First Heartland Consultants Inc. raised its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 24.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,784 shares of the information services provider’s stock after acquiring an additional 2,121 shares during the quarter. First Heartland Consultants Inc.’s holdings in Alphabet were worth $3,810,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Nvest Wealth Strategies Inc. purchased a new position in Alphabet in the 4th quarter valued at about $38,000. Lifetime Wealth Management P.C. purchased a new stake in shares of Alphabet during the fourth quarter worth about $38,000. Imprint Wealth LLC purchased a new stake in shares of Alphabet during the third quarter worth about $31,000. Bard Associates Inc. acquired a new position in shares of Alphabet in the fourth quarter worth about $41,000. Finally, Towne Trust Company N.A lifted its stake in shares of Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after acquiring an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.
Alphabet Stock Performance
Shares of GOOG stock opened at $353.47 on Friday. 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 Inc. has a one year low of $197.46 and a one year high of $404.47. The company’s 50-day simple moving average is $353.94 and its 200-day simple moving average is $338.96. The stock has a market capitalization of $4.32 trillion, a price-to-earnings ratio of 17.75, a PEG ratio of 1.00 and a beta of 1.23.
Alphabet Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be given a $0.22 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is presently 4.42%.
Insider Transactions at Alphabet
In related news, Director Frances Arnold sold 82 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $333.39, for a total transaction of $27,337.98. Following the sale, the director directly owned 18,914 shares of the company’s stock, valued at approximately $6,305,738.46. This represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 600,547 shares of company stock valued at $16,255,540 over the last 90 days. Insiders own 12.99% of the company’s stock.
Alphabet News Summary
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Institutional buying remained supportive. State Street added an estimated 12.7 million shares of Alphabet’s Class A stock, while Mitsubishi UFJ, Lazard and Citizens Financial also increased their Alphabet positions in second-quarter 13F filings. State Street fund update
- Positive Sentiment: Alphabet’s AI and cloud businesses continue to show strong commercial momentum. Gemini reportedly reached 950 million monthly active users, Google Cloud revenue surged 82% in the second quarter, and its backlog reached $514 billion. A new multiyear, $100 million-plus Google Cloud agreement with AI lab Mirendil could add further demand for cloud infrastructure. Google AI and DeepMind report
- Neutral Sentiment: Alphabet is reorganizing its AI leadership. DeepMind chief Demis Hassabis is moving into a broader chief scientist role, while Chief Scientist Jeff Dean is departing after 27 years. The changes could improve long-term research focus but raise concerns about talent retention and execution. Google AI leadership report
- Negative Sentiment: Alphabet launched a roughly $25 billion, 10-part bond offering to finance expanded AI infrastructure spending. Strong demand—reportedly about $115 billion in orders—supports its credit profile, but investors remain concerned that rising capital expenditures and borrowing could reduce returns or increase financial risk. Alphabet bond offering report
- Negative Sentiment: Zacks Research downgraded Alphabet from “strong buy” to “hold,” adding to valuation and near-term sentiment pressure. Separately, several investment managers—including Mawer, First Eagle, Diamond Hill and SCS Capital—reported reductions in Alphabet holdings. Zacks Research
- Negative Sentiment: Alphabet’s planned $15 billion India data-center project faces opposition over water use and wildlife concerns, creating potential regulatory and development hurdles for its infrastructure expansion. Google India data center report
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on GOOG. TD Cowen restated a “buy” rating and set a $475.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. Zacks Research lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Wolfe Research set a $460.00 target price on Alphabet in a research report on Thursday, July 23rd. Phillip Securities upgraded Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 27th. Finally, UBS Group reissued a “neutral” rating and set a $379.00 price target (down from $400.00) on shares of Alphabet in a research report on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $410.09.
Check Out Our Latest Analysis on GOOG
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.
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