Barlow Wealth Partners LLC Has $62.07 Million Stock Position in Alphabet Inc. $GOOG

Key Points

• Barlow Wealth Partners reduced its Alphabet position by 13% in the second quarter, selling 25,958 shares. It still held 173,030 shares valued at $62.07 million, representing 6.4% of its portfolio and its largest holding.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $415.55. Recent targets range from $400 to $475.
• Alphabet reported quarterly revenue of $119.80 billion, up 24.2% year over year, and earnings of $9.11 per share, well above expectations. The company also declared a quarterly dividend of $0.22 per share, implying a 0.3% annualized yield.

Barlow Wealth Partners LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 13.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 173,030 shares of the information services provider's stock after selling 25,958 shares during the quarter. Alphabet makes up about 6.4% of Barlow Wealth Partners LLC's investment portfolio, making the stock its largest holding. Barlow Wealth Partners LLC's holdings in Alphabet were worth $62,067,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GOOG. Denali Advisors LLC boosted its stake in Alphabet by 14.8% during the second quarter. Denali Advisors LLC now owns 105,988 shares of the information services provider's stock worth $37,449,000 after acquiring an additional 13,700 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management increased its stake in shares of Alphabet by 1.0% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider's stock valued at $86,596,000 after purchasing an additional 2,850 shares in the last quarter. Heck Capital Advisors LLC lifted its holdings in shares of Alphabet by 298.2% during the second quarter. Heck Capital Advisors LLC now owns 22,229 shares of the information services provider's stock valued at $7,854,000 after purchasing an additional 16,647 shares during the last quarter. Violich Capital Management Inc. lifted its holdings in shares of Alphabet by 1.0% during the fourth quarter. Violich Capital Management Inc. now owns 340,776 shares of the information services provider's stock valued at $106,936,000 after purchasing an additional 3,378 shares during the last quarter. Finally, Montchanin Asset Management LLC purchased a new stake in shares of Alphabet in the 1st quarter worth approximately $7,075,000. 27.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GOOG has been the subject of a number of analyst reports. Oppenheimer reaffirmed an "outperform" rating and set a $400.00 price objective (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Roth Capital boosted their target price on Alphabet from $435.00 to $440.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. DZ Bank raised Alphabet to a "strong-buy" rating in a research note on Thursday, July 23rd. TD Cowen restated a "buy" rating and set a $475.00 price target on shares of Alphabet in a report on Thursday, July 23rd. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $450.00 price target on shares of Alphabet in a research report on Thursday, May 21st. Six research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $415.55.

Insider Activity

In other news, 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 shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 451,925 shares of company stock valued at $12,371,544 in the last 90 days. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $335.31 on Tuesday. The company has a market cap of $4.10 trillion, a P/E ratio of 16.84, a PEG ratio of 0.97 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. Alphabet Inc. has a 1 year low of $232.38 and a 1 year high of $404.47. The stock's fifty day moving average price is $346.64 and its 200-day moving average price is $341.18.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $116.53 billion. During the same period last year, the company earned $2.31 EPS. Alphabet's revenue for the quarter was up 24.2% on a year-over-year basis. Sell-side analysts expect that Alphabet Inc. will post 20.5 earnings per share for the current 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 issued 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%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet unveiled Gemini 3.8 Flash and its Fairwind program, developments that could strengthen its position in AI applications and increase monetization opportunities across Google’s ecosystem. Google Unveils Gemini 3.8 Flash and Fairwind Program
• Positive Sentiment: Commentary highlights Google Cloud’s growth reportedly running at roughly twice Azure’s rate while Alphabet trades at a lower valuation multiple, suggesting investors may be underestimating the company’s cloud and AI potential. Alphabet May Be the Mag 7 Stock Investors Are Underestimating
• Positive Sentiment: Reports say Berkshire Hathaway has accumulated a substantial Alphabet position, with Warren Buffett confirming he initiated the investment. The endorsement supports confidence in Alphabet’s long-term earnings power and valuation. Warren Buffett and Berkshire’s Alphabet Bet
• Positive Sentiment: Alphabet is also being presented as a potential “quiet winner” in the AI arms race, because its infrastructure, cloud business, and AI services could benefit even though it is not primarily a chip supplier. Alphabet as a Potential AI Arms-Race Winner
• Neutral Sentiment: Google is expanding an AI trial with Cathay Pacific to reduce aircraft contrails. The project reinforces Alphabet’s applied-AI capabilities but is unlikely to have a material near-term effect on revenue. Cathay Pacific and Google Expand AI Trials
• Negative Sentiment: Bill Ackman’s Pershing Square reportedly sold its entire Alphabet stake and bought Netflix instead, potentially weighing on sentiment. The report cited Alphabet’s aggressive AI infrastructure spending as a source of volatility. Bill Ackman Sells Alphabet Stock
• Negative Sentiment: Analysts see strong revenue growth but a more muted earnings outlook, while massive AI investment is pressuring returns on capital and could raise concerns about profitability and capital efficiency. Alphabet Offers Revenue Growth but Muted Earnings Outlook
• Negative Sentiment: A law firm announced a securities-fraud investigation on behalf of Alphabet shareholders. No wrongdoing has been established, but the announcement creates a potential legal and reputational overhang. Alphabet Shareholder Securities-Fraud Investigation

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.

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