Alphabet Inc. $GOOG Position Cut by Security National Bank of SO Dak

Security National Bank of SO Dak reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 39.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,617 shares of the information services provider’s stock after selling 1,676 shares during the quarter. Security National Bank of SO Dak’s holdings in Alphabet were worth $925,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Denali Advisors LLC lifted its stake in Alphabet by 14.8% during the second quarter. Denali Advisors LLC now owns 105,988 shares of the information services provider’s stock valued at $37,449,000 after buying an additional 13,700 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management increased 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 acquiring an additional 2,850 shares in the last quarter. Heck Capital Advisors LLC raised its holdings in shares of 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 acquiring an additional 16,647 shares during the period. Montchanin Asset Management LLC acquired a new stake in shares of Alphabet during the first quarter valued at approximately $7,075,000. Finally, Sax Wealth Advisors LLC lifted its position in shares of Alphabet by 13.3% in the 2nd quarter. Sax Wealth Advisors LLC now owns 30,489 shares of the information services provider’s stock valued at $10,773,000 after acquiring an additional 3,575 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, insider Kent Walker sold 8,998 shares of the firm’s 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 sale, the insider owned 75,290 shares of the company’s stock, valued at $26,298,044.10. This trade represents a 10.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 450,875 shares of company stock worth $11,984,482 over the last quarter. 12.99% of the stock is currently owned by company insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Antitrust ruling removes breakup risk: A federal judge declined to force Google to sell or separate its ad-tech businesses. Although Alphabet must share more auction data, improve interoperability, and appoint an antitrust compliance monitor, investors generally viewed the remedies as less severe than a breakup. Google should appoint antitrust compliance officer
• Positive Sentiment: Analysts see improving search and AI momentum: Evercore raised its price target to $450, citing a recovering search business and gains for Gemini against competing AI tools. Analysts also point to Google Cloud’s strong growth, a $514 billion backlog, and rising enterprise AI adoption. Alphabet stock jumps as Wall Street raises targets
• Positive Sentiment: Waymo expands internationally: Alphabet’s autonomous-driving unit plans to launch all-electric robotaxi service in Singapore by 2028, marking its first Southeast Asian market and reinforcing the longer-term value of Alphabet’s non-search businesses. Waymo to bring autonomous ride-hailing to Singapore
• Positive Sentiment: AI chips are becoming a revenue stream: Alphabet began recognizing revenue from sales of its custom AI chip systems in the second quarter. A $22 billion financing arrangement for the Crux AI TPU buildout could support further chip deployment and cloud growth. 2 Stocks to Buy as Google Starts Selling Its AI Chips
• Neutral Sentiment: Options activity signals bullish positioning: Investors purchased more than 212,000 Alphabet call options, above typical daily volume, suggesting increased speculative interest but not guaranteeing further gains.
• Negative Sentiment: Regulatory oversight and AI spending remain risks: The ad-tech remedies could constrain business practices for years, while heavy AI infrastructure investment is pressuring free cash flow. California’s new AI-related executive order may also add compliance uncertainty.

Analyst Ratings Changes

Several brokerages have recently commented on GOOG. Wells Fargo & Company decreased their target price on Alphabet from $418.00 to $411.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. JPMorgan Chase & Co. dropped their price target on Alphabet from $460.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Freedom Capital raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. HSBC set a $515.00 price objective on Alphabet in a research report on Friday, August 14th. Finally, Wedbush started coverage on Alphabet in a report on Thursday, July 16th. They issued an “outperform” rating and a $445.00 target price on the stock. Six research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Alphabet has an average rating of “Buy” and an average price target of $415.55.

Alphabet Stock Up 0.2%

Alphabet stock traded up $0.73 during mid-day trading on Friday, hitting $344.41. 34,036,212 shares of the company’s stock were exchanged, compared to its average volume of 20,721,523. Alphabet Inc. has a 1-year low of $236.68 and a 1-year high of $404.47. The stock has a 50 day moving average of $343.30 and a two-hundred day moving average of $342.75. 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 stock has a market cap of $4.21 trillion, a P/E ratio of 17.30, a P/E/G ratio of 0.98 and a beta of 1.21.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.31 earnings per share. As a group, analysts anticipate 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 was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were paid a $0.22 dividend. The ex-dividend date was 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%.

Alphabet 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.