Nichols & Pratt Advisers LLP MA reduced its stake in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 3.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 422,142 shares of the information services provider’s stock after selling 14,505 shares during the quarter. Alphabet comprises approximately 9.1% of Nichols & Pratt Advisers LLP MA’s holdings, making the stock its 2nd largest position. Nichols & Pratt Advisers LLP MA’s holdings in Alphabet were worth $149,155,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in GOOG. Castlekeep Investment Advisors LLC purchased a new stake in shares of Alphabet in the second quarter worth $29,000. Lifetime Wealth Management P.C. purchased a new position in shares of Alphabet in the 4th quarter worth about $38,000. Imprint Wealth LLC bought a new position in Alphabet in the 3rd quarter worth about $31,000. Bard Associates Inc. purchased a new stake in Alphabet during the 4th quarter valued at about $41,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in Alphabet during the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.
Alphabet Price Performance
GOOG opened at $339.08 on Friday. The company’s 50-day simple moving average is $346.95 and its two-hundred day simple moving average is $340.75. Alphabet Inc. has a 52-week low of $226.76 and a 52-week high of $404.47. The stock has a market capitalization of $4.15 trillion, a P/E ratio of 17.03, a P/E/G ratio of 0.97 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72.
Alphabet Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders 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 dividend on an annualized basis and a yield of 0.3%. Alphabet’s payout ratio is currently 4.42%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the stock. Wells Fargo & Company decreased their target price on shares of Alphabet from $418.00 to $411.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Freedom Capital upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Truist Financial decreased their price objective on shares of Alphabet from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Stifel Nicolaus set a $420.00 price objective on Alphabet in a research report on Wednesday, May 20th. Finally, Morgan Stanley cut their target price on Alphabet from $415.00 to $400.00 and set an “overweight” rating on the stock in a research note 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.com, the stock has a consensus rating of “Buy” and a consensus target price of $415.55.
Check Out Our Latest Research Report on Alphabet
Key Headlines Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google launched Gemini 3.8 Flash, including versions designed for coding, agentic tasks and cybersecurity. The release reinforces Alphabet’s effort to close performance gaps with OpenAI and Anthropic and supports the investment case for its AI products and cloud platform. Google’s Gemini 3.8 Flash is built for agents
- Positive Sentiment: New conversational voice features in Gmail, Docs and Keep give users more ways to interact with Google’s AI ecosystem, potentially improving Gemini adoption and monetization across Workspace. Google launches AI voice features in Gmail, Docs and Keep
- Positive Sentiment: Berkshire Hathaway CEO Greg Abel described Alphabet as a significant AI player after Berkshire increased its stake, providing a high-profile vote of confidence in Google’s AI strategy. Berkshire CEO Abel says Alphabet is a significant AI player
- Positive Sentiment: Alphabet’s AI-related energy initiatives—including a 400-megawatt geothermal agreement with Fervo—highlight efforts to secure power for data-center expansion. Strong recent Cloud growth and revenue momentum further support the bullish narrative. Enhanced geothermal notches another win as Google buys 400 MW from Fervo
- Neutral Sentiment: Google’s WeatherNext 3 model and its collaboration on virtual power plants and clean-energy storage expand Alphabet’s technology and infrastructure partnerships, but the near-term financial impact remains uncertain. Google’s new AI weather model could help energy companies
- Negative Sentiment: Alphabet still faces antitrust-related remedies, a securities-fraud investigation announcement and scrutiny over service outages, while its large AI capital-spending program could pressure free cash flow. Reports that a promised Gemini flagship model remains delayed also raise concerns about product execution. Securities fraud investigation into Alphabet continues
Insider Transactions at Alphabet
In related news, Director John Hennessy sold 1,050 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the completion of the sale, the director owned 1,481 shares in the company, valued at approximately $545,941.03. This represents a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 451,925 shares of company stock valued at $12,371,544 over the last 90 days. 12.99% of the stock is owned by corporate insiders.
About Alphabet
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.
Featured Articles
- Five stocks we like better than Alphabet
- The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story
- NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now
- Dropping the Dough: Yum! Brands Strategically Trims the Fat
- These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
