Alphabet Inc. $GOOGL Shares Sold by KBC Group NV

KBC Group NV cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 9.6% during the second quarter, HoldingsChannel.com reports. The fund owned 906,165 shares of the information services provider’s stock after selling 96,724 shares during the quarter. Alphabet makes up 0.7% of KBC Group NV’s holdings, making the stock its 20th largest position. KBC Group NV’s holdings in Alphabet were worth $323,836,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GOOGL. Souders Financial Advisors boosted its stake in Alphabet by 5.7% during the 2nd quarter. Souders Financial Advisors now owns 16,117 shares of the information services provider’s stock worth $5,760,000 after purchasing an additional 873 shares during the period. GWN Securities Inc. increased its stake in Alphabet by 1.6% in the second quarter. GWN Securities Inc. now owns 7,491 shares of the information services provider’s stock valued at $2,677,000 after purchasing an additional 117 shares during the period. Parr Mcknight Wealth Management Group LLC raised its holdings in shares of Alphabet by 20.4% in the second quarter. Parr Mcknight Wealth Management Group LLC now owns 48,614 shares of the information services provider’s stock valued at $17,373,000 after buying an additional 8,238 shares during the last quarter. PDS Planning Inc raised its holdings in shares of Alphabet by 1.8% in the second quarter. PDS Planning Inc now owns 44,471 shares of the information services provider’s stock valued at $15,893,000 after buying an additional 790 shares during the last quarter. Finally, Marin Bay Wealth Advisors LLC boosted its stake in shares of Alphabet by 6.4% during the second quarter. Marin Bay Wealth Advisors LLC now owns 8,068 shares of the information services provider’s stock worth $2,883,000 after buying an additional 484 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the sale, the chief accounting officer owned 27,386 shares of the company’s stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frances Arnold sold 82 shares of the firm’s stock in a transaction on 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 transaction, the director owned 18,914 shares of the company’s stock, valued at approximately $6,305,738.46. This represents a 0.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 451,945 shares of company stock worth $12,382,714 over the last ninety days. 11.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on GOOGL. Canaccord Genuity Group boosted their price target on Alphabet from $415.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Alphabet in a research note on Tuesday, April 28th. Guggenheim reiterated a “buy” rating and issued a $450.00 price objective (up from $375.00) on shares of Alphabet in a research report on Thursday, April 30th. KeyCorp boosted their price objective on shares of Alphabet from $425.00 to $445.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research report on Friday, July 17th. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $420.19.

Alphabet Trading Down 0.3%

Shares of Alphabet stock opened at $346.96 on Wednesday. The company has a 50-day moving average of $351.05 and a two-hundred day moving average of $341.51. Alphabet Inc. has a 12-month low of $205.65 and a 12-month high of $408.61. 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 market cap of $4.24 trillion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 0.98 and a beta of 1.24.

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

Alphabet Announces Dividend

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

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway significantly increased its Alphabet position. Berkshire’s second-quarter filing reportedly showed an 83% increase in its stake to approximately $37.8 billion, making Alphabet one of its largest holdings. The purchase may reinforce investor confidence in Alphabet’s valuation, cash generation and AI growth prospects. Berkshire Boosts Its Bet: This AI Hyperscaler Is Now a Top-3 Holding
• Positive Sentiment: Google expanded Gemini Enterprise into legal and financial services. New specialized AI agents and tools could help Google Cloud monetize Gemini, compete with Anthropic and OpenAI, and deepen relationships with high-value enterprise customers. Google expands Gemini AI platform for law firms, lawyers
• Positive Sentiment: Alphabet-owned Waymo is expanding internationally. Waymo plans to test autonomous vehicles in Munich and launch commercial driverless rides in Germany in 2027, its first European market. The move supports the long-term growth case for Alphabet’s autonomous-driving investments, although near-term financial benefits are likely limited. Waymo to begin testing autonomous vehicles in Munich
• Positive Sentiment: Google’s in-house TPU strategy is attracting attention. Reports that TPU volume could potentially triple by 2027 suggest growing demand for Google’s AI infrastructure and could improve cloud economics while reducing reliance on Nvidia hardware. Google TPU Volume Could Triple to 8.8 Million by 2027
• Neutral Sentiment: Google reportedly plans to move Pixel manufacturing out of China by 2027. Shifting production to Vietnam and India could diversify supply chains, but relocation costs and execution risks make the immediate earnings impact uncertain. Google plans to move all Pixel manufacturing out of China by 2027
• Negative Sentiment: Pomerantz LLP announced an investigation into claims on behalf of Alphabet investors. The notice provides few details, but securities-law investigations can create headline risk, potential legal expenses and uncertainty for shareholders. Investor Alert: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Alphabet
• Negative Sentiment: Possible delays to a new Gemini Pro release may be weighing on AI sentiment. Reports that a flagship Gemini update may not arrive before late September could raise concerns about Google’s pace of innovation as competition from Anthropic and OpenAI intensifies. Gemini Pro delay leaves Google with an empty flagship tier

Alphabet Company Profile

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.