Alphabet Inc. $GOOGL Shares Sold by B & T Capital Management DBA Alpha Capital Management

Key Points

• B & T Capital Management reduced its Alphabet stake by 4.3% in the second quarter, selling 1,768 shares and retaining 39,807 shares valued at approximately $14.2 million.
• Other institutional investors initiated positions, while insiders sold 451,925 shares worth $12.4 million over the past three months. Institutional investors and hedge funds own 40.03% of Alphabet, compared with 11.61% held by insiders.
• Alphabet reported quarterly earnings of $9.11 per share and revenue of $119.8 billion, exceeding analyst expectations. Analysts maintain a consensus “Buy” rating with an average price target of $420.19, and the company declared a quarterly dividend of $0.22 per share.

B & T Capital Management DBA Alpha Capital Management reduced its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,807 shares of the information services provider's stock after selling 1,768 shares during the quarter. Alphabet comprises about 1.8% of B & T Capital Management DBA Alpha Capital Management's portfolio, making the stock its 13th largest holding. B & T Capital Management DBA Alpha Capital Management's holdings in Alphabet were worth $14,226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of GOOGL. EMC Capital Management purchased a new position in shares of Alphabet in the fourth quarter worth $33,000. Lifetime Wealth Management P.C. acquired a new stake in shares of Alphabet during the fourth quarter worth $32,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of Alphabet during the fourth quarter valued at $38,000. Bard Associates Inc. purchased a new stake in shares of Alphabet during the fourth quarter valued at $52,000. Finally, Uniplan Investment Counsel Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at $65,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the company's stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. The trade was a 1.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 451,925 shares of company stock valued at $12,371,544. Insiders own 11.61% of the company's stock.

Alphabet Stock Performance

NASDAQ GOOGL opened at $338.50 on Friday. The stock has a 50-day simple moving average of $346.75 and a two-hundred day simple moving average of $343.66. The firm has a market capitalization of $4.14 trillion, a P/E ratio of 17.00, a PEG ratio of 0.98 and a beta of 1.22. Alphabet Inc. has a fifty-two week low of $235.84 and a fifty-two week high of $408.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. On average, equities analysts forecast that Alphabet Inc. will post 20.52 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be issued 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 yield of 0.3%. Alphabet's payout ratio is presently 4.42%.

Alphabet News Roundup

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Jefferies Financial Group restated a "buy" rating on shares of Alphabet in a research note on Monday, June 22nd. DA Davidson set a $350.00 price target on Alphabet and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Needham & Company LLC reissued a "buy" rating and issued a $450.00 price objective on shares of Alphabet in a report on Wednesday, June 3rd. Cantor Fitzgerald restated an "overweight" rating and issued a $420.00 price objective (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Phillip Securities upgraded Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 27th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $420.19.

Alphabet 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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