Alphabet Inc. $GOOGL Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division trimmed its position in Alphabet Inc. (NASDAQ:GOOGL) by 7.6% in the second quarter, Holdings Channel reports. The firm owned 45,247 shares of the information services provider’s stock after selling 3,704 shares during the quarter. Alphabet accounts for 1.3% of Moody National Bank Trust Division’s holdings, making the stock its 13th biggest holding. Moody National Bank Trust Division’s holdings in Alphabet were worth $16,170,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GOOGL. Brighton Jones LLC increased its holdings in shares of Alphabet by 3.9% in the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after acquiring an additional 4,110 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Alphabet by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after purchasing an additional 506 shares during the last quarter. Matrix Asset Advisors Inc. NY lifted its stake in Alphabet by 17.6% during the second quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider’s stock worth $685,000 after purchasing an additional 581 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Alphabet by 11.2% in the second quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider’s stock worth $85,557,000 after purchasing an additional 48,805 shares during the period. Finally, United Bank boosted its holdings in Alphabet by 6.9% in the second quarter. United Bank now owns 48,204 shares of the information services provider’s stock worth $8,495,000 after purchasing an additional 3,120 shares during the period. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GOOGL. Citigroup restated an “outperform” rating on shares of Alphabet in a research report on Monday, May 4th. Barclays restated an “overweight” rating and issued a $425.00 target price (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. Zacks Research upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Loop Capital raised their price target on Alphabet from $355.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Dbs Bank boosted their price objective on Alphabet from $400.00 to $460.00 in a research report on Thursday, May 7th. Six research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $419.86.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $343.80 on Wednesday. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The stock has a 50 day simple moving average of $354.94 and a 200-day simple moving average of $340.84. The company has a market cap of $4.20 trillion, a PE ratio of 17.27, a P/E/G ratio of 1.00 and a beta of 1.24. Alphabet Inc. has a 12-month low of $196.60 and a 12-month high of $408.61.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.89 by $6.22. The firm had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. On average, equities research analysts forecast that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s dividend payout ratio (DPR) is 4.42%.

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 82 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $333.39, for a total value of $27,337.98. Following the completion of the sale, the director owned 18,914 shares of the company’s stock, valued at $6,305,738.46. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The disclosure for this sale is available in the SEC filing. Insiders have sold 600,547 shares of company stock valued at $16,255,540 in the last ninety days. Company insiders own 11.61% of the company’s stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google’s Gemini app surpassed 1 billion monthly active users, marking a major distribution milestone that could strengthen Alphabet’s AI ecosystem, user engagement and monetization potential. Google’s Gemini app surges to one billion users
• Positive Sentiment: Ryanair signed a five-year Google Cloud agreement to deploy Gemini and DeepMind models for crew scheduling and operational decisions, providing evidence of enterprise demand for Alphabet’s AI and cloud offerings. Ryanair signs five-year Google Cloud deal
• Positive Sentiment: Alphabet’s increased AI investment continues to attract investor interest, with analysts highlighting the company’s momentum and potential beneficiaries of its planned data-center spending. However, the scale of investment remains a key debate. Alphabet’s Higher AI Spending Could Boost These ETFs
• Neutral Sentiment: Alphabet’s earnings influence on broader S&P 500 growth underscores its importance to market performance, but it also makes the stock more sensitive to shifts in technology-sector sentiment and portfolio positioning. Tech Stocks Have Stumbled
• Negative Sentiment: Alphabet remains exposed to more than 3,000 youth-addiction lawsuits alleging that social-media platforms were designed to harm young users. The litigation could create financial liability and increase regulatory pressure. Social media platforms still facing thousands of user addiction lawsuits
• Negative Sentiment: A French newspaper group asked regulators to investigate Google’s AI-generated search summaries, arguing they divert traffic from publishers. Similar disputes could raise compliance costs and threaten parts of Google’s search economics. French media asks French anti-trust watchdog to act on Google’s AI
• Negative Sentiment: AI data centers face significant power and infrastructure constraints, adding execution risk to Alphabet’s large capital-spending plans and raising questions about returns on AI investment. AI’s Next Bottleneck Isn’t Chips, It’s Power Infrastructure

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.