Alphabet Inc. $GOOGL Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Key Points

• Barrow Hanley Mewhinney & Strauss LLC cut its Alphabet stake by 11.6% in the second quarter, selling 116,896 shares and retaining 894,895 shares valued at approximately $319.8 million. Other institutional investors largely increased their positions, while institutions own about 40% of Alphabet.
• Alphabet reported strong quarterly results, with earnings of $9.11 per share versus the $2.89 consensus estimate and revenue of $119.8 billion versus expectations of $117.07 billion. The company also declared a quarterly dividend of $0.22 per share.
• Alphabet shares opened at $338.46, with analysts maintaining an overall “Buy” rating and an average price target of $420.19. However, insiders sold about 451,925 shares worth $12.4 million over the past 90 days, while concerns remain over rising AI infrastructure spending and its potential effect on profitability.

Barrow Hanley Mewhinney & Strauss LLC trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 11.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 894,895 shares of the information services provider's stock after selling 116,896 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC's holdings in Alphabet were worth $319,809,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of GOOGL. LM Advisors LLC boosted its stake in shares of Alphabet by 235.6% in the 2nd quarter. LM Advisors LLC now owns 46,830 shares of the information services provider's stock valued at $16,734,000 after buying an additional 32,876 shares during the period. Berry Wealth Group LP raised its holdings in Alphabet by 11.2% in the second quarter. Berry Wealth Group LP now owns 2,025 shares of the information services provider's stock valued at $724,000 after acquiring an additional 204 shares in the last quarter. Kendall Capital Management raised its holdings in Alphabet by 1.1% in the second quarter. Kendall Capital Management now owns 19,239 shares of the information services provider's stock valued at $6,875,000 after acquiring an additional 200 shares in the last quarter. Kirtland Hills Capital Management LLC lifted its stake in Alphabet by 0.9% in the second quarter. Kirtland Hills Capital Management LLC now owns 27,315 shares of the information services provider's stock worth $9,762,000 after acquiring an additional 246 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC grew its holdings in Alphabet by 9.6% during the 2nd quarter. Elevation Point Wealth Partners LLC now owns 265,550 shares of the information services provider's stock worth $94,900,000 after acquiring an additional 23,341 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Buying and Selling

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Marsida Saraci sold 449 shares of the company's stock in a transaction dated Wednesday, July 29th. The shares were 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 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. Insiders sold a total of 451,925 shares of company stock worth $12,371,544 in the last 90 days. Company insiders own 11.61% of the company's stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $338.46 on Tuesday. The stock's 50 day moving average price is $348.72 and its 200 day moving average price is $343.12. The company has a market capitalization of $4.14 trillion, a PE ratio of 17.00, a P/E/G ratio of 0.98 and a beta of 1.22. 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 Inc. has a 52-week low of $231.90 and a 52-week 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 for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. The company 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%. On average, research analysts anticipate that Alphabet Inc. will post 20.5 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared 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 is Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio is 4.42%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google expanded its partnership with Cathay Pacific to test AI designed to reduce aircraft contrail warming. Early real-world testing reportedly cut contrail-related warming by 40%, highlighting potential environmental applications for Google’s AI technology. Cathay Pacific, Google expand AI trials to cut climate-warming aircraft contrails
• Positive Sentiment: Pixxel, an Indian satellite startup backed by Google, raised $100 million in new funding. The deal strengthens Alphabet’s exposure to Earth observation, space software and sovereign space systems, although the financial effect on Alphabet itself is likely limited. Google-backed Indian space startup raises $100 million in latest funding round
• Positive Sentiment: Several investment articles argue Alphabet is underappreciated within the “Magnificent Seven,” citing its search and cloud cash flows, AI opportunities and a valuation viewed as reasonable relative to growth. Berkshire Hathaway’s continued Alphabet purchases also provide a prominent vote of confidence.
• Neutral Sentiment: Warren Buffett reportedly initiated Berkshire’s Alphabet investment, while Greg Abel is expected to maintain significant influence over the portfolio. The development is sentiment-positive but does not change Alphabet’s operating outlook.
• Neutral Sentiment: Alphabet’s partnerships with AI companies, including CrowdStrike, reinforce its role in enterprise AI and cybersecurity, but the commercial impact remains uncertain. CrowdStrike unveiled a broad AI security platform push
• Negative Sentiment: Bill Ackman’s fund fully exited Alphabet in the second quarter and bought Netflix instead, citing concern that aggressive AI infrastructure spending could pressure profitability and increase volatility.
• Negative Sentiment: Commentary warns that rising AI capital expenditures are reducing returns on capital and could challenge Alphabet’s traditionally strong financial profile.
• Negative Sentiment: A law firm announced a securities-fraud investigation seeking Alphabet investors, but the announcement provides no finding of wrongdoing and appears primarily to solicit shareholders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GOOGL shares. Loop Capital raised their price objective on shares of Alphabet from $355.00 to $490.00 and gave the company a "buy" rating in a report on Friday, May 15th. Cantor Fitzgerald reissued an "overweight" rating and issued a $420.00 target price (down from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. HSBC restated a "buy" rating and issued a $420.00 price target (down from $435.00) on shares of Alphabet in a research note on Tuesday, June 2nd. Barclays reaffirmed an "overweight" rating and set a $425.00 price objective (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Needham & Company LLC reissued a "buy" rating and set a $450.00 target price on shares of Alphabet in a research report on Wednesday, June 3rd. Five 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target 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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