Alphabet Inc. $GOOG is Shepherd Financial Partners LLC’s 7th Largest Position

Shepherd Financial Partners LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 58,444 shares of the information services provider’s stock after selling 1,965 shares during the quarter. Alphabet makes up approximately 1.7% of Shepherd Financial Partners LLC’s portfolio, making the stock its 7th biggest position. Shepherd Financial Partners LLC’s holdings in Alphabet were worth $20,650,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Myecfo LLC increased its holdings in Alphabet by 3.9% in the second quarter. Myecfo LLC now owns 10,770 shares of the information services provider’s stock valued at $3,806,000 after buying an additional 400 shares during the last quarter. Crescent Grove Advisors LLC lifted its holdings in Alphabet by 24.7% during the 2nd quarter. Crescent Grove Advisors LLC now owns 6,977 shares of the information services provider’s stock worth $2,465,000 after buying an additional 1,383 shares during the last quarter. Kelman Lazarov Inc. lifted its holdings in Alphabet by 5.0% during the 2nd quarter. Kelman Lazarov Inc. now owns 4,316 shares of the information services provider’s stock worth $1,525,000 after buying an additional 204 shares during the last quarter. Consilio Wealth Advisors LLC boosted its position in shares of Alphabet by 62.3% during the 2nd quarter. Consilio Wealth Advisors LLC now owns 7,343 shares of the information services provider’s stock worth $2,594,000 after acquiring an additional 2,820 shares in the last quarter. Finally, West Family Investments Inc. purchased a new position in shares of Alphabet in the 2nd quarter valued at about $2,248,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google introduced flexible billing and resource-allocation tools for Gemini Enterprise and Google Antigravity, helping businesses manage unpredictable AI spending. The initiative could reduce a key barrier to enterprise AI adoption and support Google Cloud demand. Google Launches Flexible Billing To Manage Exploding AI Costs
• Positive Sentiment: Alphabet expanded Gemini Enterprise with specialized solutions for financial-services and legal customers, including industry-specific agents, data connectors and workflow tools. The launches strengthen Google Cloud’s effort to monetize agentic AI and compete with Microsoft and Anthropic. Google Cloud Launches Gemini Enterprise for Financial Services
• Positive Sentiment: Waymo plans to test autonomous vehicles in Munich and launch driverless rides in Germany in 2027. The expansion provides a long-term growth catalyst for Alphabet’s autonomous-driving investment, although commercialization remains years away. Waymo to launch driverless rides in Germany in 2027
• Positive Sentiment: Berkshire Hathaway reportedly increased its Alphabet position by 83% to roughly $37.8 billion, making it one of Berkshire’s largest holdings. The high-profile purchase reinforces investor confidence in Alphabet’s search, cloud and AI businesses. Berkshire Hathaway increases Alphabet stake
• Neutral Sentiment: Alphabet, Microsoft and Amazon are reportedly negotiating with China’s Moonshot AI to host its Kimi K3 model, with Moonshot seeking as much as 30% of related revenue. Hosting could create cloud revenue, but the proposed revenue share and U.S.-China technology restrictions may limit the benefit. China’s Moonshot in talks over K3 revenue sharing
• Negative Sentiment: A child-safety settlement involving Meta has renewed scrutiny of how YouTube protects minors. Investors are concerned that similar requirements could expose Alphabet to substantial compliance costs or financial liabilities.
• Negative Sentiment: Broader weakness in the Nasdaq-100 and major technology stocks added selling pressure, with Alphabet identified as a significant contributor to the index’s decline. Rising server prices for systems using Nvidia AI chips could also increase Alphabet’s already heavy infrastructure spending.
• Negative Sentiment: Google’s decision to move its AI-responsibility team outside DeepMind has prompted concerns about researcher independence and the company’s ability to identify risks in increasingly capable models. Calls for tighter U.S.-China AI rules add another layer of regulatory uncertainty.

Alphabet Trading Down 1.2%

NASDAQ:GOOG opened at $339.10 on Thursday. The stock’s 50 day moving average price is $348.88 and its 200 day moving average price is $339.85. The company has a market capitalization of $4.15 trillion, a PE ratio of 17.03, a P/E/G ratio of 0.96 and a beta of 1.23. 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 Inc. has a 52-week low of $206.39 and a 52-week high of $404.47.

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

Alphabet Announces Dividend

The firm also recently announced 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s payout ratio is presently 4.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GOOG shares. Truist Financial decreased their target price on Alphabet from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Zacks Research lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Pivotal Research raised their price objective on shares of Alphabet from $470.00 to $475.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Morgan Stanley reduced their price objective on shares of Alphabet from $415.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Finally, Citigroup restated a “market outperform” rating on shares of Alphabet in a report on Friday, August 14th. 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’s stock. Based on data from MarketBeat, Alphabet has a consensus rating of “Buy” and an average target price of $415.55.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 8,998 shares of the firm’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 transaction, the insider directly owned 75,290 shares of the company’s stock, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction 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 SEC filing for this sale provides additional information. Insiders have sold 451,945 shares of company stock worth $12,382,714 in the last 90 days. Company insiders own 12.99% of the company’s stock.

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.