Greenwood Capital Associates LLC Sells 2,183 Shares of Alphabet Inc. $GOOGL

Key Points

• Greenwood Capital Associates reduced its Alphabet position by 2.3%, selling 2,183 shares in the second quarter. The fund still held 92,008 shares valued at approximately $32.9 million, representing 3.3% of its portfolio.
• Alphabet insiders sold 451,925 shares worth about $12.4 million over the past quarter, while institutional investors own 40.03% of the company’s stock.
• Alphabet’s latest quarterly results exceeded expectations, with $9.11 in earnings per share and $119.8 billion in revenue. Analysts maintain an overall “Buy” rating, with an average price target of $420.19 versus the stock’s reported opening price of $338.50.

Greenwood Capital Associates LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,008 shares of the information services provider's stock after selling 2,183 shares during the period. Alphabet makes up about 3.3% of Greenwood Capital Associates LLC's portfolio, making the stock its 6th biggest holding. Greenwood Capital Associates LLC's holdings in Alphabet were worth $32,881,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GOOGL. EMC Capital Management bought a new stake in shares of Alphabet in the fourth quarter valued at approximately $33,000. Lifetime Wealth Management P.C. bought a new position in Alphabet during the 4th quarter worth $32,000. IFC & Insurance Marketing Inc. bought a new position in Alphabet during the 4th quarter worth $38,000. Bard Associates Inc. acquired a new position in Alphabet in the 4th quarter valued at $52,000. Finally, Graney & King LLC lifted its position in shares of Alphabet by 38.5% during the 2nd quarter. Graney & King LLC now owns 180 shares of the information services provider's stock valued at $64,000 after acquiring an additional 50 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Marsida Saraci sold 449 shares of Alphabet 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 directly owned 27,386 shares in the company, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 451,925 shares of company stock valued at $12,371,544. Company insiders own 11.61% of the company's stock.

Alphabet Price Performance

GOOGL stock opened at $338.50 on Friday. The company has a market capitalization of $4.14 trillion, a P/E ratio of 17.00, a PEG ratio of 0.96 and a beta of 1.22. The company has a fifty day moving average price of $346.75 and a 200-day moving average price of $343.66. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet Inc. has a 52-week low of $235.84 and a 52-week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. As a group, equities analysts expect that Alphabet Inc. will post 20.52 EPS for the current year.

Alphabet Dividend Announcement

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

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google agreed to secure nuclear power for 22 years, reportedly locking in roughly half of a plant’s output through 2049. The deal could provide more predictable electricity costs and reliable power for energy-intensive AI data centers, strengthening Alphabet’s infrastructure position. Alphabet Jumps 2.5% After Locking In 22 Years of Nuclear Power
• Positive Sentiment: Google completed its acquisition of AI startup Mechanize in a deal reportedly valued at more than $1.5 billion. Mechanize’s former CEO and other employees are joining Google, potentially adding talent focused on AI agents and automation. Google just completed its $1.5 billion-plus deal for AI startup Mechanize
• Positive Sentiment: Investor commentary highlighted Alphabet’s strong AI and cloud outlook. Google Cloud is reportedly growing 82% year over year, while Alphabet’s Gemini technology is expanding into professional video-editing software, supporting the case that AI can broaden enterprise revenue beyond search advertising. Microsoft Vs. Alphabet: The Enterprise Fight No One Saw Coming
• Positive Sentiment: Recent coverage continues to present Alphabet as attractively valued relative to its growth prospects. The company’s latest reported quarter exceeded expectations, with earnings of $9.11 per share versus a $2.89 consensus estimate and revenue of $119.8 billion versus $117.07 billion expected.
• Neutral Sentiment: Alphabet’s inclusion among major AI and cloud beneficiaries, along with Berkshire Hathaway’s reported position in the company, may support investor interest but does not represent a new operating catalyst. Berkshire Hathaway Has a New Top Holding, and It Dominates Its Market
• Negative Sentiment: A law firm said it is continuing an investigation into possible federal securities-law violations involving Alphabet. The announcement does not establish wrongdoing, but it introduces a potential legal and reputational overhang. Securities Fraud Investigation Into Alphabet Continues
• Negative Sentiment: Alphabet faces scrutiny over the scale of AI infrastructure spending, potential financing pressure across the AI industry, and electricity-demand concerns related to new data centers. Finland opposition parties have warned that Google’s expansion could strain local power supplies and raise energy costs. Finland Risks Strained Power Supply After Google AI Deal

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. UBS Group cut their price objective on shares of Alphabet from $400.00 to $379.00 and set a "neutral" rating for the company in a research report on Thursday, July 23rd. Morgan Stanley set a $400.00 target price on shares of Alphabet and gave the company an "overweight" rating in a report on Thursday, July 23rd. KeyCorp boosted their target price on shares of Alphabet from $425.00 to $445.00 and gave the company an "overweight" rating in a research report on Friday, July 10th. Loop Capital upped their price target on shares of Alphabet from $355.00 to $490.00 and gave the stock a "buy" rating in a report on Friday, May 15th. Finally, HSBC reiterated a "buy" rating and set a $420.00 price target (down from $435.00) on shares of Alphabet in a research report on Tuesday, June 2nd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, Alphabet currently has an average rating of "Buy" and an average target price of $420.19.

Alphabet Profile

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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