Soroban Capital Partners LP Sells 1,444,082 Shares of Alphabet Inc. $GOOG

Soroban Capital Partners LP trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 40.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,131,498 shares of the information services provider’s stock after selling 1,444,082 shares during the period. Alphabet makes up approximately 1.2% of Soroban Capital Partners LP’s portfolio, making the stock its 11th largest holding. Soroban Capital Partners LP’s holdings in Alphabet were worth $611,442,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Imprint Wealth LLC purchased a new position in Alphabet during the third quarter valued at $31,000. Nvest Wealth Strategies Inc. purchased a new position in shares of Alphabet in the fourth quarter worth $38,000. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet during the fourth quarter valued at $38,000. Bard Associates Inc. bought a new position in shares of Alphabet during the fourth quarter valued at $41,000. Finally, Towne Trust Company N.A boosted its position in shares of Alphabet by 34.0% during the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after buying an additional 34 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GOOG. JPMorgan Chase & Co. decreased their target price on Alphabet from $460.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Truist Financial lowered their price objective on shares of Alphabet from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Roth Capital raised their target price on shares of Alphabet from $435.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. KeyCorp set a $445.00 target price on shares of Alphabet in a report on Friday, July 10th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Alphabet in a research report on Wednesday, July 22nd. Seven research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Alphabet has an average rating of “Buy” and an average target price of $410.09.

Alphabet Trading Up 1.8%

Shares of NASDAQ:GOOG opened at $332.60 on Wednesday. The stock’s 50-day simple moving average is $358.25 and its two-hundred day simple moving average is $337.68. The stock has a market capitalization of $4.03 trillion, a price-to-earnings ratio of 16.71, a PEG ratio of 0.95 and a beta of 1.23. Alphabet Inc. has a 52-week low of $188.70 and a 52-week high of $404.47. 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:GOOG) last released its quarterly 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. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. During the same quarter in the prior year, the firm earned $2.31 EPS. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. Analysts expect that Alphabet Inc. will post 19.79 EPS for the current year.

Alphabet Announces Dividend

The firm also recently announced 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. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet’s payout ratio is 4.42%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Strong fundamentals are supporting the rebound. Alphabet’s latest quarter featured 24.2% revenue growth, an EPS beat, and an 82% year-over-year increase in Google Cloud revenue. Analysts and investors argue that AI adoption, Search resilience, YouTube growth, and improving cloud profitability can eventually justify the company’s large infrastructure investments. Alphabet: Buy The Capex-Caused Decline
• Positive Sentiment: Analyst and institutional backing remains constructive. Phillip Securities upgraded Alphabet to “strong buy,” while KeyCorp modestly raised its FY2028 EPS estimate. Asset Management One also added approximately 117,000 GOOGL shares, signaling continued institutional confidence despite recent volatility. Alphabet upgrade
• Positive Sentiment: YouTube expanded its monetization ecosystem. A multiyear agreement will bring Peacock content, including sports and entertainment programming, to YouTube Premium subscribers in the United States, potentially strengthening engagement and subscription value. YouTube and Peacock deal
• Neutral Sentiment: AI remains both the growth engine and the central debate. More than 1,100 technology employees urged governments to establish stronger AI-safety rules. The issue could increase compliance costs, but coordinated regulation may also benefit large, well-funded platforms such as Google over smaller competitors. AI safety plan
• Negative Sentiment: Capital-spending concerns continue to cap enthusiasm. Alphabet’s roughly $195 billion–$205 billion 2026 capex forecast has pushed free cash flow negative and raised questions about returns on AI infrastructure. Investors are looking for evidence that Cloud growth and AI monetization will outpace the spending burden.
• Negative Sentiment: European legal risks are escalating. Following a $1 billion Digital Markets Act fine, rivals could pursue as much as $10 billion in private damages claims, creating potential financial and operational pressure on Google’s European business. Google European damages claims

Insider Buying and Selling at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 23,417 shares of Alphabet stock in a transaction on Friday, July 24th. The shares were sold at an average price of $18.88, for a total transaction of $442,112.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $341.72, for a total transaction of $153,432.28. Following the sale, the chief accounting officer directly owned 27,348 shares of the company’s stock, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 285,049 shares of company stock valued at $10,051,351 in the last quarter. Insiders own 12.99% of the company’s stock.

Alphabet 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.