Ancora Advisors LLC Sells 3,519 Shares of Alphabet Inc. $GOOGL

Ancora Advisors LLC cut its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,308 shares of the information services provider's stock after selling 3,519 shares during the quarter. Ancora Advisors LLC's holdings in Alphabet were worth $31,559,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Lifetime Wealth Management P.C. bought a new position in Alphabet during the 4th quarter valued at $32,000. EMC Capital Management purchased a new position in Alphabet during the 4th quarter worth $33,000. IFC & Insurance Marketing Inc. bought a new stake in shares of Alphabet in the 4th quarter worth $38,000. Bard Associates Inc. bought a new stake in shares of Alphabet in the 4th quarter worth $52,000. Finally, iSAM Funds UK Ltd bought a new stake in shares of Alphabet in the 3rd quarter worth $53,000. Institutional investors own 40.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GOOGL shares. Loop Capital raised their price target on shares of Alphabet from $355.00 to $490.00 and gave the company a "buy" rating in a research report on Friday, May 15th. Pivotal Research reaffirmed a "buy" rating and issued a $475.00 price objective (up from $470.00) on shares of Alphabet in a research report on Thursday, July 23rd. Piper Sandler reiterated an "overweight" rating and issued a $395.00 price objective (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. DA Davidson set a $350.00 target price on shares of Alphabet and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Finally, Oppenheimer upped their target price on Alphabet from $425.00 to $445.00 and gave the company an "outperform" rating in a report on Friday, May 15th. Five investment 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 stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of "Buy" and a consensus target price of $420.19.

Alphabet Trading Down 2.3%

Shares of GOOGL stock opened at $330.65 on Thursday. 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 firm has a market cap of $4.04 trillion, a P/E ratio of 16.61, a PEG ratio of 0.98 and a beta of 1.22. The company has a 50 day moving average of $347.72 and a 200-day moving average of $343.57. Alphabet Inc. has a 12-month low of $235.84 and a 12-month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The business had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. Sell-side analysts anticipate that Alphabet Inc. will post 20.5 earnings per share for the current year.

Alphabet Announces Dividend

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

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google announced plans to invest at least €13 billion ($15 billion) in Finnish data centers and AI infrastructure over the next two years—its largest-ever European investment. The facilities are expected to support Gemini, Search, Maps and YouTube, while a power agreement with Fortum, including nuclear energy, may help address AI’s substantial electricity needs. Google to invest $15 billion AI infrastructure in Finland
• Positive Sentiment: Google Cloud and Accenture launched a joint unit deploying 1,000 engineers to help companies implement AI agents. The initiative could accelerate enterprise adoption of Google’s cloud and AI services and improve monetization of Alphabet’s infrastructure spending. Google Cloud and Accenture AI deployment deal
• Positive Sentiment: Co-founder Sergey Brin is taking a more active role in advancing Gemini, signaling increased founder involvement as Alphabet seeks to strengthen its position in the AI race. Sergey Brin takes bigger role in Google AI
• Neutral Sentiment: Analysts continue to cite Alphabet’s strong return on invested capital, balance sheet and rapidly growing Google Cloud business as long-term strengths. However, the stock’s valuation is being assessed alongside its expanding AI infrastructure commitments.
• Negative Sentiment: The scale of the Finland and broader AI buildout increases capital expenditures and is pressuring free cash flow, creating uncertainty about when the investments will generate sufficient returns.
• Negative Sentiment: Meta’s launch of the paid Muse AI agent raised concerns that autonomous assistants could bypass traditional search results, weakening Alphabet’s search advertising model. Higher Treasury yields are also weighing on high-multiple technology stocks. Meta Muse AI agent pressures Alphabet
• Negative Sentiment: Google warned that EU-mandated changes to its European search results could reduce search quality, increase costs for businesses and potentially affect user engagement. Google warns of lower-quality European search results

Insider Transactions at Alphabet

In related news, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the sale, the chief accounting officer directly owned 27,386 shares in the company, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 disclosure for this sale is available in the SEC filing. Insiders sold 451,925 shares of company stock worth $12,371,544 over the last quarter. 11.61% of the stock is currently owned by corporate insiders.

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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