Mill Capital Management LLC Sells 3,765 Shares of Alphabet Inc. $GOOGL

Key Points

• Mill Capital Management LLC cut its Alphabet stake by 4.7% in Q1, selling 3,765 shares and leaving it with 75,969 shares worth about $21.85 million.
• Alphabet reported strong Q2 earnings, with EPS of $9.11 and revenue of $119.8 billion, both ahead of expectations; Google Cloud revenue also surged, highlighting continued growth in core businesses.
• Despite the upbeat results, investors are weighing higher AI-related capital spending and fresh regulatory pressure, including a roughly $1 billion EU fine, which may be adding caution around the stock.

Mill Capital Management LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,969 shares of the information services provider's stock after selling 3,765 shares during the quarter. Alphabet accounts for about 1.7% of Mill Capital Management LLC's portfolio, making the stock its 18th biggest position. Mill Capital Management LLC's holdings in Alphabet were worth $21,846,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GOOGL. EMC Capital Management acquired a new stake in Alphabet during the 4th quarter worth approximately $33,000. Lifetime Wealth Management P.C. bought a new position in Alphabet in the fourth quarter valued at approximately $32,000. PMV Capital Advisers LLC acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $38,000. IFC & Insurance Marketing Inc. acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $38,000. Finally, Bard Associates Inc. acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $52,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Price Performance

NASDAQ GOOGL opened at $319.74 on Friday. The firm's 50 day moving average is $362.93 and its 200-day moving average is $338.74. The company has a quick ratio of 1.92, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $3.87 trillion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.31 and a beta of 1.24. Alphabet Inc. has a 12-month low of $187.82 and a 12-month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.89 by $6.22. The business had revenue of $119.80 billion during 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%. Equities research analysts anticipate that Alphabet Inc. will post 14.34 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Q2 results showed strong underlying demand, including an 82% surge in Google Cloud revenue and continued growth in Search and YouTube, reinforcing that its core businesses are still expanding. Google Cloud CEO Kurian says customers are spending 50% more as segment blows away expectations
• Positive Sentiment: Analysts at Barclays argued that a TPU-as-a-service offering could materially lift Alphabet’s long-term profitability, suggesting the market may be underestimating future AI monetization. TPU-As-A-Service could boost Google’s 2028 profit by over 15%: Barclays
• Positive Sentiment: Verizon signed a more than $1 billion dark-fiber deal to support Google’s data centers, underscoring ongoing infrastructure demand tied to Alphabet’s AI and cloud expansion. Verizon signs deal with Google worth over $1 billion
• Neutral Sentiment: Alphabet was included in a momentum screen highlighting stocks with strong earnings and favorable price trends, which is supportive but not a major stock-specific catalyst. 3 High-Momentum Stocks to Buy Now Before They Surge
• Neutral Sentiment: Short-interest data showed no meaningful short position, so this does not appear to be a major driver of the move.
• Negative Sentiment: Investors are worried that Alphabet’s AI spending is becoming too large, with the company increasing 2026 capex guidance and reporting negative free cash flow for the first time in years. Alphabet earnings takeaways: Q2 revenue beats, GOOGL stock sinks on 2026 capex hike
• Negative Sentiment: Alphabet also faced fresh regulatory pressure after the European Commission fined Google about $1 billion under the Digital Markets Act. Google hit with $1 billion EU fine, first under landmark rules
• Negative Sentiment: Waymo reportedly may try to end its partnership with Uber, which could create uncertainty around one of Alphabet’s autonomous-driving distribution channels. Waymo reportedly mulling a breakup with Uber

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada restated an "outperform" rating and set a $425.00 price objective on shares of Alphabet in a report on Thursday. Citigroup reaffirmed an "outperform" rating on shares of Alphabet in a research note on Monday, May 4th. Loop Capital increased their target price on Alphabet from $355.00 to $490.00 and gave the stock a "buy" rating in a report on Friday, May 15th. Canaccord Genuity Group increased their target price on Alphabet from $415.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Finally, BNP Paribas Exane lifted their price target on Alphabet from $390.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $419.86.

Insider Activity

In other news, insider John Kent Walker sold 8,998 shares of the firm's stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the transaction, the insider owned 75,290 shares in the company, valued at $26,298,044.10. This trade represents a 10.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $341.72, for a total value of $153,432.28. Following the completion of the sale, the chief accounting officer directly owned 27,348 shares in the company, valued at approximately $9,345,358.56. This represents a 1.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 159,415 shares of company stock worth $7,672,279. 11.61% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).

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.