Bank of America Corp DE Reduces Stock Holdings in Alphabet Inc. $GOOG

Bank of America Corp DE lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 32,324,827 shares of the information services provider's stock after selling 222,803 shares during the quarter. Alphabet accounts for 0.7% of Bank of America Corp DE's holdings, making the stock its 26th biggest holding. Bank of America Corp DE owned approximately 0.27% of Alphabet worth $9,272,700,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of GOOG. Brighton Jones LLC increased its position in Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock valued at $22,901,000 after acquiring an additional 6,410 shares during the last quarter. Worldquant Millennium Advisors LLC lifted its holdings in shares of Alphabet by 76.2% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider's stock worth $330,886,000 after acquiring an additional 806,681 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in shares of Alphabet during the 2nd quarter worth about $658,000. Financial Advisors Network Inc. boosted its stake in shares of Alphabet by 7.7% during the 2nd quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider's stock worth $1,409,000 after purchasing an additional 565 shares during the period. Finally, Ausdal Financial Partners Inc. grew its holdings in Alphabet by 10.7% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider's stock valued at $6,618,000 after purchasing an additional 3,616 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GOOG. Pivotal Research increased their price objective on shares of Alphabet from $470.00 to $475.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Barclays restated an "overweight" rating and set a $425.00 target price (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Rosenblatt Securities set a $393.00 price target on Alphabet in a report on Thursday, July 23rd. BMO Capital Markets increased their price target on Alphabet from $455.00 to $465.00 and gave the stock an "outperform" rating in a report on Thursday, July 23rd. Finally, TD Cowen reissued a "buy" rating and set a $475.00 price target on shares of Alphabet in a research note on Thursday, July 23rd. Seven investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $410.09.

Alphabet Trading Down 0.6%

NASDAQ:GOOG opened at $333.68 on Friday. The firm has a 50-day simple moving average of $356.27 and a 200-day simple moving average of $337.78. Alphabet Inc. has a one year low of $188.70 and a one year high of $404.47. The firm has a market cap of $4.04 trillion, a P/E ratio of 16.76, a P/E/G ratio of 0.94 and a beta of 1.23. 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 released 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 $2.87 by $6.24. The firm had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company's quarterly revenue was up 24.2% on a year-over-year basis. During the same period last year, the firm earned $2.31 earnings per share. Equities analysts anticipate that Alphabet Inc. will post 20.52 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is expanding its AI capabilities. Google DeepMind introduced Gemini Robotics 2, designed to control the full bodies of humanoid robots, while Google said internal AI tools helped it fix more Chrome security bugs in June than during the previous two years. These developments highlight potential long-term opportunities beyond search and advertising. Gemini Robotics 2
• Positive Sentiment: Analyst support remains favorable. Erste Group raised its FY2026 earnings forecast to $20.50 per share from $14.27, above the roughly $20.15 consensus. Separate reports also cited upgrades and price targets materially above recent trading levels.
• Neutral Sentiment: Google is committing further capital to AI infrastructure. Banks are reportedly discussing up to $15 billion in financing for an Anthropic data center backed by Google, potentially strengthening Google Cloud’s strategic position. However, guarantees for power and lease obligations could increase Alphabet’s financial commitments. Anthropic data center financing
• Negative Sentiment: AI Overviews may be disrupting Google’s referral ecosystem. Reddit’s CEO said AI Overviews have not generated value comparable to the traditional “10 blue links,” while Reddit is receiving less referral traffic. This raises questions about publisher relationships, content supply and the potential effect of AI search on Google’s broader web ecosystem. Reddit CEO comments on AI Overviews
• Negative Sentiment: Microsoft’s stronger market reaction underscored investor concerns. Microsoft’s Azure and Copilot results reinforced its AI leadership, highlighting the competitive challenge to Google Cloud. At the same time, Alphabet insiders and several funds reported share sales, adding to cautious sentiment after the earnings-related pullback.

Insider Buying and Selling

In other 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 value of $149,606.80. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 600,547 shares of company stock worth $16,255,540 over the last quarter. Insiders own 12.99% of the company's stock.

Alphabet 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.

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