Weil Company Inc. Sells 4,362 Shares of Alphabet Inc. $GOOGL

Weil Company Inc. lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 25.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,915 shares of the information services provider’s stock after selling 4,362 shares during the quarter. Alphabet comprises 0.8% of Weil Company Inc.’s investment portfolio, making the stock its 22nd largest holding. Weil Company Inc.’s holdings in Alphabet were worth $4,615,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GOOGL. Vigil Wealth Management LLC purchased a new stake in shares of Alphabet during the 2nd quarter valued at approximately $212,000. Rik Saylor Financial Inc. purchased a new position in Alphabet in the 2nd quarter valued at approximately $261,000. BLB&B Advisors LLC grew its stake in Alphabet by 1.5% in the 2nd quarter. BLB&B Advisors LLC now owns 142,229 shares of the information services provider’s stock valued at $50,828,000 after buying an additional 2,145 shares in the last quarter. Convergence Financial LLC grew its stake in Alphabet by 89.7% in the 2nd quarter. Convergence Financial LLC now owns 53,929 shares of the information services provider’s stock valued at $19,272,000 after buying an additional 25,506 shares in the last quarter. Finally, TBH Global Asset Management LLC raised its holdings in Alphabet by 0.4% during the 2nd quarter. TBH Global Asset Management LLC now owns 47,861 shares of the information services provider’s stock valued at $17,104,000 after acquiring an additional 181 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frances Arnold sold 82 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $333.39, for a total value of $27,337.98. Following the transaction, the director directly owned 18,914 shares of the company’s stock, valued at $6,305,738.46. The trade was a 0.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 451,945 shares of company stock worth $12,382,714. 11.61% of the stock is currently owned by insiders.

Alphabet Trading Down 1.4%

Alphabet stock opened at $342.00 on Thursday. The stock has a market cap of $4.18 trillion, a P/E ratio of 17.18, a PEG ratio of 0.97 and a beta of 1.24. Alphabet Inc. has a fifty-two week low of $205.65 and a fifty-two week high of $408.61. The firm’s fifty day moving average price is $350.61 and its 200-day moving average price is $341.58. 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) last issued its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) 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 the consensus estimate of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Equities research analysts forecast that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on GOOGL. Wall Street Zen lowered Alphabet from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. New Street Research boosted their price objective on Alphabet from $450.00 to $455.00 and gave the company a “buy” rating in a research note on Friday, June 5th. DA Davidson set a $350.00 price objective on Alphabet and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Citigroup reissued an “outperform” rating on shares of Alphabet in a report on Monday, May 4th. Finally, Freedom Capital upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Alphabet currently has an average rating of “Buy” and an average target price of $420.19.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway increased its Alphabet stake by 83% to approximately $37.8 billion, providing a significant endorsement from a major long-term investor and reinforcing confidence in Alphabet’s search, cloud and AI businesses. Berkshire Boosts Its Bet: This AI Hyperscaler Is Now a Top-3 Holding
• Positive Sentiment: Google is expanding Gemini Enterprise into regulated industries, including legal and financial services, creating potential for higher-value recurring cloud and AI revenue as enterprises adopt specialized agents. What Alphabet’s Gemini Enterprise Push Into Regulated Industries Means For Shareholders
• Positive Sentiment: Alphabet-owned Waymo plans to enter Germany with driverless rides in 2027, offering a potential long-term growth avenue and demonstrating progress toward international commercialization. Waymo to launch driverless rides in Germany in 2027
• Neutral Sentiment: Google introduced new Gemini Live voice capabilities intended to let users complete multiple tasks without choosing among separate AI tools. The feature may improve engagement, although its near-term financial impact is unclear. Google’s Gemini has a branding problem
• Negative Sentiment: A settlement involving Meta and U.S. state attorneys general has renewed scrutiny of how YouTube protects children and teenagers. Investors are concerned that similar requirements could impose substantial compliance costs or financial obligations on Alphabet. Why is Alphabet stock down today?
• Negative Sentiment: Alphabet moved its AI-responsibility team out of DeepMind, prompting concerns among researchers about independence and the team’s ability to identify risks in new models. The development adds governance and reputational uncertainty to the company’s aggressive AI rollout. Google Moves AI-Responsibility Team Out of DeepMind Lab
• Negative Sentiment: Reports that Nvidia-based AI server prices may rise by more than 15% could increase Alphabet’s infrastructure costs, adding pressure to margins as the company continues heavy AI capital spending. Alphabet Spends About 60 Cents of Every Technical Infrastructure Dollar on Servers

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.