Diamond Hill Capital Management LLC Investment Advisor Sells 55,078 Shares of Alphabet Inc. $GOOGL

Diamond Hill Capital Management LLC Investment Advisor lowered its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 17.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 266,779 shares of the information services provider's stock after selling 55,078 shares during the quarter. Diamond Hill Capital Management LLC Investment Advisor's holdings in Alphabet were worth $95,339,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of GOOGL. HBK Sorce Advisory LLC boosted its holdings in Alphabet by 2.5% in the 2nd quarter. HBK Sorce Advisory LLC now owns 72,019 shares of the information services provider's stock valued at $26,102,000 after purchasing an additional 1,730 shares during the period. Continuum Advisory LLC raised its stake in Alphabet by 5.8% in the second quarter. Continuum Advisory LLC now owns 37,524 shares of the information services provider's stock valued at $13,410,000 after purchasing an additional 2,061 shares in the last quarter. Peachtree Investment Partners LLC lifted its position in Alphabet by 8.5% during the second quarter. Peachtree Investment Partners LLC now owns 12,879 shares of the information services provider's stock valued at $4,602,000 after purchasing an additional 1,010 shares during the last quarter. Gould Asset Management LLC CA lifted its position in Alphabet by 20.8% during the second quarter. Gould Asset Management LLC CA now owns 2,484 shares of the information services provider's stock valued at $888,000 after purchasing an additional 427 shares during the last quarter. Finally, Arrowroot Family Office LLC grew its stake in Alphabet by 25.5% in the 2nd quarter. Arrowroot Family Office LLC now owns 3,108 shares of the information services provider's stock worth $1,111,000 after buying an additional 631 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud and AI remain the main growth drivers. Rising Cloud revenue, AI adoption and a reported $514 billion backlog strengthen Alphabet’s competitive position against Microsoft and Amazon, although capacity constraints could limit near-term execution. Rising Cloud Revenue Strengthens Alphabet Against MSFT & AMZN
• Positive Sentiment: New Gemini and AI Mode features could increase user engagement and monetization. Google is expanding AI Mode to track flight prices and assist with hotel bookings, while reviews of its personal-intelligence tools suggest broader consumer adoption. Employees are also reportedly testing a next-generation Gemini Flash model. Google's AI Mode can now track flight prices, help book hotels, and more
• Positive Sentiment: Analyst sentiment and technical momentum remain favorable. Brokerages maintain an average “Buy” recommendation, while technical commentary points to support above approximately $340. Alphabet’s valuation, margins and cash generation are viewed as attractive relative to many AI peers. Alphabet Receives Average Recommendation of Buy
• Positive Sentiment: Alphabet’s custom-chip strategy is creating demand for AI infrastructure. Marvell’s large Google-related AI-chip opportunity highlights Alphabet’s willingness to invest in proprietary computing capacity, potentially supporting long-term performance and reducing reliance on outside suppliers. Marvell’s Google AI-chip opportunity
• Neutral Sentiment: Google changed its European spam and site-reputation policy. The adjustment is intended to address European Commission concerns and reduce the risk of an antitrust fine, but it may affect how Google ranks publisher content and reflects ongoing regulatory pressure. Google changes spam policy in EU to avert antitrust fine
• Negative Sentiment: Legal risks continue to weigh on the investment case. Multiple law firms announced securities-fraud investigations, while Google agreed to a $353 million settlement with UK app developers. These announcements do not establish wrongdoing but could create financial and reputational costs. Google agrees to settle UK app developers’ lawsuit
• Negative Sentiment: The FTC is reportedly considering action involving YouTube. The investigation concerns account suspensions and possible consumer-protection violations, adding another regulatory overhang for Alphabet. US FTC probes YouTube over social media policies

Alphabet Price Performance

Shares of GOOGL stock opened at $346.59 on Friday. Alphabet Inc. has a one year low of $206.20 and a one 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 company's 50-day simple moving average is $349.62 and its two-hundred day simple moving average is $341.74. The company has a market capitalization of $4.24 trillion, a P/E ratio of 17.41, a P/E/G ratio of 0.97 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share 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 firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. As a group, equities analysts anticipate that Alphabet Inc. will post 20.5 EPS for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be paid 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 dividend payout ratio (DPR) is currently 4.42%.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the company's stock in a transaction on 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 sale, the director owned 1,481 shares in the company, valued at $545,941.03. This represents a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the insider directly owned 75,290 shares in the company, valued at $26,298,044.10. This trade represents a 10.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 451,843 shares of company stock valued at $12,343,852 in the last ninety days. Company insiders own 11.61% of the company's stock.

Analyst Upgrades and Downgrades

GOOGL has been the topic of several research reports. DA Davidson set a $350.00 price objective on shares of Alphabet and gave the company a "neutral" rating in a research report on Thursday, July 23rd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $425.00 price target on shares of Alphabet in a research note on Thursday, July 23rd. KeyCorp increased their target price on shares of Alphabet from $425.00 to $445.00 and gave the stock an "overweight" rating in a report on Friday, July 10th. Daiwa Securities Group raised their target price on shares of Alphabet from $380.00 to $445.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Finally, China Renaissance increased their price target on shares of Alphabet from $400.00 to $485.00 and gave the stock a "buy" rating in a research note on Monday, May 4th. Six analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $420.19.

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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