Alphabet Inc. $GOOGL Shares Sold by Nissay Asset Management Corp Japan

Key Points

• Nissay Asset Management Japan reduced its Alphabet stake by 5.1%, selling 84,603 shares in the second quarter and retaining 1.56 million shares valued at approximately $558.2 million.
• Alphabet reported a strong quarter, with EPS of $9.11 versus the $2.89 consensus and revenue of $119.8 billion compared with estimates of $117.07 billion. Analysts maintain a consensus “Buy” rating with an average price target of $420.19.
• Alphabet’s AI and cloud expansion remains a key focus, including a $1.5 billion-plus acquisition and a long-term nuclear-power agreement, though the company faces scrutiny over AI infrastructure spending, electricity demand and a securities-law investigation.

Nissay Asset Management Corp Japan cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,561,902 shares of the information services provider's stock after selling 84,603 shares during the period. Alphabet comprises about 2.4% of Nissay Asset Management Corp Japan's investment portfolio, making the stock its 11th biggest holding. Nissay Asset Management Corp Japan's holdings in Alphabet were worth $558,177,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GOOGL. EMC Capital Management acquired a new stake in shares of Alphabet during the fourth quarter worth approximately $33,000. Lifetime Wealth Management P.C. bought a new stake in shares of Alphabet in the 4th quarter worth about $32,000. IFC & Insurance Marketing Inc. bought a new stake in shares of Alphabet in the 4th quarter worth about $38,000. Bard Associates Inc. acquired a new stake in shares of Alphabet in the 4th quarter valued at about $52,000. Finally, Graney & King LLC raised its stake in shares of Alphabet by 38.5% in the 2nd quarter. Graney & King LLC now owns 180 shares of the information services provider's stock valued at $64,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Key Headlines 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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GOOGL shares. Piper Sandler reiterated an "overweight" rating and issued a $395.00 price target (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Phillip Securities upgraded Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 27th. Citizens Jmp reaffirmed a "market outperform" rating and set a $515.00 target price on shares of Alphabet in a report on Wednesday, July 22nd. Morgan Stanley set a $400.00 target price on Alphabet and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $420.00 price target (down from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Five investment 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $420.19.

Alphabet Stock Performance

Shares of GOOGL stock opened at $338.50 on Friday. 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 firm has a market capitalization of $4.14 trillion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 0.96 and a beta of 1.22. The business has a 50 day simple moving average of $346.75 and a 200 day simple moving average of $343.66.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. The company had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. On average, equities research analysts anticipate that Alphabet Inc. will post 20.52 EPS for the current year.

Alphabet Dividend Announcement

The company 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 $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet's dividend payout ratio is 4.42%.

Insider Transactions at Alphabet

In other Alphabet news, Director John Hennessy sold 1,050 shares of the business's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the sale, the director directly owned 1,481 shares in the company, valued at approximately $545,941.03. The trade was a 41.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Walker sold 8,998 shares of the firm'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 ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 451,925 shares of company stock valued at $12,371,544. Company insiders own 11.61% of the company's stock.

About Alphabet

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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