Cumberland Partners Ltd increased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 13.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,921 shares of the information services provider's stock after buying an additional 9,574 shares during the period. Alphabet comprises about 1.9% of Cumberland Partners Ltd's holdings, making the stock its 19th largest position. Cumberland Partners Ltd's holdings in Alphabet were worth $28,919,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in GOOGL. PFC Capital Group Inc. increased its holdings in Alphabet by 0.3% during the 2nd quarter. PFC Capital Group Inc. now owns 34,532 shares of the information services provider's stock valued at $12,340,000 after acquiring an additional 91 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in shares of Alphabet in the second quarter valued at about $21,889,000. Cornerstone Select Advisors LLC grew its position in shares of Alphabet by 9.9% in the second quarter. Cornerstone Select Advisors LLC now owns 7,122 shares of the information services provider's stock valued at $2,545,000 after purchasing an additional 643 shares during the last quarter. Strata Wealth Advisors LLC increased its stake in shares of Alphabet by 26.2% during the 2nd quarter. Strata Wealth Advisors LLC now owns 2,079 shares of the information services provider's stock worth $743,000 after purchasing an additional 432 shares in the last quarter. Finally, Moran Wealth Management LLC increased its stake in shares of Alphabet by 2.2% during the 2nd quarter. Moran Wealth Management LLC now owns 84,341 shares of the information services provider's stock worth $30,141,000 after purchasing an additional 1,808 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Alphabet
In other news, insider John Kent Walker sold 8,998 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the sale, the insider owned 75,290 shares of the company's stock, valued at $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 451,843 shares of company stock worth $12,343,852 in the last quarter. Company insiders own 11.61% of the company's stock.
More Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google is testing Gemini 3.8 Flash internally, suggesting a near-term launch of a faster, lower-cost AI model that could strengthen Alphabet’s competitive position and improve AI product monetization. Google employees are already testing the next Gemini Flash AI model
- Positive Sentiment: Google expanded AI Mode with flight-price tracking, hotel booking assistance and loyalty-point comparisons. The additions could increase user engagement and protect Google’s role in travel-related advertising and transactions. Google's AI Mode can now track flight prices, help book hotels, and more
- Positive Sentiment: Analyst commentary remains favorable, citing approximately 14.4% advertising growth in the second quarter, AI-enhanced Search and YouTube tools, diversified revenue and a lower valuation than some large technology peers. GOOGL Rides on Strong Advertising Revenues
- Positive Sentiment: Berkshire Hathaway reportedly increased its Alphabet position by 83% to about $37.8 billion, providing a high-profile vote of confidence in Alphabet’s search, cloud and AI growth prospects. Berkshire Boosts Its Bet
- Positive Sentiment: Barret Zoph, a prominent AI researcher and Thinking Machines co-founder, is joining Google as a research vice president. The hire may help address concerns about Google’s recent loss of senior AI talent. Barret Zoph is now at Google
- Neutral Sentiment: Google joined more than 100 technology companies calling for coordinated defenses against AI-related cyber threats. The initiative supports responsible AI adoption but has limited immediate financial impact. Companies call for action against rogue AI
- Negative Sentiment: The FTC is reportedly nearing a potential lawsuit over YouTube account suspensions and alleged consumer-protection violations, adding regulatory uncertainty around the platform. FTC probes YouTube over social media policies
- Negative Sentiment: Google agreed to pay £260 million, or about $353 million, to settle a UK lawsuit brought by app developers, highlighting continuing legal exposure related to its app-distribution practices. Google agrees to settle UK app developers' lawsuit
- Negative Sentiment: Multiple law firms announced investigations into possible securities-law violations involving Alphabet, which could increase headline risk despite the notices containing no finding of wrongdoing. Pomerantz investor alert
- Negative Sentiment: Alphabet’s AI infrastructure spending remains a concern: servers represented roughly 60% of technical infrastructure investment, while Nvidia-based server prices may rise more than 15%, potentially pressuring capital efficiency and free cash flow. Alphabet infrastructure spending and Nvidia server prices
Alphabet Trading Down 0.4%
Shares of GOOGL stock opened at $340.65 on Friday. The firm has a market cap of $4.17 trillion, a P/E ratio of 17.11, a PEG ratio of 0.96 and a beta of 1.24. Alphabet Inc. has a 1-year low of $206.20 and a 1-year high of $408.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The firm's 50-day simple moving average is $350.06 and its 200-day simple moving average is $341.71.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. As a group, equities analysts forecast that Alphabet Inc. will post 20.5 EPS for the current year.
Alphabet Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be issued a dividend of $0.22 per share. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's payout ratio is presently 4.42%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. UBS Group reduced their target price on Alphabet from $400.00 to $379.00 and set a "neutral" rating on the stock in a research note on Thursday, July 23rd. Citizens Jmp reissued a "market outperform" rating and issued a $515.00 price target on shares of Alphabet in a report on Wednesday, July 22nd. Bank of America increased their price objective on Alphabet from $370.00 to $430.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Mizuho lifted their price objective on Alphabet from $420.00 to $460.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 6th. Finally, DA Davidson set a $350.00 target price on shares of Alphabet and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $420.19.
Get Our Latest Analysis on GOOGL
About Alphabet
(
Free Report)
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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