--- title: "Avalon Trust Co Cuts Stock Position in Alphabet Inc. $GOOG" type: "News" locale: "en" url: "https://longbridge.com/en/news/296675022.md" description: "Avalon Trust Co reduced its Alphabet Inc. (GOOG) stake by 1.7% in Q2, holding 334,148 shares valued at $118 million. Other institutions like Worldquant and Brighton Jones increased their positions. Alphabet recently reported strong earnings with $9.11 EPS and $119.8 billion revenue, beating estimates. Key developments include AI infrastructure expansion with Marvell, Waymo's growth in Nevada and California, DeepMind leadership changes, and regulatory actions in India regarding Firebase." datetime: "2026-08-22T07:12:59.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296675022.md) - [en](https://longbridge.com/en/news/296675022.md) - [zh-HK](https://longbridge.com/zh-HK/news/296675022.md) generator: "portal-rs" --- # Avalon Trust Co Cuts Stock Position in Alphabet Inc. $GOOG Avalon Trust Co trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 334,148 shares of the information services provider's stock after selling 5,930 shares during the period. Alphabet accounts for approximately 7.3% of Avalon Trust Co's holdings, making the stock its 3rd biggest position. Avalon Trust Co's holdings in Alphabet were worth $118,065,000 at the end of the most recent quarter. - Marvell Takes a Shot a Broadcom's Throne With Google Deal Several other institutional investors and hedge funds have also recently bought and sold shares of GOOG. Brighton Jones LLC grew its stake in shares of Alphabet by 5.6% in the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock worth $22,901,000 after purchasing an additional 6,410 shares in the last quarter. Worldquant Millennium Advisors LLC lifted its holdings in Alphabet by 76.2% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider's stock valued at $330,886,000 after acquiring an additional 806,681 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of Alphabet during the 2nd quarter valued at about $658,000. Financial Advisors Network Inc. grew its stake in shares of Alphabet by 7.7% in the 2nd quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider's stock worth $1,409,000 after purchasing an additional 565 shares during the last quarter. Finally, Ausdal Financial Partners Inc. grew its stake in shares of Alphabet by 10.7% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider's stock worth $6,618,000 after purchasing an additional 3,616 shares during the last quarter. Institutional investors own 27.26% of the company's stock. ## Key Stories Impacting 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 ## Alphabet Price Performance - MarketBeat Week in Review – 08/17 - 08/21 NASDAQ GOOG opened at $341.75 on Friday. The stock's 50-day moving average is $350.34 and its two-hundred day moving average is $339.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. Alphabet Inc. has a fifty-two week low of $202.13 and a fifty-two week high of $404.47. The firm has a market cap of $4.18 trillion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 0.95 and a beta of 1.23. Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate of $2.87 by $6.24. The firm had revenue of $119.80 billion during 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 company's revenue for the quarter was up 24.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.31 EPS. On average, analysts anticipate that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year. ## Alphabet Announces Dividend - Marvell Constructs an AI Moat With Alphabet Warrants 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 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%. ## Insiders Place Their Bets In related news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 sale, the insider directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 451,945 shares of company stock valued at $12,382,714. 12.99% of the stock is owned by company insiders. ## Analyst Upgrades and Downgrades GOOG has been the topic of a number of recent research reports. Morgan Stanley decreased their target price on Alphabet from $415.00 to $400.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Royal Bank Of Canada restated a "buy" rating and issued a $475.00 target price on shares of Alphabet in a report on Thursday, July 23rd. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research report on Friday, July 17th. Truist Financial decreased their price target on shares of Alphabet from $430.00 to $420.00 and set a "buy" rating for the company in a report on Thursday, July 23rd. Finally, Stifel Nicolaus set a $420.00 target price on shares of Alphabet in a research report on Wednesday, May 20th. Six investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $415.55. **Check Out Our Latest Stock Report on Alphabet** ## About Alphabet (Free Report) 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. ## Further Reading - Five stocks we like better than Alphabet - Blueprint for a Boom: SEC Clears the Crypto Runway - Ross Stores Just Flipped the Off-Price Retail Story After TJX's Marmaxx Miss - Advance Auto Parts Plunged, But Its Turnaround Is Still Working - Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates? **Want to see what other hedge funds are holding GOOG?** Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG - Free Report). *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Alphabet Right Now? Before you consider Alphabet, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list. While Alphabet currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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