2,512 Alphabet Inc. $GOOGL Shares Sold by Cim Investment Management Inc.

Cim Investment Management Inc. cut its position in Alphabet Inc. (NASDAQ:GOOGL) by 8.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,409 shares of the information services provider’s stock after selling 2,512 shares during the period. Alphabet accounts for about 2.4% of Cim Investment Management Inc.’s investment portfolio, making the stock its 7th biggest position. Cim Investment Management Inc.’s holdings in Alphabet were worth $10,153,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GOOGL. State Street Corp lifted its stake in Alphabet by 5.6% in the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock valued at $85,403,303,000 after buying an additional 12,718,127 shares in the last quarter. Diamant Asset Management Inc. boosted its position in Alphabet by 28,950.0% during the 1st quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider’s stock worth $2,671,986,000 after acquiring an additional 9,259,940 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Alphabet by 90.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider’s stock worth $4,900,078,000 after acquiring an additional 8,112,680 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of Alphabet by 127.9% in the fourth quarter. Corient Private Wealth LLC now owns 11,677,886 shares of the information services provider’s stock valued at $3,655,178,000 after purchasing an additional 6,554,842 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in shares of Alphabet by 45.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 13,737,125 shares of the information services provider’s stock valued at $4,299,721,000 after purchasing an additional 4,313,745 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Down 0.5%

Shares of Alphabet stock traded down $1.83 on Tuesday, hitting $340.92. The company had a trading volume of 20,695,938 shares, compared to its average volume of 30,942,648. Alphabet Inc. has a 1 year low of $235.84 and a 1 year high of $408.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The stock has a market capitalization of $4.17 trillion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 1.00 and a beta of 1.22. The stock has a 50 day moving average of $343.94 and a 200-day moving average of $346.96.

Alphabet (NASDAQ:GOOGL) last released 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. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The company had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. As a group, sell-side analysts forecast that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Dividend Announcement

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

Insider Buying and Selling

In other Alphabet news, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frances Arnold sold 82 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $337.71, for a total value of $27,692.22. Following the transaction, the director directly owned 18,995 shares in the company, valued at approximately $6,414,801.45. This represents a 0.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 441,316 shares of company stock worth $8,648,795. Insiders own 11.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Piper Sandler lifted their price target on shares of Alphabet from $395.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday. Evercore reissued an “outperform” rating and set a $450.00 target price on shares of Alphabet in a report on Wednesday, September 16th. KeyCorp raised their target price on shares of Alphabet from $425.00 to $445.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Monday, June 22nd. Finally, Barclays reiterated an “overweight” rating and issued a $425.00 price target (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $425.60.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s AI growth story remains a key bullish catalyst. Gemini adoption across Search, advertising and Cloud, along with expanding AI infrastructure, could create multiple growth engines. GOOGL’s Prospects Ride on AI Initiatives
• Positive Sentiment: Piper Sandler raised its Alphabet price target to $400 from $395 and maintained an overweight rating, citing potential for Google’s externally sold TPU business to reach $104 billion in revenue by 2028. Piper Sandler sees Google TPU sales hitting $104 billion by 2028
• Positive Sentiment: Google Cloud expanded its partnership with Thales to secure and govern agentic AI workflows, potentially strengthening enterprise demand for Gemini and Google Cloud services. Thales Expands Collaboration with Google Cloud
• Positive Sentiment: Google’s Gemini is powering the new U.S. government website America.gov alongside xAI’s Grok, providing a high-profile validation of Alphabet’s AI technology. New AI-powered government website uses Gemini and Grok
• Neutral Sentiment: Netlist sought a U.S. import ban on Micron memory chips used in AI systems involving Google and other companies. The case could affect supply chains, but no immediate operational impact on Alphabet was reported. Netlist seeks U.S. import ban on Micron chips
• Negative Sentiment: Google appealed EU orders requiring it to open Android access to rival AI services and provide search data to competing search engines. Investors are concerned about privacy risks, weaker competitive advantages and possible disruption to Google’s business model. Google challenges EU orders
• Negative Sentiment: Alphabet also faces continued European regulatory risk, including a €403 million privacy fine related to historical location-data practices. Rising AI capital spending and competition from Meta add further near-term investor concerns. Google’s €403 million privacy fine

Alphabet Profile

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.