Tlwm Trims Stock Position in Alphabet Inc. $GOOGL

Key Points

• Tlwm cut its Alphabet stake by 16.3% in the second quarter, selling 1,679 shares and retaining 8,621 shares valued at approximately $3.08 million.
• Institutional sentiment remains broadly positive: major investors including Vanguard, State Street and Geode increased their holdings, while analysts maintain a consensus “Buy” rating with an average price target of $419.86.
• Alphabet reported strong quarterly results, earning $9.11 per share on $119.8 billion in revenue, while continued Gemini adoption, Google Cloud growth and new Pixel products support the company’s AI expansion.

Tlwm reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 16.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,621 shares of the information services provider's stock after selling 1,679 shares during the period. Alphabet accounts for about 0.5% of Tlwm's investment portfolio, making the stock its 15th largest position. Tlwm's holdings in Alphabet were worth $3,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Alphabet by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock valued at $165,567,398,000 after acquiring an additional 12,531,695 shares during the last quarter. State Street Corp increased its stake in Alphabet by 1.8% during the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock worth $40,524,841,000 after acquiring an additional 4,008,374 shares during the last quarter. Geode Capital Management LLC increased its stake in Alphabet by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 146,193,037 shares of the information services provider's stock worth $45,625,595,000 after acquiring an additional 2,666,676 shares during the last quarter. Norges Bank purchased a new position in shares of Alphabet in the 4th quarter worth about $30,534,239,000. Finally, Bank of America Corp DE raised its holdings in shares of Alphabet by 4.9% in the 4th quarter. Bank of America Corp DE now owns 69,108,183 shares of the information services provider's stock worth $21,630,861,000 after purchasing an additional 3,218,852 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Rothschild & Co Redburn boosted their target price on Alphabet from $390.00 to $430.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. DA Davidson set a $350.00 price target on shares of Alphabet and gave the company a "neutral" rating in a report on Thursday, July 23rd. Wells Fargo & Company set a $411.00 price target on shares of Alphabet and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Daiwa Securities Group boosted their price objective on shares of Alphabet from $380.00 to $445.00 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. Finally, UBS Group dropped 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. Six research analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $419.86.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Gemini app has surpassed 1 billion monthly active users, strengthening the case that the company’s AI investments are gaining broad consumer adoption. Google's Gemini app surges to one billion users
• Positive Sentiment: Ryanair signed a five-year Google Cloud agreement to deploy Gemini, DeepMind and Workspace tools across its 35,000 employees, providing another example of enterprise AI monetization. Ryanair signs five-year Google Cloud deal
• Positive Sentiment: Analysts continue to view Alphabet as an attractive AI and cloud investment, citing strong Google Cloud margins and valuation support following its strong second-quarter results. Google Cloud margins supported Alphabet's stock
• Positive Sentiment: Alphabet unveiled Pixel 11 phones, the Pixel Watch 5, a $29 Pixel Tag and additional Gemini features, expanding its hardware ecosystem and opportunities to distribute AI services. Google unveils Pixel 11 lineup and Gemini features

Alphabet Stock Performance

Alphabet stock opened at $343.54 on Thursday. Alphabet Inc. has a 12-month low of $196.60 and a 12-month high of $408.61. The company has a market capitalization of $4.20 trillion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 0.96 and a beta of 1.24. 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 firm's fifty day moving average price is $354.63 and its 200 day moving average price is $340.94.

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 company 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%. On average, research analysts forecast that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Insider Activity at Alphabet

In other Alphabet news, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the sale, the insider directly owned 75,290 shares in the company, valued at $26,298,044.10. The trade was a 10.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the company's stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 540,470 shares of company stock valued at $14,873,168. Insiders own 11.61% of the company's stock.

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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