Sax Wealth Advisors LLC Buys 3,575 Shares of Alphabet Inc. $GOOG

Sax Wealth Advisors LLC grew its stake in Alphabet Inc. (NASDAQ:GOOG) by 13.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,489 shares of the information services provider’s stock after acquiring an additional 3,575 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Alphabet were worth $10,773,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in GOOG. Cardano Risk Management B.V. lifted its position in shares of Alphabet by 1.4% during the second quarter. Cardano Risk Management B.V. now owns 1,876,532 shares of the information services provider’s stock valued at $663,035,000 after buying an additional 26,070 shares during the last quarter. Everpar Advisors LLC raised its stake in shares of Alphabet by 14.1% during the 2nd quarter. Everpar Advisors LLC now owns 19,797 shares of the information services provider’s stock worth $6,995,000 after acquiring an additional 2,447 shares in the last quarter. Chemistry Wealth Management LLC raised its stake in shares of Alphabet by 4.6% during the 2nd quarter. Chemistry Wealth Management LLC now owns 111,444 shares of the information services provider’s stock worth $39,376,000 after acquiring an additional 4,950 shares in the last quarter. Adamsbrown Wealth Consultants LLC lifted its position in Alphabet by 61.7% during the second quarter. Adamsbrown Wealth Consultants LLC now owns 3,772 shares of the information services provider’s stock valued at $1,333,000 after acquiring an additional 1,439 shares during the last quarter. Finally, West Financial Advisors LLC lifted its position in Alphabet by 23.6% during the second quarter. West Financial Advisors LLC now owns 523 shares of the information services provider’s stock valued at $185,000 after acquiring an additional 100 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 8,998 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $26,298,044.10. This represents 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 accessible through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 600,547 shares of company stock worth $16,255,540. 12.99% of the stock is owned by insiders.

More Alphabet News

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

Alphabet Stock Down 0.9%

NASDAQ:GOOG opened at $353.47 on Friday. 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 Inc. has a twelve month low of $197.46 and a twelve month high of $404.47. The company has a market cap of $4.32 trillion, a PE ratio of 17.75, a P/E/G ratio of 0.99 and a beta of 1.23. The company’s 50 day moving average is $353.94 and its two-hundred day moving average is $338.96.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $116.53 billion. During the same quarter last year, the company posted $2.31 earnings per share. The business’s quarterly revenue was up 24.2% on a year-over-year basis. Analysts anticipate that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors 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 0.2%. Alphabet’s dividend payout ratio (DPR) is 4.42%.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several analyst reports. Truist Financial cut their price target on shares of Alphabet from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Phillip Securities upgraded Alphabet from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 27th. Zacks Research cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Cantor Fitzgerald restated an “overweight” rating and set a $420.00 target price (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Morgan Stanley dropped 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, twenty-nine have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $410.09.

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.