Alphabet Inc. $GOOGL Stock Holdings Decreased by Eaton Financial Holdings Company LLC

Key Points

• Eaton Financial Holdings reduced its Alphabet position by 11.4% in the second quarter, selling 2,899 shares and retaining 22,517 shares valued at approximately $8.05 million. Hedge funds and institutional investors collectively own about 40.03% of Alphabet.
• Wall Street sentiment remains positive, with six Strong Buy and 44 Buy ratings versus four Holds. Alphabet has an average rating of “Buy” and an average price target of $420.19.
• Alphabet reported quarterly revenue of $119.80 billion, exceeding analysts’ $117.07 billion estimate, while shares opened at $348.06. The company also announced a quarterly dividend of $0.22 per share, representing a 0.3% annualized yield.

Eaton Financial Holdings Company LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 11.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,517 shares of the information services provider's stock after selling 2,899 shares during the quarter. Alphabet accounts for about 2.2% of Eaton Financial Holdings Company LLC's holdings, making the stock its 13th largest position. Eaton Financial Holdings Company LLC's holdings in Alphabet were worth $8,047,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. EMC Capital Management purchased a new stake in shares of Alphabet in the fourth quarter valued at $33,000. Lifetime Wealth Management P.C. acquired a new stake in shares of Alphabet in the fourth quarter worth $32,000. IFC & Insurance Marketing Inc. acquired a new position in Alphabet during the fourth quarter valued at $38,000. Bard Associates Inc. purchased a new stake in Alphabet in the 4th quarter worth about $52,000. Finally, Uniplan Investment Counsel Inc. purchased a new stake in Alphabet in the 4th quarter worth about $65,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GOOGL. KeyCorp lifted their target price on Alphabet from $425.00 to $445.00 and gave the company an "overweight" rating in a research note on Friday, July 10th. UBS Group reduced their price target on shares of Alphabet from $400.00 to $379.00 and set a "neutral" rating for the company in a research report on Thursday, July 23rd. Dbs Bank raised their price target on shares of Alphabet from $400.00 to $460.00 in a report on Thursday, May 7th. Rothschild & Co Redburn boosted their price objective on shares of Alphabet from $390.00 to $430.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Finally, Roth Capital reiterated a "buy" rating and issued a $440.00 target price (up from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, Alphabet has an average rating of "Buy" and an average price target of $420.19.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet reportedly plans to move all Pixel smartphone manufacturing out of China by 2027, shifting production to Vietnam and India. The move could diversify its supply chain and reduce geopolitical and tariff-related exposure, although execution and transition costs remain considerations. Google plans to move all Pixel manufacturing out of China by 2027: report
• Positive Sentiment: A review of second-quarter consumer-internet results described Alphabet as the standout performer, reinforcing the investment case based on its operating momentum and market position. Consumer internet Q2 earnings: Alphabet simply the best
• Positive Sentiment: Marvell’s newly announced custom-chip agreement with Google is drawing significant attention ahead of Marvell’s earnings. The deal highlights Alphabet’s continued investment in custom AI infrastructure and could improve computing efficiency while increasing competitive pressure on Broadcom. Marvell Earnings Are Coming. Google Agreement Likely to Be Biggest Talking Point.
• Positive Sentiment: Alphabet was among the large social-media and technology companies trading higher as investors rotated within the sector. The move reflects supportive broader sentiment, though it is not a company-specific catalyst. Snap rises, Meta and Alphabet tick up
• Neutral Sentiment: Articles highlighted Alphabet as a relatively attractively valued Magnificent Seven company and noted that prominent investors Stanley Druckenmiller and Dan Loeb bought the stock. These views may support sentiment, but they are not new operating developments. Billionaires piled into this AI stock
• Negative Sentiment: Prediction-market odds suggest Google could delay the next Gemini Pro release beyond September 30. A delay could leave Alphabet without a new flagship AI product in the near term and raise concerns about the pace of its generative-AI rollout. Gemini Pro delay leaves Google with an empty flagship tier

Alphabet Stock Up 0.9%

Shares of Alphabet stock opened at $348.06 on Tuesday. Alphabet Inc. has a 12-month low of $205.28 and a 12-month high of $408.61. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average price of $351.57 and a two-hundred day moving average price of $341.41. The stock has a market capitalization of $4.26 trillion, a P/E ratio of 17.48, a PEG ratio of 0.97 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating 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 company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Equities analysts expect that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be paid a $0.22 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is presently 4.42%.

Insider Activity

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business's stock in a transaction on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Kent Walker sold 8,998 shares of the business's stock in a transaction 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 transaction, the insider directly owned 75,290 shares of the company's stock, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 451,945 shares of company stock worth $12,382,714. Insiders own 11.61% of the company's stock.

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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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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