United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $307.45 Million Position in Alphabet Inc. $GOOGL

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 860,323 shares of the information services provider’s stock after selling 37,507 shares during the period. Alphabet comprises about 5.5% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s investment portfolio, making the stock its 2nd largest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Alphabet were worth $307,454,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Alphabet by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock valued at $165,567,398,000 after purchasing an additional 12,531,695 shares during the last quarter. State Street Corp raised its stake in Alphabet by 1.8% during the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock valued at $40,524,841,000 after buying an additional 4,008,374 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Alphabet by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 146,193,037 shares of the information services provider’s stock worth $45,625,595,000 after acquiring an additional 2,666,676 shares in the last quarter. Norges Bank purchased a new stake in shares of Alphabet in the fourth quarter worth $30,534,239,000. Finally, Bank of America Corp DE increased its holdings in shares of Alphabet by 4.9% during the fourth quarter. Bank of America Corp DE now owns 69,108,183 shares of the information services provider’s stock valued at $21,630,861,000 after acquiring an additional 3,218,852 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GOOGL shares. Barclays reaffirmed 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. Mizuho raised their price objective on shares of Alphabet from $420.00 to $460.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, May 4th. Canaccord Genuity Group upped their target price on shares of Alphabet from $415.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, KeyCorp increased their price target on shares of Alphabet from $425.00 to $445.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Six equities research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $420.19.

Alphabet Price Performance

NASDAQ GOOGL opened at $340.65 on Friday. Alphabet Inc. has a one year low of $206.20 and a one year high of $408.61. The stock has a 50-day moving average of $350.06 and a 200 day moving average of $341.71. The company has a market capitalization of $4.17 trillion, a price-to-earnings ratio of 17.11, a PEG ratio of 0.96 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72.

Alphabet (NASDAQ:GOOGL) last posted 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. The business had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, sell-side analysts forecast that Alphabet Inc. will post 20.5 EPS for the current year.

Alphabet Dividend Announcement

The business 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 dividend of $0.22 per share. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio is 4.42%.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $368.63, for a total transaction of $387,061.50. Following the completion of the sale, the director directly owned 1,481 shares in the company, valued at approximately $545,941.03. The trade was a 41.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, 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 SEC filing for this sale provides additional information. Insiders have sold 451,843 shares of company stock worth $12,343,852 in the last three months. 11.61% of the stock is currently owned by company insiders.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is testing Gemini 3.8 Flash internally, suggesting a near-term launch of a faster, lower-cost AI model that could strengthen Alphabet’s competitive position and improve AI product monetization. Google employees are already testing the next Gemini Flash AI model
• Positive Sentiment: Google expanded AI Mode with flight-price tracking, hotel booking assistance and loyalty-point comparisons. The additions could increase user engagement and protect Google’s role in travel-related advertising and transactions. Google’s AI Mode can now track flight prices, help book hotels, and more
• Positive Sentiment: Analyst commentary remains favorable, citing approximately 14.4% advertising growth in the second quarter, AI-enhanced Search and YouTube tools, diversified revenue and a lower valuation than some large technology peers. GOOGL Rides on Strong Advertising Revenues
• Positive Sentiment: Berkshire Hathaway reportedly increased its Alphabet position by 83% to about $37.8 billion, providing a high-profile vote of confidence in Alphabet’s search, cloud and AI growth prospects. Berkshire Boosts Its Bet
• Positive Sentiment: Barret Zoph, a prominent AI researcher and Thinking Machines co-founder, is joining Google as a research vice president. The hire may help address concerns about Google’s recent loss of senior AI talent. Barret Zoph is now at Google
• Neutral Sentiment: Google joined more than 100 technology companies calling for coordinated defenses against AI-related cyber threats. The initiative supports responsible AI adoption but has limited immediate financial impact. Companies call for action against rogue AI
• Negative Sentiment: The FTC is reportedly nearing a potential lawsuit over YouTube account suspensions and alleged consumer-protection violations, adding regulatory uncertainty around the platform. FTC probes YouTube over social media policies
• Negative Sentiment: Google agreed to pay £260 million, or about $353 million, to settle a UK lawsuit brought by app developers, highlighting continuing legal exposure related to its app-distribution practices. Google agrees to settle UK app developers’ lawsuit
• Negative Sentiment: Multiple law firms announced investigations into possible securities-law violations involving Alphabet, which could increase headline risk despite the notices containing no finding of wrongdoing. Pomerantz investor alert
• Negative Sentiment: Alphabet’s AI infrastructure spending remains a concern: servers represented roughly 60% of technical infrastructure investment, while Nvidia-based server prices may rise more than 15%, potentially pressuring capital efficiency and free cash flow. Alphabet infrastructure spending and Nvidia server prices

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.