Stonebridge Financial Group LLC Sells 1,998 Shares of Alphabet Inc. $GOOGL

Key Points

• Stonebridge Financial Group reduced its Alphabet position by 4.4%, selling 1,998 shares and retaining 43,632 shares valued at approximately $15.6 million. Institutional investors and hedge funds collectively own 40.03% of Alphabet.
• Alphabet reported strong quarterly results, with earnings of $9.11 per share and revenue of $119.8 billion, exceeding analyst expectations. The company also declared a quarterly dividend of $0.22 per share, representing a 0.3% yield.
• GOOGL shares were trading down 3.8% at $343.80, while analysts maintained a broadly positive outlook with a consensus “Buy” rating and an average price target of $419.86. Key risks include regulatory disputes, youth-addiction lawsuits and the infrastructure demands of Alphabet’s AI investments.

Stonebridge Financial Group LLC lessened its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,632 shares of the information services provider's stock after selling 1,998 shares during the period. Alphabet makes up about 1.2% of Stonebridge Financial Group LLC's investment portfolio, making the stock its 22nd biggest holding. Stonebridge Financial Group LLC's holdings in Alphabet were worth $15,593,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Lifetime Wealth Management P.C. bought a new stake in shares of Alphabet in the fourth quarter worth about $32,000. EMC Capital Management acquired a new position in shares of Alphabet in the 4th quarter valued at approximately $33,000. IFC & Insurance Marketing Inc. bought a new stake in Alphabet during the 4th quarter worth approximately $38,000. Bard Associates Inc. bought a new stake in Alphabet during the 4th quarter worth approximately $52,000. Finally, Kentucky Trust Co raised its holdings in Alphabet by 142.9% during the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after buying an additional 100 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Down 3.8%

GOOGL stock opened at $343.80 on Wednesday. Alphabet Inc. has a one year low of $196.60 and a one year high of $408.61. The stock 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 company has a fifty day moving average price of $354.94 and a two-hundred day moving average price of $340.84. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. The company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Equities analysts anticipate that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed 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 is Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is presently 4.42%.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 82 shares of the business's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $333.39, for a total value of $27,337.98. Following the completion of the sale, the director owned 18,914 shares of the company's stock, valued at approximately $6,305,738.46. The trade was a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 8,998 shares of the company's stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 600,547 shares of company stock worth $16,255,540 over the last ninety days. Corporate insiders own 11.61% of the company's stock.

Key Stories Impacting Alphabet

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Truist Financial set a $420.00 price target on shares of Alphabet and gave the company a "buy" rating in a report on Thursday, July 23rd. President Capital upped their target price on shares of Alphabet from $375.00 to $465.00 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. Wells Fargo & Company set a $411.00 target price on Alphabet and gave the stock an "overweight" rating in a report on Thursday, July 23rd. 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. Finally, China Renaissance boosted their price target on Alphabet from $400.00 to $485.00 and gave the company a "buy" rating in a report on Monday, May 4th. Six research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $419.86.

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.

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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