Sacks & Associates LLC Acquires New Shares in Alphabet Inc. $GOOG

Key Points

• Sacks & Associates LLC acquired 3,882 Alphabet shares worth approximately $1.385 million, making GOOG its 19th-largest portfolio holding at about 0.9%. Institutional investors collectively own 27.26% of Alphabet.
• Alphabet reported strong quarterly results: earnings per share came in at $9.11 versus the $2.87 consensus estimate, while revenue rose 24.2% year over year to $119.8 billion.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $415.55 versus the reported share price of $341.28. Alphabet also declared a quarterly dividend of $0.22 per share, representing a 0.3% yield.

Sacks & Associates LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,882 shares of the information services provider's stock, valued at approximately $1,385,000. Alphabet makes up about 0.9% of Sacks & Associates LLC's investment portfolio, making the stock its 19th largest position.

Several other large investors have also added to or reduced their stakes in GOOG. Gerber Kawasaki Wealth & Investment Management raised its position in shares of Alphabet by 1.0% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider's stock worth $86,596,000 after buying an additional 2,850 shares in the last quarter. Heck Capital Advisors LLC boosted its stake in 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 buying an additional 16,647 shares during the period. Violich Capital Management Inc. grew its position in Alphabet by 1.0% during the fourth quarter. Violich Capital Management Inc. now owns 340,776 shares of the information services provider's stock worth $106,936,000 after buying an additional 3,378 shares in the last quarter. Montchanin Asset Management LLC purchased a new position in Alphabet during the first quarter worth about $7,075,000. Finally, Sax Wealth Advisors LLC increased its stake in Alphabet by 13.3% in the 2nd quarter. Sax Wealth Advisors LLC now owns 30,489 shares of the information services provider's stock worth $10,773,000 after acquiring an additional 3,575 shares during the last quarter. Institutional investors own 27.26% of the company's stock.

Alphabet Stock Down 0.0%

GOOG opened at $341.28 on Wednesday. The business's fifty day simple moving average is $351.27 and its 200 day simple moving average is $339.70. Alphabet Inc. has a 52 week low of $197.46 and a 52 week high of $404.47. 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 $4.17 trillion, a PE ratio of 17.14, a P/E/G ratio of 0.96 and a beta of 1.23.

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 (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 firm had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. During the same quarter in the previous year, the company posted $2.31 earnings per share. The company's revenue was up 24.2% compared to the same quarter last year. As a group, research analysts expect that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors 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 currently 4.42%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway’s major investment: Berkshire increased its Alphabet position by 83%, adding roughly 48 million shares worth about $17 billion. Warren Buffett said he initiated the investment, providing a high-profile endorsement of Alphabet’s valuation, search resilience and rapidly growing Google Cloud business. Berkshire Hathaway Boosted Its Alphabet Stake 83%
• Positive Sentiment: AI and cloud expansion: Analysts and investors continue to highlight Alphabet’s strong AI position, including Gemini adoption, custom TPU potential and Google Cloud growth. Alphabet is also reportedly hosting Anthropic workloads, linking the company to demand for frontier AI infrastructure. Alphabet External TPU Sales Are A Likely Game Changer
• Positive Sentiment: Spirit Airlines data acquisition: Google won a $10 million bankruptcy auction for anonymized Spirit Airlines business records and software to support product development and AI training. The deal is small financially but illustrates Alphabet’s efforts to secure specialized datasets, with customer personal information reportedly excluded. Google to buy Spirit Airlines business data for $10 million
• Neutral Sentiment: Portfolio signals are divided: Several major funds, including David Tepper and other prominent managers, reported Alphabet purchases, but Bill Ackman, Viking Global and Altarock Partners also reduced or exited positions. Because 13F filings are backward-looking, they may influence sentiment without signaling current trading decisions. Hedge Funds Are Divided on MSFT and GOOGL
• Negative Sentiment: Investor-law-firm investigation: Pomerantz LLP announced an investigation into potential claims on behalf of Alphabet investors. The notice does not establish wrongdoing, but it adds headline and litigation risk. Pomerantz Investor Alert
• Negative Sentiment: Higher AI spending and debt: Alphabet is increasing bond issuance to fund data centers and AI infrastructure. The investment may support long-term growth, but heavier borrowing, supply commitments and concerns about an eventual AI-capex slowdown could pressure near-term sentiment. AI’s Half-Trillion-Dollar Borrowing Binge
• Negative Sentiment: China manufacturing exit: Google plans to complete its China manufacturing withdrawal by 2027, shifting Pixel production to Vietnam and India. The move may reduce geopolitical exposure but could create transition costs and supply-chain uncertainty. Alphabet Stock Dips as Google Plans China Manufacturing Exit

Analysts Set New Price Targets

Several research firms have weighed in on GOOG. Canaccord Genuity Group set a $450.00 price target on Alphabet in a report on Thursday, July 23rd. Scotiabank reissued an "outperform" rating and set a $450.00 price objective (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. TD Cowen restated a "buy" rating and issued a $475.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. Cantor Fitzgerald restated an "overweight" rating and issued a $420.00 price objective (down from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Phillip Securities raised shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 27th. Six analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $415.55.

Insider Transactions at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the company's stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Kent Walker sold 8,998 shares of the 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 $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 451,945 shares of company stock worth $12,382,714. 12.99% of the stock is owned by corporate insiders.

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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