Security National Bank of SO Dak Sells 1,676 Shares of Alphabet Inc. $GOOG

Security National Bank of SO Dak trimmed its position in Alphabet Inc. (NASDAQ:GOOG) by 39.0% in the second quarter, HoldingsChannel.com reports. The firm owned 2,617 shares of the information services provider’s stock after selling 1,676 shares during the period. Security National Bank of SO Dak’s holdings in Alphabet were worth $925,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GOOG. Wellington Altus USA Inc. boosted its stake in shares of Alphabet by 0.7% in the 2nd quarter. Wellington Altus USA Inc. now owns 4,332 shares of the information services provider’s stock valued at $1,531,000 after purchasing an additional 32 shares in the last quarter. Anchor Investment Management LLC lifted its holdings in Alphabet by 11.9% during the 2nd quarter. Anchor Investment Management LLC now owns 100,052 shares of the information services provider’s stock valued at $35,351,000 after purchasing an additional 10,617 shares during the last quarter. Reynders McVeigh Capital Management LLC boosted its position in Alphabet by 1.3% in the second quarter. Reynders McVeigh Capital Management LLC now owns 159,384 shares of the information services provider’s stock valued at $56,315,000 after buying an additional 2,108 shares in the last quarter. Cherry Tree Wealth Management LLC grew its stake in Alphabet by 1.3% during the second quarter. Cherry Tree Wealth Management LLC now owns 2,541 shares of the information services provider’s stock worth $898,000 after buying an additional 33 shares during the last quarter. Finally, Bullseye Investment Management LLC acquired a new stake in shares of Alphabet during the second quarter worth approximately $512,000. 27.26% of the stock is owned by institutional investors.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Antitrust ruling removes breakup risk: A federal judge declined to force Google to sell or separate its ad-tech businesses. Although Alphabet must share more auction data, improve interoperability, and appoint an antitrust compliance monitor, investors generally viewed the remedies as less severe than a breakup. Google should appoint antitrust compliance officer
• Positive Sentiment: Analysts see improving search and AI momentum: Evercore raised its price target to $450, citing a recovering search business and gains for Gemini against competing AI tools. Analysts also point to Google Cloud’s strong growth, a $514 billion backlog, and rising enterprise AI adoption. Alphabet stock jumps as Wall Street raises targets
• Positive Sentiment: Waymo expands internationally: Alphabet’s autonomous-driving unit plans to launch all-electric robotaxi service in Singapore by 2028, marking its first Southeast Asian market and reinforcing the longer-term value of Alphabet’s non-search businesses. Waymo to bring autonomous ride-hailing to Singapore
• Positive Sentiment: AI chips are becoming a revenue stream: Alphabet began recognizing revenue from sales of its custom AI chip systems in the second quarter. A $22 billion financing arrangement for the Crux AI TPU buildout could support further chip deployment and cloud growth. 2 Stocks to Buy as Google Starts Selling Its AI Chips
• Neutral Sentiment: Options activity signals bullish positioning: Investors purchased more than 212,000 Alphabet call options, above typical daily volume, suggesting increased speculative interest but not guaranteeing further gains.
• Negative Sentiment: Regulatory oversight and AI spending remain risks: The ad-tech remedies could constrain business practices for years, while heavy AI infrastructure investment is pressuring free cash flow. California’s new AI-related executive order may also add compliance uncertainty.

Alphabet Trading Up 0.2%

Shares of GOOG traded up $0.73 on Friday, reaching $344.41. 34,036,212 shares of the company’s stock were exchanged, compared to its average volume of 20,721,523. The business has a 50 day moving average price of $343.30 and a two-hundred day moving average price of $342.75. Alphabet Inc. has a 12 month low of $236.68 and a 12 month high of $404.47. The stock has a market capitalization of $4.21 trillion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 0.98 and a beta of 1.21. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG) last released 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. The firm had revenue of $119.80 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.31 EPS. Research analysts anticipate that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s payout ratio is 4.42%.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of research analyst reports. Piper Sandler restated an “overweight” rating and set a $395.00 price target (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Zacks Research cut Alphabet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Phillip Securities raised Alphabet from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 27th. Roth Capital increased their price objective on shares of Alphabet from $435.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research report on Friday, July 17th. Six analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $415.55.

Insider Activity at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 450,875 shares of company stock worth $11,984,482. 12.99% of the stock is owned by insiders.

Alphabet Profile

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.