Alphabet (NASDAQ:GOOG) Major Shareholder Sells 63,297 Shares

Alphabet Inc. (NASDAQ:GOOG) major shareholder 2019 Gp L.L.C. Gv sold 63,297 shares of Alphabet stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $19.06, for a total value of $1,206,440.82. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

2019 Gp L.L.C. Gv also recently made the following trade(s):

• On Friday, July 24th, 2019 Gp L.L.C. Gv sold 23,417 shares of Alphabet stock. The stock was sold at an average price of $18.88, for a total value of $442,112.96.
• On Friday, May 15th, 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25.
• On Thursday, May 14th, 2019 Gp L.L.C. Gv sold 60,077 shares of Alphabet stock. The shares were sold at an average price of $23.01, for a total value of $1,382,371.77.

Alphabet Trading Up 1.8%

GOOG traded up $5.80 during trading hours on Tuesday, reaching $332.37. The company’s stock had a trading volume of 7,204,236 shares, compared to its average volume of 21,492,885. The stock has a market cap of $4.03 trillion, a PE ratio of 16.71, a P/E/G ratio of 1.08 and a beta of 1.23. 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 $188.70 and a fifty-two week high of $404.47. The business’s 50-day moving average is $359.30 and its 200-day moving average is $337.61.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.87 by $6.24. The company had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm’s revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.31 EPS. As a group, equities research analysts predict that Alphabet Inc. will post 17.25 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Q2 results provided the main bullish catalyst: revenue rose 24.2% year over year to $119.8 billion, while EPS of $9.11 substantially exceeded the $2.87 consensus estimate. Google Cloud growth and continued strength in Search and YouTube are helping investors view AI investments as potentially monetizable. Alphabet Q2 Strength Reinforces The Bullish Case
• Positive Sentiment: Phillip Securities upgraded Alphabet from “moderate buy” to “strong-buy,” adding to a generally favorable analyst view. KeyCorp also modestly raised its FY2028 EPS estimate to $17.88 from $17.80. Analysts set Google stock price target
• Positive Sentiment: Asset Management One added approximately 117,216 Alphabet shares, worth about $41.9 million, in its latest portfolio disclosure. This signals continued institutional interest following the earnings-related pullback. Asset Management One fund update
• Positive Sentiment: YouTube reached a multiyear agreement to include Peacock content for U.S. YouTube Premium subscribers, potentially strengthening the platform’s entertainment offering and subscription value. YouTube and Peacock agreement
• Neutral Sentiment: The stock’s rebound reflects dip-buying after its post-earnings selloff, but shares remain below their 200-day moving average, indicating that technical momentum is not yet fully repaired.
• Negative Sentiment: Alphabet lifted its 2026 capital-expenditure forecast to roughly $195 billion-$205 billion. Investors worry that the AI infrastructure buildout could pressure free cash flow and returns before revenue catches up. Hyperscalers face higher capital expenditure scrutiny
• Negative Sentiment: European rivals may seek as much as $10 billion in damages after a roughly $1 billion Digital Markets Act fine related to Google’s alleged self-preferencing and app-store practices. The potential litigation adds regulatory and financial uncertainty. Google rivals seek damages after EU fine

Analysts Set New Price Targets

A number of equities research analysts recently commented on GOOG shares. Scotiabank reissued an “outperform” rating and issued a $450.00 price objective (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Alphabet in a research report on Thursday. Wells Fargo & Company decreased their price objective 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. Citigroup reiterated a “market outperform” rating on shares of Alphabet in a report on Wednesday, July 22nd. Finally, Wedbush assumed coverage on shares of Alphabet in a report on Thursday, July 16th. They issued an “outperform” rating and a $445.00 price objective on the stock. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Buy” and an average target price of $410.09.

Institutional Trading of Alphabet

A number of hedge funds have recently bought and sold shares of GOOG. Imprint Wealth LLC purchased a new stake in Alphabet in the 3rd quarter worth approximately $31,000. Nvest Wealth Strategies Inc. bought a new position in Alphabet in the fourth quarter worth $38,000. Lifetime Wealth Management P.C. acquired a new stake in shares of Alphabet in the 4th quarter valued at $38,000. Bard Associates Inc. acquired a new position in Alphabet during the 4th quarter worth about $41,000. Finally, Towne Trust Company N.A boosted its stake in Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after acquiring an additional 34 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

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.