Alphabet Inc. $GOOG is Suncoast Equity Management’s 3rd Largest Position

Suncoast Equity Management reduced its stake in Alphabet Inc. (NASDAQ:GOOG) by 19.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 138,777 shares of the information services provider’s stock after selling 32,760 shares during the period. Alphabet makes up 6.1% of Suncoast Equity Management’s portfolio, making the stock its 3rd largest holding. Suncoast Equity Management’s holdings in Alphabet were worth $49,034,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of GOOG. Choreo LLC boosted its holdings in shares of Alphabet by 1.2% during the 2nd quarter. Choreo LLC now owns 215,763 shares of the information services provider’s stock valued at $76,205,000 after purchasing an additional 2,541 shares during the last quarter. Symphony Financial Ltd. Co. increased its holdings in shares of Alphabet by 5.1% in the second quarter. Symphony Financial Ltd. Co. now owns 32,387 shares of the information services provider’s stock worth $11,384,000 after purchasing an additional 1,574 shares during the last quarter. Archer Investment Corp increased its holdings in shares of Alphabet by 5.5% in the second quarter. Archer Investment Corp now owns 2,280 shares of the information services provider’s stock worth $806,000 after purchasing an additional 119 shares during the last quarter. DSM Capital Partners LLC lifted its position in shares of Alphabet by 113.2% in the second quarter. DSM Capital Partners LLC now owns 1,529 shares of the information services provider’s stock worth $540,000 after buying an additional 812 shares in the last quarter. Finally, Eagle Bay Advisors LLC lifted its position in shares of Alphabet by 3.7% in the second quarter. Eagle Bay Advisors LLC now owns 9,272 shares of the information services provider’s stock worth $3,276,000 after buying an additional 333 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway significantly increased its Alphabet position. Berkshire owned approximately 106 million shares worth $37.9 billion at the end of June after raising its stake by 83% during the second quarter. Alphabet is now Berkshire’s third-largest U.S.-listed equity holding, a notable vote of confidence under CEO Greg Abel. Berkshire Hathaway boosts Alphabet to a top three holding
• Positive Sentiment: Digital advertising estimates improved. July advertiser spending exceeded consensus expectations, supporting the outlook for Alphabet’s core advertising business. Alphabet also launched Gemini 3.7 Flash for coding and automated business workflows, potentially expanding monetization opportunities in enterprise AI. Internet stock advertising estimate revisions
• Positive Sentiment: Alphabet’s SpaceX investment has become a major unrealized asset. The company disclosed that its roughly $900 million investment in SpaceX is now worth about $94 billion, highlighting the value of Alphabet’s venture portfolio, although the gain does not directly represent operating revenue or cash flow. Alphabet’s SpaceX bet grows 100-fold
• Positive Sentiment: Other institutions also added exposure. UniSuper increased its GOOG and GOOGL holdings, while several major funds reported purchases, reinforcing the perception that Alphabet remains attractively valued after its recent pullback.
• Neutral Sentiment: Google expanded Gemini access in schools and introduced tools allowing users to remove visible watermarks from AI-generated content while retaining invisible SynthID protections. These moves could improve adoption but have uncertain near-term financial effects. Google turns on Gemini AI for students
• Negative Sentiment: Gemini lost chatbot-visit share to ChatGPT in July. Although Gemini surpassed one billion monthly active users, its share of chatbot visits fell to 28.8%, raising concerns about competitive momentum in consumer AI.
• Negative Sentiment: AI investment is pressuring cash flow. Analysts continue to flag Alphabet’s very high data-center and chip spending, with some estimates showing weaker free-cash-flow generation than Microsoft and Meta in 2027.
• Negative Sentiment: Several funds reduced Alphabet positions. Barclays, Franklin Resources, Magellan and other managers reported trimming GOOG or GOOGL holdings, partially offsetting Berkshire’s large purchase. Alphabet also faces reputational risk from a reported Google-ad phishing scam and a law-firm investigation of investor claims.

Insider Buying and Selling at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frances Arnold sold 82 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $333.39, for a total transaction of $27,337.98. Following the transaction, the director owned 18,914 shares in the company, valued at approximately $6,305,738.46. This represents a 0.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 451,945 shares of company stock worth $12,382,714 over the last quarter. 12.99% of the stock is currently owned by company insiders.

Alphabet Stock Performance

GOOG opened at $343.54 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The stock’s 50 day moving average price is $352.09 and its 200-day moving average price is $339.62. Alphabet Inc. has a one year low of $197.46 and a one year high of $404.47. The stock has a market cap of $4.20 trillion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 0.96 and a beta of 1.23.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $116.53 billion. During the same period in the prior year, the firm earned $2.31 EPS. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. On average, equities analysts forecast that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on GOOG shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $420.00 price objective (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Phillip Securities upgraded Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 27th. Wedbush began coverage on shares of Alphabet in a report on Thursday, July 16th. They issued an “outperform” rating and a $445.00 target price for the company. Royal Bank Of Canada restated a “buy” rating and issued a $475.00 price target on shares of Alphabet in a research report on Thursday, July 23rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $450.00 price target on shares of Alphabet in a research note on Thursday, May 21st. Six 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 data from MarketBeat.com, Alphabet currently has an average rating of “Buy” and a consensus target price 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.