TD Asset Management Inc Sells 877,757 Shares of Alphabet Inc. $GOOG

TD Asset Management Inc decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 20.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,501,281 shares of the information services provider’s stock after selling 877,757 shares during the quarter. Alphabet comprises about 1.1% of TD Asset Management Inc’s investment portfolio, making the stock its 16th largest position. TD Asset Management Inc’s holdings in Alphabet were worth $1,237,108,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Nvest Wealth Strategies Inc. bought a new position in shares of Alphabet in the 4th quarter valued at about $38,000. Lifetime Wealth Management P.C. bought a new stake in Alphabet during the fourth quarter worth approximately $38,000. Imprint Wealth LLC purchased a new stake in Alphabet during the third quarter valued at approximately $31,000. Bard Associates Inc. purchased a new stake in Alphabet during the fourth quarter valued at approximately $41,000. Finally, Towne Trust Company N.A lifted its stake in shares of Alphabet by 34.0% in the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Insider Activity

In other news, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the transaction, the director directly owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. This represents a 41.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 8,998 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the transaction, the insider owned 75,290 shares in the company, valued at approximately $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 sold a total of 451,945 shares of company stock valued at $12,382,714 over the last three months. Company insiders own 12.99% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Major investors increased Alphabet holdings. Berkshire Hathaway reportedly added about $17 billion of Alphabet stock in the second quarter, while Stanley Druckenmiller, Seth Klarman, David Tepper, and other prominent investors also initiated or expanded positions. The buying signals confidence in Alphabet’s valuation and long-term AI opportunity. Berkshire Hathaway adds $17 billion to Alphabet stake
• Positive Sentiment: AI and cloud momentum remains a key bullish catalyst. Commentary highlighted Google Cloud’s 82% quarterly growth, a backlog exceeding $514 billion, Gemini’s reported one billion active users, and the potential for externally sold Tensor Processing Units to become a significant revenue stream beginning in 2027. Alphabet external TPU sales likely game changer
• Positive Sentiment: Alphabet is acquiring Spirit Airlines’ anonymized business data for $10 million. Google plans to use the data for product development and AI-model training; the transaction excludes customer records. The deal is financially small but supports Alphabet’s effort to improve AI systems with proprietary datasets. Google to buy Spirit Airlines business data
• Neutral Sentiment: Alphabet’s disclosed SpaceX investment has appreciated substantially. Reports estimate the stake is now worth roughly $94 billion, potentially strengthening investor perceptions of Alphabet’s investment portfolio, although the value is tied to SpaceX’s volatile private-market valuation. Alphabet SpaceX investment gains
• Negative Sentiment: AI infrastructure spending is creating cash-flow and financing concerns. Alphabet plans more than $200 billion in 2026 capital expenditures and is considering a record A$5 billion Australian bond offering to fund expansion. Investors are increasingly focused on whether future AI returns will justify the spending and additional debt. Alphabet Australian bond offering
• Negative Sentiment: Macro and competitive risks are tempering enthusiasm. ECB researchers warned that a sharp AI-stock correction is historically plausible, while some investors argued Alphabet is a materially different—and less attractive—company than it was two years ago. Viking Global also reportedly reduced its Alphabet position. ECB researchers warn of AI selloff

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $341.45 on Tuesday. 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 company has a market capitalization of $4.18 trillion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 0.96 and a beta of 1.23. The firm has a 50 day moving average of $351.69 and a 200 day moving average of $339.66. Alphabet Inc. has a 52 week low of $197.46 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 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 business’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.31 EPS. On average, sell-side analysts predict that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have commented on GOOG shares. Zacks Research lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Citigroup reissued a “market outperform” rating on shares of Alphabet in a research note on Friday. Wells Fargo & Company dropped their price target on shares of Alphabet from $418.00 to $411.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. UBS Group reiterated a “neutral” rating and set a $379.00 price target (down from $400.00) on shares of Alphabet in a report on Thursday, July 23rd. Finally, Roth Capital increased their price objective on shares of Alphabet from $435.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $415.55.

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.