One Wealth Advisors LLC Lowers Stake in Alphabet Inc. $GOOG

One Wealth Advisors LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOG) by 14.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,056 shares of the information services provider’s stock after selling 3,260 shares during the period. Alphabet makes up approximately 0.7% of One Wealth Advisors LLC’s portfolio, making the stock its 14th largest position. One Wealth Advisors LLC’s holdings in Alphabet were worth $6,733,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Imprint Wealth LLC purchased a new position in Alphabet in the third quarter worth approximately $31,000. Nvest Wealth Strategies Inc. purchased a new stake in shares of Alphabet during the 4th quarter worth $38,000. Lifetime Wealth Management P.C. purchased a new position in Alphabet in the fourth quarter valued at $38,000. Bard Associates Inc. acquired a new stake in Alphabet in the fourth quarter valued at $41,000. Finally, Towne Trust Company N.A lifted its holdings in Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway increased its Alphabet position: Berkshire disclosed that it raised its Alphabet stake by 83% in the second quarter to nearly 106 million shares valued at approximately $37.8 billion. Warren Buffett said the investment was his idea, providing a significant vote of confidence in Alphabet’s valuation and AI prospects. Warren Buffett’s Empire Just Made a Massive AI Bet Nobody Saw Coming
• Positive Sentiment: Analyst remains bullish: Rosenblatt Securities initiated coverage with a “Buy” rating, while analyst Scott Devitt reportedly expects Alphabet to reach a new record high over the next 12 months. This may help counter recent concerns about the stock’s pullback. Alphabet receives Rosenblatt Buy rating
• Positive Sentiment: Waymo expanded its commercial technology: Alphabet’s autonomous-driving unit introduced an in-house chip capable of more than 1,000 trillion operations per second and opened its cheaper next-generation robotaxi to all riders in Los Angeles, Phoenix and San Francisco. The moves could reduce reliance on Nvidia and lower fleet costs over time. Waymo’s cheaper, next-gen robotaxi is now open to all riders
• Neutral Sentiment: Google is broadening AI monetization: New Gemini Enterprise coding capabilities, student tools and publisher “favorite source” controls support product adoption, although their near-term revenue impact remains uncertain. Google launches new study tools
• Negative Sentiment: AI spending is increasing financial pressure: Alphabet raised approximately $3.9 billion in its first Australian-dollar bond sale as it funds its AI infrastructure expansion. Borrowing supports growth but raises interest costs and reinforces investor concerns about the scale of capital expenditures. Alphabet raises $3.9 billion in Australian bond sale
• Negative Sentiment: Marvell adds competitive risk: Google agreed to develop custom silicon with Marvell and received warrants to potentially acquire nearly 59 million Marvell shares. The arrangement could diversify Google’s supply chain but raises questions about Broadcom’s share of Google’s TPU ecosystem and the cost of maintaining multiple chip partnerships. Marvell pops on Google AI chip deal
• Negative Sentiment: Execution and legal concerns remain: Prediction markets indicate a likely delay for Google’s flagship Gemini Pro release, while a court postponed approval of Google’s $10 million Spirit Airlines data purchase after union objections over confidential information. Former Google chief scientist Jeff Dean’s departure also adds to leadership uncertainty in AI. Traders bet Google’s delayed Gemini flagship will slip into autumn

Analyst Ratings Changes

A number of research analysts have recently commented on GOOG shares. Zacks Research downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Morgan Stanley lowered their price target on Alphabet from $415.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Canaccord Genuity Group set a $450.00 price target on shares of Alphabet in a research note on Thursday, July 23rd. Freedom Capital raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Finally, DA Davidson reduced their price objective on shares of 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 issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Alphabet has a consensus rating of “Buy” and an average target price of $415.55.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $338.20 on Friday. The stock has a market cap of $4.14 trillion, a P/E ratio of 16.99, a P/E/G ratio of 0.96 and a beta of 1.23. Alphabet Inc. has a twelve month low of $200.40 and a twelve month high of $404.47. The stock has a 50 day moving average of $350.67 and a two-hundred day moving average of $339.72. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $6.24. The business 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 revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period last year, the firm posted $2.31 earnings per share. On average, research analysts forecast that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

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

Insider Buying and Selling at Alphabet

In other Alphabet news, 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 transaction, the insider directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 451,945 shares of company stock valued at $12,382,714 over the last ninety days. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Company 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.