Alphabet (NASDAQ:GOOGL) Major Shareholder 2019 Gp L.L.C. Gv Sells 18,386 Shares

Alphabet Inc. (NASDAQ:GOOGL) major shareholder 2019 Gp L.L.C. Gv sold 18,386 shares of the firm’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $18.87, for a total value of $346,943.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, July 17th, 2019 Gp L.L.C. Gv sold 20,534 shares of Alphabet stock. The stock was sold at an average price of $18.68, for a total value of $383,575.12.
• 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 Thursday, July 23rd, 2019 Gp L.L.C. Gv sold 63,297 shares of Alphabet stock. The shares were sold at an average price of $19.06, for a total value of $1,206,440.82.
• 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 Stock Up 2.2%

Shares of NASDAQ GOOGL opened at $333.71 on Wednesday. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The company has a market cap of $4.04 trillion, a price-to-earnings ratio of 16.76, a PEG ratio of 0.95 and a beta of 1.24. Alphabet Inc. has a 12 month low of $187.82 and a 12 month high of $408.61. The stock has a 50-day moving average price of $360.45 and a two-hundred day moving average price of $339.07.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. As a group, analysts forecast that Alphabet Inc. will post 19.79 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Hedge Funds Weigh In On Alphabet

A number of hedge funds have recently modified their holdings of GOOGL. Vanguard Group Inc. raised its position in Alphabet by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock worth $165,567,398,000 after purchasing an additional 12,531,695 shares during the last quarter. State Street Corp grew its position in shares of Alphabet by 1.8% in the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock valued at $40,524,841,000 after buying an additional 4,008,374 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Alphabet by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 146,193,037 shares of the information services provider’s stock valued at $45,625,595,000 after buying an additional 2,666,676 shares during the last quarter. Norges Bank acquired a new stake in shares of Alphabet in the fourth quarter valued at about $30,534,239,000. Finally, Bank of America Corp DE raised its position in shares of Alphabet by 4.9% during the fourth quarter. Bank of America Corp DE now owns 69,108,183 shares of the information services provider’s stock worth $21,630,861,000 after acquiring an additional 3,218,852 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s second-quarter results showed $119.80 billion in revenue and $112.19 billion in net income, while Google Cloud growth and early AI monetization helped reinforce the long-term investment case. Several analysts remain bullish; Phillip Securities upgraded the stock to “strong buy,” and KeyCorp raised its fiscal 2028 EPS estimate to $17.88 while maintaining an “Overweight” rating and a $445 price target. Alphabet Q2 earnings analysis
• Positive Sentiment: Alphabet continues to attract support from value investors and dip buyers, with reports indicating that prominent investors increased their positions. The company also secured a multiyear agreement to bring Peacock content to YouTube Premium subscribers, potentially strengthening YouTube’s subscription and content ecosystem. Investors increase Alphabet positions
• Neutral Sentiment: The broader technology market is volatile ahead of major Big Tech earnings and the Federal Reserve’s interest-rate decision. That macro uncertainty may be contributing to sharp moves in Alphabet despite its strong fundamentals. Wall Street rebounds ahead of FOMC
• Negative Sentiment: The primary overhang is Alphabet’s plan to spend roughly $195 billion to $205 billion on 2026 capital expenditures, largely for AI infrastructure. Investors are questioning whether the spending will generate adequate returns after Alphabet reportedly posted negative free cash flow for the first time as a public company and paused buybacks under its prior program. A proposed $69.24 billion Class C stock shelf could also raise dilution concerns. Alphabet AI spending and cash concerns
• Negative Sentiment: Alphabet faces additional legal and regulatory risk. European rivals are lining up potential private damages claims after Google lost an initial case under new EU competition rules, while Waymo faces possible federal requirements concerning emergency-response procedures. Major-shareholder sales disclosed in recent SEC filings are a smaller, but potentially negative, sentiment signal. Google faces potential European damages claims

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GOOGL. Morgan Stanley set a $400.00 target price on shares of Alphabet and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Cantor Fitzgerald reissued an “overweight” rating and set a $420.00 price objective (down from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Citizens Jmp restated a “market outperform” rating and set a $515.00 price objective on shares of Alphabet in a research report on Wednesday, July 22nd. Arete Research upped their target price on Alphabet from $405.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Finally, Evercore increased their target price on Alphabet from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $419.86.

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.