Alphabet Inc. $GOOG Stake Trimmed by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOG) by 7.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,973 shares of the information services provider’s stock after selling 1,839 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Alphabet were worth $8,470,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Alphabet by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock valued at $132,114,125,000 after acquiring an additional 8,128,234 shares in the last quarter. State Street Corp grew its position in Alphabet by 0.5% during the 4th quarter. State Street Corp now owns 187,102,863 shares of the information services provider’s stock worth $58,712,878,000 after purchasing an additional 953,790 shares in the last quarter. Auto Owners Insurance Co raised its stake in Alphabet by 38,409.2% during the 4th quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock valued at $5,643,262,000 after purchasing an additional 179,369,280 shares during the period. J. Stern & Co. LLP raised its stake in Alphabet by 28,482.8% during the 4th quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock valued at $35,174,429,000 after purchasing an additional 111,699,704 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Alphabet by 1.1% in the fourth quarter. JPMorgan Chase & Co. now owns 100,602,893 shares of the information services provider’s stock valued at $31,569,189,000 after purchasing an additional 1,073,151 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Performance

NASDAQ:GOOG opened at $355.84 on Tuesday. The firm has a market capitalization of $4.35 trillion, a PE ratio of 17.87, a PEG ratio of 0.99 and a beta of 1.23. Alphabet Inc. has a 1 year low of $197.46 and a 1 year high of $404.47. 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 firm’s fifty day simple moving average is $353.61 and its 200 day simple moving average is $339.25.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.31 earnings per share. On average, sell-side analysts anticipate that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be paid 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 0.2%. Alphabet’s dividend payout ratio is presently 4.42%.

Insiders Place Their Bets

In other Alphabet news, insider John 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 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 600,547 shares of company stock worth $16,255,540. Corporate insiders own 12.99% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Strong AI investment and cloud growth: Alphabet’s Google Cloud business reportedly delivered 82% year-over-year revenue growth, while its contracted backlog reached approximately $514 billion. The company’s planned capital spending of about $205 billion in 2026 signals substantial expected demand for AI infrastructure and cloud services. Alphabet’s Cloud Computing Business Just Posted 82% Revenue Growth
• Positive Sentiment: Institutional buying and bullish targets: Migdal Insurance added an estimated 693,726 GOOG shares, increasing its position by roughly 45%. Berkshire Hathaway’s previously disclosed multibillion-dollar Alphabet investment continues to be viewed as a vote of confidence in Alphabet’s long-term AI strategy. Recent analyst coverage remains broadly positive, with a median price target of approximately $422.50. Migdal Insurance Fund Update
• Positive Sentiment: Debt offering supports expansion: Alphabet completed a $25 billion, multi-maturity debt offering. The proceeds provide additional financial flexibility for data centers, AI infrastructure and other corporate needs, complementing its strong operating cash generation. Alphabet Completes $25 Billion Multi-Maturity Debt Offering
• Neutral Sentiment: New Google Play payment option: Google Play is adding Venmo for purchases of apps, games and digital content. The move could improve payment convenience and engagement but is unlikely to materially affect Alphabet’s near-term financial results. Google Play Adds Venmo as a Payment Option
• Negative Sentiment: AI leadership concerns: Analysts warn that high-profile departures from DeepMind could weaken Alphabet’s AI execution and competitive position, contributing to recent volatility and skepticism about the company’s ability to convert heavy spending into returns. Analyst Warns Alphabet Faces Two Major AI Problems
• Negative Sentiment: Mixed fund flows and insider selling: Great Lakes Advisors cut its GOOG position by approximately 536,022 shares, or 44%. Separately, reported Alphabet insiders made no open-market purchases and completed 96 sales over the past six months. These transactions may reinforce concerns about valuation or near-term upside, though they are not necessarily fundamental signals.
• Negative Sentiment: Financing and concentration risks: Critics question whether rapidly expanding AI infrastructure spending can generate adequate returns, particularly as a large portion of projected cloud revenue may depend on unprofitable AI customers. The new debt issuance adds funding capacity but also modestly increases leverage.

Analyst Upgrades and Downgrades

GOOG has been the subject of several recent analyst reports. Canaccord Genuity Group set a $450.00 target price on Alphabet in a research report on Thursday, July 23rd. Raymond James Financial reissued a “strong-buy” rating on shares of Alphabet in a research report on Thursday, July 23rd. Oppenheimer restated an “outperform” rating and set a $400.00 price objective (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research report on Friday, July 17th. Finally, Phillip Securities upgraded Alphabet from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 27th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $410.09.

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.