Investor s Fiduciary Advisor Network LLC Decreases Holdings in Alphabet Inc. $GOOG

Investor s Fiduciary Advisor Network LLC decreased its stake in Alphabet Inc. (NASDAQ:GOOG) by 27.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,503 shares of the information services provider’s stock after selling 2,809 shares during the quarter. Alphabet makes up 0.9% of Investor s Fiduciary Advisor Network LLC’s holdings, making the stock its 27th biggest position. Investor s Fiduciary Advisor Network LLC’s holdings in Alphabet were worth $2,651,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Auto Owners Insurance Co boosted its holdings in Alphabet by 38,409.2% in the 4th quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock worth $5,643,262,000 after buying an additional 179,369,280 shares during the last quarter. J. Stern & Co. LLP increased its stake in Alphabet by 28,482.8% during the 4th quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock worth $35,174,429,000 after buying an additional 111,699,704 shares in the last quarter. Norges Bank acquired a new position in shares of Alphabet during the fourth quarter valued at approximately $18,093,665,000. Cardano Risk Management B.V. raised its holdings in shares of Alphabet by 850.3% during the fourth quarter. Cardano Risk Management B.V. now owns 17,692,600 shares of the information services provider’s stock valued at $5,551,938,000 after acquiring an additional 15,830,754 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Alphabet by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider’s stock valued at $24,240,469,000 after acquiring an additional 7,904,434 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GOOG. KeyCorp set a $445.00 price target on Alphabet in a research note on Friday, July 10th. Wedbush began coverage on Alphabet in a report on Thursday, July 16th. They issued an “outperform” rating and a $445.00 price objective on the stock. DA Davidson decreased their price objective on Alphabet from $375.00 to $350.00 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. Cantor Fitzgerald reaffirmed 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, Stifel Nicolaus set a $420.00 target price on shares of Alphabet in a report on Wednesday, May 20th. 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. According to data from MarketBeat.com, Alphabet has a consensus rating of “Buy” and an average price target of $415.55.

Alphabet Stock Performance

Shares of Alphabet stock opened at $335.31 on Tuesday. 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 stock’s 50 day simple moving average is $346.64 and its 200-day simple moving average is $341.18. The stock has a market cap of $4.10 trillion, a P/E ratio of 16.84, a P/E/G ratio of 0.97 and a beta of 1.21. Alphabet Inc. has a 1-year low of $232.38 and a 1-year high of $404.47.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $116.53 billion. During the same quarter last year, the firm earned $2.31 earnings per share. The business’s revenue for the quarter was up 24.2% on a year-over-year basis. Analysts predict that Alphabet Inc. will post 20.5 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet unveiled Gemini 3.8 Flash and its Fairwind program, developments that could strengthen its position in AI applications and increase monetization opportunities across Google’s ecosystem. Google Unveils Gemini 3.8 Flash and Fairwind Program
• Positive Sentiment: Commentary highlights Google Cloud’s growth reportedly running at roughly twice Azure’s rate while Alphabet trades at a lower valuation multiple, suggesting investors may be underestimating the company’s cloud and AI potential. Alphabet May Be the Mag 7 Stock Investors Are Underestimating
• Positive Sentiment: Reports say Berkshire Hathaway has accumulated a substantial Alphabet position, with Warren Buffett confirming he initiated the investment. The endorsement supports confidence in Alphabet’s long-term earnings power and valuation. Warren Buffett and Berkshire’s Alphabet Bet
• Positive Sentiment: Alphabet is also being presented as a potential “quiet winner” in the AI arms race, because its infrastructure, cloud business, and AI services could benefit even though it is not primarily a chip supplier. Alphabet as a Potential AI Arms-Race Winner
• Neutral Sentiment: Google is expanding an AI trial with Cathay Pacific to reduce aircraft contrails. The project reinforces Alphabet’s applied-AI capabilities but is unlikely to have a material near-term effect on revenue. Cathay Pacific and Google Expand AI Trials
• Negative Sentiment: Bill Ackman’s Pershing Square reportedly sold its entire Alphabet stake and bought Netflix instead, potentially weighing on sentiment. The report cited Alphabet’s aggressive AI infrastructure spending as a source of volatility. Bill Ackman Sells Alphabet Stock
• Negative Sentiment: Analysts see strong revenue growth but a more muted earnings outlook, while massive AI investment is pressuring returns on capital and could raise concerns about profitability and capital efficiency. Alphabet Offers Revenue Growth but Muted Earnings Outlook
• Negative Sentiment: A law firm announced a securities-fraud investigation on behalf of Alphabet shareholders. No wrongdoing has been established, but the announcement creates a potential legal and reputational overhang. Alphabet Shareholder Securities-Fraud Investigation

Insiders Place Their Bets

In other news, Director Frances Arnold sold 82 shares of Alphabet stock in a transaction on Friday, August 28th. The stock was sold at an average price of $337.71, for a total transaction of $27,692.22. Following the transaction, the director owned 18,995 shares in the company, valued at $6,414,801.45. The trade was a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The disclosure for this sale is available in the SEC filing. Insiders sold 451,925 shares of company stock valued at $12,371,544 in the last three months. 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.