Neville Rodie & Shaw Inc. Trims Stock Position in Alphabet Inc. $GOOGL

Neville Rodie & Shaw Inc. trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 1.0% in the second quarter, Holdings Channel reports. The fund owned 248,226 shares of the information services provider’s stock after selling 2,596 shares during the period. Alphabet accounts for about 5.7% of Neville Rodie & Shaw Inc.’s portfolio, making the stock its 3rd biggest position. Neville Rodie & Shaw Inc.’s holdings in Alphabet were worth $88,709,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Norges Bank bought a new position in Alphabet in the fourth quarter valued at approximately $30,534,239,000. Cardano Risk Management B.V. increased its position in shares of Alphabet by 855.3% during the fourth quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider’s stock worth $4,546,413,000 after acquiring an additional 13,004,828 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Alphabet by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock worth $165,567,398,000 after acquiring an additional 12,531,695 shares in the last quarter. Capital World Investors raised its holdings in shares of Alphabet by 28.0% during the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock worth $12,910,542,000 after acquiring an additional 11,605,785 shares during the period. Finally, Diamant Asset Management Inc. lifted its position in Alphabet by 28,950.0% in the 1st quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider’s stock valued at $2,671,986,000 after acquiring an additional 9,259,940 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google’s Gemini app surpassed 1 billion monthly active users, marking a major distribution milestone that could strengthen Alphabet’s AI ecosystem, user engagement and monetization potential. Google’s Gemini app surges to one billion users
• Positive Sentiment: Ryanair signed a five-year Google Cloud agreement to deploy Gemini and DeepMind models for crew scheduling and operational decisions, providing evidence of enterprise demand for Alphabet’s AI and cloud offerings. Ryanair signs five-year Google Cloud deal
• Positive Sentiment: Alphabet’s increased AI investment continues to attract investor interest, with analysts highlighting the company’s momentum and potential beneficiaries of its planned data-center spending. However, the scale of investment remains a key debate. Alphabet’s Higher AI Spending Could Boost These ETFs
• Neutral Sentiment: Alphabet’s earnings influence on broader S&P 500 growth underscores its importance to market performance, but it also makes the stock more sensitive to shifts in technology-sector sentiment and portfolio positioning. Tech Stocks Have Stumbled
• Negative Sentiment: Alphabet remains exposed to more than 3,000 youth-addiction lawsuits alleging that social-media platforms were designed to harm young users. The litigation could create financial liability and increase regulatory pressure. Social media platforms still facing thousands of user addiction lawsuits
• Negative Sentiment: A French newspaper group asked regulators to investigate Google’s AI-generated search summaries, arguing they divert traffic from publishers. Similar disputes could raise compliance costs and threaten parts of Google’s search economics. French media asks French anti-trust watchdog to act on Google’s AI
• Negative Sentiment: AI data centers face significant power and infrastructure constraints, adding execution risk to Alphabet’s large capital-spending plans and raising questions about returns on AI investment. AI’s Next Bottleneck Isn’t Chips, It’s Power Infrastructure

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $343.80 on Wednesday. The stock has a market capitalization of $4.20 trillion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.00 and a beta of 1.24. The business has a 50-day moving average of $354.94 and a 200-day moving average of $340.84. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. Alphabet Inc. has a fifty-two week low of $196.60 and a fifty-two week high of $408.61.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $6.22. The business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. As a group, sell-side analysts predict that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed 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. 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 currently 4.42%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Stifel Nicolaus set a $420.00 target price on Alphabet and gave the stock a “buy” rating in a report on Thursday, April 30th. Sanford C. Bernstein restated a “market perform” rating and issued a $390.00 price target (up from $345.00) on shares of Alphabet in a report on Thursday, April 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $425.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. Needham & Company LLC reiterated a “buy” rating and set a $450.00 price objective on shares of Alphabet in a report on Wednesday, June 3rd. Finally, KeyCorp lifted their target price on Alphabet from $425.00 to $445.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. 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. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $419.86.

Insider Activity

In other Alphabet news, insider John Kent Walker sold 8,998 shares of the firm’s stock in a transaction 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 completion of the sale, the insider owned 75,290 shares of the company’s stock, valued at $26,298,044.10. This trade represents a 10.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frances Arnold sold 82 shares of Alphabet stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $333.39, for a total transaction of $27,337.98. Following the transaction, the director directly owned 18,914 shares of the company’s stock, valued at approximately $6,305,738.46. This trade represents a 0.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 600,547 shares of company stock valued at $16,255,540. Company insiders own 11.61% of the company’s stock.

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.