UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 507,721 Shares of Alphabet Inc. $GOOGL

Key Points

• UBS Asset Management reduced its Alphabet position by 1.1%, selling 507,721 shares during the second quarter. It still held 44.69 million shares worth approximately $15.97 billion, representing 2.9% of its portfolio.
• Alphabet reported strong quarterly results, with earnings of $9.11 per share and revenue of $119.8 billion, exceeding analyst expectations. Analysts maintain an overall “Buy” rating, with an average price target of $420.19.
• Alphabet’s AI and cloud expansion—including nuclear-power procurement and the acquisition of AI startup Mechanize—supports its growth outlook, while insider selling, a securities investigation and concerns over AI infrastructure costs remain potential risks.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,688,569 shares of the information services provider's stock after selling 507,721 shares during the quarter. Alphabet makes up 2.9% of UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's portfolio, making the stock its 5th largest holding. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.37% of Alphabet worth $15,970,354,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Strategic Wealth Advisors LLC raised its position in Alphabet by 6.0% in the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock worth $137,000 after purchasing an additional 27 shares in the last quarter. Rockbridge Investment Management LCC boosted its holdings in Alphabet by 0.5% during the first quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider's stock valued at $1,570,000 after purchasing an additional 27 shares in the last quarter. Ruggaard & Associates LLC boosted its holdings in Alphabet by 0.9% during the first quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider's stock valued at $840,000 after purchasing an additional 27 shares in the last quarter. Cadia Private Client LLC grew its stake in shares of Alphabet by 1.1% in the 1st quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider's stock valued at $744,000 after purchasing an additional 28 shares during the period. Finally, Evansbrook LLC grew its stake in shares of Alphabet by 0.3% in the 1st quarter. Evansbrook LLC now owns 9,522 shares of the information services provider's stock valued at $2,738,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GOOGL shares. Loop Capital increased their price objective on Alphabet from $355.00 to $490.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Alphabet in a report on Monday, June 22nd. Zacks Research cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. 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. Finally, Phillip Securities raised shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 27th. Five analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Alphabet has an average rating of "Buy" and an average price target of $420.19.

More Alphabet News

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

Insider Activity

In other news, Director John Hennessy sold 1,050 shares of Alphabet stock in a transaction on Monday, June 15th. The shares were sold at an average price of $368.63, for a total transaction of $387,061.50. Following the transaction, the director directly owned 1,481 shares of the company's stock, valued at $545,941.03. This trade represents a 41.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Walker sold 8,998 shares of the business's stock in a transaction dated Monday, June 29th. The shares were 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 directly owned 75,290 shares of the company's stock, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 451,925 shares of company stock worth $12,371,544 in the last ninety days. Company insiders own 11.61% of the company's stock.

Alphabet Trading Up 1.8%

Shares of GOOGL opened at $338.50 on Friday. The stock's fifty day simple moving average is $346.75 and its 200-day simple moving average is $343.66. The firm has a market capitalization of $4.14 trillion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 0.96 and a beta of 1.22. Alphabet Inc. has a 12-month low of $235.84 and a 12-month high of $408.61. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16.

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. As a group, research analysts predict that Alphabet Inc. will post 20.52 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be paid 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 dividend payout ratio (DPR) is presently 4.42%.

Alphabet 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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