Alphabet Inc. $GOOG Stock Position Lowered by Commerzbank Aktiengesellschaft FI

Key Points

• Commerzbank Aktiengesellschaft FI reduced its Alphabet position by 26.5% in the second quarter, selling 14,960 shares and retaining 41,568 shares valued at approximately $14.7 million.
• Alphabet reported strong quarterly results, with revenue up 24.2% year over year to $119.8 billion and earnings of $9.11 per share, well above the $2.87 consensus estimate. Analysts maintain a “Buy” consensus with an average price target of $415.55.
• Alphabet declared a quarterly dividend of $0.22 per share, equivalent to an annualized $0.88 dividend and a 0.3% yield, while institutional investors collectively own 27.26% of the stock.

Commerzbank Aktiengesellschaft FI decreased its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 26.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 41,568 shares of the information services provider's stock after selling 14,960 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Alphabet were worth $14,687,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Auto Owners Insurance Co boosted its position in shares of Alphabet by 38,409.2% in the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider's stock worth $5,643,262,000 after buying an additional 179,369,280 shares during the period. J. Stern & Co. LLP grew its holdings in shares of Alphabet by 28,482.8% during the fourth quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider's stock valued at $35,174,429,000 after buying an additional 111,699,704 shares in the last quarter. Norges Bank acquired a new position in Alphabet during the fourth quarter valued at $18,093,665,000. Cardano Risk Management B.V. raised its position in Alphabet by 850.3% during the fourth quarter. Cardano Risk Management B.V. now owns 17,692,600 shares of the information services provider's stock valued at $5,551,938,000 after buying an additional 15,830,754 shares during the period. Finally, Vanguard Group Inc. raised its position in Alphabet by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider's stock valued at $132,114,125,000 after buying an additional 8,128,234 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Price Performance

GOOG opened at $341.75 on Monday. The stock has a fifty day moving average price of $350.34 and a 200 day moving average price of $339.69. 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 1 year low of $202.13 and a 1 year high of $404.47. The stock has a market cap of $4.18 trillion, a price-to-earnings ratio of 17.16, a PEG ratio of 0.96 and a beta of 1.23.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, topping 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 company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. During the same period in the prior year, the firm posted $2.31 EPS. The business's revenue was up 24.2% compared to the same quarter last year. Analysts forecast that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet's payout ratio is presently 4.42%.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the transaction, the director owned 1,481 shares in the company, valued at approximately $545,941.03. This represents a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm's stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 451,945 shares of company stock worth $12,382,714. Corporate insiders own 12.99% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI infrastructure expansion: Alphabet’s expanded custom-silicon relationship with Marvell covers components connected to Google’s TPU ecosystem, including inference accelerators, networking, storage, and memory products. The agreement gives Alphabet more supply-chain flexibility and supports continued AI capacity growth, although it may increase dependence on multiple chip partners. Jensen Huang Thinks This Chip Stock Could Hit $1 Trillion
• Positive Sentiment: Waymo growth: Alphabet’s autonomous-driving unit received approval to operate thousands of robotaxis in Nevada and has expanded its lower-cost next-generation vehicles to riders in Los Angeles, Phoenix, and San Francisco. Waymo also introduced a custom AI chip designed to reduce reliance on Nvidia and AMD, potentially improving long-term economics. Robotaxi Permits in Nevada
• Positive Sentiment: Investor and analyst support: Berkshire Hathaway significantly increased its Alphabet position, reinforcing the view that the company fits a value-oriented investment strategy. Rosenblatt initiated coverage with a “Buy” rating, while analysts continue to point to resilient Search, fast-growing Cloud, and strong earnings momentum. Berkshire’s Alphabet Investment
• Neutral Sentiment: DeepMind leadership transition: Nobel Prize-winning co-founder Demis Hassabis is moving from day-to-day management to chairman and chief scientist roles, while Koray Kavukcuoglu will oversee operations. The change could improve Alphabet-wide AI coordination, but investors may monitor execution and retention risks. DeepMind Leadership Change
• Negative Sentiment: Firebase enforcement risk: Indian authorities directed Google to remove hundreds of Firebase accounts allegedly used in bank impersonation scams. The action could increase compliance costs and renew concerns about misuse of Alphabet’s platforms. India Orders Removal of Firebase Accounts

Analysts Set New Price Targets

A number of brokerages have commented on GOOG. DZ Bank upgraded Alphabet to a "strong-buy" rating in a research report on Thursday, July 23rd. TD Cowen reiterated a "buy" rating and issued a $475.00 target price on shares of Alphabet in a report on Thursday, July 23rd. Roth Capital increased their price target on shares of Alphabet from $435.00 to $440.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Oppenheimer reissued an "outperform" rating and issued a $400.00 price target (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a report on Friday, July 17th. Six investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of "Buy" and an average price target of $415.55.

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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