Key Points
- Alphabet major shareholder 2019 Gp L.L.C. Gv sold 60,077 shares on May 14 at an average price of $23.01, totaling about $1.38 million, according to an SEC filing.
- The same shareholder also sold 87,475 Alphabet shares in a separate transaction on May 15, valued at roughly $2.08 million.
- Despite the insider selling, Alphabet remains in a strong position, with a recent earnings beat, a small dividend increase, and analysts maintaining a Moderate Buy rating with a consensus target price of $411.23.
Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) major shareholder 2019 Gp L.L.C. Gv sold 60,077 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $23.01, for a total value of $1,382,371.77. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 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, 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 value of $2,077,531.25.
Alphabet Price Performance
Shares of Alphabet stock opened at $396.94 on Tuesday. The stock has a 50 day moving average of $331.22 and a 200 day moving average of $318.52. Alphabet Inc. has a 12 month low of $162.00 and a 12 month high of $408.61. The firm has a market cap of $4.81 trillion, a PE ratio of 30.28, a PEG ratio of 1.70 and a beta of 1.26. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating analysts' consensus estimates of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. On average, research analysts expect that Alphabet Inc. will post 14.29 EPS for the current fiscal year.
Alphabet Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. This is an increase from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is 6.41%.
Institutional Investors Weigh In On Alphabet
Institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC lifted its stake in shares of Alphabet by 20.9% during the 1st quarter. Janus Henderson Group PLC now owns 3,078,924 shares of the information services provider's stock worth $885,388,000 after acquiring an additional 531,699 shares during the last quarter. Bull Harbor Capital LLC bought a new stake in shares of Alphabet during the first quarter worth $2,136,000. Strategic Investment Advisors MI lifted its position in shares of Alphabet by 23.3% during the first quarter. Strategic Investment Advisors MI now owns 52,738 shares of the information services provider's stock worth $15,206,000 after purchasing an additional 9,970 shares during the last quarter. Ashton Thomas Securities LLC lifted its holdings in Alphabet by 38.9% during the 1st quarter. Ashton Thomas Securities LLC now owns 37,403 shares of the information services provider's stock valued at $10,756,000 after buying an additional 10,468 shares in the last quarter. Finally, IFS Group LLC bought a new stake in Alphabet during the 1st quarter valued at about $910,000. Institutional investors own 40.03% of the company's stock.
Analysts Set New Price Targets
GOOGL has been the subject of several research reports. Wedbush increased their price objective on shares of Alphabet from $360.00 to $370.00 and gave the company an "outperform" rating in a research report on Thursday, February 5th. DZ Bank reiterated a "buy" rating on shares of Alphabet in a research report on Monday, February 16th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Alphabet in a research note on Monday, May 4th. Pivotal Research raised their price objective on Alphabet from $400.00 to $420.00 and gave the company a "buy" rating in a research note on Thursday, February 5th. Finally, New Street Research raised their price objective on Alphabet from $380.00 to $450.00 and gave the company a "buy" rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $411.23.
View Our Latest Stock Report on GOOGL
Key Headlines Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google and Blackstone reportedly plan to launch a new AI cloud company, a move that could expand demand for Alphabet’s specialized chips and deepen its presence in enterprise AI infrastructure. Google, Blackstone to create new AI cloud company, WSJ reports
- Positive Sentiment: Alphabet is heading into Google I/O with expectations for major AI announcements, and analysts are watching for updates on Gemini, agentic commerce, and in-house TPU chips that could strengthen its competitive position. Google I/O primer: Alphabet's AI showcase is its chance to wow Wall Street
- Positive Sentiment: Arete Research raised its price target on Alphabet to $425 from $405 and kept a buy rating, signaling continued upside confidence from analysts. Arete Research adjusts price target on Alphabet to $425 from $405
- Positive Sentiment: Multiple articles highlighted Alphabet’s strong momentum this year, with AI demand, cloud growth, and Berkshire Hathaway’s much larger stake helping validate the bullish case. Read More.
- Neutral Sentiment: Alphabet disclosed insider-share sales by a major shareholder, but the transactions appear routine and were reported through standard SEC filings. SEC filing
- Negative Sentiment: Alphabet also faces ongoing headline risk from its YouTube youth-safety settlement and broader scrutiny around AI and platform responsibility, though these issues look secondary to the company’s current AI-driven optimism. Alphabet’s $5 Trillion Milestone: How AI Ambitions Are Fueling Google’s Record Run
Alphabet Company Profile
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Get Free Report)
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.
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