Whitaker Myers Wealth Managers LTD. Increases Stock Position in Alphabet Inc. $GOOGL

Key Points

• Whitaker Myers Wealth Managers increased its Alphabet stake by 398.2% in the second quarter, ending with 7,837 shares valued at approximately $2.8 million. Alphabet represented about 0.5% of the firm’s portfolio.
• Other institutional investors also raised their Alphabet holdings, although insiders sold 451,945 shares worth $12.4 million over the past 90 days. Institutional investors own 40.03% of the stock, while company insiders own 11.61%.
• Analysts maintain a favorable outlook, with Alphabet receiving an average “Buy” rating and a $419.86 consensus price target. The company also reported quarterly revenue of $119.8 billion and EPS of $9.11, surpassing expectations.

Whitaker Myers Wealth Managers LTD. grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 398.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,837 shares of the information services provider's stock after purchasing an additional 6,264 shares during the period. Alphabet makes up approximately 0.5% of Whitaker Myers Wealth Managers LTD.'s investment portfolio, making the stock its 28th biggest position. Whitaker Myers Wealth Managers LTD.'s holdings in Alphabet were worth $2,801,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Aletheian Wealth Advisors LLC grew its stake in Alphabet by 9.5% in the second quarter. Aletheian Wealth Advisors LLC now owns 6,417 shares of the information services provider's stock worth $2,293,000 after purchasing an additional 557 shares in the last quarter. Sax Wealth Advisors LLC lifted its holdings in shares of Alphabet by 13.7% in the 2nd quarter. Sax Wealth Advisors LLC now owns 36,831 shares of the information services provider's stock worth $13,162,000 after buying an additional 4,436 shares during the period. Everpar Advisors LLC grew its position in shares of Alphabet by 8.1% during the 2nd quarter. Everpar Advisors LLC now owns 17,889 shares of the information services provider's stock worth $6,393,000 after buying an additional 1,344 shares in the last quarter. Avity Investment Management Inc. grew its position in shares of Alphabet by 0.3% during the 2nd quarter. Avity Investment Management Inc. now owns 49,885 shares of the information services provider's stock worth $17,827,000 after buying an additional 154 shares in the last quarter. Finally, Adamsbrown Wealth Consultants LLC increased its stake in shares of Alphabet by 29.6% during the second quarter. Adamsbrown Wealth Consultants LLC now owns 2,822 shares of the information services provider's stock valued at $1,008,000 after buying an additional 644 shares during the period. 40.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the company's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Frances Arnold sold 82 shares of the company's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $333.39, for a total value of $27,337.98. Following the transaction, the director directly owned 18,914 shares in the company, valued at $6,305,738.46. This represents a 0.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 451,945 shares of company stock worth $12,382,714. 11.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Freedom Capital upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Cantor Fitzgerald reiterated an "overweight" rating and set a $420.00 price objective (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. DA Davidson set a $350.00 price objective on shares of Alphabet and gave the company a "neutral" rating in a report on Thursday, July 23rd. Phillip Securities raised shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 27th. Finally, KeyCorp upped their target price on Alphabet from $425.00 to $445.00 and gave the stock an "overweight" rating in a report on Friday, July 10th. Five analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Alphabet has an average rating of "Buy" and an average target price of $419.86.

Alphabet Stock Performance

NASDAQ GOOGL opened at $345.90 on Monday. 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 firm has a market cap of $4.23 trillion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24. The company has a 50 day moving average price of $353.66 and a 200 day moving average price of $341.15. Alphabet Inc. has a 52 week low of $196.60 and a 52 week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. As a group, sell-side analysts forecast that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Alphabet News Summary

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

About Alphabet

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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