Alphabet Inc. $GOOGL Holdings Decreased by Quartz Partners LLC

Key Points

• Quartz Partners reduced its Alphabet position by 14% in the second quarter, selling 3,572 shares and retaining 21,946 shares worth approximately $7.84 million. Institutional investors collectively own about 40.03% of Alphabet.
• Alphabet reported strong quarterly results, with earnings per share of $9.11 versus analyst expectations of $2.89 and revenue of $119.80 billion, ahead of the $117.07 billion consensus estimate.
• Analysts remain broadly bullish, with Alphabet carrying a consensus “Buy” rating and an average price target of $420.19. The company also declared a quarterly dividend of $0.22 per share, while recent developments include avoiding a forced ad-tech breakup and expanding Gemini AI features.

Quartz Partners LLC decreased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 14.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,946 shares of the information services provider's stock after selling 3,572 shares during the quarter. Alphabet accounts for 2.6% of Quartz Partners LLC's portfolio, making the stock its 8th largest position. Quartz Partners LLC's holdings in Alphabet were worth $7,843,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of GOOGL. Lifetime Wealth Management P.C. bought a new stake in shares of Alphabet in the 4th quarter worth approximately $32,000. EMC Capital Management bought a new position in shares of Alphabet during the 4th quarter valued at $33,000. IFC & Insurance Marketing Inc. purchased a new position in Alphabet in the 4th quarter worth $38,000. Bard Associates Inc. purchased a new position in Alphabet in the 4th quarter worth $52,000. Finally, iSAM Funds UK Ltd bought a new stake in Alphabet in the third quarter worth $53,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Stock Performance

Shares of GOOGL stock opened at $342.48 on Friday. The firm has a market capitalization of $4.19 trillion, a price-to-earnings ratio of 17.20, a PEG ratio of 0.98 and a beta of 1.22. The stock has a fifty day moving average of $349.00 and a 200 day moving average of $342.64. Alphabet Inc. has a 52 week low of $226.11 and a 52 week high of $408.61. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16.

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, beating analysts' consensus estimates of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. As a group, research analysts expect that Alphabet Inc. will post 20.5 earnings per share for the current year.

Alphabet Announces Dividend

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

Analyst Ratings Changes

Several analysts have issued reports on GOOGL shares. Rosenblatt Securities restated a "buy" rating and set a $410.00 price target on shares of Alphabet in a research report on Thursday. DZ Bank raised Alphabet to a "strong-buy" rating in a research note on Thursday, July 23rd. BMO Capital Markets set a $465.00 target price on Alphabet and gave the company an "outperform" rating in a report on Thursday, July 23rd. Freedom Capital upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Finally, Truist Financial set a $420.00 price target on Alphabet and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Buy" and an average price target of $420.19.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: A federal judge rejected the U.S. government’s request to force Google to sell its AdX advertising exchange and other ad-tech assets. Although Alphabet must change certain business practices, avoiding a breakup preserves the company’s advertising infrastructure and revenue potential. Google defeats US bid to force ad tech sale
• Positive Sentiment: Berkshire Hathaway increased its Alphabet stake, with CEO Greg Abel describing Google as a significant AI player. The investment is a high-profile endorsement of Alphabet’s long-term competitive position in AI. Berkshire CEO Abel says Alphabet a significant player in AI
• Positive Sentiment: Google introduced conversational AI voice features for Gmail, Docs and Keep, expanding Gemini’s integration into widely used Workspace products. A new weather-forecasting model and planned AI image tools also highlight continued product development and potential monetization opportunities. Google launches AI voice features in Gmail, Docs and Keep
• Positive Sentiment: Rosenblatt Securities reaffirmed its buy rating and set a $410 price target. Alphabet will also pay a quarterly dividend of $0.22 per share to eligible shareholders, adding to its shareholder-return appeal. Google to pay dividends this month
• Neutral Sentiment: Alphabet agreed to purchase approximately 396 megawatts of geothermal power from Fervo Energy for a Utah data center, with an expansion option. The deal supports reliable power for AI infrastructure but also underscores the scale and cost of Alphabet’s data-center buildout.
• Negative Sentiment: Investors continue to weigh antitrust-related behavioral remedies, a securities-fraud investigation, insider selling reports and concerns that the promised Gemini 3.5 Pro flagship model remains delayed. These issues could limit sentiment despite the favorable breakup ruling. Securities fraud investigation into Alphabet

Insider Activity at Alphabet

In other news, insider John Walker sold 8,998 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the transaction, the insider owned 75,290 shares of the company's stock, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $3,832,277.26. The disclosure for this sale is available in the SEC filing. Insiders have sold 451,925 shares of company stock worth $12,371,544 over the last ninety days. Corporate insiders own 11.61% 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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