Alphabet Inc. $GOOGL Stock Position Cut by Heritage Trust Co

Heritage Trust Co trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,919 shares of the information services provider's stock after selling 2,906 shares during the quarter. Alphabet comprises 1.8% of Heritage Trust Co's holdings, making the stock its 11th biggest position. Heritage Trust Co's holdings in Alphabet were worth $20,699,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Alphabet in the 4th quarter worth $30,534,239,000. Cardano Risk Management B.V. boosted its stake in Alphabet by 855.3% during the fourth quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider's stock valued at $4,546,413,000 after buying an additional 13,004,828 shares in the last quarter. Vanguard Group Inc. grew its holdings in Alphabet by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock worth $165,567,398,000 after acquiring an additional 12,531,695 shares during the period. Capital World Investors grew its holdings in Alphabet by 28.0% during the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock worth $12,910,542,000 after acquiring an additional 11,605,785 shares during the period. Finally, Diamant Asset Management Inc. raised its position in Alphabet by 28,950.0% in the first quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider's stock worth $2,671,986,000 after acquiring an additional 9,259,940 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Price Performance

NASDAQ GOOGL opened at $346.59 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 1 year low of $206.20 and a 1 year high of $408.61. The company has a market cap of $4.24 trillion, a PE ratio of 17.41, a PEG ratio of 0.97 and a beta of 1.24. The stock's 50-day moving average price is $349.62 and its two-hundred day moving average price is $341.74.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.89 by $6.22. The company had revenue of $119.80 billion during 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%. On average, analysts predict that Alphabet Inc. will post 20.5 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed 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 of this dividend 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 currently 4.42%.

Insider Activity

In other news, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares of the company's stock, valued at $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction on Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the transaction, the director owned 1,481 shares in the company, valued at $545,941.03. This represents a 41.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 451,843 shares of company stock worth $12,343,852. Company insiders own 11.61% of the company's stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud and AI remain the main growth drivers. Rising Cloud revenue, AI adoption and a reported $514 billion backlog strengthen Alphabet’s competitive position against Microsoft and Amazon, although capacity constraints could limit near-term execution. Rising Cloud Revenue Strengthens Alphabet Against MSFT & AMZN
• Positive Sentiment: New Gemini and AI Mode features could increase user engagement and monetization. Google is expanding AI Mode to track flight prices and assist with hotel bookings, while reviews of its personal-intelligence tools suggest broader consumer adoption. Employees are also reportedly testing a next-generation Gemini Flash model. Google's AI Mode can now track flight prices, help book hotels, and more
• Positive Sentiment: Analyst sentiment and technical momentum remain favorable. Brokerages maintain an average “Buy” recommendation, while technical commentary points to support above approximately $340. Alphabet’s valuation, margins and cash generation are viewed as attractive relative to many AI peers. Alphabet Receives Average Recommendation of Buy
• Positive Sentiment: Alphabet’s custom-chip strategy is creating demand for AI infrastructure. Marvell’s large Google-related AI-chip opportunity highlights Alphabet’s willingness to invest in proprietary computing capacity, potentially supporting long-term performance and reducing reliance on outside suppliers. Marvell’s Google AI-chip opportunity
• Neutral Sentiment: Google changed its European spam and site-reputation policy. The adjustment is intended to address European Commission concerns and reduce the risk of an antitrust fine, but it may affect how Google ranks publisher content and reflects ongoing regulatory pressure. Google changes spam policy in EU to avert antitrust fine
• Negative Sentiment: Legal risks continue to weigh on the investment case. Multiple law firms announced securities-fraud investigations, while Google agreed to a $353 million settlement with UK app developers. These announcements do not establish wrongdoing but could create financial and reputational costs. Google agrees to settle UK app developers’ lawsuit
• Negative Sentiment: The FTC is reportedly considering action involving YouTube. The investigation concerns account suspensions and possible consumer-protection violations, adding another regulatory overhang for Alphabet. US FTC probes YouTube over social media policies

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Alphabet from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. UBS Group dropped their target price on shares of Alphabet from $400.00 to $379.00 and set a "neutral" rating on the stock in a report on Thursday, July 23rd. Roth Capital reissued a "buy" rating and set a $440.00 target price (up from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a report on Friday, July 17th. Finally, Piper Sandler restated an "overweight" rating and issued a $395.00 price target (down from $445.00) on shares of Alphabet in a research report 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. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Buy" and an average target price of $420.19.

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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