Alphabet (NASDAQ:GOOGL) Major Shareholder Sells $442,112.96 in Stock

Alphabet Inc. (NASDAQ:GOOGL) major shareholder 2019 Gp L.L.C. Gv sold 23,417 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $18.88, for a total transaction of $442,112.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own more than 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 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 stock was sold at an average price of $19.46, for a total value 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 17th, 2019 Gp L.L.C. Gv sold 20,534 shares of Alphabet stock. The shares were sold at an average price of $18.68, for a total value of $383,575.12.
• 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 value of $1,206,440.82.
• On Friday, May 15th, 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock. The stock was 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 Price Performance

Alphabet stock opened at $333.66 on Friday. The company has a market cap of $4.04 trillion, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 0.94 and a beta of 1.24. Alphabet Inc. has a one year low of $187.82 and a one year high of $408.61. The business has a fifty day moving average of $358.32 and a two-hundred day moving average of $339.18. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72.

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, topping analysts’ consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. As a group, analysts predict that Alphabet Inc. will post 20.52 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business 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. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet’s dividend payout ratio is presently 4.42%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Pivotal Research reiterated a “buy” rating and set a $475.00 price target (up from $470.00) on shares of Alphabet in a research report on Thursday, July 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $425.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, May 4th. Piper Sandler reiterated an “overweight” rating and set a $395.00 target price (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, BMO Capital Markets set a $465.00 target price on Alphabet and gave the company an “outperform” rating in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Alphabet presently has a consensus rating of “Buy” and a consensus price target of $419.86.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Strategic Wealth Advisors LLC grew its position in shares of Alphabet by 6.0% during the 1st quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider’s stock valued at $137,000 after buying an additional 27 shares during the last quarter. Rockbridge Investment Management LCC lifted its holdings in Alphabet by 0.5% in the first quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider’s stock worth $1,570,000 after acquiring an additional 27 shares during the last quarter. Ruggaard & Associates LLC boosted its stake in Alphabet by 0.9% in the first quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider’s stock valued at $840,000 after acquiring an additional 27 shares during the period. Cadia Private Client LLC boosted its stake in Alphabet by 1.1% in the first quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider’s stock valued at $744,000 after acquiring an additional 28 shares during the period. Finally, Evansbrook LLC grew its holdings in shares of Alphabet by 0.3% during the first quarter. Evansbrook LLC now owns 9,522 shares of the information services provider’s stock valued at $2,738,000 after purchasing an additional 28 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Alphabet

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.

Alphabet Company Profile

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.