2019 Gp L.L.C. Gv Sells 118,138 Shares of Alphabet (NASDAQ:GOOG) Stock

Alphabet Inc. (NASDAQ:GOOG) major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

2019 Gp L.L.C. Gv also recently made the following trade(s):

• On Monday, July 27th, 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26.
• On Monday, July 20th, 2019 Gp L.L.C. Gv sold 18,386 shares of Alphabet stock. The shares were sold at an average price of $18.87, for a total transaction of $346,943.82.
• On Friday, July 17th, 2019 Gp L.L.C. Gv sold 20,534 shares of Alphabet stock. The stock was sold at an average price of $18.68, for a total value of $383,575.12.
• On Friday, July 24th, 2019 Gp L.L.C. Gv sold 23,417 shares of Alphabet stock. The shares were sold at an average price of $18.88, for a total value of $442,112.96.
• On Thursday, July 23rd, 2019 Gp L.L.C. Gv sold 63,297 shares of Alphabet stock. The shares were sold at an average price of $19.06, for a total value of $1,206,440.82.
• On Friday, May 15th, 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25.
• On Thursday, May 14th, 2019 Gp L.L.C. Gv sold 60,077 shares of Alphabet stock. The stock was sold at an average price of $23.01, for a total value of $1,382,371.77.

Alphabet Stock Down 0.6%

NASDAQ:GOOG opened at $333.68 on Friday. The stock has a 50-day simple moving average of $356.27 and a 200 day simple moving average of $337.78. Alphabet Inc. has a 52-week low of $188.70 and a 52-week high of $404.47. The company has a market cap of $4.04 trillion, a PE ratio of 16.76, a PEG ratio of 0.94 and a beta of 1.23. 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 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 return on equity of 51.32% and a net margin of 54.77%.The firm had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $116.53 billion. During the same quarter in the previous year, the business posted $2.31 EPS. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. On average, sell-side analysts expect that Alphabet Inc. will post 20.52 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be 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 of this dividend is Friday, September 4th. Alphabet’s payout ratio is currently 4.42%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is expanding its AI capabilities. Google DeepMind introduced Gemini Robotics 2, designed to control the full bodies of humanoid robots, while Google said internal AI tools helped it fix more Chrome security bugs in June than during the previous two years. These developments highlight potential long-term opportunities beyond search and advertising. Gemini Robotics 2
• Positive Sentiment: Analyst support remains favorable. Erste Group raised its FY2026 earnings forecast to $20.50 per share from $14.27, above the roughly $20.15 consensus. Separate reports also cited upgrades and price targets materially above recent trading levels.
• Neutral Sentiment: Google is committing further capital to AI infrastructure. Banks are reportedly discussing up to $15 billion in financing for an Anthropic data center backed by Google, potentially strengthening Google Cloud’s strategic position. However, guarantees for power and lease obligations could increase Alphabet’s financial commitments. Anthropic data center financing
• Negative Sentiment: AI Overviews may be disrupting Google’s referral ecosystem. Reddit’s CEO said AI Overviews have not generated value comparable to the traditional “10 blue links,” while Reddit is receiving less referral traffic. This raises questions about publisher relationships, content supply and the potential effect of AI search on Google’s broader web ecosystem. Reddit CEO comments on AI Overviews
• Negative Sentiment: Microsoft’s stronger market reaction underscored investor concerns. Microsoft’s Azure and Copilot results reinforced its AI leadership, highlighting the competitive challenge to Google Cloud. At the same time, Alphabet insiders and several funds reported share sales, adding to cautious sentiment after the earnings-related pullback.

Analyst Ratings Changes

Several equities research analysts have issued reports on GOOG shares. DZ Bank raised shares of Alphabet to a “strong-buy” rating in a research report on Thursday, July 23rd. BMO Capital Markets raised their price objective on Alphabet from $455.00 to $465.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. KeyCorp set a $445.00 target price on Alphabet in a research report on Friday, July 10th. Pivotal Research upped their target price on Alphabet from $470.00 to $475.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Alphabet in a research report on Thursday, July 23rd. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $410.09.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GOOG. Processus Wealth & Capital Management LLC raised its holdings in shares of Alphabet by 1.0% in the 2nd quarter. Processus Wealth & Capital Management LLC now owns 20,553 shares of the information services provider’s stock valued at $7,262,000 after purchasing an additional 200 shares during the period. Ballast Inc. grew its holdings in Alphabet by 15.5% during the second quarter. Ballast Inc. now owns 15,191 shares of the information services provider’s stock worth $5,367,000 after purchasing an additional 2,034 shares during the period. GoalFusion Wealth Management LLC grew its holdings in Alphabet by 34.4% during the second quarter. GoalFusion Wealth Management LLC now owns 2,073 shares of the information services provider’s stock worth $733,000 after purchasing an additional 531 shares during the period. Insight Wealth Strategies LLC increased its position in Alphabet by 2.2% during the second quarter. Insight Wealth Strategies LLC now owns 12,674 shares of the information services provider’s stock worth $4,536,000 after buying an additional 273 shares during the last quarter. Finally, Accel Wealth Management raised its stake in Alphabet by 1.0% in the second quarter. Accel Wealth Management now owns 4,250 shares of the information services provider’s stock valued at $1,502,000 after buying an additional 43 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Company 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.