Alphabet (NASDAQ:GOOGL) Major Shareholder 2019 Gp L.L.C. Gv Sells 60,077 Shares

Alphabet Inc. (NASDAQ:GOOGL) major shareholder 2019 Gp L.L.C. Gv sold 60,077 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $23.01, for a total value of $1,382,371.77. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

2019 Gp L.L.C. Gv also recently made the following trade(s):

• On Friday, May 15th, 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25.

Alphabet Stock Up 0.0%

Shares of GOOGL traded up $0.16 during mid-day trading on Monday, reaching $396.94. The company’s stock had a trading volume of 26,758,409 shares, compared to its average volume of 31,664,449. Alphabet Inc. has a 12-month low of $162.00 and a 12-month high of $408.61. The stock has a market cap of $4.81 trillion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 1.70 and a beta of 1.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The company’s 50 day moving average is $329.30 and its 200 day moving average is $317.61.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Equities analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is currently 6.41%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Investors are looking ahead to Google I/O, where Alphabet is expected to showcase major AI updates across Gemini, Search, Android, Chrome, agentic commerce, and its TPU chips — a key opportunity to reinforce its leadership in the AI race. Google I/O primer: Alphabet’s AI showcase is its chance to wow Wall Street
• Positive Sentiment: Arete Research raised its price target on Alphabet to $425 from $405 and reiterated a Buy rating, signaling further upside from current levels. MarketScreener
• Positive Sentiment: Berkshire Hathaway reportedly more than tripled its Alphabet stake, a notable vote of confidence from a major long-term investor and a signal that large institutions still see value in the stock. Warren Buffett Successor Greg Abel Just More Than Tripled Berkshire’s Stake in This “Magnificent Seven” Stock. Is It a Buy?
• Positive Sentiment: Coverage continues to highlight Alphabet’s strong AI-driven rally, with articles noting that the company has been re-rated by Wall Street as a full-stack AI winner and may still have room to run. Alphabet Stock Nears $5 Trillion Market Cap. What’s Driving the Rally.
• Neutral Sentiment: Alphabet is also in the spotlight for settling a youth mental health lawsuit tied to YouTube, which removes a legal overhang but is unlikely to be a major stock driver on its own. Alphabet Balances Youth Safety Settlement With New AI Growth Plans
• Neutral Sentiment: Some recent commentary suggests investors are divided on how much more upside Alphabet has after its sharp run, indicating a possible pause if expectations become too high ahead of Google I/O. Some Very Smart Money Can’t Agree On What To Do With Alphabet’s Soaring Stock

Hedge Funds Weigh In On Alphabet

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Alphabet during the fourth quarter worth approximately $30,534,239,000. Berkshire Hathaway Inc acquired a new stake in shares of Alphabet during the 3rd quarter valued at $4,338,397,000. Cardano Risk Management B.V. lifted its position in shares of Alphabet by 855.3% during the 4th quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider’s stock valued at $4,546,413,000 after acquiring an additional 13,004,828 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Alphabet by 2.4% during the 4th 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. Finally, Capital World Investors lifted its position in shares of Alphabet by 28.0% during the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock valued at $12,910,542,000 after acquiring an additional 11,605,785 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on GOOGL shares. BMO Capital Markets raised their price objective on Alphabet from $410.00 to $435.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a report on Monday, May 4th. Argus lifted their target price on Alphabet from $365.00 to $385.00 and gave the company a “buy” rating in a report on Friday, February 6th. DZ Bank reiterated a “buy” rating on shares of Alphabet in a report on Monday, February 16th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $390.00 price objective (up from $345.00) on shares of Alphabet in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $411.23.

Alphabet Company 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.