General Partner Inc. Sells 1,500 Shares of Alphabet Inc. $GOOGL

Key Points

• General Partner Inc. reduced its Alphabet stake by 20.1%, selling 1,500 shares and retaining 5,945 shares valued at approximately $2.13 million. Alphabet represents about 1.2% of the firm’s portfolio.
• Alphabet reported strong quarterly results, with $9.11 in EPS and $119.80 billion in revenue, exceeding analyst expectations. Shares were trading near $349, while the stock held a consensus “Buy” rating and an average analyst target of $420.19.
• Alphabet’s outlook is supported by rapid Google Cloud growth, AI expansion and Waymo’s commercial rollout, but heavier AI infrastructure spending, reduced buybacks and potential legal liabilities remain risks for investors.

General Partner Inc. lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 20.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,945 shares of the information services provider's stock after selling 1,500 shares during the quarter. Alphabet makes up about 1.2% of General Partner Inc.'s portfolio, making the stock its 24th biggest position. General Partner Inc.'s holdings in Alphabet were worth $2,125,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. NewEdge Wealth LLC boosted its stake in Alphabet by 11.8% in the fourth quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider's stock valued at $277,696,000 after acquiring an additional 93,293 shares in the last quarter. PFG Investments LLC lifted its holdings in shares of Alphabet by 2.6% during the 1st quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock valued at $25,679,000 after purchasing an additional 2,269 shares during the last quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust acquired a new stake in shares of Alphabet in the 4th quarter worth $28,902,000. W.G. Shaheen & Associates DBA Whitney & Co grew its stake in Alphabet by 17.1% during the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 118,966 shares of the information services provider's stock worth $37,236,000 after buying an additional 17,415 shares during the last quarter. Finally, KLCM Advisors Inc. grew its stake in Alphabet by 66.1% during the 4th quarter. KLCM Advisors Inc. now owns 22,877 shares of the information services provider's stock worth $7,161,000 after buying an additional 9,105 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Up 3.2%

Shares of Alphabet stock opened at $349.39 on Tuesday. 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 has a fifty day moving average price of $346.41 and a 200 day moving average price of $344.15. Alphabet Inc. has a 1 year low of $235.84 and a 1 year high of $408.61. The stock has a market cap of $4.27 trillion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 0.98 and a beta of 1.22.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted 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 company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. Equities research analysts predict that Alphabet Inc. will post 20.52 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were paid a dividend of $0.22 per share. The ex-dividend date was 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 presently 4.42%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud remains a major growth catalyst. Alphabet’s cloud backlog reportedly reached $514 billion after second-quarter revenue growth of 82%, reinforcing expectations that Cloud could become a larger long-term earnings driver alongside Search. Alphabet cloud backlog article
• Positive Sentiment: AI concerns are benefiting Alphabet relative to some peers. Alphabet and Meta have attracted investor interest even as concerns about excessive frontier-model spending weigh on parts of the technology sector. A possible slowdown could favor established platforms with strong cash flows, distribution and proprietary infrastructure. Google and Meta AI concerns article
• Positive Sentiment: Waymo is expanding commercially. Alphabet’s autonomous-driving unit has begun offering robotaxi rides to the general public in Las Vegas, its first Nevada market, expanding a potential future growth business. Waymo Las Vegas article
• Positive Sentiment: Alphabet is broadening its AI ecosystem. Giving engineers access to Anthropic’s Claude may improve coding productivity and reflects Alphabet’s investment exposure to Anthropic, although Claude also competes with Google’s own AI models. Google Claude access article
• Neutral Sentiment: Technical momentum is improving. Stockton believes Alphabet may be emerging from its multi-month correction, while recent commentary highlights its cloud position, YouTube scale and custom AI chips as potential competitive advantages.
• Negative Sentiment: AI infrastructure spending is pressuring capital returns. Reports say Alphabet has halted buybacks, its share count is rising and debt has increased as it funds data centers, energy contracts and AI capacity. Local opposition to new data centers could also raise costs or delay projects. Big Tech buybacks article
• Negative Sentiment: Investor sentiment faces legal overhang. Multiple law firms are publicizing securities-fraud investigations involving Alphabet. These announcements do not establish wrongdoing but could add volatility and potential litigation risk. Alphabet securities investigation article

Insider Buying and Selling

In related news, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at $9,125,015.20. This trade represents a 1.61% 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, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total value of $39,343.36. Following the transaction, the director owned 18,833 shares of the company's stock, valued at approximately $6,615,656.24. This represents a 0.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 450,875 shares of company stock worth $11,984,482. Corporate insiders own 11.61% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GOOGL shares. Morgan Stanley set a $400.00 price target on Alphabet and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Citizens Jmp reiterated a "market outperform" rating and issued a $515.00 target price on shares of Alphabet in a research note on Wednesday, July 22nd. Wall Street Zen lowered shares of Alphabet from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. DA Davidson set a $350.00 price target on shares of Alphabet and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Finally, Piper Sandler reissued an "overweight" rating and set a $395.00 price objective (down from $445.00) on shares of Alphabet in a report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $420.19.

About Alphabet

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet's largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.

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