AXQ Capital LP Reduces Stock Position in Alphabet Inc. $GOOG

Key Points

• AXQ Capital LP cut its Alphabet stake by 58.6% in the second quarter, selling 5,418 shares and retaining 3,829 shares valued at approximately $1.35 million.
• Other hedge funds initiated positions in Alphabet, while insiders sold 451,925 shares worth about $12.4 million over the past 90 days. Institutional investors own 27.26% of the company, and insiders hold 12.99%.
• Analysts maintain a consensus “Buy” rating with a $415.55 price target, supported by Alphabet’s 24.2% year-over-year revenue growth and quarterly earnings that exceeded estimates.

AXQ Capital LP lessened its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 58.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,829 shares of the information services provider's stock after selling 5,418 shares during the period. AXQ Capital LP's holdings in Alphabet were worth $1,353,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Alphabet in the second quarter worth $29,000. Imprint Wealth LLC purchased a new stake in Alphabet during the third quarter valued at $31,000. Lifetime Wealth Management P.C. bought a new position in Alphabet in the fourth quarter valued at about $38,000. Bard Associates Inc. bought a new position in Alphabet in the fourth quarter valued at about $41,000. Finally, Toth Financial Advisory Corp purchased a new position in Alphabet in the second quarter worth about $41,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The SEC filing for this sale provides additional information. Insiders have sold 451,925 shares of company stock valued at $12,371,544 over the last ninety days. 12.99% of the stock is owned by insiders.

Analysts Set New Price Targets

GOOG has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price target on Alphabet from $460.00 to $420.00 and set an "overweight" rating for the company in a research note on Thursday, July 23rd. Wells Fargo & Company dropped their price objective on shares of Alphabet from $418.00 to $411.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a research report on Friday, July 17th. Stifel Nicolaus set a $420.00 target price on shares of Alphabet in a report on Wednesday, May 20th. Finally, DZ Bank raised shares of Alphabet to a "strong-buy" rating in a report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $415.55.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s AI expansion remains the main bullish catalyst. WeatherNext 3 is being integrated into Search, Maps and Gemini, while new voice-driven Gemini features are rolling out in Gmail, Docs and Keep, creating potential for broader user engagement and monetization. Alphabet Just Gave Search, Maps and Gemini a New AI Advantage
• Positive Sentiment: Analyst optimism is building around Google Cloud, AI services, hardware and long-term earnings growth. Wolfe Research named Alphabet a top pick for 2027, while other coverage highlights strong recent Cloud growth and a median price target well above current trading levels. Alphabet Stock Opinions on Strong Cloud Growth Prospects
• Positive Sentiment: A federal judge declined to force a breakup of Google’s ad-technology business, reducing the most severe regulatory risk, although operational restrictions remain. The decision also supports Alphabet’s ability to retain its existing ad-tech infrastructure. Google Spared From Ad-Business Breakup
• Neutral Sentiment: Alphabet’s clean-energy partnerships, including Google-backed battery storage and geothermal projects, strengthen power availability for data centers but are unlikely to materially affect near-term earnings. Google’s New Energy Project Gives Eos Energy a Key Technology Validation
• Negative Sentiment: Investors remain concerned that Alphabet’s roughly $44.9 billion quarterly capital expenditure pushed free cash flow negative for the first time since its IPO. The spending may support future AI and Cloud returns, but it increases execution risk and weighs on near-term valuation. 3 Stocks Built for Higher Rates
• Negative Sentiment: Stronger-than-expected employment data lifted Treasury yields and reduced expectations for near-term rate cuts, pressuring large technology stocks. Alphabet also faces investor concern over delayed Gemini releases, ongoing ad-tech remedies, and shareholder securities-fraud investigations. Securities Fraud Investigation Into Alphabet

Alphabet Stock Performance

Alphabet stock opened at $335.31 on Monday. The stock has a market cap of $4.10 trillion, a P/E ratio of 16.84, a PEG ratio of 0.97 and a beta of 1.21. 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 Inc. has a 1 year low of $232.38 and a 1 year high of $404.47. The firm's 50 day moving average price is $346.96 and its 200-day moving average price is $340.95.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.87 by $6.24. The firm had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company's quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.31 earnings per share. On average, equities analysts predict that Alphabet Inc. will post 20.5 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet's dividend payout ratio is currently 4.42%.

Alphabet Company Profile

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source