Heron Bay Capital Management Sells 48,195 Shares of Alphabet Inc. $GOOGL

Key Points

• Heron Bay Capital Management cut its Alphabet stake by 25.6%, selling 48,195 shares during the second quarter and retaining 140,089 shares valued at approximately $50.1 million.
• Despite the institutional sale, analysts remain broadly positive: Alphabet has an average “Buy” rating and a consensus price target of $420.19. The company also exceeded quarterly expectations, reporting $9.11 in earnings per share and $119.8 billion in revenue.
• Alphabet will pay a quarterly dividend of $0.22 per share on September 14, equivalent to a $0.88 annualized payout and a 0.3% yield.

Heron Bay Capital Management lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 25.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,089 shares of the information services provider's stock after selling 48,195 shares during the quarter. Alphabet comprises about 4.5% of Heron Bay Capital Management's investment portfolio, making the stock its 6th biggest position. Heron Bay Capital Management's holdings in Alphabet were worth $50,064,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Strategic Wealth Advisors LLC raised its holdings in Alphabet by 6.0% during the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock valued at $137,000 after buying an additional 27 shares in the last quarter. Rockbridge Investment Management LCC boosted its stake in shares of Alphabet by 0.5% during the 1st quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider's stock worth $1,570,000 after acquiring an additional 27 shares in the last quarter. Ruggaard & Associates LLC increased its holdings in shares of Alphabet by 0.9% during the 1st quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider's stock valued at $840,000 after acquiring an additional 27 shares during the last quarter. Cadia Private Client LLC increased its holdings in shares of Alphabet by 1.1% during the 1st quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider's stock valued at $744,000 after acquiring an additional 28 shares during the last quarter. Finally, Evansbrook LLC raised its stake in shares of Alphabet by 0.3% in the 1st quarter. Evansbrook LLC now owns 9,522 shares of the information services provider's stock valued at $2,738,000 after acquiring an additional 28 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GOOGL. HSBC restated a "buy" rating and issued a $420.00 target price (down from $435.00) on shares of Alphabet in a report on Tuesday, June 2nd. BMO Capital Markets set a $465.00 price target on Alphabet and gave the company an "outperform" rating in a report on Thursday, July 23rd. Wedbush reissued an "outperform" rating and issued a $445.00 price target on shares of Alphabet in a research report on Thursday, July 23rd. Phillip Securities upgraded shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 27th. Finally, Citizens Jmp reaffirmed a "market outperform" rating and set a $515.00 price objective on shares of Alphabet in a report on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $420.19.

Alphabet Price Performance

Shares of Alphabet stock opened at $338.46 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The firm's 50-day simple moving average is $349.02 and its 200-day simple moving average is $342.61. Alphabet Inc. has a twelve month low of $231.90 and a twelve month high of $408.61. The firm has a market cap of $4.14 trillion, a P/E ratio of 17.00, 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 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 business had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. As a group, research analysts expect that Alphabet Inc. will post 20.5 EPS for the current fiscal year.

Alphabet Announces Dividend

The business 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 $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet's dividend payout ratio is currently 4.42%.

Insider Activity

In other news, Director Frances Arnold sold 82 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $337.71, for a total value of $27,692.22. Following the completion of the transaction, the director directly owned 18,995 shares of the company's stock, valued at approximately $6,414,801.45. This represents a 0.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 451,925 shares of company stock worth $12,371,544. Company insiders own 11.61% of the company's stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue growth and expanding margins continue to support Alphabet’s AI investment strategy. Supporters argue that cloud growth—reportedly up 82% year over year—could eventually justify the company’s much higher spending. Google Cloud growth article
• Positive Sentiment: A federal judge rejected a forced breakup of Google’s ad-tech business, limiting the immediate structural risk to Alphabet. The company will instead face behavioral remedies, although the ad-network business recently contracted. Google ad-business ruling
• Positive Sentiment: New AI features in Gmail, Docs and Keep, along with continued Gemini development, could improve user engagement and strengthen Alphabet’s competitive position in generative AI. Rosenblatt also reaffirmed a buy rating with a $410 price target. Google AI product launch
• Neutral Sentiment: Alphabet will pay a quarterly dividend of $0.22 per share on September 14 to shareholders of record on September 4, providing a modest income component but unlikely to materially change the investment case. Alphabet dividend article
• Negative Sentiment: Alphabet raised 2026 capital-spending guidance to approximately $195 billion–$205 billion. Second-quarter free cash flow turned negative as capital expenditures reached $44.9 billion, raising concerns that AI infrastructure spending may take years to generate adequate returns. Alphabet cloud margins and AI spending
• Negative Sentiment: Investors are also concerned about execution: Gemini 3.5 Pro reportedly remained delayed, while the company faces multiple securities-fraud investigations and continued scrutiny over its ad-tech practices. These issues add legal and competitive risk to an already expensive AI buildout. Gemini delay article

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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