Key Points
- Major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet on May 15 at an average price of $23.75, for proceeds of about $2.08 million. The filing also notes a prior sale of 60,077 shares the day before.
- Alphabet recently posted a strong quarterly earnings beat, reporting $5.11 EPS versus $2.68 expected and revenue of $109.9 billion versus $106.96 billion estimated. Revenue rose 21.8% year over year, and analysts still see a consensus "Buy" rating on the stock.
- The company also raised its quarterly dividend to $0.22 per share from $0.21, payable June 15. That implies an annualized dividend of $0.88 and a yield of about 0.2%.
Alphabet Inc. (NASDAQ:GOOG - Get Free Report) major shareholder 2019 Gp L.L.C. Gv sold 60,077 shares of the company's stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $23.01, for a total transaction of $1,382,371.77. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 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 transaction of $2,077,531.25.
Alphabet Stock Down 0.1%
NASDAQ GOOG opened at $393.11 on Tuesday. The business has a fifty day moving average price of $329.28 and a two-hundred day moving average price of $318.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. Alphabet Inc. has a fifty-two week low of $163.33 and a fifty-two week high of $404.47. The stock has a market capitalization of $4.76 trillion, a PE ratio of 29.99, a PEG ratio of 1.68 and a beta of 1.25.
Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.96 billion. During the same period in the prior year, the company earned $2.81 earnings per share. The company's quarterly revenue was up 21.8% on a year-over-year basis. Equities analysts expect that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.
Alphabet Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, June 8th. This is a boost from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet's dividend payout ratio is currently 6.41%.
Wall Street Analysts Forecast Growth
GOOG has been the subject of a number of research reports. DZ Bank raised shares of Alphabet to a "strong-buy" rating in a report on Monday, February 16th. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a report on Monday, April 20th. UBS Group reissued a "neutral" rating and issued a $348.00 target price (up from $345.00) on shares of Alphabet in a report on Thursday, February 12th. Needham & Company LLC set a $400.00 price target on Alphabet and gave the company a "buy" rating in a research note on Friday, March 13th. Finally, Cantor Fitzgerald reiterated a "neutral" rating on shares of Alphabet in a research note on Tuesday, January 20th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $363.40.
Get Our Latest Stock Analysis on Alphabet
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Investors are looking for major AI announcements at Google I/O, including Gemini upgrades, agentic commerce features, and TPU chip progress, which could reinforce Alphabet’s leadership in AI. Google I/O primer: Alphabet's AI showcase is its chance to wow Wall Street
- Positive Sentiment: Bank of America expects broad AI product updates across Search, Chrome, and Android, supporting the view that Alphabet can keep monetizing AI across its core platforms. Google I/O preview: Bank of America expects major AI push across Search, Chrome, and Android
- Positive Sentiment: Berkshire Hathaway reportedly increased its Alphabet position again, a high-profile signal that some large investors still see upside in the stock. Warren Buffett's Successor, Greg Abel, Just Sold 16 Stocks, but Piled Into an AI Titan That's Now a Top-5 Position for Berkshire Hathaway
- Positive Sentiment: Recent coverage highlights Alphabet’s strong fundamentals, including a powerful earnings beat, cloud backlog growth, and AI-driven efficiency gains, which have helped justify the rally. Alphabet: The $462B Backlog Crushed The Bear Case, But At 30x P/E I'm Trimming To Buy
- Neutral Sentiment: Multiple hedge fund and billionaire portfolio updates show mixed views on Alphabet, with some managers adding while others trimmed positions, which may limit the stock’s near-term reaction. Pershing Square trims Alphabet Class C stake by 5.85M shares
- Negative Sentiment: Alphabet disclosed insider-like selling by a major shareholder, which can create slight pressure if investors interpret it as profit-taking after the recent run-up. SEC filing
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in GOOG. Brighton Jones LLC increased its stake in shares of Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock valued at $22,901,000 after acquiring an additional 6,410 shares in the last quarter. Worldquant Millennium Advisors LLC increased its stake in shares of Alphabet by 76.2% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider's stock valued at $330,886,000 after acquiring an additional 806,681 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Alphabet in the 2nd quarter valued at $658,000. Financial Advisors Network Inc. increased its stake in shares of Alphabet by 7.7% in the 2nd quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider's stock valued at $1,409,000 after acquiring an additional 565 shares in the last quarter. Finally, Ausdal Financial Partners Inc. increased its stake in shares of Alphabet by 10.7% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider's stock valued at $6,618,000 after acquiring an additional 3,616 shares in the last quarter. Institutional investors own 27.26% of the company's stock.
About Alphabet
(
Get Free Report)
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.
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