Professional Advisory Services Inc. Sells 9,419 Shares of Alphabet Inc. $GOOG

Professional Advisory Services Inc. lessened its stake in Alphabet Inc. (NASDAQ:GOOG) by 7.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 113,672 shares of the information services provider’s stock after selling 9,419 shares during the quarter. Alphabet comprises 4.8% of Professional Advisory Services Inc.’s portfolio, making the stock its largest holding. Professional Advisory Services Inc.’s holdings in Alphabet were worth $40,164,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in GOOG. Puff Wealth Management LLC purchased a new stake in shares of Alphabet during the second quarter worth approximately $1,355,000. OFS Enterprise LLC raised its holdings in Alphabet by 1.4% in the second quarter. OFS Enterprise LLC now owns 2,786 shares of the information services provider’s stock valued at $985,000 after acquiring an additional 38 shares in the last quarter. LifeGoal Investments LLC lifted its stake in Alphabet by 5.4% in the second quarter. LifeGoal Investments LLC now owns 6,270 shares of the information services provider’s stock worth $2,215,000 after acquiring an additional 319 shares during the last quarter. Brave Asset Management Inc. lifted its stake in Alphabet by 0.7% in the second quarter. Brave Asset Management Inc. now owns 62,732 shares of the information services provider’s stock worth $22,165,000 after acquiring an additional 410 shares during the last quarter. Finally, Threadgill Financial LLC acquired a new position in Alphabet during the 2nd quarter worth approximately $287,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of Alphabet stock opened at $353.47 on Friday. The firm has a market capitalization of $4.32 trillion, a P/E ratio of 17.75, a P/E/G ratio of 1.00 and a beta of 1.23. Alphabet Inc. has a 52 week low of $197.46 and a 52 week high of $404.47. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average is $353.94 and its two-hundred day moving average is $338.96.

Alphabet (NASDAQ:GOOG) last released 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 company 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 firm’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter last year, the company earned $2.31 earnings per share. Research analysts forecast that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Dividend Announcement

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 given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s dividend payout ratio (DPR) is 4.42%.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 8,998 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the sale, the insider directly owned 75,290 shares of the company’s stock, valued at $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. The sale 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 company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 600,547 shares of company stock valued at $16,255,540 over the last quarter. 12.99% of the stock is owned by insiders.

Alphabet News Summary

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

Wall Street Analyst Weigh In

GOOG has been the topic of a number of recent analyst reports. Wolfe Research set a $460.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. DA Davidson decreased their price objective on shares of Alphabet from $375.00 to $350.00 and set a “neutral” rating for the company in a research report on Thursday, July 23rd. Raymond James Financial reiterated a “strong-buy” rating on shares of Alphabet in a research note on Thursday, July 23rd. KeyCorp set a $445.00 target price on Alphabet in a report on Friday, July 10th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $450.00 price target on shares of Alphabet in a research note on Thursday, May 21st. Six investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $410.09.

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.