SRB Corp Cuts Stake in Alphabet Inc. $GOOGL

SRB Corp lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 229,991 shares of the information services provider’s stock after selling 4,220 shares during the quarter. Alphabet accounts for about 4.1% of SRB Corp’s investment portfolio, making the stock its 13th largest holding. SRB Corp’s holdings in Alphabet were worth $66,136,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet during the fourth quarter valued at about $32,000. EMC Capital Management bought a new stake in shares of Alphabet in the 4th quarter valued at about $33,000. IFC & Insurance Marketing Inc. bought a new stake in shares of Alphabet in the 4th quarter valued at about $38,000. Bard Associates Inc. purchased a new stake in Alphabet during the 4th quarter valued at about $52,000. Finally, Kentucky Trust Co boosted its holdings in Alphabet by 142.9% during the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 8,998 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the completion of the transaction, the insider directly owned 75,290 shares of the company’s stock, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 600,547 shares of company stock worth $16,255,540. 11.61% of the stock is currently owned by corporate insiders.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Strong earnings and analyst support: Alphabet’s latest results significantly exceeded consensus expectations, reinforcing confidence in accelerating revenue and profit growth. Multiple reports describe the stock as undervalued or a favorable growth investment, while analysts maintain a consensus “Buy” rating. Alphabet Stock is Climbing: What’s Going On Today?
• Positive Sentiment: AI infrastructure positioning: Commentary argues Alphabet is better equipped than many peers to absorb the cost of Nvidia chips while benefiting from expanding AI demand. Investors also see Google Search, cloud services, and AI infrastructure as complementary growth engines. Berkshire Hathaway’s reported investment in Alphabet adds to the bullish narrative. The Nvidia Tax: Alphabet Mitigates It Better
• Positive Sentiment: Waymo validation: An analysis reported that Alphabet’s Waymo robotaxis crash substantially less often than human-driven vehicles. While Waymo is not yet a major earnings contributor, the finding supports Alphabet’s long-term autonomous-driving and technology portfolio. Waymo robotaxis found to crash 68% less often
• Positive Sentiment: Commercial AI momentum: Google’s partnership with Paris Saint-Germain and participation in upcoming White House AI-regulation discussions highlight expanding enterprise and institutional interest in its AI capabilities. Paris Saint-Germain partners with Google on AI
• Neutral Sentiment: Microsoft’s lead in cloud market share remains a competitive concern, although Alphabet’s Google Cloud continues to grow and benefits from the same AI spending cycle. Microsoft Races Ahead of Google in the Cloud
• Neutral Sentiment: Investors are weighing whether heavy AI capital expenditures will temporarily pressure margins or create durable long-term returns.
• Negative Sentiment: A Google Earth tool reportedly made it possible to create AI-generated fake satellite imagery, raising questions about safeguards, misinformation, and potential regulatory scrutiny. For a Day, Google Made It Easy to Spoof Satellite Imagery

Alphabet Price Performance

Shares of GOOGL stock opened at $373.51 on Tuesday. The firm has a market cap of $4.57 trillion, a P/E ratio of 18.76, a P/E/G ratio of 1.00 and a beta of 1.24. Alphabet Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $408.61. The business’s 50 day moving average price is $357.60 and its 200-day moving average price is $339.62. 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 earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $6.22. The firm had revenue of $119.80 billion for 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%. On average, equities research analysts anticipate that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be issued a $0.22 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet’s dividend payout ratio is 4.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Mizuho lifted their price target on Alphabet from $420.00 to $460.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Daiwa Securities Group increased their price objective on Alphabet from $380.00 to $445.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Alphabet in a report on Tuesday, April 28th. Piper Sandler reaffirmed an “overweight” rating and issued a $395.00 target price (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Freedom Capital upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Six equities 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. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price 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.