Alphabet Inc. $GOOGL Shares Sold by Cidel Asset Management Inc.

Key Points

• Cidel Asset Management reduced its Alphabet position by 6.6% in the second quarter, selling 2,470 shares and retaining 34,778 shares valued at approximately $12.4 million. Institutional investors and hedge funds collectively own 40.03% of the stock.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $422.16; recent targets range from $410 to $450.
• Alphabet reported quarterly revenue of $119.80 billion and EPS of $9.11, exceeding estimates, while insiders sold roughly $12.0 million in stock over the past 90 days. The company also pays a quarterly dividend of $0.22, or $0.88 annually.

Cidel Asset Management Inc. reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,778 shares of the information services provider's stock after selling 2,470 shares during the quarter. Cidel Asset Management Inc.'s holdings in Alphabet were worth $12,429,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of GOOGL. Lifetime Wealth Management P.C. acquired a new position in shares of Alphabet during the 4th quarter worth approximately $32,000. EMC Capital Management acquired a new stake in Alphabet in the 4th quarter valued at $33,000. Bard Associates Inc. acquired a new stake in Alphabet in the 4th quarter valued at $52,000. Van Den Berg Management I Inc. increased its holdings in Alphabet by 319.6% in the 1st quarter. Van Den Berg Management I Inc. now owns 214 shares of the information services provider's stock worth $61,000 after acquiring an additional 163 shares in the last quarter. Finally, Graney & King LLC increased its holdings in Alphabet by 38.5% in the 2nd quarter. Graney & King LLC now owns 180 shares of the information services provider's stock worth $64,000 after acquiring an additional 50 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GOOGL has been the topic of a number of research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $420.00 price target (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Jefferies Financial Group reiterated a "buy" rating on shares of Alphabet in a research note on Monday, June 22nd. Royal Bank Of Canada reissued an "outperform" rating and set a $425.00 target price on shares of Alphabet in a report on Thursday, July 23rd. Evercore restated an "outperform" rating and issued a $450.00 price objective on shares of Alphabet in a report on Wednesday, September 16th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $410.00 target price on shares of Alphabet in a research note on Thursday, September 3rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $422.16.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 82 shares of Alphabet stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $337.71, for a total transaction of $27,692.22. Following the transaction, the director directly owned 18,995 shares of the company's stock, valued at $6,414,801.45. The trade was a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 450,875 shares of company stock worth $11,984,482. Insiders own 11.61% of the company's stock.

Alphabet Stock Performance

NASDAQ GOOGL opened at $354.97 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The stock's fifty day moving average is $345.25 and its two-hundred day moving average is $345.54. The firm has a market capitalization of $4.34 trillion, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 1.01 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.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (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 business had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. On average, research analysts anticipate that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet's dividend payout ratio is currently 4.42%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet introduced new Gemini voice-AI models, strengthening its push into conversational assistants and potentially expanding Gemini’s consumer and commercial use cases. Alphabet pushes deeper into voice AI with new Gemini models
• Positive Sentiment: Google opened pre-orders for its $899 Googlebook AI laptop, giving Alphabet a potential new hardware channel for Gemini adoption and AI-related revenue growth. Google's $899 Googlebook is a bet that you'll buy a new laptop for Gemini
• Positive Sentiment: Google is lining up additional nuclear power for its AI infrastructure. Georgia Power agreed to upgrades at two nuclear plants that could add about 96 megawatts, while Kairos Power selected Samsung C&T to help build a 50-megawatt demonstration reactor targeted for completion by 2030. These arrangements could improve long-term access to reliable electricity, although the benefits are several years away. Southern Co unit signs deal with Google to add nuclear capacity
• Positive Sentiment: Analyst-related coverage remained supportive, including a higher fiscal-2026 EPS forecast from Erste Group Bank and continued investor interest in Alphabet’s multiple ways to monetize AI across Search, Cloud, and consumer products. Alphabet FY2026 EPS Forecast Increased by Erste Group Bank
• Neutral Sentiment: Alphabet, NVIDIA, and Emerald AI formed an alliance to develop power-flexible AI data centers. The initiative may help address grid constraints, but also highlights the substantial electricity and infrastructure requirements of Alphabet’s AI expansion.
• Neutral Sentiment: Google agreed to report child sexual-abuse material directly to Indian authorities, a compliance change that may improve regulatory relationships but adds to scrutiny of the company’s content-moderation practices. Google to report child abuse content directly to Indian authorities
• Negative Sentiment: Ireland’s Data Protection Commission fined Google €403 million, or approximately $463 million, over the processing of users’ location data. The penalty is manageable relative to Alphabet’s scale but raises ongoing regulatory, privacy, and potential compliance-cost concerns. Irish regulator fines Google €403 million over location data processing

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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