DSM Capital Partners LLC Has $546.25 Million Holdings in Alphabet Inc. $GOOGL

DSM Capital Partners LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 13.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,528,522 shares of the information services provider's stock after selling 233,355 shares during the quarter. Alphabet accounts for about 9.4% of DSM Capital Partners LLC's holdings, making the stock its 2nd largest holding. DSM Capital Partners LLC's holdings in Alphabet were worth $546,248,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GOOGL. Lifetime Wealth Management P.C. purchased a new position in shares of Alphabet during the fourth quarter worth approximately $32,000. EMC Capital Management purchased a new position in Alphabet in the 4th quarter worth $33,000. IFC & Insurance Marketing Inc. bought a new stake in Alphabet in the fourth quarter worth $38,000. Bard Associates Inc. purchased a new stake in Alphabet during the fourth quarter valued at about $52,000. Finally, iSAM Funds UK Ltd purchased a new stake in Alphabet during the third quarter valued at about $53,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the transaction, the chief accounting officer owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 451,945 shares of company stock valued at $12,382,714 in the last three months. Corporate insiders own 11.61% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on GOOGL. Bank of America lifted their price objective on Alphabet from $370.00 to $430.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Stifel Nicolaus set a $420.00 price target on Alphabet and gave the stock a "buy" rating in a research note on Thursday, April 30th. Roth Capital reiterated a "buy" rating and issued a $440.00 price objective (up from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Zacks Research lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Finally, Citizens Jmp restated a "market outperform" rating and issued a $515.00 target price on shares of Alphabet in a report on Wednesday, July 22nd. Six equities research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Alphabet currently has a consensus rating of "Buy" and a consensus price target of $420.19.

Alphabet Price Performance

Shares of Alphabet stock opened at $344.82 on Friday. The business has a 50 day moving average of $352.00 and a 200 day moving average of $341.37. Alphabet Inc. has a 52 week low of $201.30 and a 52 week high of $408.61. The company has a market cap of $4.22 trillion, a PE ratio of 17.32, a P/E/G ratio of 0.97 and a beta of 1.24. 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 (NASDAQ:GOOGL - Get Free Report) last released 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 $2.89 by $6.22. The business had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. As a group, equities research analysts forecast that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

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

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Rosenblatt upgraded Alphabet to “strong buy” and reiterated a $410 price target, implying substantial upside and reinforcing the bullish view following Alphabet’s strong earnings report. Alphabet upgraded by Rosenblatt Securities
• Positive Sentiment: Alphabet’s AI spending continues to attract major customers and suppliers. Marvell’s custom-chip agreement includes a warrant structure that would require up to $120 billion of cumulative purchases from Google for full vesting, signaling the potentially enormous scale of Alphabet’s TPU and AI infrastructure buildout. Google’s Marvell warrant
• Positive Sentiment: Waymo received approval to operate up to thousands of commercial robotaxis in Nevada and opened its lower-cost next-generation vehicle to riders in Los Angeles, Phoenix, and San Francisco. Lower production and operating costs could improve the long-term economics of Alphabet’s autonomous-driving unit. Waymo Nevada robotaxi approval
• Positive Sentiment: Alphabet’s earnings momentum remains a support for the stock. The company recently exceeded consensus estimates for both adjusted earnings and revenue, while analysts and prominent investors—including Berkshire Hathaway—continue to highlight Alphabet’s AI positioning and valuation.

Alphabet Company 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.

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