6,541 Shares in Alphabet Inc. $GOOG Purchased by Tenet Wealth Partners LLC

Tenet Wealth Partners LLC purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,541 shares of the information services provider’s stock, valued at approximately $2,136,000. Alphabet accounts for 1.6% of Tenet Wealth Partners LLC’s holdings, making the stock its 13th biggest position.

Other hedge funds have also added to or reduced their stakes in the company. Markowski Investments purchased a new position in Alphabet in the second quarter valued at about $4,680,000. Old Mission Investment Co LLC bought a new position in shares of Alphabet during the 2nd quarter valued at approximately $3,133,000. Montgomery Financial Services LLC purchased a new stake in shares of Alphabet during the 2nd quarter worth approximately $887,000. OceanIQ Capital LLC bought a new stake in shares of Alphabet in the 2nd quarter worth approximately $1,822,000. Finally, Highland Investment Advisors LLC bought a new stake in shares of Alphabet in the 2nd quarter worth approximately $254,000. Institutional investors own 27.26% of the company’s stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Stable search traffic eases competitive concerns. Bank of America reportedly found no meaningful deterioration in Google’s web-traffic data, helping counter fears that AI search tools are taking share from Alphabet’s core search business. Bank of America Spots Reassuring Signal for Google Stock
• Positive Sentiment: Cloud and AI commercialization continue to expand. Google Cloud and Accenture are forming a unit with 1,000 engineers to help enterprises deploy Google’s AI products. Alphabet is also reportedly selling TPU systems directly to customers, potentially creating a new hardware revenue stream, while Google Cloud chief Thomas Kurian claimed the company’s AI-chip business is more than twice the size of its closest rival. Google Cloud and Accenture AI Unit
• Positive Sentiment: Energy and infrastructure access may support AI expansion. A $1.9 billion U.S. Energy Department loan to NextEra Energy will help revive an Iowa nuclear plant intended to supply power for Google, potentially improving Alphabet’s long-term access to reliable electricity for data centers. Google’s Revived Nuclear Power Plant Loan
• Neutral Sentiment: Investors remain divided over valuation and capital spending. Analysts and commentators view GOOG as attractively valued relative to cloud growth, but Alphabet’s massive AI-related capital expenditures are pressuring near-term free cash flow and contributing to volatility.
• Negative Sentiment: Project Braid data-center delays raise execution concerns. Alphabet and Blackstone’s AI-cloud venture reportedly faces delays at major data-center sites, highlighting the permitting, construction and power challenges slowing the broader AI buildout. Google and Blackstone Venture Faces Delays
• Negative Sentiment: EU search changes could hurt user experience and business economics. Google says modifications required under the Digital Markets Act will reduce search quality, favor intermediaries over local businesses and increase costs, while exposing Alphabet to continuing regulatory pressure. Google Warns of Lower-Quality European Search Results

Insider Buying and Selling at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kent Walker sold 8,998 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction 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. This trade represents a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 451,925 shares of company stock valued at $12,371,544 over the last ninety days. Insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GOOG. Piper Sandler reissued an “overweight” rating and set a $395.00 price objective (down from $445.00) on shares of Alphabet in a report on Thursday, July 23rd. TD Cowen reaffirmed a “buy” rating and set a $475.00 price target 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. JPMorgan Chase & Co. decreased their price objective on Alphabet from $460.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Finally, Zacks Research cut Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Six research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $415.55.

Alphabet Stock Performance

Alphabet stock opened at $335.38 on Wednesday. The firm’s fifty day moving average price is $346.28 and its 200-day moving average price is $341.40. Alphabet Inc. has a fifty-two week low of $233.38 and a fifty-two week high of $404.47. 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 has a market cap of $4.10 trillion, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 0.97 and a beta of 1.21.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $6.24. The firm had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.31 EPS. On average, equities research analysts expect that Alphabet Inc. will post 20.5 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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%.

About Alphabet

Alphabet Inc is a technology holding company best known as the parent company of Google. It was established in 2015 as part of a corporate restructuring intended to separate Google’s core internet businesses from a collection of other ventures. Google remains Alphabet’s largest business and serves users, advertisers, businesses and developers worldwide.

Google’s principal products and services include its internet search engine, online advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.