Wedmont Private Capital Sells 22,299 Shares of Alphabet Inc. $GOOG

Wedmont Private Capital lessened its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 14.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 137,306 shares of the information services provider's stock after selling 22,299 shares during the period. Alphabet makes up about 1.3% of Wedmont Private Capital's investment portfolio, making the stock its 14th largest position. Wedmont Private Capital's holdings in Alphabet were worth $48,748,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Kintra Wealth LLC lifted its position in Alphabet by 14.1% during the second quarter. Kintra Wealth LLC now owns 31,632 shares of the information services provider's stock valued at $10,880,000 after purchasing an additional 3,904 shares during the last quarter. Endeavor Private Wealth Inc. lifted its holdings in shares of Alphabet by 35.8% in the 2nd quarter. Endeavor Private Wealth Inc. now owns 8,100 shares of the information services provider's stock valued at $2,862,000 after acquiring an additional 2,134 shares during the last quarter. Yarger Wealth Strategies LLC lifted its holdings in shares of Alphabet by 5.1% in the 2nd quarter. Yarger Wealth Strategies LLC now owns 9,384 shares of the information services provider's stock valued at $3,332,000 after acquiring an additional 452 shares during the last quarter. Operose Advisors LLC grew its position in Alphabet by 5.7% in the second quarter. Operose Advisors LLC now owns 3,934 shares of the information services provider's stock worth $1,390,000 after acquiring an additional 213 shares in the last quarter. Finally, HB Wealth Management LLC grew its position in Alphabet by 3.5% in the second quarter. HB Wealth Management LLC now owns 358,086 shares of the information services provider's stock worth $126,523,000 after acquiring an additional 12,007 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Trading Down 2.1%

GOOG stock opened at $328.38 on Thursday. The company has a market capitalization of $4.02 trillion, a PE ratio of 16.49, a P/E/G ratio of 0.97 and a beta of 1.21. Alphabet Inc. has a 12 month low of $236.58 and a 12 month high of $404.47. The firm's 50-day moving average is $345.69 and its 200 day moving average is $341.58. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $6.24. The company had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm's quarterly revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.31 EPS. On average, research analysts anticipate that Alphabet Inc. will post 20.5 EPS for the current year.

Alphabet Dividend Announcement

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

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet announced at least €13 billion (about $15.1 billion) for AI data centers and digital infrastructure in Finland during 2027–2028. The investment will support Gemini, Search, Maps and YouTube, while a 22-year agreement with Fortum for nuclear power could provide reliable, lower-carbon electricity for energy-intensive AI operations. Google to invest $15 billion AI infrastructure in Finland
• Positive Sentiment: Google Cloud and Accenture are creating a group of 1,000 engineers to help customers deploy AI agents. The initiative may accelerate enterprise adoption of Google’s cloud, AI software and custom chips, strengthening the growth outlook for the Cloud segment. Accenture and Google are teaming up to send 1,000 engineers into the field
• Positive Sentiment: Bank of America and other commentary pointed to resilient web traffic despite rising AI competition, offering reassurance that Google’s core search business has not yet been materially displaced. Bank of America Spots Reassuring Signal for Google Stock
• Neutral Sentiment: Google, Microsoft, Amazon, Meta and Anthropic joined a Canadian data-center development pledge. The agreement supports broader AI infrastructure expansion, although it does not immediately change Alphabet’s earnings outlook. HIVE joins Google, Microsoft and Amazon in new Canada data center pledge
• Negative Sentiment: The Finland commitment reinforces concerns that surging AI capital expenditures could pressure free cash flow before revenue and profits fully scale. Investors are increasingly focused on whether Alphabet can earn attractive returns on its massive infrastructure buildout. Alphabet's ROIC Is Strong, but Is GOOGL Stock a Buy Now?
• Negative Sentiment: Alphabet warned that changes to European search results required by the Digital Markets Act could reduce search quality and increase costs for businesses, creating potential pressure on user engagement, monetization and regulatory expenses. Google warns of lower quality as it revamps Europe search results
• Negative Sentiment: Meta’s launch of its paid Muse AI agent heightened fears that autonomous assistants could bypass traditional search pages and weaken Alphabet’s search advertising model. Separately, delays affecting Alphabet and Blackstone’s Project Braid data-center venture underscore execution risks in the AI expansion. Meta rises as Muse AI agent arrives

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GOOG shares. Wedbush started coverage on Alphabet in a research report on Thursday, July 16th. They set an "outperform" rating and a $445.00 price objective on the stock. Citigroup reiterated a "market outperform" rating on shares of Alphabet in a report on Friday, August 14th. Stifel Nicolaus set a $420.00 target price on Alphabet in a research report on Wednesday, May 20th. Zacks Research lowered Alphabet from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 5th. Finally, DA Davidson lowered their price target on Alphabet from $375.00 to $350.00 and set a "neutral" rating for the company in a research report on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $415.55.

Insider Activity at Alphabet

In related news, CAO Marsida Saraci sold 449 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer owned 27,386 shares of the company's stock, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm's 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. Over the last quarter, insiders sold 451,925 shares of company stock worth $12,371,544. Company insiders own 12.99% of the company's stock.

Alphabet Company Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. It was established in 2015 as part of a corporate restructuring intended to separate Google's core internet businesses from a collection of other ventures. Google remains Alphabet's largest business and serves users, advertisers, businesses and developers worldwide.

Google's principal products and services include its internet search engine, online advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.

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