BDF Gestion Cuts Stock Position in Alphabet Inc. $GOOG

Key Points

• BDF Gestion reduced its Alphabet position by 10.1% in the second quarter, selling 10,740 shares and retaining 95,522 shares valued at approximately $33.8 million. Alphabet remains the firm’s fourth-largest holding and represents 4.2% of its portfolio.
• Analyst sentiment remains positive, with an overall “Buy” rating and an average price target of $410.09, despite some target-price cuts. Seven analysts rate Alphabet a Strong Buy, while 29 rate it a Buy and three assign a Hold rating.
• Alphabet reported stronger-than-expected quarterly results, including $9.11 in earnings per share and $119.8 billion in revenue, up 24.2% year over year. The company also declared a quarterly dividend of $0.22 per share, while insiders sold more than 600,000 shares over the past 90 days.

BDF Gestion trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 10.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,522 shares of the information services provider's stock after selling 10,740 shares during the period. Alphabet accounts for approximately 4.2% of BDF Gestion's holdings, making the stock its 4th biggest position. BDF Gestion's holdings in Alphabet were worth $33,751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in Alphabet by 9.8% during the 2nd quarter. GAMMA Investing LLC now owns 135,341 shares of the information services provider's stock valued at $47,820,000 after acquiring an additional 12,040 shares in the last quarter. Grant Private Wealth Management Inc grew its position in Alphabet by 11.3% in the 2nd quarter. Grant Private Wealth Management Inc now owns 12,027 shares of the information services provider's stock valued at $4,250,000 after buying an additional 1,222 shares in the last quarter. Crescent Sterling Ltd. bought a new position in Alphabet in the 2nd quarter valued at about $412,000. Wisconsin Wealth Advisors LLC increased its stake in Alphabet by 1.3% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider's stock valued at $785,000 after buying an additional 29 shares during the period. Finally, Central Pacific Bank Trust Division increased its stake in Alphabet by 33.0% during the 2nd quarter. Central Pacific Bank Trust Division now owns 15,031 shares of the information services provider's stock valued at $5,311,000 after buying an additional 3,726 shares during the period. Institutional investors own 27.26% of the company's stock.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed a "buy" rating and issued a $475.00 price target on shares of Alphabet in a research note on Thursday, July 23rd. DZ Bank raised Alphabet to a "strong-buy" rating in a report on Thursday, July 23rd. Wedbush started coverage on Alphabet in a research note on Thursday, July 16th. They issued an "outperform" rating and a $445.00 price objective on the stock. Wells Fargo & Company cut their price objective on Alphabet from $418.00 to $411.00 and set an "overweight" rating for the company in a report on Thursday, July 23rd. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $395.00 target price (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Seven analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $410.09.

Insider Activity

In other news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 8,998 shares of the firm's stock in a transaction that occurred 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 sale, the insider owned 75,290 shares of the company's stock, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 600,547 shares of company stock worth $16,255,540 in the last 90 days. Company insiders own 12.99% of the company's stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $375.35 on Wednesday. The stock has a market cap of $4.59 trillion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23. The business has a fifty day simple moving average of $355.49 and a 200-day simple moving average of $338.48. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12 month low of $194.47 and a 12 month high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating the consensus estimate of $2.87 by $6.24. The firm had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.Alphabet's quarterly revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.31 earnings per share. On average, sell-side analysts anticipate that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's payout ratio is 4.42%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Strong earnings and cloud momentum remain the primary catalyst. Alphabet reported quarterly revenue of $119.8 billion, up 24% year over year, while Google Cloud revenue reportedly surged 82% to $24.8 billion. Its $514 billion cloud backlog and broad Gemini Enterprise adoption support the view that AI spending is beginning to generate commercial returns. Alphabet: The $514 Billion Backlog Doesn't Lie
• Positive Sentiment: Alphabet is gaining exposure to several AI growth markets. MediaTek is targeting 15%–20% of the estimated $80 billion custom AI-chip market in 2027, potentially creating an opportunity for Alphabet’s cloud infrastructure. Separately, SpaceX said new computing deals with Google and Anthropic contributed to sharply higher revenue, highlighting demand for Google’s AI-related capacity. MediaTek Wants 20% of Custom AI Chips
• Positive Sentiment: Waymo is providing another long-term growth narrative. Alphabet’s self-driving subsidiary opened its Dallas robotaxi service to the public, while a separate analysis found Waymo vehicles crash substantially less often than human-driven vehicles. Wider availability and safety data could improve investor confidence in Waymo’s commercialization prospects. Waymo Opens Robotaxi Service in Dallas
• Neutral Sentiment: White House discussions may shape Alphabet’s AI regulatory environment. Google, OpenAI, Anthropic and Meta representatives met with Trump administration advisers regarding voluntary safety testing and a proposed AI oversight framework. The outcome could affect development costs, product launches and competitive dynamics, but no immediate policy change was announced. AI Companies Meet With White House
• Negative Sentiment: Investors remain concerned about the scale and payoff of AI investment. Alphabet is among several technology companies facing approximately $1.09 trillion in future data-center lease commitments, while a Google executive warned that heavy AI spending could create a temporary revenue gap. Comparable AI models from DeepSeek are also reportedly matching Gemini performance at far lower testing costs, raising pricing and margin concerns. AI Data-Center Lease Burden
• Negative Sentiment: Legal and governance headlines add pressure. Pomerantz LLP announced an investigation into potential claims on behalf of Alphabet investors. The announcement does not establish wrongdoing, but securities investigations can increase headline risk and investor uncertainty. Pomerantz Investor Alert

Alphabet 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.

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