Thurston Springer Miller Herd & Titak Inc. Grows Stock Holdings in Alphabet Inc. $GOOGL

Key Points

• Thurston Springer Miller Herd & Titak increased its Alphabet holdings by 33.7% in the second quarter to 6,890 shares valued at approximately $2.46 million. Other institutional investors also raised their positions, with institutions collectively owning 40.03% of Alphabet’s stock.
• Alphabet reported quarterly revenue of $119.8 billion and EPS of $9.11, exceeding analyst expectations. Analysts maintain a consensus “Buy” rating with an average price target of $419.86, while the company announced a quarterly dividend of $0.22 per share.
• Alphabet is benefiting from high-profile investor support, a valuable SpaceX investment and new Gemini AI products, but faces concerns over rising AI spending, competitive pressures and insider selling. Shares opened at $345.90, below their 52-week high of $408.61.

Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 33.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,890 shares of the information services provider's stock after acquiring an additional 1,735 shares during the quarter. Alphabet comprises approximately 0.9% of Thurston Springer Miller Herd & Titak Inc.'s portfolio, making the stock its 19th biggest holding. Thurston Springer Miller Herd & Titak Inc.'s holdings in Alphabet were worth $2,462,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GOOGL. Baring Financial LLC increased its holdings in shares of Alphabet by 6.6% in the second quarter. Baring Financial LLC now owns 5,045 shares of the information services provider's stock worth $1,803,000 after purchasing an additional 313 shares during the period. Beacon Financial Strategies CORP grew its holdings in shares of Alphabet by 8.0% during the second quarter. Beacon Financial Strategies CORP now owns 1,557 shares of the information services provider's stock worth $556,000 after purchasing an additional 116 shares in the last quarter. Quantum Financial Advisors LLC grew its holdings in shares of Alphabet by 2.2% during the second quarter. Quantum Financial Advisors LLC now owns 12,101 shares of the information services provider's stock worth $4,324,000 after purchasing an additional 261 shares in the last quarter. Eldred Rock Partners LLC increased its position in shares of Alphabet by 6.6% in the second quarter. Eldred Rock Partners LLC now owns 74,290 shares of the information services provider's stock worth $26,549,000 after purchasing an additional 4,597 shares during the last quarter. Finally, Shulman DeMeo Asset Management LLC increased its position in shares of Alphabet by 4.1% in the second quarter. Shulman DeMeo Asset Management LLC now owns 4,406 shares of the information services provider's stock worth $1,574,000 after purchasing an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway sharply 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% in the second quarter. Alphabet is now Berkshire’s third-largest U.S.-listed equity holding, a high-profile vote of confidence under CEO Greg Abel. Berkshire Hathaway boosts Alphabet to a top three holding
• Positive Sentiment: Alphabet’s SpaceX investment has become exceptionally valuable. The company disclosed that its roughly $900 million investment in SpaceX in 2015 was worth about $94 billion at the end of June. The gain highlights Alphabet’s ability to generate returns from strategic investments, although it is not recurring operating revenue. Alphabet's SpaceX bet grows 100-fold over a decade
• Positive Sentiment: Google launched Gemini 3.7 Flash for coding and automated business workflows. The new model could strengthen Alphabet’s position in enterprise AI and agent-based software, although investors are still awaiting details on the flagship Gemini Pro release. Google unveils Gemini 3.7 Flash AI model
• Neutral Sentiment: Google will let users remove visible watermarks from AI-generated images, videos and songs while retaining invisible SynthID and C2PA metadata. The policy may improve user flexibility but could raise questions about content provenance and misuse. Google will now allow users to remove visible watermark from its AI generations
• Negative Sentiment: AI investment and competitive pressures remain overhangs. Reports cite rising AI capital expenditures and cash-flow pressure, while Nvidia’s large financing arrangement could challenge Alphabet’s custom-chip strategy. Traders also reduced expectations for an imminent Gemini Pro launch. Alphabet's stock slips as Nvidia financing deal threatens custom chips
• Negative Sentiment: Zacks Research downgraded Alphabet from “strong buy” to “hold,” reflecting valuation and spending concerns. In addition, Pomerantz announced an investigation into potential investor claims, creating a modest legal-risk overhang. GOOGL Down 19% From 52-Week High

Insider Buying and Selling

In related news, Director Frances Arnold sold 82 shares of the firm's stock in a transaction that occurred 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 transaction, the director directly owned 18,914 shares in the company, valued at $6,305,738.46. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the transaction, the insider directly owned 75,290 shares in the company, valued at $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 451,945 shares of company stock valued at $12,382,714. 11.61% of the stock is owned by insiders.

Alphabet Stock Performance

Alphabet stock opened at $345.90 on Friday. 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 company has a market capitalization of $4.23 trillion, a PE ratio of 17.37, a P/E/G ratio of 0.97 and a beta of 1.24. The firm has a fifty day simple moving average of $353.66 and a two-hundred day simple moving average of $341.10. Alphabet Inc. has a twelve month low of $196.60 and a twelve month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $6.22. The business had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Research analysts expect that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Announces Dividend

The business also recently announced 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. The ex-dividend date is Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio is currently 4.42%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Evercore lifted their target price on shares of Alphabet from $400.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, April 30th. Arete Research increased their price target on shares of Alphabet from $405.00 to $425.00 and gave the stock a "buy" rating in a report on Monday, May 18th. Roth Capital restated a "buy" rating and set a $440.00 price objective (up from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Oppenheimer lifted their price objective on shares of Alphabet from $425.00 to $445.00 and gave the stock an "outperform" rating in a report on Friday, May 15th. Finally, DZ Bank upgraded shares of Alphabet to a "strong-buy" rating in a research report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Alphabet currently has a consensus rating of "Buy" and a consensus price target of $419.86.

Alphabet Company Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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