Alphabet Inc. $GOOGL Shares Sold by Tudor Financial Inc.

Key Points

• Tudor Financial cut its Alphabet position by 59.1% in the second quarter, selling 3,741 shares and retaining 2,585 shares valued at approximately $924,000.
• Other institutional investors were generally net buyers, while Alphabet insiders sold 450,875 shares worth about $11.98 million over the past three months. Institutional investors own 40.03% of the company, compared with 11.61% held by insiders.
• Alphabet reported quarterly revenue of $119.8 billion and earnings per share of $9.11, exceeding expectations. Analysts maintain a consensus “Buy” rating with an average price target of $420.78, versus a reported share price near $342.87.

Tudor Financial Inc. lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 59.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,585 shares of the information services provider's stock after selling 3,741 shares during the quarter. Tudor Financial Inc.'s holdings in Alphabet were worth $924,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. LifePlan Investment Advisors Inc. boosted its holdings in shares of Alphabet by 11.7% in the second quarter. LifePlan Investment Advisors Inc. now owns 2,885 shares of the information services provider's stock valued at $1,031,000 after acquiring an additional 303 shares in the last quarter. NWF Advisory Services Inc. lifted its position in Alphabet by 4.3% in the second quarter. NWF Advisory Services Inc. now owns 12,723 shares of the information services provider's stock valued at $4,547,000 after purchasing an additional 519 shares during the period. Tassel Capital Management Inc. acquired a new stake in Alphabet in the second quarter valued at about $268,000. TD Waterhouse Canada Inc. boosted its holdings in Alphabet by 8.8% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,534,475 shares of the information services provider's stock valued at $554,591,000 after purchasing an additional 124,315 shares in the last quarter. Finally, Premier Path Wealth Partners LLC boosted its holdings in Alphabet by 4.3% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 52,793 shares of the information services provider's stock valued at $18,867,000 after purchasing an additional 2,182 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Activity

In related news, Director Frances Arnold sold 82 shares of the business's stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $337.71, for a total value of $27,692.22. Following the completion of the transaction, the director owned 18,995 shares of the company's stock, valued at approximately $6,414,801.45. The trade was a 0.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, the chief accounting officer owned 27,386 shares in the company, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 450,875 shares of company stock worth $11,984,482 over the last three months. 11.61% of the stock is currently owned by corporate insiders.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: A consortium of 10 banks is reportedly providing a $22 billion chip loan to support Crux AI, Alphabet’s new cloud venture with Blackstone. The financing could accelerate data-center capacity and strengthen Alphabet’s position in AI infrastructure. Banks provide $22 billion chip loan to Blackstone, Alphabet cloud venture
• Positive Sentiment: Google is launching agentic commerce tools for retailers ahead of the holiday season, potentially increasing product-discovery activity, advertising demand and merchant adoption of Google’s AI services. Google Debuts Agentic Tools to Prep Retailers for Holidays
• Positive Sentiment: Alphabet agreed to its largest carbon-removal purchase yet through a Brazilian Terradot project. Separately, Google and Nvidia launched an alliance to make AI data centers more flexible and reduce power-grid strain—helpful developments as electricity availability becomes a constraint on AI growth. Google agrees biggest carbon-removal deal yet
• Positive Sentiment: Alphabet could benefit financially from a potential Anthropic IPO through its reported 14% ownership stake, cloud relationship and chip agreements, although the timing and valuation remain uncertain. What the Anthropic IPO Means for Amazon and Alphabet Investors

Analyst Ratings Changes

GOOGL has been the subject of a number of analyst reports. Morgan Stanley set a $400.00 target price on Alphabet and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Zacks Research cut Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Wells Fargo & Company set a $411.00 target price on Alphabet and gave the company an "overweight" rating in a report on Thursday, July 23rd. Phillip Securities upgraded shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 27th. Finally, KeyCorp upped their price target on shares of Alphabet from $425.00 to $445.00 and gave the stock an "overweight" rating in a research note on Friday, July 10th. Five research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Alphabet presently has a consensus rating of "Buy" and a consensus price target of $420.78.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $342.87 on Thursday. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.19 trillion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 1.00 and a beta of 1.22. The firm has a 50-day moving average price of $345.59 and a two-hundred day moving average price of $344.63. Alphabet Inc. has a twelve month low of $235.84 and a twelve month 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, topping analysts' consensus estimates of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. As a group, research analysts expect that Alphabet Inc. will post 20.52 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, September 4th. Alphabet's payout ratio is 4.42%.

Alphabet Company 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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