Tlwm reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 16.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 8,621 shares of the information services provider’s stock after selling 1,679 shares during the quarter. Alphabet makes up about 0.5% of Tlwm’s investment portfolio, making the stock its 15th biggest position. Tlwm’s holdings in Alphabet were worth $3,081,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Baron Wealth Management LLC boosted its holdings in Alphabet by 3.2% in the second quarter. Baron Wealth Management LLC now owns 10,626 shares of the information services provider’s stock worth $3,798,000 after purchasing an additional 329 shares during the period. GK Wealth Management LLC raised its holdings in shares of Alphabet by 778.4% during the second quarter. GK Wealth Management LLC now owns 11,604 shares of the information services provider’s stock worth $4,147,000 after purchasing an additional 10,283 shares during the period. GAMMA Investing LLC lifted its position in shares of Alphabet by 11.9% in the 2nd quarter. GAMMA Investing LLC now owns 174,106 shares of the information services provider’s stock worth $62,220,000 after buying an additional 18,578 shares during the last quarter. Grant Private Wealth Management Inc lifted its position in shares of Alphabet by 4.1% in the 2nd quarter. Grant Private Wealth Management Inc now owns 23,245 shares of the information services provider’s stock worth $8,307,000 after buying an additional 914 shares during the last quarter. Finally, Crescent Sterling Ltd. acquired a new position in shares of Alphabet in the 2nd quarter valued at about $259,000. 40.03% of the stock is currently owned by institutional investors.
Insider Transactions at Alphabet
In related news, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of the sale, the director owned 2,531 shares of the company’s stock, valued at $995,341.06. This represents a 29.32% 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 196,931 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 540,470 shares of company stock valued at $14,873,168. 11.61% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on GOOGL
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet’s Gemini app has surpassed 1 billion monthly active users, strengthening the case that the company’s AI investments are gaining broad consumer adoption. Google’s Gemini app surges to one billion users
- Positive Sentiment: Ryanair signed a five-year Google Cloud agreement to deploy Gemini, DeepMind and Workspace tools across its 35,000 employees, providing another example of enterprise AI monetization. Ryanair signs five-year Google Cloud deal
- Positive Sentiment: Analysts continue to view Alphabet as an attractive AI and cloud investment, citing strong Google Cloud margins and valuation support following its strong second-quarter results. Google Cloud margins supported Alphabet’s stock
- Positive Sentiment: Alphabet unveiled Pixel 11 phones, the Pixel Watch 5, a $29 Pixel Tag and additional Gemini features, expanding its hardware ecosystem and opportunities to distribute AI services. Google unveils Pixel 11 lineup and Gemini features
Alphabet Stock Performance
GOOGL opened at $343.54 on Thursday. The business’s 50 day moving average is $354.63 and its 200-day moving average is $340.94. The stock has a market cap of $4.20 trillion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 0.96 and a beta of 1.24. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a twelve month low of $196.60 and a twelve month high of $408.61.
Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The business had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. On average, analysts predict that Alphabet Inc. will post 20.51 earnings per share for the current year.
Alphabet Announces Dividend
The firm also recently declared 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 4.42%.
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.
Featured Articles
- Five stocks we like better than Alphabet
- GE Vernova’s AI Power Boom Faces a Profit Test
- Cardinal Health Earnings: Can Perfection Get Priced In Twice?
- Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand
- Legacy Jet Builders Stall While Embraer Accelerates to New Highs
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL – Free Report).
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
