Alphabet Inc. $GOOGL Shares Sold by CX Institutional

Key Points

• CX Institutional reduced its Alphabet position by 3.1% in the second quarter, selling 4,138 shares and retaining 130,128 shares worth approximately $46.5 million. Institutional investors collectively own 40.03% of Alphabet.
• Alphabet reported strong quarterly results, with earnings of $9.11 per share and revenue of $119.8 billion, both exceeding analyst expectations. Analysts maintain a “Buy” consensus with an average price target of $419.86.
• Insiders sold 600,547 shares worth $16.3 million over the past 90 days, while Alphabet announced a quarterly dividend of $0.22 per share. The company’s AI spending and Google Cloud growth remain key positives, though lawsuits and Waymo safety concerns pose risks.

CX Institutional cut its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 130,128 shares of the information services provider's stock after selling 4,138 shares during the quarter. Alphabet makes up 1.3% of CX Institutional's investment portfolio, making the stock its 14th biggest holding. CX Institutional's holdings in Alphabet were worth $46,504,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Adelphi Trust Co lifted its stake in Alphabet by 0.6% in the second quarter. Adelphi Trust Co now owns 15,510 shares of the information services provider's stock valued at $5,543,000 after buying an additional 90 shares during the last quarter. Trust Co of the South boosted its stake in Alphabet by 18.9% during the 2nd quarter. Trust Co of the South now owns 6,480 shares of the information services provider's stock worth $2,316,000 after purchasing an additional 1,029 shares during the period. Roxbury Financial LLC grew its position in Alphabet by 1.1% during the 2nd quarter. Roxbury Financial LLC now owns 18,086 shares of the information services provider's stock worth $6,463,000 after purchasing an additional 202 shares during the last quarter. Global Wealth Strategies & Associates increased its stake in Alphabet by 4.5% in the second quarter. Global Wealth Strategies & Associates now owns 2,375 shares of the information services provider's stock valued at $849,000 after purchasing an additional 102 shares during the period. Finally, BSN CAPITAL PARTNERS Ltd purchased a new stake in shares of Alphabet in the first quarter valued at about $210,924,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Activity at Alphabet

In other news, insider John Kent Walker sold 8,998 shares of the business's stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the sale, the insider owned 75,290 shares of the company's stock, valued at $26,298,044.10. The trade was a 10.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm's stock in a transaction that occurred 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 600,547 shares of company stock valued at $16,255,540 in the last 90 days. Insiders own 11.61% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Robert W. Baird raised their price target on Alphabet from $380.00 to $400.00 and gave the stock an "outperform" rating in a report on Thursday, April 30th. HSBC reaffirmed a "buy" rating and set a $420.00 price objective (down from $435.00) on shares of Alphabet in a research report on Tuesday, June 2nd. Truist Financial set a $420.00 target price on Alphabet and gave the company a "buy" rating in a report on Thursday, July 23rd. The Goldman Sachs Group increased their price target on Alphabet from $400.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $425.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $419.86.

Alphabet Trading Up 0.9%

NASDAQ:GOOGL opened at $357.52 on Tuesday. Alphabet Inc. has a 1 year low of $196.60 and a 1 year 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. The stock has a fifty day moving average price of $355.30 and a two-hundred day moving average price of $340.74. The stock has a market capitalization of $4.37 trillion, a price-to-earnings ratio of 17.96, a PEG ratio of 0.99 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. As a group, sell-side analysts anticipate that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, September 4th. Alphabet's dividend payout ratio is presently 4.42%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet reportedly raised its 2026 capital-expenditure outlook to approximately $205 billion, signaling strong expected demand for AI computing capacity. The spending could support Google Cloud, data-center growth and Alphabet’s competitive position in AI. Alphabet's Higher AI Spending Could Boost These ETFs
• Positive Sentiment: Google Cloud revenue grew 82% year over year, while its contracted backlog reached roughly $514 billion. Investors view that momentum as evidence that AI adoption may justify Alphabet’s aggressive infrastructure investments and provide a substantial source of future revenue. Alphabet's Cloud Computing Business Just Posted 82% Revenue Growth
• Positive Sentiment: Google Play is adding Venmo as a payment option for apps, games and digital content. The move could make purchases more convenient and modestly support Google’s digital-commerce ecosystem. Google Play adds Venmo as a payment option
• Positive Sentiment: An investment commentary identifies Alphabet as a leading AI stock, reinforcing institutional interest following its strong earnings and AI-related growth outlook. Is Alphabet Still One of the Best AI Stocks to Own?
• Neutral Sentiment: Broader market commentary points to positive technology momentum, possible Federal Reserve liquidity support and recent earnings strength. These factors may help Alphabet’s valuation, but they are marketwide rather than company-specific. Why Momentum, Fed Liquidity, and Tech Suggest More Upside
• Negative Sentiment: Google, along with other social-media platforms, continues to face thousands of lawsuits alleging user addiction. Prolonged litigation could create legal costs, regulatory pressure and reputational risks for Alphabet. Social Media Platforms Still Facing Thousands of User Addiction Lawsuits
• Negative Sentiment: Waymo’s rapid expansion is exposing its autonomous vehicles to more unusual “edge cases.” Although Waymo is an Alphabet subsidiary, continued incidents or safety concerns could increase operating costs and regulatory scrutiny. Waymo Is Growing Faster Than Ever. So Are Its Edge Cases.

About Alphabet

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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