Alphabet (NASDAQ:GOOGL) Major Shareholder Sells $383,575.12 in Stock

Alphabet Inc. (NASDAQ:GOOGL) major shareholder 2019 Gp L.L.C. Gv sold 20,534 shares of the stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $18.68, for a total transaction of $383,575.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares 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 Tuesday, July 28th, 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20.
• On Monday, July 27th, 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26.
• On Monday, July 20th, 2019 Gp L.L.C. Gv sold 18,386 shares of Alphabet stock. The shares were sold at an average price of $18.87, for a total value of $346,943.82.
• 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 stock was 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 stock was sold at an average price of $23.01, for a total transaction of $1,382,371.77.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $333.66 on Friday. 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 capitalization of $4.04 trillion, a price-to-earnings ratio of 16.76, a PEG ratio of 0.94 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 firm’s 50-day moving average is $358.32 and its 200 day moving average is $339.18.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $6.22. The company had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Research analysts predict that Alphabet Inc. will post 20.52 EPS for the current year.

Alphabet Dividend Announcement

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

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is reportedly backing a potential $15 billion Texas data-center project tied to Anthropic, providing financial guarantees and chips. The project could strengthen Google Cloud’s AI infrastructure position and create additional demand for Alphabet’s services, although the guarantees also add financial exposure. Anthropic data center financing
• Positive Sentiment: Google said AI-assisted development enabled it to fix more Chrome security vulnerabilities in June than during the previous two years combined. Faster security improvements could support Chrome’s reliability and Google’s broader AI-productivity narrative. Google Chrome security improvements
• Positive Sentiment: Analyst sentiment remains broadly favorable: Erste Group raised its 2026 EPS forecast to $20.50 from $14.27, above the roughly $20.15 consensus, while other firms maintain bullish ratings and targets. Alphabet also expanded its Gemini partnership with Oracle, potentially widening enterprise AI distribution. Alphabet growth-stock analysis
• Neutral Sentiment: Microsoft’s strong Azure and Copilot results reinforce robust enterprise AI demand, but they also highlight the intense competition among hyperscalers and may raise investor expectations for Google Cloud.
• Negative Sentiment: Reddit’s CEO said Google’s AI Overviews have not replaced the referral value of traditional “10 blue links.” Reduced traffic to publishers could increase pressure on Google’s search ecosystem and raise questions about how AI summaries will protect advertising economics. Reddit CEO comments on Google AI Overviews
• Negative Sentiment: Alphabet faces additional sentiment headwinds from securities-law investigations and recent insider or major-shareholder stock sales. These filings are relatively small compared with Alphabet’s market value, but they can weigh on confidence during a post-earnings selloff.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Processus Wealth & Capital Management LLC lifted its holdings in Alphabet by 1.0% in the second quarter. Processus Wealth & Capital Management LLC now owns 20,509 shares of the information services provider’s stock valued at $7,329,000 after acquiring an additional 198 shares during the period. First Community Trust NA grew its stake in shares of Alphabet by 1.6% during the 2nd quarter. First Community Trust NA now owns 18,694 shares of the information services provider’s stock worth $6,681,000 after purchasing an additional 297 shares during the period. Walker Asset Management LLC increased its holdings in shares of Alphabet by 1.1% during the 2nd quarter. Walker Asset Management LLC now owns 3,070 shares of the information services provider’s stock valued at $1,097,000 after purchasing an additional 32 shares in the last quarter. Lee Kelleher & Klein Wealth Management purchased a new position in shares of Alphabet during the 2nd quarter valued at approximately $302,000. Finally, Buska Wealth Management LLC lifted its stake in shares of Alphabet by 5.7% in the 2nd quarter. Buska Wealth Management LLC now owns 875 shares of the information services provider’s stock valued at $313,000 after purchasing an additional 47 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of research reports. Bank of America raised their target price on shares of Alphabet from $370.00 to $430.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $515.00 price target on shares of Alphabet in a research report on Wednesday, July 22nd. Needham & Company LLC reiterated a “buy” rating and set a $450.00 price objective on shares of Alphabet in a research note on Wednesday, June 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research note on Friday, July 17th. Finally, President Capital upped their target price on Alphabet from $375.00 to $465.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Six research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus 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.