Two Sigma Securities LLC Trims Stock Position in Alphabet Inc. $GOOGL

Key Points

• Two Sigma Securities cut its Alphabet position by 77% in the second quarter, selling 6,761 shares and retaining 2,021 shares valued at approximately $722,000.
• Other institutional investors increased their Alphabet holdings, and institutions collectively own about 40.03% of the stock.
• Alphabet reported stronger-than-expected quarterly results, with $9.11 in EPS and $119.8 billion in revenue. Analysts maintain a consensus “Buy” rating with an average price target of $420.19, compared with a recent share price of $338.50.

Two Sigma Securities LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 77.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,021 shares of the information services provider's stock after selling 6,761 shares during the quarter. Two Sigma Securities LLC's holdings in Alphabet were worth $722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Benjamin Edwards Inc. boosted its position in shares of Alphabet by 7.9% during the second quarter. Benjamin Edwards Inc. now owns 235,873 shares of the information services provider's stock valued at $84,297,000 after buying an additional 17,344 shares during the last quarter. GTS Securities LLC raised its position in Alphabet by 22.1% in the 2nd quarter. GTS Securities LLC now owns 130,991 shares of the information services provider's stock worth $46,812,000 after buying an additional 23,749 shares during the last quarter. Flputnam Investment Management Co. lifted its stake in Alphabet by 12.2% during the 2nd quarter. Flputnam Investment Management Co. now owns 734,541 shares of the information services provider's stock valued at $262,503,000 after acquiring an additional 80,071 shares during the period. Thornburg Investment Management Inc. lifted its stake in Alphabet by 14.9% during the 2nd quarter. Thornburg Investment Management Inc. now owns 488,051 shares of the information services provider's stock valued at $174,415,000 after acquiring an additional 63,109 shares during the period. Finally, Spinnaker Trust boosted its holdings in shares of Alphabet by 2.1% during the 2nd quarter. Spinnaker Trust now owns 48,398 shares of the information services provider's stock valued at $17,296,000 after acquiring an additional 1,004 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google agreed to secure nuclear power for 22 years, reportedly locking in roughly half of a plant’s output through 2049. The deal could provide more predictable electricity costs and reliable power for energy-intensive AI data centers, strengthening Alphabet’s infrastructure position. Alphabet Jumps 2.5% After Locking In 22 Years of Nuclear Power
• Positive Sentiment: Google completed its acquisition of AI startup Mechanize in a deal reportedly valued at more than $1.5 billion. Mechanize’s former CEO and other employees are joining Google, potentially adding talent focused on AI agents and automation. Google just completed its $1.5 billion-plus deal for AI startup Mechanize
• Positive Sentiment: Investor commentary highlighted Alphabet’s strong AI and cloud outlook. Google Cloud is reportedly growing 82% year over year, while Alphabet’s Gemini technology is expanding into professional video-editing software, supporting the case that AI can broaden enterprise revenue beyond search advertising. Microsoft Vs. Alphabet: The Enterprise Fight No One Saw Coming
• Positive Sentiment: Recent coverage continues to present Alphabet as attractively valued relative to its growth prospects. The company’s latest reported quarter exceeded expectations, with earnings of $9.11 per share versus a $2.89 consensus estimate and revenue of $119.8 billion versus $117.07 billion expected.
• Neutral Sentiment: Alphabet’s inclusion among major AI and cloud beneficiaries, along with Berkshire Hathaway’s reported position in the company, may support investor interest but does not represent a new operating catalyst. Berkshire Hathaway Has a New Top Holding, and It Dominates Its Market
• Negative Sentiment: A law firm said it is continuing an investigation into possible federal securities-law violations involving Alphabet. The announcement does not establish wrongdoing, but it introduces a potential legal and reputational overhang. Securities Fraud Investigation Into Alphabet Continues
• Negative Sentiment: Alphabet faces scrutiny over the scale of AI infrastructure spending, potential financing pressure across the AI industry, and electricity-demand concerns related to new data centers. Finland opposition parties have warned that Google’s expansion could strain local power supplies and raise energy costs. Finland Risks Strained Power Supply After Google AI Deal

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. BMO Capital Markets set a $465.00 price objective on shares of Alphabet and gave the company an "outperform" rating in a research report on Thursday, July 23rd. Rosenblatt Securities reiterated a "buy" rating and set a $410.00 target price on shares of Alphabet in a research note on Thursday, September 3rd. HSBC reissued a "buy" rating and set a $420.00 price target (down from $435.00) on shares of Alphabet in a report on Tuesday, June 2nd. Truist Financial set a $420.00 price target on Alphabet and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $425.00 price objective on shares of Alphabet in a report on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $420.19.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $338.50 on Friday. The stock has a 50-day simple moving average of $346.75 and a two-hundred day simple moving average of $343.66. The firm has a market capitalization of $4.14 trillion, a PE ratio of 17.00, a P/E/G ratio of 0.98 and a beta of 1.22. Alphabet Inc. has a 52-week low of $235.84 and a 52-week high of $408.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping 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 company had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. Analysts forecast that Alphabet Inc. will post 20.52 EPS for the current year.

Alphabet Announces Dividend

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

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the company's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the sale, the chief accounting officer directly owned 27,386 shares in the company, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the company's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 451,925 shares of company stock valued at $12,371,544 in the last ninety days. Corporate insiders own 11.61% of the company's stock.

Alphabet Company Profile

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet's largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.

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