Alphabet Inc. $GOOGL Stock Position Cut by Maj Invest Holding A S

Key Points

• Maj Invest Holding A S reduced its Alphabet position by 11.7% in the second quarter, selling 43,592 shares and retaining 329,595 shares worth about $117.8 million. Alphabet represents approximately 5.4% of the firm’s portfolio.
• Alphabet reported quarterly EPS of $9.11, well above the $2.89 consensus estimate, while revenue reached $119.8 billion versus expectations of $117.07 billion.
• GOOGL opened at $345.90, below its 52-week high of $408.61. Analysts maintain a consensus “Buy” rating with an average price target of $419.86, and Alphabet declared a quarterly dividend of $0.22 per share.

Maj Invest Holding A S cut its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 11.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 329,595 shares of the information services provider's stock after selling 43,592 shares during the quarter. Alphabet makes up approximately 5.4% of Maj Invest Holding A S's investment portfolio, making the stock its 10th largest holding. Maj Invest Holding A S's holdings in Alphabet were worth $117,785,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GOOGL. NewEdge Wealth LLC grew its stake in Alphabet by 11.8% during the 4th quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider's stock worth $277,696,000 after buying an additional 93,293 shares during the last quarter. PFG Investments LLC raised its stake in Alphabet by 2.6% in the first quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock valued at $25,679,000 after buying an additional 2,269 shares during the last quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust purchased a new stake in Alphabet in the fourth quarter valued at about $28,902,000. W.G. Shaheen & Associates DBA Whitney & Co boosted its holdings in Alphabet by 17.1% in the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 118,966 shares of the information services provider's stock worth $37,236,000 after acquiring an additional 17,415 shares in the last quarter. Finally, KLCM Advisors Inc. grew its stake in shares of Alphabet by 66.1% during the fourth quarter. KLCM Advisors Inc. now owns 22,877 shares of the information services provider's stock worth $7,161,000 after acquiring an additional 9,105 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Down 0.1%

GOOGL stock opened at $345.90 on Friday. The company has a market capitalization of $4.23 trillion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24. Alphabet Inc. has a 12 month low of $196.60 and a 12 month high of $408.61. The firm's fifty day simple moving average is $353.66 and its 200-day simple moving average is $341.10. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $6.22. The firm 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%. As a group, equities research analysts forecast that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared 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 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's dividend payout ratio (DPR) is currently 4.42%.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the completion of the transaction, the director owned 1,481 shares in the company, valued at approximately $545,941.03. This trade represents a 41.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 451,945 shares of company stock worth $12,382,714. Corporate insiders own 11.61% of the company's stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway sharply increased its Alphabet position. Berkshire owned approximately 106 million shares worth $37.9 billion at the end of June after raising its stake by 83% in the second quarter. Alphabet is now Berkshire’s third-largest U.S.-listed equity holding, a high-profile vote of confidence under CEO Greg Abel. Berkshire Hathaway boosts Alphabet to a top three holding
• Positive Sentiment: Alphabet’s SpaceX investment has become exceptionally valuable. The company disclosed that its roughly $900 million investment in SpaceX in 2015 was worth about $94 billion at the end of June. The gain highlights Alphabet’s ability to generate returns from strategic investments, although it is not recurring operating revenue. Alphabet's SpaceX bet grows 100-fold over a decade
• Positive Sentiment: Google launched Gemini 3.7 Flash for coding and automated business workflows. The new model could strengthen Alphabet’s position in enterprise AI and agent-based software, although investors are still awaiting details on the flagship Gemini Pro release. Google unveils Gemini 3.7 Flash AI model
• Neutral Sentiment: Google will let users remove visible watermarks from AI-generated images, videos and songs while retaining invisible SynthID and C2PA metadata. The policy may improve user flexibility but could raise questions about content provenance and misuse. Google will now allow users to remove visible watermark from its AI generations
• Negative Sentiment: AI investment and competitive pressures remain overhangs. Reports cite rising AI capital expenditures and cash-flow pressure, while Nvidia’s large financing arrangement could challenge Alphabet’s custom-chip strategy. Traders also reduced expectations for an imminent Gemini Pro launch. Alphabet's stock slips as Nvidia financing deal threatens custom chips
• Negative Sentiment: Zacks Research downgraded Alphabet from “strong buy” to “hold,” reflecting valuation and spending concerns. In addition, Pomerantz announced an investigation into potential investor claims, creating a modest legal-risk overhang. GOOGL Down 19% From 52-Week High

Analysts Set New Price Targets

Several research firms have recently issued reports on GOOGL. Freedom Capital upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Sanford C. Bernstein reiterated a "market perform" rating and issued a $390.00 target price (up from $345.00) on shares of Alphabet in a research note on Thursday, April 30th. Dbs Bank boosted their target price on shares of Alphabet from $400.00 to $460.00 in a research report on Thursday, May 7th. Arete Research upped their price target on shares of Alphabet from $405.00 to $425.00 and gave the company a "buy" rating in a research note on Monday, May 18th. Finally, DA Davidson set a $350.00 price target on shares of Alphabet and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Alphabet has an average rating of "Buy" and a consensus target price of $419.86.

Alphabet 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.

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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