2019 Gp L.L.C. Gv Sells 20,534 Shares of Alphabet (NASDAQ:GOOG) Stock

Alphabet Inc. (NASDAQ:GOOG) major shareholder 2019 Gp L.L.C. Gv sold 20,534 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $18.68, for a total value of $383,575.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

2019 Gp L.L.C. Gv also recently made the following trade(s):

• 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 24th, 2019 Gp L.L.C. Gv sold 23,417 shares of Alphabet stock. The stock was sold at an average price of $18.88, for a total value of $442,112.96.
• On Thursday, July 23rd, 2019 Gp L.L.C. Gv sold 63,297 shares of Alphabet stock. The shares were 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 shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25.
• On Thursday, May 14th, 2019 Gp L.L.C. Gv sold 60,077 shares of Alphabet stock. The stock was sold at an average price of $23.01, for a total transaction of $1,382,371.77.

Alphabet Trading Up 1.9%

NASDAQ GOOG traded up $6.07 during trading on Tuesday, reaching $332.64. 8,695,862 shares of the stock traded hands, compared to its average volume of 21,505,627. The firm has a market cap of $4.03 trillion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 1.08 and a beta of 1.23. The stock’s 50-day moving average price is $359.30 and its 200 day moving average price is $337.61. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a fifty-two week low of $188.70 and a fifty-two week high of $404.47.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.87 by $6.24. The firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.31 earnings per share. Analysts predict that Alphabet Inc. will post 17.25 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be given a $0.22 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is currently 4.42%.

Hedge Funds Weigh In On Alphabet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Imprint Wealth LLC bought a new stake in shares of Alphabet in the third quarter valued at about $31,000. Nvest Wealth Strategies Inc. bought a new position in shares of Alphabet during the fourth quarter worth about $38,000. Lifetime Wealth Management P.C. acquired a new stake in Alphabet in the 4th quarter valued at approximately $38,000. Bard Associates Inc. bought a new stake in Alphabet in the 4th quarter valued at approximately $41,000. Finally, Towne Trust Company N.A lifted its stake in Alphabet by 34.0% in the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after acquiring an additional 34 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Q2 results provided the main bullish catalyst: revenue rose 24.2% year over year to $119.8 billion, while EPS of $9.11 substantially exceeded the $2.87 consensus estimate. Google Cloud growth and continued strength in Search and YouTube are helping investors view AI investments as potentially monetizable. Alphabet Q2 Strength Reinforces The Bullish Case
• Positive Sentiment: Phillip Securities upgraded Alphabet from “moderate buy” to “strong-buy,” adding to a generally favorable analyst view. KeyCorp also modestly raised its FY2028 EPS estimate to $17.88 from $17.80. Analysts set Google stock price target
• Positive Sentiment: Asset Management One added approximately 117,216 Alphabet shares, worth about $41.9 million, in its latest portfolio disclosure. This signals continued institutional interest following the earnings-related pullback. Asset Management One fund update
• Positive Sentiment: YouTube reached a multiyear agreement to include Peacock content for U.S. YouTube Premium subscribers, potentially strengthening the platform’s entertainment offering and subscription value. YouTube and Peacock agreement
• Neutral Sentiment: The stock’s rebound reflects dip-buying after its post-earnings selloff, but shares remain below their 200-day moving average, indicating that technical momentum is not yet fully repaired.
• Negative Sentiment: Alphabet lifted its 2026 capital-expenditure forecast to roughly $195 billion-$205 billion. Investors worry that the AI infrastructure buildout could pressure free cash flow and returns before revenue catches up. Hyperscalers face higher capital expenditure scrutiny
• Negative Sentiment: European rivals may seek as much as $10 billion in damages after a roughly $1 billion Digital Markets Act fine related to Google’s alleged self-preferencing and app-store practices. The potential litigation adds regulatory and financial uncertainty. Google rivals seek damages after EU fine

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of research analyst reports. Wedbush started coverage on Alphabet in a research note on Thursday, July 16th. They issued an “outperform” rating and a $445.00 target price for the company. Piper Sandler reaffirmed an “overweight” rating and set a $395.00 price target (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $420.00 price objective (down from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. BMO Capital Markets boosted their price objective on Alphabet from $455.00 to $465.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, TD Cowen reissued a “buy” rating and set a $475.00 target price on shares of Alphabet in a research note on Thursday, July 23rd. Seven analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Buy” and a consensus target price of $410.09.

Alphabet Company Profile

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.