Oppenheimer & Co. Inc. Purchases 10,484 Shares of Alphabet Inc. $GOOG

Oppenheimer & Co. Inc. lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 460,159 shares of the information services provider's stock after acquiring an additional 10,484 shares during the quarter. Alphabet accounts for approximately 1.7% of Oppenheimer & Co. Inc.'s investment portfolio, making the stock its 7th biggest holding. Oppenheimer & Co. Inc.'s holdings in Alphabet were worth $162,588,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Imprint Wealth LLC acquired a new stake in shares of Alphabet in the third quarter valued at about $31,000. Nvest Wealth Strategies Inc. acquired a new position in shares of Alphabet during the 4th quarter worth about $38,000. Lifetime Wealth Management P.C. acquired a new position in shares of Alphabet during the 4th quarter worth about $38,000. Bard Associates Inc. purchased a new position in Alphabet in the 4th quarter valued at about $41,000. Finally, Towne Trust Company N.A lifted its stake in Alphabet by 34.0% in the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock valued at $42,000 after buying an additional 34 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway significantly increased its Alphabet position. Berkshire owned approximately 106 million shares worth $37.9 billion at the end of June after raising its stake by 83% during the second quarter. Alphabet is now Berkshire’s third-largest U.S.-listed equity holding, a notable vote of confidence under CEO Greg Abel. Berkshire Hathaway boosts Alphabet to a top three holding
• Positive Sentiment: Digital advertising estimates improved. July advertiser spending exceeded consensus expectations, supporting the outlook for Alphabet’s core advertising business. Alphabet also launched Gemini 3.7 Flash for coding and automated business workflows, potentially expanding monetization opportunities in enterprise AI. Internet stock advertising estimate revisions
• Positive Sentiment: Alphabet’s SpaceX investment has become a major unrealized asset. The company disclosed that its roughly $900 million investment in SpaceX is now worth about $94 billion, highlighting the value of Alphabet’s venture portfolio, although the gain does not directly represent operating revenue or cash flow. Alphabet’s SpaceX bet grows 100-fold
• Positive Sentiment: Other institutions also added exposure. UniSuper increased its GOOG and GOOGL holdings, while several major funds reported purchases, reinforcing the perception that Alphabet remains attractively valued after its recent pullback.
• Neutral Sentiment: Google expanded Gemini access in schools and introduced tools allowing users to remove visible watermarks from AI-generated content while retaining invisible SynthID protections. These moves could improve adoption but have uncertain near-term financial effects. Google turns on Gemini AI for students
• Negative Sentiment: Gemini lost chatbot-visit share to ChatGPT in July. Although Gemini surpassed one billion monthly active users, its share of chatbot visits fell to 28.8%, raising concerns about competitive momentum in consumer AI.
• Negative Sentiment: AI investment is pressuring cash flow. Analysts continue to flag Alphabet’s very high data-center and chip spending, with some estimates showing weaker free-cash-flow generation than Microsoft and Meta in 2027.
• Negative Sentiment: Several funds reduced Alphabet positions. Barclays, Franklin Resources, Magellan and other managers reported trimming GOOG or GOOGL holdings, partially offsetting Berkshire’s large purchase. Alphabet also faces reputational risk from a reported Google-ad phishing scam and a law-firm investigation of investor claims.

Wall Street Analysts Forecast Growth

Several research firms have commented on GOOG. Phillip Securities upgraded Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 27th. UBS Group restated a "neutral" rating and issued a $379.00 target price (down from $400.00) on shares of Alphabet in a research report on Thursday, July 23rd. Scotiabank restated an "outperform" rating and issued a $450.00 target price (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. Barclays reaffirmed an "overweight" rating and issued a $425.00 price target (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, DZ Bank upgraded Alphabet to a "strong-buy" rating in a research report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Alphabet currently has an average rating of "Buy" and a consensus target price of $415.55.

Alphabet Stock Down 0.1%

Shares of NASDAQ GOOG opened at $343.54 on Friday. Alphabet Inc. has a 12-month low of $197.46 and a 12-month high of $404.47. The stock has a market cap of $4.20 trillion, a PE ratio of 17.25, a P/E/G ratio of 0.96 and a beta of 1.23. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $352.09 and a 200 day moving average of $339.57.

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, beating analysts' consensus estimates of $2.87 by $6.24. The company had revenue of $119.80 billion during 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%. Alphabet's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.31 EPS. As a group, sell-side analysts predict that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Insider Buying and Selling

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the firm's 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 of the company's stock, valued at $9,125,015.20. This trade represents a 1.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 451,945 shares of company stock valued at $12,382,714 in the last quarter. Corporate insiders own 12.99% of the company's stock.

About Alphabet

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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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.

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