Alphabet Inc. $GOOG Shares Acquired by Fulton Bank N.A.

Fulton Bank N.A. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 14.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,200 shares of the information services provider’s stock after buying an additional 9,828 shares during the quarter. Alphabet makes up about 0.8% of Fulton Bank N.A.’s investment portfolio, making the stock its 28th largest holding. Fulton Bank N.A.’s holdings in Alphabet were worth $27,277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in GOOG. Imprint Wealth LLC acquired a new position in shares of Alphabet during the third quarter worth approximately $31,000. Nvest Wealth Strategies Inc. acquired a new stake in Alphabet in the 4th quarter valued at approximately $38,000. Lifetime Wealth Management P.C. acquired a new stake in Alphabet in the 4th quarter valued at approximately $38,000. Bard Associates Inc. bought a new stake in Alphabet during the 4th quarter valued at $41,000. Finally, Towne Trust Company N.A boosted its position in Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after acquiring an additional 34 shares during the period. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG opened at $355.84 on Tuesday. The company has a 50-day moving average of $353.61 and a two-hundred day moving average of $339.25. The stock has a market cap of $4.35 trillion, a price-to-earnings ratio of 17.87, a PEG ratio of 0.99 and a beta of 1.23. 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 Inc. has a one year low of $197.46 and a one year high of $404.47.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, July 23rd. 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 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 business’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.31 earnings per share. On average, equities research analysts expect that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

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 issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, September 4th. Alphabet’s payout ratio is 4.42%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Strong AI investment and cloud growth: Alphabet’s Google Cloud business reportedly delivered 82% year-over-year revenue growth, while its contracted backlog reached approximately $514 billion. The company’s planned capital spending of about $205 billion in 2026 signals substantial expected demand for AI infrastructure and cloud services. Alphabet’s Cloud Computing Business Just Posted 82% Revenue Growth
• Positive Sentiment: Institutional buying and bullish targets: Migdal Insurance added an estimated 693,726 GOOG shares, increasing its position by roughly 45%. Berkshire Hathaway’s previously disclosed multibillion-dollar Alphabet investment continues to be viewed as a vote of confidence in Alphabet’s long-term AI strategy. Recent analyst coverage remains broadly positive, with a median price target of approximately $422.50. Migdal Insurance Fund Update
• Positive Sentiment: Debt offering supports expansion: Alphabet completed a $25 billion, multi-maturity debt offering. The proceeds provide additional financial flexibility for data centers, AI infrastructure and other corporate needs, complementing its strong operating cash generation. Alphabet Completes $25 Billion Multi-Maturity Debt Offering
• Neutral Sentiment: New Google Play payment option: Google Play is adding Venmo for purchases of apps, games and digital content. The move could improve payment convenience and engagement but is unlikely to materially affect Alphabet’s near-term financial results. Google Play Adds Venmo as a Payment Option
• Negative Sentiment: AI leadership concerns: Analysts warn that high-profile departures from DeepMind could weaken Alphabet’s AI execution and competitive position, contributing to recent volatility and skepticism about the company’s ability to convert heavy spending into returns. Analyst Warns Alphabet Faces Two Major AI Problems
• Negative Sentiment: Mixed fund flows and insider selling: Great Lakes Advisors cut its GOOG position by approximately 536,022 shares, or 44%. Separately, reported Alphabet insiders made no open-market purchases and completed 96 sales over the past six months. These transactions may reinforce concerns about valuation or near-term upside, though they are not necessarily fundamental signals.
• Negative Sentiment: Financing and concentration risks: Critics question whether rapidly expanding AI infrastructure spending can generate adequate returns, particularly as a large portion of projected cloud revenue may depend on unprofitable AI customers. The new debt issuance adds funding capacity but also modestly increases leverage.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a report on Friday, July 17th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Alphabet in a report on Thursday, May 21st. Citigroup reissued a “market outperform” rating on shares of Alphabet in a research note on Wednesday, July 22nd. UBS Group restated a “neutral” rating and set a $379.00 price target (down from $400.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Barclays reaffirmed an “overweight” rating and issued a $425.00 price target (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $410.09.

Insider Buying and Selling

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were 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 owned 27,386 shares of the company’s stock, valued at $9,125,015.20. The trade was a 1.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the transaction, the insider owned 75,290 shares in the company, valued at $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 600,547 shares of company stock worth $16,255,540 over the last ninety days. Company insiders own 12.99% of the company’s stock.

About Alphabet

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.