Wedmont Private Capital Sells 22,299 Shares of Alphabet Inc. $GOOG

Wedmont Private Capital trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 14.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,306 shares of the information services provider’s stock after selling 22,299 shares during the quarter. Alphabet makes up approximately 1.3% of Wedmont Private Capital’s investment portfolio, making the stock its 14th biggest holding. Wedmont Private Capital’s holdings in Alphabet were worth $48,748,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Alphabet by 1.4% in the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock valued at $130,704,718,000 after acquiring an additional 5,164,200 shares during the period. State Street Corp lifted its stake in shares of Alphabet by 0.5% during the 4th quarter. State Street Corp now owns 187,102,863 shares of the information services provider’s stock worth $58,712,878,000 after purchasing an additional 953,790 shares during the last quarter. Auto Owners Insurance Co boosted its position in Alphabet by 38,409.2% during the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock valued at $5,643,262,000 after purchasing an additional 179,369,280 shares in the last quarter. J. Stern & Co. LLP grew its stake in Alphabet by 28,482.8% in the fourth quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock valued at $35,174,429,000 after purchasing an additional 111,699,704 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Alphabet by 1.1% in the fourth quarter. JPMorgan Chase & Co. now owns 100,602,893 shares of the information services provider’s stock worth $31,569,189,000 after purchasing an additional 1,073,151 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Trading Down 2.1%

Shares of NASDAQ:GOOG opened at $328.38 on Thursday. Alphabet Inc. has a 52-week low of $236.58 and a 52-week high of $404.47. The stock has a market cap of $4.02 trillion, a price-to-earnings ratio of 16.49, a PEG ratio of 0.97 and a beta of 1.21. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $345.69 and a 200-day moving average price of $341.58.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $6.24. The firm 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%.Alphabet’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.31 earnings per share. Equities analysts predict that Alphabet Inc. will post 20.5 EPS for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet’s payout ratio is presently 4.42%.

Insider Activity

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the 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 sale, 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The SEC filing for this sale provides additional information. Insiders have sold 451,925 shares of company stock valued at $12,371,544 in the last ninety days. Insiders own 12.99% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet announced at least €13 billion (about $15.1 billion) for AI data centers and digital infrastructure in Finland during 2027–2028. The investment will support Gemini, Search, Maps and YouTube, while a 22-year agreement with Fortum for nuclear power could provide reliable, lower-carbon electricity for energy-intensive AI operations. Google to invest $15 billion AI infrastructure in Finland
• Positive Sentiment: Google Cloud and Accenture are creating a group of 1,000 engineers to help customers deploy AI agents. The initiative may accelerate enterprise adoption of Google’s cloud, AI software and custom chips, strengthening the growth outlook for the Cloud segment. Accenture and Google are teaming up to send 1,000 engineers into the field
• Positive Sentiment: Bank of America and other commentary pointed to resilient web traffic despite rising AI competition, offering reassurance that Google’s core search business has not yet been materially displaced. Bank of America Spots Reassuring Signal for Google Stock
• Neutral Sentiment: Google, Microsoft, Amazon, Meta and Anthropic joined a Canadian data-center development pledge. The agreement supports broader AI infrastructure expansion, although it does not immediately change Alphabet’s earnings outlook. HIVE joins Google, Microsoft and Amazon in new Canada data center pledge
• Negative Sentiment: The Finland commitment reinforces concerns that surging AI capital expenditures could pressure free cash flow before revenue and profits fully scale. Investors are increasingly focused on whether Alphabet can earn attractive returns on its massive infrastructure buildout. Alphabet’s ROIC Is Strong, but Is GOOGL Stock a Buy Now?
• Negative Sentiment: Alphabet warned that changes to European search results required by the Digital Markets Act could reduce search quality and increase costs for businesses, creating potential pressure on user engagement, monetization and regulatory expenses. Google warns of lower quality as it revamps Europe search results
• Negative Sentiment: Meta’s launch of its paid Muse AI agent heightened fears that autonomous assistants could bypass traditional search pages and weaken Alphabet’s search advertising model. Separately, delays affecting Alphabet and Blackstone’s Project Braid data-center venture underscore execution risks in the AI expansion. Meta rises as Muse AI agent arrives

Analysts Set New Price Targets

Several analysts have commented on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $475.00 price target on shares of Alphabet in a research report on Thursday, July 23rd. Stifel Nicolaus set a $420.00 price objective on shares of Alphabet in a research note on Wednesday, May 20th. JPMorgan Chase & Co. decreased their target price on shares of Alphabet from $460.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. KeyCorp set a $445.00 target price on shares of Alphabet in a research note on Friday, July 10th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Alphabet in a report on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Alphabet presently has an average rating of “Buy” and an average price target of $415.55.

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.