Alphabet Inc. $GOOGL Holdings Trimmed by SWS Partners

Key Points

• SWS Partners cut its Alphabet stake by 21.1% in the second quarter, selling 7,516 shares and retaining 28,144 shares valued at approximately $10.1 million. Institutional investors collectively own 40.03% of Alphabet.
• Alphabet reported strong quarterly results, with EPS of $9.11 versus the $2.89 consensus and revenue of $119.8 billion, exceeding expectations. Analysts maintain a generally bullish outlook, with a consensus “Buy” rating and a $420.19 target price.
• The company declared a quarterly dividend of $0.22 per share, equivalent to an annualized $0.88 dividend and a 0.3% yield; insiders sold 451,945 shares worth $12.4 million over the last quarter.

SWS Partners reduced its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 21.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 28,144 shares of the information services provider's stock after selling 7,516 shares during the quarter. Alphabet comprises about 2.2% of SWS Partners' holdings, making the stock its 10th largest position. SWS Partners' holdings in Alphabet were worth $10,058,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Strategic Wealth Advisors LLC raised its holdings in Alphabet by 6.0% during the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock worth $137,000 after purchasing an additional 27 shares in the last quarter. Rockbridge Investment Management LCC lifted its position in Alphabet by 0.5% in the first quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider's stock valued at $1,570,000 after purchasing an additional 27 shares during the period. Ruggaard & Associates LLC boosted its holdings in Alphabet by 0.9% in the 1st quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider's stock valued at $840,000 after purchasing an additional 27 shares in the last quarter. Cadia Private Client LLC increased its position in Alphabet by 1.1% during the 1st quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider's stock worth $744,000 after purchasing an additional 28 shares during the period. Finally, Evansbrook LLC increased its position in Alphabet by 0.3% during the 1st quarter. Evansbrook LLC now owns 9,522 shares of the information services provider's stock worth $2,738,000 after purchasing an additional 28 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Stock Performance

GOOGL opened at $344.82 on Friday. The stock has a market cap of $4.22 trillion, a P/E ratio of 17.32, a P/E/G ratio of 0.96 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The stock's 50 day simple moving average is $352.00 and its 200 day simple moving average is $341.37. Alphabet Inc. has a 1-year low of $201.30 and a 1-year 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 the consensus estimate of $2.89 by $6.22. The firm had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. As a group, equities analysts anticipate that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Announces Dividend

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

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Rosenblatt upgraded Alphabet to “strong buy” and reiterated a $410 price target, implying substantial upside and reinforcing the bullish view following Alphabet’s strong earnings report. Alphabet upgraded by Rosenblatt Securities
• Positive Sentiment: Alphabet’s AI spending continues to attract major customers and suppliers. Marvell’s custom-chip agreement includes a warrant structure that would require up to $120 billion of cumulative purchases from Google for full vesting, signaling the potentially enormous scale of Alphabet’s TPU and AI infrastructure buildout. Google’s Marvell warrant
• Positive Sentiment: Waymo received approval to operate up to thousands of commercial robotaxis in Nevada and opened its lower-cost next-generation vehicle to riders in Los Angeles, Phoenix, and San Francisco. Lower production and operating costs could improve the long-term economics of Alphabet’s autonomous-driving unit. Waymo Nevada robotaxi approval
• Positive Sentiment: Alphabet’s earnings momentum remains a support for the stock. The company recently exceeded consensus estimates for both adjusted earnings and revenue, while analysts and prominent investors—including Berkshire Hathaway—continue to highlight Alphabet’s AI positioning and valuation.

Insider Transactions at Alphabet

In related news, insider John Kent Walker sold 8,998 shares of the business's stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the sale, the insider directly owned 75,290 shares in the company, valued at $26,298,044.10. The trade was a 10.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 451,945 shares of company stock worth $12,382,714. Corporate insiders own 11.61% of the company's stock.

Analyst Ratings Changes

GOOGL has been the subject of several recent analyst reports. Oppenheimer raised their price target on Alphabet from $425.00 to $445.00 and gave the company an "outperform" rating in a report on Friday, May 15th. UBS Group dropped their price objective on Alphabet from $400.00 to $379.00 and set a "neutral" rating on the stock in a report on Thursday, July 23rd. KeyCorp increased their price objective on Alphabet from $425.00 to $445.00 and gave the stock an "overweight" rating in a research report on Friday, July 10th. China Renaissance raised their target price on Alphabet from $400.00 to $485.00 and gave the company a "buy" rating in a report on Monday, May 4th. Finally, Wedbush restated an "outperform" rating and set a $445.00 target price on shares of Alphabet in a research report on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $420.19.

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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