Sacks & Associates LLC Invests $1.39 Million in Alphabet Inc. $GOOG

Sacks & Associates LLC bought a new position in Alphabet Inc. (NASDAQ:GOOG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,882 shares of the information services provider’s stock, valued at approximately $1,385,000. Alphabet accounts for about 0.9% of Sacks & Associates LLC’s holdings, making the stock its 19th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nvest Wealth Strategies Inc. purchased a new position in shares of Alphabet in the fourth quarter valued at about $38,000. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet during the fourth quarter valued at 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. purchased a new stake in shares of Alphabet during the fourth quarter worth about $41,000. Finally, Towne Trust Company N.A grew 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 purchasing an additional 34 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway’s major investment: Berkshire increased its Alphabet position by 83%, adding roughly 48 million shares worth about $17 billion. Warren Buffett said he initiated the investment, providing a high-profile endorsement of Alphabet’s valuation, search resilience and rapidly growing Google Cloud business. Berkshire Hathaway Boosted Its Alphabet Stake 83%
• Positive Sentiment: AI and cloud expansion: Analysts and investors continue to highlight Alphabet’s strong AI position, including Gemini adoption, custom TPU potential and Google Cloud growth. Alphabet is also reportedly hosting Anthropic workloads, linking the company to demand for frontier AI infrastructure. Alphabet External TPU Sales Are A Likely Game Changer
• Positive Sentiment: Spirit Airlines data acquisition: Google won a $10 million bankruptcy auction for anonymized Spirit Airlines business records and software to support product development and AI training. The deal is small financially but illustrates Alphabet’s efforts to secure specialized datasets, with customer personal information reportedly excluded. Google to buy Spirit Airlines business data for $10 million
• Neutral Sentiment: Portfolio signals are divided: Several major funds, including David Tepper and other prominent managers, reported Alphabet purchases, but Bill Ackman, Viking Global and Altarock Partners also reduced or exited positions. Because 13F filings are backward-looking, they may influence sentiment without signaling current trading decisions. Hedge Funds Are Divided on MSFT and GOOGL
• Negative Sentiment: Investor-law-firm investigation: Pomerantz LLP announced an investigation into potential claims on behalf of Alphabet investors. The notice does not establish wrongdoing, but it adds headline and litigation risk. Pomerantz Investor Alert
• Negative Sentiment: Higher AI spending and debt: Alphabet is increasing bond issuance to fund data centers and AI infrastructure. The investment may support long-term growth, but heavier borrowing, supply commitments and concerns about an eventual AI-capex slowdown could pressure near-term sentiment. AI’s Half-Trillion-Dollar Borrowing Binge
• Negative Sentiment: China manufacturing exit: Google plans to complete its China manufacturing withdrawal by 2027, shifting Pixel production to Vietnam and India. The move may reduce geopolitical exposure but could create transition costs and supply-chain uncertainty. Alphabet Stock Dips as Google Plans China Manufacturing Exit

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Cantor Fitzgerald restated an “overweight” rating and set a $420.00 price target (down from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Wolfe Research set a $460.00 price objective on Alphabet in a report on Thursday, July 23rd. DZ Bank upgraded Alphabet to a “strong-buy” rating in a research report on Thursday, July 23rd. Freedom Capital raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Finally, Oppenheimer restated an “outperform” rating and set a $400.00 target price (down from $445.00) on shares of Alphabet in a report on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $415.55.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $341.28 on Wednesday. Alphabet Inc. has a 1 year low of $197.46 and a 1 year high of $404.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The company’s 50-day moving average is $351.27 and its 200 day moving average is $339.70. The stock has a market capitalization of $4.17 trillion, a P/E ratio of 17.14, a P/E/G ratio of 0.96 and a beta of 1.23.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 EPS 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 analyst estimates of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Alphabet’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period last year, the business posted $2.31 earnings per share. On average, sell-side analysts expect that Alphabet Inc. will post 20.51 earnings per share for the current year.

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 of this dividend is Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is currently 4.42%.

Insider Transactions at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction that occurred 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 completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 451,945 shares of company stock worth $12,382,714 over the last 90 days. 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.