BOK Financial Private Wealth Inc. Sells 1,884 Shares of Alphabet Inc. $GOOG

BOK Financial Private Wealth Inc. cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 56.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,474 shares of the information services provider’s stock after selling 1,884 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in Alphabet were worth $521,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of GOOG. Nvest Wealth Strategies Inc. purchased a new stake in shares of Alphabet during the fourth quarter worth $38,000. Lifetime Wealth Management P.C. purchased a new position in shares of Alphabet in the fourth quarter valued at $38,000. Imprint Wealth LLC bought a new stake in shares of Alphabet during the 3rd quarter valued at $31,000. Bard Associates Inc. bought a new stake in shares of Alphabet during the 4th quarter valued at $41,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in Alphabet during the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Price Performance

GOOG stock opened at $343.34 on Wednesday. The firm has a 50 day simple moving average of $349.34 and a two-hundred day simple moving average of $339.79. The stock has a market cap of $4.20 trillion, a PE ratio of 17.24, a P/E/G ratio of 0.97 and a beta of 1.23. Alphabet Inc. has a one year low of $206.39 and a one 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.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, beating the consensus estimate of $2.87 by $6.24. The firm had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the company posted $2.31 EPS. On average, analysts predict that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared 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. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet’s dividend payout ratio (DPR) is presently 4.42%.

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction on Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the transaction, the director owned 1,481 shares in the company, valued at $545,941.03. This trade represents a 41.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 451,945 shares of company stock valued at $12,382,714. 12.99% of the stock is owned by insiders.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Enterprise AI expansion: Google launched Gemini Enterprise solutions for financial-services companies and law firms, including specialized agents, workflow tools, data connectors and third-party integrations. The products could support Google Cloud growth and deepen Alphabet’s competition with Microsoft, OpenAI and Anthropic in high-value enterprise markets. Google expands Gemini AI platform for law firms and lawyers
• Positive Sentiment: Waymo moves into Europe: Alphabet’s autonomous-driving unit will begin testing vehicles in Munich and plans to launch commercial driverless rides in Germany in 2027. Germany would be Waymo’s first European market and its third international market, expanding a potential long-term growth business. Waymo to launch driverless rides in Germany in 2027
• Positive Sentiment: AI infrastructure optimism: Reports that Google’s TPU shipments could nearly triple to 8.8 million by 2027 reinforce expectations that Alphabet can reduce reliance on Nvidia and potentially expand Google Cloud’s AI capacity and margins. Analysts and investment commentary also highlighted strong Cloud growth, improving profitability and continued Search and YouTube momentum. Google TPU volume could triple to 8.8 million by 2027
• Neutral Sentiment: Mixed market signals: U.S. consumer-confidence and new-home-sales misses pressured the broader market, while reports of billionaire and institutional interest in Alphabet provided a counterweight. A reported increase in short interest was not meaningful because the filing showed zero shares in both periods.
• Negative Sentiment: Investor investigation: Pomerantz LLP said it is investigating potential claims on behalf of Alphabet investors. The notice provided no substantive allegations, but securities-law investigations can add headline and litigation risk. Pomerantz investor alert
• Negative Sentiment: Capital-allocation concerns: Commentary flagged potentially negative free cash flow as Alphabet spends heavily on AI infrastructure. Separately, Virginia Retirement Systems reportedly reduced its GOOGL position by about 33%, an isolated institutional-selling signal that may weigh on sentiment.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GOOG shares. Pivotal Research lifted their target price on Alphabet from $470.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Barclays reissued an “overweight” rating and issued a $425.00 price target (up from $405.00) on shares of Alphabet in a report on Thursday, July 23rd. Wedbush began coverage on shares of Alphabet in a research note on Thursday, July 16th. They set an “outperform” rating and a $445.00 price objective for the company. Morgan Stanley decreased their target price on shares of Alphabet from $415.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Finally, Oppenheimer reiterated an “outperform” rating and issued a $400.00 target price (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and a consensus price target of $415.55.

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.