a research note on Thursday, August 20th. They set a "buy" rating on the stock. Finally, UBS Group restated a "neutral" rating and issued a $379.00 price target (down from $400.00) on shares of Alphabet in a report on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $415.55.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google launched Gemini 3.8 Flash, including versions designed for coding, agentic tasks and cybersecurity. The release reinforces Alphabet’s effort to close performance gaps with OpenAI and Anthropic and supports the investment case for its AI products and cloud platform. Google's Gemini 3.8 Flash is built for agents
• Positive Sentiment: New conversational voice features in Gmail, Docs and Keep give users more ways to interact with Google’s AI ecosystem, potentially improving Gemini adoption and monetization across Workspace. Google launches AI voice features in Gmail, Docs and Keep
• Positive Sentiment: Berkshire Hathaway CEO Greg Abel described Alphabet as a significant AI player after Berkshire increased its stake, providing a high-profile vote of confidence in Google’s AI strategy. Berkshire CEO Abel says Alphabet is a significant AI player
• Positive Sentiment: Alphabet’s AI-related energy initiatives—including a 400-megawatt geothermal agreement with Fervo—highlight efforts to secure power for data-center expansion. Strong recent Cloud growth and revenue momentum further support the bullish narrative. Enhanced geothermal notches another win as Google buys 400 MW from Fervo
• Neutral Sentiment: Google’s WeatherNext 3 model and its collaboration on virtual power plants and clean-energy storage expand Alphabet’s technology and infrastructure partnerships, but the near-term financial impact remains uncertain. Google’s new AI weather model could help energy companies
• Negative Sentiment: Alphabet still faces antitrust-related remedies, a securities-fraud investigation announcement and scrutiny over service outages, while its large AI capital-spending program could pressure free cash flow. Reports that a promised Gemini flagship model remains delayed also raise concerns about product execution. Securities fraud investigation into Alphabet continues

Insider Buying and Selling

In related news, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frances Arnold sold 82 shares of Alphabet stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $337.71, for a total value of $27,692.22. Following the transaction, the director owned 18,995 shares of the company's stock, valued at $6,414,801.45. This trade represents a 0.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 451,925 shares of company stock worth $12,371,544 in the last quarter. Insiders own 12.99% of the company's stock.

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.

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