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

Alphabet Inc. (NASDAQ:GOOG) major shareholder 2019 Gp L.L.C. Gv sold 18,386 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $18.87, for a total transaction of $346,943.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $1,382,371.77.

Alphabet Trading Up 1.9%

Shares of GOOG stock traded up $6.07 on Tuesday, reaching $332.64. 8,695,862 shares of the stock were exchanged, compared to its average volume of 21,505,627. 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 stock has a market cap of $4.03 trillion, a P/E ratio of 16.71, a price-to-earnings-growth ratio of 1.08 and a beta of 1.23. The firm has a 50 day moving average of $359.30 and a two-hundred day moving average of $337.61. Alphabet Inc. has a 1-year low of $188.70 and a 1-year high of $404.47.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $116.53 billion. During the same quarter last year, the firm earned $2.31 earnings per share. The firm’s revenue for the quarter was up 24.2% compared to the same quarter last year. On average, research analysts anticipate that Alphabet Inc. will post 17.25 EPS for the current 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 issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet’s dividend payout ratio (DPR) is 4.42%.

Institutional Investors Weigh In On Alphabet

A number of large investors have recently modified their holdings of GOOG. Imprint Wealth LLC purchased a new position in Alphabet in the 3rd quarter worth approximately $31,000. Nvest Wealth Strategies Inc. acquired a new stake in Alphabet in the fourth quarter valued at approximately $38,000. Lifetime Wealth Management P.C. purchased a new stake in shares of Alphabet during the fourth quarter valued at approximately $38,000. Bard Associates Inc. purchased a new stake in shares of Alphabet during the fourth quarter valued at approximately $41,000. Finally, Towne Trust Company N.A lifted its position in shares of Alphabet by 34.0% during the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Trending Headlines about Alphabet

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GOOG shares. KeyCorp set a $445.00 target price on Alphabet in a report on Friday, July 10th. Piper Sandler reaffirmed an “overweight” rating and set a $395.00 price target (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Stifel Nicolaus set a $420.00 price objective on shares of Alphabet in a research note on Wednesday, May 20th. Pivotal Research increased their price objective on shares of Alphabet from $470.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Freedom Capital raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Seven analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $410.09.

About Alphabet

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.