Alphabet (NASDAQ:GOOGL) Major Shareholder 2019 Gp L.L.C. Gv Sells 87,475 Shares

Key Points

• Alphabet major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company on May 15 at an average price of $23.75, totaling about $2.08 million. The filing also notes a prior sale of 60,077 shares on May 14.
• Alphabet’s stock was trading near $396.94, and the company remains heavily followed by analysts with a Moderate Buy consensus and an average price target of $411.23. Recent research firms such as Bank of America and New Street Research have raised their targets.
• The article highlights several positive fundamentals for Alphabet, including a strong latest earnings report, a small dividend increase to $0.22 per share quarterly, and continued investor optimism around its AI leadership ahead of Google I/O.

Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

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

• On Thursday, May 14th, 2019 Gp L.L.C. Gv sold 60,077 shares of Alphabet stock. The shares were sold at an average price of $23.01, for a total transaction of $1,382,371.77.

Alphabet Trading Up 0.0%

Shares of Alphabet stock traded up $0.16 during trading on Monday, reaching $396.94. 26,758,409 shares of the stock were exchanged, compared to its average volume of 31,664,449. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock's fifty day moving average is $329.30 and its 200 day moving average is $317.61. The firm has a market cap of $4.81 trillion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 1.70 and a beta of 1.26. Alphabet Inc. has a 1 year low of $162.00 and a 1 year high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. As a group, equities research analysts expect that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 8th. This is an increase from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet's payout ratio is currently 6.41%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Investors are looking ahead to Google I/O, where Alphabet is expected to showcase major AI updates across Gemini, Search, Android, Chrome, agentic commerce, and its TPU chips — a key opportunity to reinforce its leadership in the AI race. Google I/O primer: Alphabet's AI showcase is its chance to wow Wall Street
• Positive Sentiment: Arete Research raised its price target on Alphabet to $425 from $405 and reiterated a Buy rating, signaling further upside from current levels. MarketScreener
• Positive Sentiment: Berkshire Hathaway reportedly more than tripled its Alphabet stake, a notable vote of confidence from a major long-term investor and a signal that large institutions still see value in the stock. Warren Buffett Successor Greg Abel Just More Than Tripled Berkshire's Stake in This "Magnificent Seven" Stock. Is It a Buy?
• Positive Sentiment: Coverage continues to highlight Alphabet’s strong AI-driven rally, with articles noting that the company has been re-rated by Wall Street as a full-stack AI winner and may still have room to run. Alphabet Stock Nears $5 Trillion Market Cap. What's Driving the Rally.
• Neutral Sentiment: Alphabet is also in the spotlight for settling a youth mental health lawsuit tied to YouTube, which removes a legal overhang but is unlikely to be a major stock driver on its own. Alphabet Balances Youth Safety Settlement With New AI Growth Plans
• Neutral Sentiment: Some recent commentary suggests investors are divided on how much more upside Alphabet has after its sharp run, indicating a possible pause if expectations become too high ahead of Google I/O. Some Very Smart Money Can't Agree On What To Do With Alphabet's Soaring Stock

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of research reports. Bank of America increased their price target on shares of Alphabet from $370.00 to $430.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Sanford C. Bernstein reissued a "market perform" rating and issued a $390.00 price target (up from $345.00) on shares of Alphabet in a research note on Thursday, April 30th. Phillip Securities raised their target price on shares of Alphabet from $340.00 to $395.00 and gave the company a "moderate buy" rating in a research note on Wednesday, April 15th. Wall Street Zen raised shares of Alphabet from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Finally, New Street Research raised their target price on shares of Alphabet from $380.00 to $450.00 and gave the company a "buy" rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $411.23.

Institutional Investors Weigh In On Alphabet

A number of institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in Alphabet in the fourth quarter worth approximately $30,534,239,000. Berkshire Hathaway Inc bought a new stake in shares of Alphabet during the 3rd quarter valued at $4,338,397,000. Cardano Risk Management B.V. raised its position in shares of Alphabet by 855.3% during the 4th quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider's stock valued at $4,546,413,000 after purchasing an additional 13,004,828 shares during the period. Vanguard Group Inc. raised its position in shares of Alphabet by 2.4% during the 4th 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 period. Finally, Capital World Investors increased its holdings in Alphabet by 28.0% in the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock valued at $12,910,542,000 after acquiring an additional 11,605,785 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

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.

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