Magnolia Capital Management Ltd. Sells 2,590 Shares of Alphabet Inc. $GOOG

Magnolia Capital Management Ltd. cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 15.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,545 shares of the information services provider’s stock after selling 2,590 shares during the quarter. Alphabet makes up 3.5% of Magnolia Capital Management Ltd.’s portfolio, making the stock its 6th largest position. Magnolia Capital Management Ltd.’s holdings in Alphabet were worth $5,139,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Tema ETFs LLC grew its holdings in shares of Alphabet by 10.2% in the 2nd quarter. Tema ETFs LLC now owns 29,644 shares of the information services provider’s stock valued at $10,474,000 after acquiring an additional 2,755 shares in the last quarter. Dagco Inc. raised its holdings in Alphabet by 79.5% during the second quarter. Dagco Inc. now owns 12,885 shares of the information services provider’s stock worth $4,553,000 after acquiring an additional 5,708 shares in the last quarter. West Branch Capital LLC raised its holdings in Alphabet by 6.3% during the second quarter. West Branch Capital LLC now owns 7,238 shares of the information services provider’s stock worth $2,557,000 after acquiring an additional 430 shares in the last quarter. Rise Advisors LLC boosted its position in Alphabet by 3.0% during the second quarter. Rise Advisors LLC now owns 8,706 shares of the information services provider’s stock valued at $3,076,000 after purchasing an additional 251 shares during the last quarter. Finally, Nolet Wealth Management LLC boosted its position in Alphabet by 35.6% during the second quarter. Nolet Wealth Management LLC now owns 4,575 shares of the information services provider’s stock valued at $1,616,000 after purchasing an additional 1,201 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the sale, the director owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. The trade was a 41.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 8,998 shares of the company’s stock in a transaction dated 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 completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 600,547 shares of company stock worth $16,255,540 in the last 90 days. Company insiders own 12.99% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google’s Gemini app surpassed 1 billion monthly active users, marking the 14th Google product to reach that milestone. The figure supports Alphabet’s argument that its AI products are gaining meaningful consumer traction. Google’s Gemini app surges to one billion users
• Positive Sentiment: Ryanair agreed to a five-year Google Cloud partnership covering Gemini and DeepMind models, including crew scheduling and operational decisions. The deal offers another example of enterprise demand for Google Cloud’s AI capabilities. Ryanair signs five-year Google Cloud deal
• Positive Sentiment: Several analysts remain bullish, with reported buy or equivalent ratings and a median GOOGL price target of $422.50. Recent institutional filings also showed purchases by Vanguard Personalized Indexing, BlackRock, State Street and Berkshire Hathaway, although the filings reflect earlier reporting periods.
• Neutral Sentiment: Alphabet will meet White House officials alongside Meta, Anthropic and OpenAI to discuss voluntary safety testing for advanced AI models. Cooperation could improve industry credibility, but the meeting highlights increasing scrutiny of AI risks. Alphabet, Meta and AI safety discussions
• Negative Sentiment: The main pressure appears to be concern over Alphabet’s elevated AI infrastructure spending—reported capital-expenditure guidance of roughly $195 billion to $205 billion for 2026—and its effect on margins, free cash flow and investment returns. A broader decline in large-cap technology stocks added to the selling.
• Negative Sentiment: French news organizations asked regulators to intervene over Google’s AI-generated search summaries, arguing that they reduce traffic to publishers. Alphabet also faces thousands of social-media addiction lawsuits and broader concerns about AI safety and misinformation. French media asks watchdog to act on Google’s AI

Analyst Upgrades and Downgrades

GOOG has been the topic of several recent analyst reports. DA Davidson lowered their price target on Alphabet from $375.00 to $350.00 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. Raymond James Financial reissued a “strong-buy” rating on shares of Alphabet in a report on Thursday, July 23rd. Royal Bank Of Canada reissued a “buy” rating and issued a $475.00 target price on shares of Alphabet in a research note on Thursday, July 23rd. Zacks Research downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Alphabet from $460.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $410.09.

Alphabet Trading Down 3.6%

Shares of NASDAQ:GOOG opened at $343.00 on Wednesday. Alphabet Inc. has a 12-month low of $197.46 and a 12-month high of $404.47. The stock has a market cap of $4.19 trillion, a PE ratio of 17.23, a P/E/G ratio of 1.00 and a beta of 1.23. The business has a 50 day moving average of $353.30 and a 200-day moving average of $339.36. 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 announced its 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 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 quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.31 earnings per share. As a group, equities research analysts forecast that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders 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 yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s dividend payout ratio is currently 4.42%.

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.