Alphabet Inc. (NASDAQ:GOOGL – Get Free Report) major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
2019 Gp L.L.C. Gv also recently made the following trade(s):
- On Thursday, May 14th, 2019 Gp L.L.C. Gv sold 60,077 shares of Alphabet stock. The stock was sold at an average price of $23.01, for a total transaction of $1,382,371.77.
Alphabet Trading Up 0.0%
Shares of NASDAQ:GOOGL traded up $0.16 during trading hours on Monday, hitting $396.94. 26,758,409 shares of the company’s stock traded hands, compared to its average volume of 31,664,449. Alphabet Inc. has a 1 year low of $162.00 and a 1 year high of $408.61. The business has a fifty day moving average price of $329.30 and a 200-day moving average price of $317.61. The firm has a market capitalization of $4.81 trillion, a P/E ratio of 30.28, a price-to-earnings-growth ratio of 1.70 and a beta of 1.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92.
Alphabet Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a $0.22 dividend. The ex-dividend date is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s payout ratio is currently 6.41%.
Wall Street Analysts Forecast Growth
GOOGL has been the subject of several research reports. Moffett Nathanson upped their price target on shares of Alphabet from $305.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research report on Monday, May 4th. Royal Bank Of Canada set a $425.00 price target on shares of Alphabet and gave the company an “outperform” rating in a research report on Thursday, April 30th. Truist Financial increased their price objective on shares of Alphabet from $385.00 to $415.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Needham & Company LLC raised their price target on shares of Alphabet from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $411.23.
Check Out Our Latest Stock Report on Alphabet
Trending Headlines about Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Investors are looking ahead to Google I/O, where Alphabet is expected to showcase major AI updates across Gemini, Search, Android, Chrome, agentic commerce, and its TPU chips — a key opportunity to reinforce its leadership in the AI race. Google I/O primer: Alphabet’s AI showcase is its chance to wow Wall Street
- Positive Sentiment: Arete Research raised its price target on Alphabet to $425 from $405 and reiterated a Buy rating, signaling further upside from current levels. MarketScreener
- Positive Sentiment: Berkshire Hathaway reportedly more than tripled its Alphabet stake, a notable vote of confidence from a major long-term investor and a signal that large institutions still see value in the stock. Warren Buffett Successor Greg Abel Just More Than Tripled Berkshire’s Stake in This “Magnificent Seven” Stock. Is It a Buy?
- Positive Sentiment: Coverage continues to highlight Alphabet’s strong AI-driven rally, with articles noting that the company has been re-rated by Wall Street as a full-stack AI winner and may still have room to run. Alphabet Stock Nears $5 Trillion Market Cap. What’s Driving the Rally.
- Neutral Sentiment: Alphabet is also in the spotlight for settling a youth mental health lawsuit tied to YouTube, which removes a legal overhang but is unlikely to be a major stock driver on its own. Alphabet Balances Youth Safety Settlement With New AI Growth Plans
- Neutral Sentiment: Some recent commentary suggests investors are divided on how much more upside Alphabet has after its sharp run, indicating a possible pause if expectations become too high ahead of Google I/O. Some Very Smart Money Can’t Agree On What To Do With Alphabet’s Soaring Stock
Institutional Investors Weigh In On Alphabet
Institutional investors have recently made changes to their positions in the stock. EMC Capital Management acquired a new stake in shares of Alphabet during the fourth quarter valued at about $33,000. Lifetime Wealth Management P.C. acquired a new position in Alphabet during the 4th quarter worth approximately $32,000. PMV Capital Advisers LLC acquired a new position in Alphabet during the 4th quarter worth approximately $38,000. IFC & Insurance Marketing Inc. acquired a new position in Alphabet during the 4th quarter worth approximately $38,000. Finally, Bard Associates Inc. acquired a new position in Alphabet during the 4th quarter worth approximately $52,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.
About Alphabet
Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.
Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.
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