Alphabet Inc. $GOOGL Shares Sold by Aubrey Capital Management Ltd

Key Points

• Aubrey Capital Management reduced its Alphabet stake by 14.6% in the second quarter, selling 1,900 shares and retaining 11,100 shares valued at approximately $3.97 million. Alphabet represented 2.4% of the firm’s portfolio.
• Alphabet reported strong quarterly results, with earnings of $9.11 per share and revenue of $119.8 billion, exceeding analyst expectations of $2.89 per share and $117.07 billion, respectively.
• Wall Street remains bullish, with the stock carrying an average “Buy” rating and a consensus price target of $420.19 versus a recent price of $338.50. Alphabet also declared a quarterly dividend of $0.22 per share.

Aubrey Capital Management Ltd trimmed its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 14.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,100 shares of the information services provider's stock after selling 1,900 shares during the period. Alphabet comprises 2.4% of Aubrey Capital Management Ltd's investment portfolio, making the stock its 16th biggest holding. Aubrey Capital Management Ltd's holdings in Alphabet were worth $3,965,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. EMC Capital Management acquired a new position in shares of Alphabet in the fourth quarter worth $33,000. Lifetime Wealth Management P.C. purchased a new position in Alphabet in the fourth quarter valued at $32,000. IFC & Insurance Marketing Inc. acquired a new position in Alphabet during the 4th quarter worth $38,000. Bard Associates Inc. acquired a new position in Alphabet during the 4th quarter worth $52,000. Finally, Graney & King LLC increased its holdings in Alphabet by 38.5% during the 2nd quarter. Graney & King LLC now owns 180 shares of the information services provider's stock worth $64,000 after purchasing an additional 50 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

NASDAQ GOOGL opened at $338.50 on Monday. The firm's fifty day moving average price is $346.75 and its 200 day moving average price is $343.88. Alphabet Inc. has a 12 month low of $235.84 and a 12 month high of $408.61. 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 company has a market capitalization of $4.14 trillion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 0.98 and a beta of 1.22.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share 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 firm had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. On average, sell-side analysts expect that Alphabet Inc. will post 20.52 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be given a $0.22 dividend. 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 dividend payout ratio is 4.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GOOGL shares. Rosenblatt Securities reaffirmed a "buy" rating and issued a $410.00 price target on shares of Alphabet in a research report on Thursday, September 3rd. Truist Financial set a $420.00 price objective on Alphabet and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Citizens Jmp restated a "market outperform" rating and set a $515.00 target price on shares of Alphabet in a research note on Wednesday, July 22nd. Morgan Stanley set a $400.00 target price on shares of Alphabet and gave the company an "overweight" rating in a report on Thursday, July 23rd. Finally, Wells Fargo & Company set a $411.00 target price on shares of Alphabet and gave the company an "overweight" rating in a report on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $420.19.

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 112 shares of the business's stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total value of $39,343.36. Following the completion of the sale, the director owned 18,833 shares in the company, valued at approximately $6,615,656.24. The trade was a 0.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the sale, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 450,875 shares of company stock worth $11,984,482. 11.61% of the stock is owned by corporate insiders.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google agreed to secure nuclear power for 22 years, reportedly locking in roughly half of a plant’s output through 2049. The deal could provide more predictable electricity costs and reliable power for energy-intensive AI data centers, strengthening Alphabet’s infrastructure position. Alphabet Jumps 2.5% After Locking In 22 Years of Nuclear Power
• Positive Sentiment: Google completed its acquisition of AI startup Mechanize in a deal reportedly valued at more than $1.5 billion. Mechanize’s former CEO and other employees are joining Google, potentially adding talent focused on AI agents and automation. Google just completed its $1.5 billion-plus deal for AI startup Mechanize
• Positive Sentiment: Investor commentary highlighted Alphabet’s strong AI and cloud outlook. Google Cloud is reportedly growing 82% year over year, while Alphabet’s Gemini technology is expanding into professional video-editing software, supporting the case that AI can broaden enterprise revenue beyond search advertising. Microsoft Vs. Alphabet: The Enterprise Fight No One Saw Coming
• Positive Sentiment: Recent coverage continues to present Alphabet as attractively valued relative to its growth prospects. The company’s latest reported quarter exceeded expectations, with earnings of $9.11 per share versus a $2.89 consensus estimate and revenue of $119.8 billion versus $117.07 billion expected.
• Neutral Sentiment: Alphabet’s inclusion among major AI and cloud beneficiaries, along with Berkshire Hathaway’s reported position in the company, may support investor interest but does not represent a new operating catalyst. Berkshire Hathaway Has a New Top Holding, and It Dominates Its Market
• Negative Sentiment: A law firm said it is continuing an investigation into possible federal securities-law violations involving Alphabet. The announcement does not establish wrongdoing, but it introduces a potential legal and reputational overhang. Securities Fraud Investigation Into Alphabet Continues
• Negative Sentiment: Alphabet faces scrutiny over the scale of AI infrastructure spending, potential financing pressure across the AI industry, and electricity-demand concerns related to new data centers. Finland opposition parties have warned that Google’s expansion could strain local power supplies and raise energy costs. Finland Risks Strained Power Supply After Google AI Deal

Alphabet Company Profile

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet's largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.

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