Fiduciary Financial Group LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 40.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,616 shares of the information services provider's stock after purchasing an additional 7,713 shares during the quarter. Alphabet accounts for about 1.1% of Fiduciary Financial Group LLC's portfolio, making the stock its 22nd largest position. Fiduciary Financial Group LLC's holdings in Alphabet were worth $9,404,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in GOOG. City Holding Co. boosted its holdings in shares of Alphabet by 2.1% in the 2nd quarter. City Holding Co. now owns 3,399 shares of the information services provider's stock worth $1,201,000 after purchasing an additional 70 shares during the period. Spinnaker Investment Group LLC raised its holdings in Alphabet by 54.3% during the 2nd quarter. Spinnaker Investment Group LLC now owns 3,197 shares of the information services provider's stock valued at $1,129,000 after buying an additional 1,125 shares during the period. Highland Financial Advisors LLC lifted its position in Alphabet by 9.8% in the second quarter. Highland Financial Advisors LLC now owns 1,391 shares of the information services provider's stock worth $491,000 after buying an additional 124 shares during the last quarter. Fulcrum Equity Management bought a new stake in Alphabet in the second quarter worth $343,000. Finally, Constitution Capital LLC bought a new stake in Alphabet in the second quarter worth $2,000,000. 27.26% of the stock is owned by hedge funds and other institutional investors.
Alphabet News Roundup
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google’s Gemini app surpassed 1 billion monthly active users, marking the 14th Google product to reach that milestone. The figure supports Alphabet’s argument that its AI products are gaining meaningful consumer traction. Google's Gemini app surges to one billion users
- Positive Sentiment: Ryanair agreed to a five-year Google Cloud partnership covering Gemini and DeepMind models, including crew scheduling and operational decisions. The deal offers another example of enterprise demand for Google Cloud’s AI capabilities. Ryanair signs five-year Google Cloud deal
- Positive Sentiment: Several analysts remain bullish, with reported buy or equivalent ratings and a median GOOGL price target of $422.50. Recent institutional filings also showed purchases by Vanguard Personalized Indexing, BlackRock, State Street and Berkshire Hathaway, although the filings reflect earlier reporting periods.
- Neutral Sentiment: Alphabet will meet White House officials alongside Meta, Anthropic and OpenAI to discuss voluntary safety testing for advanced AI models. Cooperation could improve industry credibility, but the meeting highlights increasing scrutiny of AI risks. Alphabet, Meta and AI safety discussions
- Negative Sentiment: The main pressure appears to be concern over Alphabet’s elevated AI infrastructure spending—reported capital-expenditure guidance of roughly $195 billion to $205 billion for 2026—and its effect on margins, free cash flow and investment returns. A broader decline in large-cap technology stocks added to the selling.
- Negative Sentiment: French news organizations asked regulators to intervene over Google’s AI-generated search summaries, arguing that they reduce traffic to publishers. Alphabet also faces thousands of social-media addiction lawsuits and broader concerns about AI safety and misinformation. French media asks watchdog to act on Google's AI
Alphabet Stock Down 3.6%
Shares of GOOG stock opened at $343.00 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The company has a market cap of $4.19 trillion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 1.00 and a beta of 1.23. The stock's fifty day moving average price is $353.30 and its 200 day moving average price is $339.36. Alphabet Inc. has a 1-year low of $197.46 and a 1-year high of $404.47.
Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly 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 business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. During the same quarter in the previous year, the firm earned $2.31 earnings per share. The company's revenue was up 24.2% on a year-over-year basis. On average, research analysts expect that Alphabet Inc. will post 20.51 earnings per share 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 given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's payout ratio is currently 4.42%.
Analyst Ratings Changes
A number of research analysts have weighed in on GOOG shares. DA Davidson cut their price objective on shares of Alphabet from $375.00 to $350.00 and set a "neutral" rating on the stock in a research report on Thursday, July 23rd. BMO Capital Markets raised their price target on shares of Alphabet from $455.00 to $465.00 and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. Barclays reaffirmed 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. Freedom Capital upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Finally, Royal Bank Of Canada reaffirmed a "buy" rating and issued a $475.00 price target on shares of Alphabet in a research report 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 company's stock. According to MarketBeat, Alphabet presently has a consensus rating of "Buy" and an average target price of $410.09.
Get Our Latest Report on Alphabet
Insider Activity at Alphabet
In other Alphabet news, insider John Kent Walker sold 8,998 shares of the company's stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider owned 75,290 shares in the company, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frances Arnold sold 82 shares of the firm's stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $333.39, for a total transaction of $27,337.98. Following the completion of the transaction, the director directly owned 18,914 shares of the company's stock, valued at approximately $6,305,738.46. This represents a 0.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 600,547 shares of company stock worth $16,255,540 in the last quarter. 12.99% of the stock is currently owned by company insiders.
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
Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG - Free Report).
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.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Alphabet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.
While Alphabet currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
