Farley Capital L.P. Trims Holdings in Alphabet Inc. $GOOG

Key Points

• Farley Capital reduced its Alphabet stake by 15% in the second quarter, selling 19,070 shares and retaining 107,827 shares valued at approximately $38.1 million. Alphabet remains the firm’s largest position, representing 29.9% of its portfolio.
• Alphabet reported strong quarterly results, with revenue rising 24.2% year over year to $119.8 billion and EPS of $9.11, well above analysts’ $2.87 estimate. Analysts maintain a consensus “Buy” rating with an average price target of $415.55.
• Alphabet’s outlook is supported by expanding AI infrastructure, Waymo’s robotaxi growth, and continued investor interest, though leadership changes at DeepMind, Firebase enforcement concerns, and recent insider selling present risks.

Farley Capital L.P. lessened its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 15.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,827 shares of the information services provider's stock after selling 19,070 shares during the quarter. Alphabet accounts for 29.9% of Farley Capital L.P.'s investment portfolio, making the stock its biggest position. Farley Capital L.P.'s holdings in Alphabet were worth $38,099,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GOOG. Imprint Wealth LLC purchased a new position in shares of Alphabet in the third quarter worth about $31,000. Nvest Wealth Strategies Inc. purchased a new stake in Alphabet during the 4th quarter valued at about $38,000. Lifetime Wealth Management P.C. purchased a new stake in Alphabet during the 4th quarter valued at about $38,000. Bard Associates Inc. bought a new position in Alphabet during the 4th quarter worth approximately $41,000. Finally, Towne Trust Company N.A grew its position in Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock worth $42,000 after acquiring an additional 34 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI infrastructure expansion: Alphabet’s expanded custom-silicon relationship with Marvell covers components connected to Google’s TPU ecosystem, including inference accelerators, networking, storage, and memory products. The agreement gives Alphabet more supply-chain flexibility and supports continued AI capacity growth, although it may increase dependence on multiple chip partners. Jensen Huang Thinks This Chip Stock Could Hit $1 Trillion
• Positive Sentiment: Waymo growth: Alphabet’s autonomous-driving unit received approval to operate thousands of robotaxis in Nevada and has expanded its lower-cost next-generation vehicles to riders in Los Angeles, Phoenix, and San Francisco. Waymo also introduced a custom AI chip designed to reduce reliance on Nvidia and AMD, potentially improving long-term economics. Robotaxi Permits in Nevada
• Positive Sentiment: Investor and analyst support: Berkshire Hathaway significantly increased its Alphabet position, reinforcing the view that the company fits a value-oriented investment strategy. Rosenblatt initiated coverage with a “Buy” rating, while analysts continue to point to resilient Search, fast-growing Cloud, and strong earnings momentum. Berkshire’s Alphabet Investment
• Neutral Sentiment: DeepMind leadership transition: Nobel Prize-winning co-founder Demis Hassabis is moving from day-to-day management to chairman and chief scientist roles, while Koray Kavukcuoglu will oversee operations. The change could improve Alphabet-wide AI coordination, but investors may monitor execution and retention risks. DeepMind Leadership Change
• Negative Sentiment: Firebase enforcement risk: Indian authorities directed Google to remove hundreds of Firebase accounts allegedly used in bank impersonation scams. The action could increase compliance costs and renew concerns about misuse of Alphabet’s platforms. India Orders Removal of Firebase Accounts

Insider Buying and Selling

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction on Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the 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 completion of the sale, the chief accounting officer directly owned 27,386 shares in the company, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 451,945 shares of company stock worth $12,382,714 in the last 90 days. Corporate insiders own 12.99% of the company's stock.

Alphabet Price Performance

Shares of GOOG stock opened at $341.75 on Friday. The business's fifty day moving average is $350.34 and its 200 day moving average is $339.73. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The stock has a market cap of $4.18 trillion, a price-to-earnings ratio of 17.16, a PEG ratio of 0.95 and a beta of 1.23. Alphabet Inc. has a twelve month low of $202.13 and a twelve month high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating 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 business had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. During the same quarter last year, the firm posted $2.31 earnings per share. The company's revenue for the quarter was up 24.2% on a year-over-year basis. Research analysts expect that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders 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 yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet's dividend payout ratio is 4.42%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Oppenheimer reiterated an "outperform" rating and issued a $400.00 price objective (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Morgan Stanley cut their target price on shares of Alphabet from $415.00 to $400.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Scotiabank reiterated an "outperform" rating and set a $450.00 price target (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Barclays reissued an "overweight" rating and set a $425.00 price target (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, KeyCorp set a $445.00 price target on shares of Alphabet in a report on Friday, July 10th. Six analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Alphabet presently has an average rating of "Buy" and an average price target of $415.55.

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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