Clarkston Capital Partners LLC Has $922,000 Stake in Alphabet Inc. $GOOG

Clarkston Capital Partners LLC lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 64.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,215 shares of the information services provider’s stock after selling 5,780 shares during the period. Clarkston Capital Partners LLC’s holdings in Alphabet were worth $922,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Atika Capital Management LLC increased its stake in shares of Alphabet by 2.5% in the 1st quarter. Atika Capital Management LLC now owns 43,250 shares of the information services provider’s stock valued at $12,407,000 after acquiring an additional 1,050 shares during the last quarter. Greenline Wealth Management LLC raised its position in shares of Alphabet by 28.9% in the 1st quarter. Greenline Wealth Management LLC now owns 2,424 shares of the information services provider’s stock valued at $695,000 after acquiring an additional 544 shares during the period. Liberty One Investment Management LLC boosted its stake in Alphabet by 119.7% during the 1st quarter. Liberty One Investment Management LLC now owns 42,388 shares of the information services provider’s stock worth $12,159,000 after acquiring an additional 23,098 shares during the last quarter. Bowen Hanes & Co. Inc. boosted its stake in Alphabet by 521.6% during the 1st quarter. Bowen Hanes & Co. Inc. now owns 229,640 shares of the information services provider’s stock worth $65,875,000 after acquiring an additional 192,699 shares during the last quarter. Finally, Noked Israel Ltd grew its holdings in Alphabet by 70.2% during the first quarter. Noked Israel Ltd now owns 317,210 shares of the information services provider’s stock valued at $90,995,000 after purchasing an additional 130,830 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Canaccord Genuity Group set a $450.00 target price on shares of Alphabet in a research note on Thursday. BMO Capital Markets lifted their price target on shares of Alphabet from $455.00 to $465.00 and gave the stock an “outperform” rating in a research report on Thursday. KeyCorp set a $445.00 price target on shares of Alphabet in a report on Friday, July 10th. Scotiabank restated an “outperform” rating and issued a $450.00 price objective (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. Finally, Barclays reaffirmed an “overweight” rating and set a $425.00 price objective (up from $405.00) on shares of Alphabet in a research note on Thursday. Six analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $410.09.

Insider Transactions at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $341.72, for a total value of $153,432.28. Following the sale, the chief accounting officer directly owned 27,348 shares in the company, valued at $9,345,358.56. The trade was a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frances Arnold sold 112 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total value of $39,343.36. Following the transaction, the director directly owned 18,833 shares of the company’s stock, valued at $6,615,656.24. This represents a 0.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 159,415 shares of company stock worth $7,672,279. 12.99% of the stock is currently owned by company insiders.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet posted a strong Q2 beat, with revenue and EPS coming in ahead of expectations, while Google Cloud revenue surged 82% and cloud margins improved sharply.
• Positive Sentiment: AI and product demand remain strong, with management saying AI usage is rising across Search, Cloud, and Gemini, supporting the long-term growth story.
• Positive Sentiment: Several analysts reiterated bullish views or raised targets, and multiple commentary pieces argued the stock looks attractive after the pullback.
• Positive Sentiment: Verizon signed a deal worth more than $1 billion with Google for dark fiber connectivity, adding another sign of infrastructure demand tied to Alphabet’s data-center buildout. Article Title
• Neutral Sentiment: Waymo is reportedly considering ending its Uber partnership, which could affect how quickly Alphabet’s robotaxi business scales, but the direct financial impact is still unclear. Article Title
• Neutral Sentiment: Alphabet also disclosed a large SpaceX stake and saw some institutional holders trim positions, but these items are secondary to the main debate over AI spending and cash flow.
• Negative Sentiment: Investors were unnerved by Alphabet’s higher CapEx guidance and negative free cash flow, which raised concerns that AI spending may be outpacing near-term returns.
• Negative Sentiment: Alphabet was also hit by an EU antitrust fine of about $1 billion, adding another regulatory overhang. Article Title
• Negative Sentiment: Moody’s warned that the industry-wide AI buildout could threaten credit quality at Alphabet and other hyperscalers, reinforcing concerns about balance-sheet strain from heavy infrastructure investment. Article Title

Alphabet Price Performance

Alphabet stock opened at $319.09 on Monday. The company has a 50 day moving average of $360.63 and a 200-day moving average of $337.53. 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 twelve month low of $188.70 and a twelve month high of $404.47. The stock has a market capitalization of $3.87 trillion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.08 and a beta of 1.23.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $6.24. The business had revenue of $119.80 billion for 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 firm’s quarterly revenue was up 24.2% on a year-over-year basis. During the same period last year, the business posted $2.31 earnings per share. On average, equities research analysts anticipate that Alphabet Inc. will post 17.25 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Alphabet 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.