Alphabet Inc. $GOOG is Avity Investment Management Inc.’s 5th Largest Position

Avity Investment Management Inc. decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 178,489 shares of the information services provider’s stock after selling 5,908 shares during the quarter. Alphabet makes up about 4.0% of Avity Investment Management Inc.’s holdings, making the stock its 5th biggest holding. Avity Investment Management Inc.’s holdings in Alphabet were worth $63,066,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Providence Wealth Advisors LLC lifted its position in Alphabet by 0.3% in the first quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider’s stock valued at $3,094,000 after buying an additional 29 shares during the last quarter. One Charles Private Wealth Services LLC boosted its stake in Alphabet by 0.6% during the first quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider’s stock worth $1,390,000 after buying an additional 29 shares during the period. Wisconsin Wealth Advisors LLC increased its position in shares of Alphabet by 1.3% during the second quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider’s stock valued at $785,000 after acquiring an additional 29 shares during the last quarter. Ring Mountain Capital LLC raised its stake in shares of Alphabet by 0.9% in the 4th quarter. Ring Mountain Capital LLC now owns 3,554 shares of the information services provider’s stock valued at $1,174,000 after acquiring an additional 30 shares during the period. Finally, Cannon Financial Strategists Inc. raised its stake in shares of Alphabet by 1.9% in the 4th quarter. Cannon Financial Strategists Inc. now owns 1,589 shares of the information services provider’s stock valued at $499,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG stock opened at $353.47 on Friday. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 52 week low of $197.46 and a 52 week high of $404.47. The stock has a market capitalization 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 firm has a 50 day moving average of $353.94 and a two-hundred day moving average of $338.96.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.31 earnings per share. On average, research analysts predict that Alphabet Inc. will post 20.51 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. Investors of record on Monday, September 7th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s payout ratio is presently 4.42%.

Insider Buying and Selling

In other news, insider John Kent Walker sold 8,998 shares of Alphabet 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 completion of the transaction, the insider owned 75,290 shares in the company, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 stock was sold at an average price of $18.90, for a total value of $2,232,808.20. The SEC filing for this sale provides additional information. Insiders have sold 600,547 shares of company stock worth $16,255,540 in the last quarter. Company insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $475.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. Raymond James Financial reissued a “strong-buy” rating on shares of Alphabet in a research report on Thursday, July 23rd. KeyCorp set a $445.00 price target on Alphabet in a research note on Friday, July 10th. Truist Financial lowered their price target on Alphabet from $430.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Alphabet in a research note on Wednesday, July 22nd. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Alphabet currently has a consensus rating of “Buy” and an average target price of $410.09.

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

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.