Alphabet Inc. $GOOG Position Lowered by Moran Wealth Management LLC

Moran Wealth Management LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOG) by 4.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,884 shares of the information services provider’s stock after selling 3,084 shares during the period. Alphabet accounts for about 0.7% of Moran Wealth Management LLC’s investment portfolio, making the stock its 28th biggest holding. Moran Wealth Management LLC’s holdings in Alphabet were worth $26,105,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Imprint Wealth LLC acquired a new position in shares of Alphabet in the 3rd quarter worth approximately $31,000. Nvest Wealth Strategies Inc. acquired a new stake in shares of Alphabet during the 4th quarter valued at approximately $38,000. Lifetime Wealth Management P.C. acquired a new stake in shares of Alphabet during the 4th quarter valued at approximately $38,000. Bard Associates Inc. bought a new position in Alphabet during the fourth quarter worth $41,000. Finally, Towne Trust Company N.A boosted its holdings in 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 purchasing an additional 34 shares during the period. 27.26% of the stock is owned by institutional investors.

Alphabet Price Performance

Shares of GOOG opened at $338.20 on Friday. Alphabet Inc. has a one year low of $200.40 and a one year high of $404.47. The stock’s fifty day moving average is $350.67 and its 200-day moving average is $339.72. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The firm has a market capitalization of $4.14 trillion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 0.96 and a beta of 1.23.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate of $2.87 by $6.24. The business had revenue of $119.80 billion during the quarter, compared to the consensus estimate 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 in the prior year, the company posted $2.31 earnings per share. Equities analysts anticipate that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Announces Dividend

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

Analyst Ratings Changes

GOOG has been the subject of several recent research reports. Raymond James Financial reiterated a “strong-buy” rating on shares of Alphabet in a research note on Thursday, July 23rd. DZ Bank upgraded shares of Alphabet to a “strong-buy” rating in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a report on Friday, July 17th. Piper Sandler reaffirmed an “overweight” rating and set a $395.00 price objective (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Morgan Stanley dropped their price objective on shares of 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 issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Alphabet has a consensus rating of “Buy” and a consensus target price of $415.55.

Alphabet News Summary

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

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 8,998 shares of the business’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 transaction 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. The trade was a 10.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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. In the last 90 days, insiders sold 451,945 shares of company stock valued at $12,382,714. 12.99% of the stock is currently owned by 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.