Neville Rodie & Shaw Inc. Sells 2,596 Shares of Alphabet Inc. $GOOGL

Key Points

• Neville Rodie & Shaw reduced its Alphabet stake by 1.0%, selling 2,596 shares and retaining 248,226 shares worth approximately $88.7 million. Alphabet remains the firm’s third-largest holding, representing about 5.7% of its portfolio.
• Analyst sentiment remains positive, with Alphabet carrying a consensus “Buy” rating and an average price target of $419.86. Recent brokerages raised their targets as high as $485.
• Alphabet reported quarterly revenue of $119.8 billion and EPS of $9.11, surpassing expectations, while its AI expansion—including Gemini’s reported 1 billion monthly users—supports growth prospects; however, heavy data-center spending, infrastructure constraints and regulatory litigation remain risks.

Neville Rodie & Shaw Inc. trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 248,226 shares of the information services provider's stock after selling 2,596 shares during the period. Alphabet makes up about 5.7% of Neville Rodie & Shaw Inc.'s investment portfolio, making the stock its 3rd biggest position. Neville Rodie & Shaw Inc.'s holdings in Alphabet were worth $88,709,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOGL. EMC Capital Management bought a new position in shares of Alphabet during the 4th quarter worth approximately $33,000. Lifetime Wealth Management P.C. bought a new stake in Alphabet in the fourth quarter valued at $32,000. IFC & Insurance Marketing Inc. bought a new stake in Alphabet in the fourth quarter valued at $38,000. Bard Associates Inc. acquired a new position in Alphabet during the fourth quarter worth $52,000. Finally, Kentucky Trust Co lifted its holdings in shares of Alphabet by 142.9% during the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock valued at $53,000 after acquiring an additional 100 shares during the period. Institutional investors own 40.03% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GOOGL. Sanford C. Bernstein restated a "market perform" rating and issued a $390.00 target price (up from $345.00) on shares of Alphabet in a research note on Thursday, April 30th. China Renaissance lifted their price target on shares of Alphabet from $400.00 to $485.00 and gave the company a "buy" rating in a report on Monday, May 4th. Evercore boosted their target price on Alphabet from $400.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, April 30th. BMO Capital Markets set a $465.00 price objective on Alphabet and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley set a $400.00 target price on Alphabet and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Alphabet currently has a consensus rating of "Buy" and an average price target of $419.86.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google’s Gemini app surpassed 1 billion monthly active users, marking a major distribution milestone that could strengthen Alphabet’s AI ecosystem, user engagement and monetization potential. Google's Gemini app surges to one billion users
• Positive Sentiment: Ryanair signed a five-year Google Cloud agreement to deploy Gemini and DeepMind models for crew scheduling and operational decisions, providing evidence of enterprise demand for Alphabet’s AI and cloud offerings. Ryanair signs five-year Google Cloud deal
• Positive Sentiment: Alphabet’s increased AI investment continues to attract investor interest, with analysts highlighting the company’s momentum and potential beneficiaries of its planned data-center spending. However, the scale of investment remains a key debate. Alphabet's Higher AI Spending Could Boost These ETFs
• Neutral Sentiment: Alphabet’s earnings influence on broader S&P 500 growth underscores its importance to market performance, but it also makes the stock more sensitive to shifts in technology-sector sentiment and portfolio positioning. Tech Stocks Have Stumbled
• Negative Sentiment: Alphabet remains exposed to more than 3,000 youth-addiction lawsuits alleging that social-media platforms were designed to harm young users. The litigation could create financial liability and increase regulatory pressure. Social media platforms still facing thousands of user addiction lawsuits
• Negative Sentiment: A French newspaper group asked regulators to investigate Google’s AI-generated search summaries, arguing they divert traffic from publishers. Similar disputes could raise compliance costs and threaten parts of Google’s search economics. French media asks French anti-trust watchdog to act on Google's AI
• Negative Sentiment: AI data centers face significant power and infrastructure constraints, adding execution risk to Alphabet’s large capital-spending plans and raising questions about returns on AI investment. AI's Next Bottleneck Isn't Chips, It's Power Infrastructure

Alphabet Trading Down 3.8%

GOOGL opened at $343.80 on Wednesday. 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 company has a market cap of $4.20 trillion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 1.00 and a beta of 1.24. The firm has a 50 day simple moving average of $354.94 and a 200 day simple moving average of $340.84. Alphabet Inc. has a fifty-two week low of $196.60 and a fifty-two week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. On average, sell-side analysts anticipate that Alphabet Inc. will post 20.51 earnings per share 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 given 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 (DPR) is currently 4.42%.

Insider Buying and Selling

In other Alphabet news, insider John Kent Walker sold 8,998 shares of the 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 transaction, the insider owned 75,290 shares of the company's stock, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer owned 27,386 shares of the company's stock, valued at $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 600,547 shares of company stock valued at $16,255,540 in the last three months. 11.61% of the stock is currently owned by company insiders.

About Alphabet

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.

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.

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