Avity Investment Management Inc. lessened its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,489 shares of the information services provider's stock after selling 5,908 shares during the period. Alphabet comprises about 4.0% of Avity Investment Management Inc.'s portfolio, making the stock its 5th largest holding. Avity Investment Management Inc.'s holdings in Alphabet were worth $63,066,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Adamsbrown Wealth Consultants LLC lifted its position in shares of Alphabet by 61.7% during the 2nd quarter. Adamsbrown Wealth Consultants LLC now owns 3,772 shares of the information services provider's stock valued at $1,333,000 after buying an additional 1,439 shares in the last quarter. West Financial Advisors LLC grew its stake in Alphabet by 23.6% in the 2nd quarter. West Financial Advisors LLC now owns 523 shares of the information services provider's stock valued at $185,000 after acquiring an additional 100 shares during the period. Lexington Hill Partners LLC increased its holdings in Alphabet by 49.3% in the 2nd quarter. Lexington Hill Partners LLC now owns 4,191 shares of the information services provider's stock worth $1,481,000 after acquiring an additional 1,384 shares in the last quarter. Worth Asset Management LLC increased its holdings in Alphabet by 56.3% in the 2nd quarter. Worth Asset Management LLC now owns 2,871 shares of the information services provider's stock worth $1,014,000 after acquiring an additional 1,034 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in Alphabet by 8.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,732 shares of the information services provider's stock worth $2,732,000 after acquiring an additional 598 shares during the period. Hedge funds and other institutional investors own 27.26% of the company's stock.
Alphabet Stock Performance
NASDAQ:GOOG opened at $353.47 on Friday. The company has a market cap of $4.32 trillion, a P/E ratio of 17.75, a P/E/G ratio of 0.99 and a beta of 1.23. Alphabet Inc. has a twelve month low of $197.46 and a twelve month high of $404.47. The company's 50-day moving average price is $353.94 and its 200-day moving average price is $338.96. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.
Alphabet (NASDAQ:GOOG - 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 the consensus estimate of $2.87 by $6.24. The company had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Alphabet's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.31 EPS. On average, sell-side analysts forecast that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.
Alphabet Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be given 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 0.2%. Alphabet's dividend payout ratio is 4.42%.
Insider Buying and Selling
In related news, CAO Marsida Saraci sold 449 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. The SEC filing for this sale provides additional information. Insiders have sold 600,547 shares of company stock valued at $16,255,540 over the last ninety days. 12.99% of the stock is currently owned by company insiders.
Trending Headlines about Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Institutional buying remained supportive. State Street added an estimated 12.7 million shares of Alphabet’s Class A stock, while Mitsubishi UFJ, Lazard and Citizens Financial also increased their Alphabet positions in second-quarter 13F filings. State Street fund update
- Positive Sentiment: Alphabet’s AI and cloud businesses continue to show strong commercial momentum. Gemini reportedly reached 950 million monthly active users, Google Cloud revenue surged 82% in the second quarter, and its backlog reached $514 billion. A new multiyear, $100 million-plus Google Cloud agreement with AI lab Mirendil could add further demand for cloud infrastructure. Google AI and DeepMind report
- Neutral Sentiment: Alphabet is reorganizing its AI leadership. DeepMind chief Demis Hassabis is moving into a broader chief scientist role, while Chief Scientist Jeff Dean is departing after 27 years. The changes could improve long-term research focus but raise concerns about talent retention and execution. Google AI leadership report
- Negative Sentiment: Alphabet launched a roughly $25 billion, 10-part bond offering to finance expanded AI infrastructure spending. Strong demand—reportedly about $115 billion in orders—supports its credit profile, but investors remain concerned that rising capital expenditures and borrowing could reduce returns or increase financial risk. Alphabet bond offering report
- Negative Sentiment: Zacks Research downgraded Alphabet from “strong buy” to “hold,” adding to valuation and near-term sentiment pressure. Separately, several investment managers—including Mawer, First Eagle, Diamond Hill and SCS Capital—reported reductions in Alphabet holdings. Zacks Research
- Negative Sentiment: Alphabet’s planned $15 billion India data-center project faces opposition over water use and wildlife concerns, creating potential regulatory and development hurdles for its infrastructure expansion. Google India data center report
Analyst Upgrades and Downgrades
GOOG has been the topic of several recent analyst reports. Barclays reaffirmed an "overweight" rating and set a $425.00 price objective (up from $405.00) on shares of Alphabet in a report on Thursday, July 23rd. TD Cowen restated a "buy" rating and set a $475.00 price target on shares of Alphabet in a research report on Thursday, July 23rd. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Alphabet in a research note on Thursday, July 23rd. Royal Bank Of Canada reiterated a "buy" rating and issued a $475.00 price objective on shares of Alphabet in a report on Thursday, July 23rd. Finally, Roth Capital boosted their price objective on Alphabet from $435.00 to $440.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Alphabet presently has an average rating of "Buy" and a consensus target price of $410.09.
Check Out Our Latest Research Report on GOOG
About Alphabet
(
Free Report)
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.
Further Reading
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