Alphabet Inc. (NASDAQ:GOOG – Get Free Report) major shareholder 2019 Gp L.L.C. Gv sold 60,077 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $23.01, for a total value of $1,382,371.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
2019 Gp L.L.C. Gv also recently made the following trade(s):
- On Friday, May 15th, 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25.
Alphabet Stock Performance
Shares of NASDAQ:GOOG opened at $384.90 on Thursday. The business’s 50-day moving average is $332.59 and its 200 day moving average is $319.68. Alphabet Inc. has a 1 year low of $163.33 and a 1 year high of $404.47. The firm has a market capitalization of $4.66 trillion, a P/E ratio of 29.36, a P/E/G ratio of 1.65 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92.
Alphabet Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is currently 6.41%.
Analysts Set New Price Targets
Several research analysts recently issued reports on GOOG shares. UBS Group reaffirmed a “neutral” rating and set a $348.00 target price (up from $345.00) on shares of Alphabet in a research report on Thursday, February 12th. Truist Financial set a $385.00 target price on Alphabet in a research report on Wednesday, April 22nd. Oppenheimer upped their target price on Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Needham & Company LLC set a $400.00 price target on Alphabet and gave the company a “buy” rating in a research note on Friday, March 13th. Finally, Scotiabank reiterated an “outperform” rating and set a $450.00 price target (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $365.23.
Read Our Latest Research Report on Alphabet
Key Headlines Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google I/O 2026 showcased major AI products and upgrades, including Gemini 3.5 Flash, Gemini Spark, AI-powered Search changes, and new monetization features, reinforcing confidence that Alphabet can monetize AI across its core businesses.
- Positive Sentiment: Alphabet and Blackstone announced a $5 billion AI cloud venture built around Google’s TPU chips, which could expand Google Cloud and strengthen Alphabet’s position in AI infrastructure. Google, Blackstone to create new AI cloud company, WSJ reports
- Positive Sentiment: Wall Street commentary after I/O has been bullish, with multiple firms reiterating Buy/Outperform ratings and higher price targets, suggesting the market sees more upside from Alphabet’s AI strategy.
- Positive Sentiment: Recent coverage says Alphabet’s AI adoption, cloud growth, and record operating margins support the view that the company is not just spending on AI, but improving profitability as well.
- Neutral Sentiment: Some reports note mixed signals from large investors and traders, including portfolio trimming by a few funds and valuation concerns after the stock’s strong run.
- Negative Sentiment: Alphabet also faced headlines about a director sale and a major shareholder reducing its stake, which may create modest short-term pressure as investors lock in gains. TikTok, YouTube lag on UK child safety as rivals act, regulator says
Institutional Trading of Alphabet
Several hedge funds and other institutional investors have recently bought and sold shares of GOOG. Imprint Wealth LLC purchased a new position in Alphabet during the third quarter worth approximately $31,000. Manning & Napier Advisors LLC purchased a new position in Alphabet during the third quarter worth approximately $32,000. Nvest Wealth Strategies Inc. purchased a new position in Alphabet during the fourth quarter worth approximately $38,000. Lifetime Wealth Management P.C. purchased a new position in Alphabet during the fourth quarter worth approximately $38,000. Finally, Bard Associates Inc. purchased a new position in Alphabet during the fourth quarter worth approximately $41,000. 27.26% of the stock is owned by institutional investors and hedge funds.
About Alphabet
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.
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