Alphabet Inc. $GOOG Shares Sold by DJE Kapital AG

DJE Kapital AG lowered its stake in Alphabet Inc. (NASDAQ:GOOG) by 28.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 399,540 shares of the information services provider’s stock after selling 156,129 shares during the quarter. Alphabet makes up about 2.5% of DJE Kapital AG’s holdings, making the stock its 14th biggest position. DJE Kapital AG’s holdings in Alphabet were worth $111,723,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of GOOG. Vanguard Group Inc. lifted its position in shares of Alphabet by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock valued at $132,114,125,000 after acquiring an additional 8,128,234 shares in the last quarter. State Street Corp increased its position in Alphabet by 0.5% during the 4th quarter. State Street Corp now owns 187,102,863 shares of the information services provider’s stock worth $58,712,878,000 after purchasing an additional 953,790 shares in the last quarter. Auto Owners Insurance Co raised its stake in Alphabet by 38,409.2% in the 4th quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock valued at $5,643,262,000 after purchasing an additional 179,369,280 shares during the last quarter. J. Stern & Co. LLP lifted its holdings in Alphabet by 28,482.8% in the 4th quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock valued at $35,174,429,000 after purchasing an additional 111,699,704 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Alphabet by 1.1% in the 4th quarter. JPMorgan Chase & Co. now owns 100,602,893 shares of the information services provider’s stock valued at $31,569,189,000 after purchasing an additional 1,073,151 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GOOG. Stifel Nicolaus set a $420.00 price target on shares of Alphabet in a report on Wednesday, May 20th. Wells Fargo & Company reduced their price objective on shares of Alphabet from $418.00 to $411.00 and set an “overweight” rating on the stock in a research note on Thursday. Pivotal Research raised their target price on shares of Alphabet from $470.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday. Piper Sandler reaffirmed an “overweight” rating and issued a $395.00 target price (down from $445.00) on shares of Alphabet in a research note on Thursday. Finally, Scotiabank reiterated an “outperform” rating and issued a $450.00 price target (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Five analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $410.09.

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total value of $39,343.36. Following the transaction, the director owned 18,833 shares in the company, valued at approximately $6,615,656.24. This trade represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 159,415 shares of company stock worth $7,672,279. 12.99% of the stock is owned by corporate insiders.

Alphabet Trading Up 0.2%

NASDAQ GOOG opened at $319.09 on Friday. The company has a market cap of $3.87 trillion, a P/E ratio of 16.03, a P/E/G ratio of 1.31 and a beta of 1.23. Alphabet Inc. has a 12 month low of $188.70 and a 12 month high of $404.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 1.92. The company has a 50-day moving average of $360.63 and a 200-day moving average of $337.38.

Alphabet (NASDAQ:GOOG) 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 $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $116.53 billion. During the same period last year, the company earned $2.31 earnings per share. The company’s quarterly revenue was up 24.2% on a year-over-year basis. As a group, equities analysts predict that Alphabet Inc. will post 14.34 earnings per share for the current year.

Alphabet Dividend Announcement

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

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet posted a strong Q2 beat, with revenue and EPS coming in ahead of expectations, while Google Cloud revenue surged 82% and cloud margins improved sharply.
• Positive Sentiment: AI and product demand remain strong, with management saying AI usage is rising across Search, Cloud, and Gemini, supporting the long-term growth story.
• Positive Sentiment: Several analysts reiterated bullish views or raised targets, and multiple commentary pieces argued the stock looks attractive after the pullback.
• Positive Sentiment: Verizon signed a deal worth more than $1 billion with Google for dark fiber connectivity, adding another sign of infrastructure demand tied to Alphabet’s data-center buildout. Article Title
• Neutral Sentiment: Waymo is reportedly considering ending its Uber partnership, which could affect how quickly Alphabet’s robotaxi business scales, but the direct financial impact is still unclear. Article Title
• Neutral Sentiment: Alphabet also disclosed a large SpaceX stake and saw some institutional holders trim positions, but these items are secondary to the main debate over AI spending and cash flow.
• Negative Sentiment: Investors were unnerved by Alphabet’s higher CapEx guidance and negative free cash flow, which raised concerns that AI spending may be outpacing near-term returns.
• Negative Sentiment: Alphabet was also hit by an EU antitrust fine of about $1 billion, adding another regulatory overhang. Article Title
• Negative Sentiment: Moody’s warned that the industry-wide AI buildout could threaten credit quality at Alphabet and other hyperscalers, reinforcing concerns about balance-sheet strain from heavy infrastructure investment. Article Title

Alphabet Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.