2019 Gp L.L.C. Gv Sells 60,077 Shares of Alphabet (NASDAQ:GOOGL) Stock

Alphabet Inc. (NASDAQ:GOOGL) major shareholder 2019 Gp L.L.C. Gv sold 60,077 shares of the business’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 is available through this link. Large shareholders that own 10% or more 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 Trading Down 2.3%

NASDAQ:GOOGL opened at $387.66 on Wednesday. Alphabet Inc. has a one year low of $162.00 and a one year high of $408.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The company’s 50-day simple moving average is $333.00 and its 200 day simple moving average is $319.32. The firm has a market capitalization of $4.70 trillion, a P/E ratio of 29.57, a PEG ratio of 1.70 and a beta of 1.26.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. As a group, analysts forecast 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. Investors of record on Monday, June 8th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet’s payout ratio is presently 6.41%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Strategic Wealth Advisors LLC raised its holdings in shares of Alphabet by 6.0% during the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider’s stock valued at $137,000 after purchasing an additional 27 shares during the last quarter. Rockbridge Investment Management LCC raised its holdings in shares of Alphabet by 0.5% during the first quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider’s stock valued at $1,570,000 after purchasing an additional 27 shares during the last quarter. Midwest Professional Planners LTD. increased its holdings in Alphabet by 1.2% during the first quarter. Midwest Professional Planners LTD. now owns 2,364 shares of the information services provider’s stock valued at $680,000 after buying an additional 29 shares during the last quarter. Symmetry Partners LLC increased its holdings in Alphabet by 0.4% during the fourth quarter. Symmetry Partners LLC now owns 7,912 shares of the information services provider’s stock valued at $2,476,000 after buying an additional 30 shares during the last quarter. Finally, Private Wealth Management Group LLC increased its holdings in Alphabet by 1.2% during the first quarter. Private Wealth Management Group LLC now owns 2,540 shares of the information services provider’s stock valued at $730,000 after buying an additional 30 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GOOGL shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, May 4th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $390.00 target price (up from $345.00) on shares of Alphabet in a report on Thursday, April 30th. Mizuho lifted their target price on shares of Alphabet from $420.00 to $460.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Truist Financial lifted their target price on shares of Alphabet from $385.00 to $415.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, KeyCorp set a $425.00 target price on shares of Alphabet and gave the stock an “overweight” rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $411.23.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet and Blackstone announced a $5 billion AI infrastructure joint venture to build TPU-powered cloud capacity, which could deepen demand for Google’s custom chips and expand its AI ecosystem. Google, Blackstone to create new AI cloud company, WSJ reports
• Positive Sentiment: Google I/O showcased a broad AI push across Search, Gemini, Workspace, shopping, and video tools, reinforcing the idea that Alphabet is monetizing AI rather than just defending against rivals. Google debuts new AI models, personal AI agents in effort to keep pace with OpenAI and Anthropic
• Positive Sentiment: Analyst sentiment remains constructive, with Arete Research lifting its price target to $425 and maintaining a buy rating, signaling continued upside expectations. Arete Research adjusts price target on Alphabet to $425 from $405
• Positive Sentiment: Alphabet said Gemini now has 900 million monthly users and AI Overviews has 2.5 billion monthly users, suggesting its AI products are already reaching scale. Google kicks off I/O conference with AI upgrades for coders, consumers
• Neutral Sentiment: Alphabet disclosed insider sales by a major shareholder, but the transactions appear routine and are not, by themselves, a strong fundamental signal. SEC filing
• Negative Sentiment: Some investors are uneasy that Google’s AI-heavy search redesign could disrupt the company’s core ad model, especially as the “ten blue links” era fades. Google Search as you know it is over
• Negative Sentiment: There is also headline risk from broader scrutiny around platform responsibility and YouTube youth-safety issues, which may keep some investors cautious. Alphabet’s $5 Trillion Milestone: How AI Ambitions Are Fueling Google’s Record Run

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.