Occidental Asset Management LLC Purchases 2,763 Shares of Alphabet Inc. $GOOG

Occidental Asset Management LLC grew its position in Alphabet Inc. (NASDAQ:GOOG) by 4.6% during the second quarter, HoldingsChannel.com reports. The firm owned 63,241 shares of the information services provider’s stock after buying an additional 2,763 shares during the quarter. Alphabet accounts for approximately 2.2% of Occidental Asset Management LLC’s investment portfolio, making the stock its 6th biggest holding. Occidental Asset Management LLC’s holdings in Alphabet were worth $22,345,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of GOOG. Imprint Wealth LLC acquired a new stake in Alphabet in the 3rd quarter valued at approximately $31,000. Nvest Wealth Strategies Inc. acquired a new position in Alphabet during the 4th quarter worth approximately $38,000. Lifetime Wealth Management P.C. acquired a new position in Alphabet during the 4th quarter worth approximately $38,000. Bard Associates Inc. bought a new position in shares of Alphabet during the 4th quarter worth approximately $41,000. Finally, Commonwealth Retirement Investments LLC bought a new position in shares of Alphabet during the 4th quarter worth approximately $45,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI infrastructure expansion: Alphabet’s expanded custom-silicon relationship with Marvell covers components connected to Google’s TPU ecosystem, including inference accelerators, networking, storage, and memory products. The agreement gives Alphabet more supply-chain flexibility and supports continued AI capacity growth, although it may increase dependence on multiple chip partners. Jensen Huang Thinks This Chip Stock Could Hit $1 Trillion
• Positive Sentiment: Waymo growth: Alphabet’s autonomous-driving unit received approval to operate thousands of robotaxis in Nevada and has expanded its lower-cost next-generation vehicles to riders in Los Angeles, Phoenix, and San Francisco. Waymo also introduced a custom AI chip designed to reduce reliance on Nvidia and AMD, potentially improving long-term economics. Robotaxi Permits in Nevada
• Positive Sentiment: Investor and analyst support: Berkshire Hathaway significantly increased its Alphabet position, reinforcing the view that the company fits a value-oriented investment strategy. Rosenblatt initiated coverage with a “Buy” rating, while analysts continue to point to resilient Search, fast-growing Cloud, and strong earnings momentum. Berkshire’s Alphabet Investment
• Neutral Sentiment: DeepMind leadership transition: Nobel Prize-winning co-founder Demis Hassabis is moving from day-to-day management to chairman and chief scientist roles, while Koray Kavukcuoglu will oversee operations. The change could improve Alphabet-wide AI coordination, but investors may monitor execution and retention risks. DeepMind Leadership Change
• Negative Sentiment: Firebase enforcement risk: Indian authorities directed Google to remove hundreds of Firebase accounts allegedly used in bank impersonation scams. The action could increase compliance costs and renew concerns about misuse of Alphabet’s platforms. India Orders Removal of Firebase Accounts

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GOOG shares. Wolfe Research set a $460.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $420.00 target price (down from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. HSBC set a $515.00 target price on shares of Alphabet in a research report on Friday, August 14th. Rosenblatt Securities began coverage on shares of Alphabet in a research note on Thursday. They issued a “buy” rating on the stock. Finally, TD Cowen reissued a “buy” rating and set a $475.00 price target on shares of Alphabet in a research report on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $415.55.

Alphabet Price Performance

NASDAQ:GOOG opened at $341.75 on Monday. The firm has a market capitalization of $4.18 trillion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 0.96 and a beta of 1.23. Alphabet Inc. has a twelve month low of $202.13 and a twelve month high of $404.47. The stock’s 50 day moving average price is $350.34 and its two-hundred day moving average price is $339.69. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.87 by $6.24. The company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.31 EPS. Equities research analysts expect that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company 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 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s dividend payout ratio is 4.42%.

Insider Activity

In other Alphabet news, insider John Kent Walker sold 8,998 shares of the 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 owned 75,290 shares in the company, valued at $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction dated 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 directly owned 27,386 shares of the company’s stock, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 451,945 shares of company stock valued at $12,382,714. 12.99% of the stock is owned by insiders.

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.