Greenleaf Trust Sells 17,962 Shares of Alphabet Inc. $GOOG

Greenleaf Trust lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 5.8% during the second quarter, Holdings Channel reports. The institutional investor owned 292,794 shares of the information services provider’s stock after selling 17,962 shares during the quarter. Alphabet comprises about 1.0% of Greenleaf Trust’s investment portfolio, making the stock its 12th biggest position. Greenleaf Trust’s holdings in Alphabet were worth $103,453,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of Alphabet by 1.0% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider’s stock worth $86,596,000 after buying an additional 2,850 shares in the last quarter. Heck Capital Advisors LLC lifted its position in shares of Alphabet by 298.2% during the 2nd quarter. Heck Capital Advisors LLC now owns 22,229 shares of the information services provider’s stock worth $7,854,000 after buying an additional 16,647 shares during the period. Violich Capital Management Inc. boosted its stake in Alphabet by 1.0% in the 4th quarter. Violich Capital Management Inc. now owns 340,776 shares of the information services provider’s stock valued at $106,936,000 after buying an additional 3,378 shares in the last quarter. Montchanin Asset Management LLC acquired a new stake in Alphabet in the 1st quarter valued at $7,075,000. Finally, Sax Wealth Advisors LLC grew its position in Alphabet by 13.3% in the second quarter. Sax Wealth Advisors LLC now owns 30,489 shares of the information services provider’s stock valued at $10,773,000 after acquiring an additional 3,575 shares during the period. Institutional investors own 27.26% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: A federal judge rejected the U.S. Justice Department’s request to force Google to sell its AdX advertising exchange. The ruling removes the most severe breakup risk, although Google must make operational changes to address antitrust concerns. This was the clearest immediate catalyst for Alphabet’s strength. Google defeats US bid to force ad tech sale
• Positive Sentiment: Google launched or prepared to launch Gemini 3.8 Flash, a model designed to improve coding and cybersecurity capabilities. Investors view the release as evidence that Alphabet is narrowing the gap with OpenAI and Anthropic in enterprise AI. Google launches Gemini 3.8 Flash
• Positive Sentiment: Recent reports continue to highlight strong AI demand, cloud revenue growth and expanding infrastructure investment. Alphabet’s latest reported quarter showed 24.2% year-over-year revenue growth and a substantial earnings beat, supporting the view that Cloud and AI can offset pressure on the core advertising business. Alphabet reports strong growth fueled by AI demand and cloud revenue
• Positive Sentiment: Berkshire Hathaway CEO Greg Abel described Alphabet as a significant AI player and explained Berkshire’s decision to make it one of its largest holdings. The endorsement may strengthen investor confidence in Alphabet’s long-term AI strategy. Berkshire CEO discusses Alphabet stake
• Positive Sentiment: Alphabet agreed to purchase roughly 396 megawatts of enhanced-geothermal power from Fervo Energy for a planned Utah data center, with potential expansion toward 1 gigawatt. The agreement supports reliable, lower-carbon electricity for AI infrastructure. Google buys geothermal power from Fervo
• Neutral Sentiment: Waymo expanded paid robotaxi service to Denver, San Diego and Tampa, bringing operations to 14 U.S. cities. The move offers longer-term optionality but is unlikely to materially affect near-term Alphabet earnings. Waymo expands robotaxi service
• Negative Sentiment: The antitrust ruling still found illegal conduct and requires changes to Google’s digital advertising operations, leaving potential compliance costs and future regulatory risk. Judge orders changes to Google ad business
• Negative Sentiment: Analysts and technical commentators warn that GOOG is approaching bear-market territory and testing important support near $323. Concerns about elevated AI capital spending, margin pressure and increasingly intense competition in search advertising could limit further gains.

Alphabet Stock Up 0.5%

NASDAQ GOOG opened at $333.78 on Thursday. The stock has a market capitalization of $4.08 trillion, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 0.96 and a beta of 1.21. Alphabet Inc. has a 52 week low of $225.12 and a 52 week high of $404.47. 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 stock has a fifty day moving average of $347.01 and a 200-day moving average of $340.52.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 51.32% and a net margin of 54.77%.The firm’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.31 earnings per share. On average, equities research analysts forecast that Alphabet Inc. will post 20.5 EPS for the current year.

Alphabet Dividend Announcement

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

Analyst Ratings Changes

Several research firms have issued reports on GOOG. Royal Bank Of Canada reiterated a “buy” rating and set a $475.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. Pivotal Research boosted their target price on shares of Alphabet from $470.00 to $475.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Zacks Research lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. The Goldman Sachs Group reiterated a “buy” rating and set a $450.00 target price on shares of Alphabet in a research report on Thursday, May 21st. Finally, KeyCorp set a $445.00 price target on shares of Alphabet in a report on Friday, July 10th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $415.55.

Insider Buying and Selling at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. The trade was a 1.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 directly owned 75,290 shares of the company’s stock, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 451,925 shares of company stock worth $12,371,544 over the last quarter. Company insiders own 12.99% of the company’s stock.

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.