South Street Advisors LLC Sells 2,162 Shares of Alphabet Inc. $GOOGL

South Street Advisors LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 1.9% in the second quarter, Holdings Channel reports. The firm owned 112,233 shares of the information services provider’s stock after selling 2,162 shares during the period. Alphabet comprises about 5.2% of South Street Advisors LLC’s portfolio, making the stock its 3rd largest position. South Street Advisors LLC’s holdings in Alphabet were worth $40,109,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOGL. Brighton Jones LLC boosted its holdings in Alphabet by 3.9% in the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after acquiring an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Alphabet by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock valued at $2,826,000 after acquiring an additional 506 shares in the last quarter. Matrix Asset Advisors Inc. NY raised its position in shares of Alphabet by 17.6% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider’s stock valued at $685,000 after purchasing an additional 581 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Alphabet by 11.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider’s stock valued at $85,557,000 after purchasing an additional 48,805 shares during the last quarter. Finally, United Bank boosted its stake in Alphabet by 6.9% in the 2nd quarter. United Bank now owns 48,204 shares of the information services provider’s stock worth $8,495,000 after purchasing an additional 3,120 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $346.96 on Wednesday. The company has a 50 day simple moving average of $351.05 and a two-hundred day simple moving average of $341.51. The stock has a market cap of $4.24 trillion, a price-to-earnings ratio of 17.43, a PEG ratio of 0.98 and a beta of 1.24. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12 month low of $205.65 and a 12 month high of $408.61.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping 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 analyst estimates of $117.07 billion. As a group, analysts predict that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is presently 4.42%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Wedbush reissued an “outperform” rating and set a $445.00 target price on shares of Alphabet in a research report on Thursday, July 23rd. New Street Research lifted their price objective on shares of Alphabet from $450.00 to $455.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Susquehanna reissued a “positive” rating and set a $460.00 price objective (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Dbs Bank upped their target price on Alphabet from $400.00 to $460.00 in a research report on Thursday, May 7th. Finally, Citigroup restated an “outperform” rating on shares of Alphabet in a research note on Monday, May 4th. Six equities research analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Buy” and an average target price of $420.19.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway significantly increased its Alphabet position. Berkshire’s second-quarter filing reportedly showed an 83% increase in its stake to approximately $37.8 billion, making Alphabet one of its largest holdings. The purchase may reinforce investor confidence in Alphabet’s valuation, cash generation and AI growth prospects. Berkshire Boosts Its Bet: This AI Hyperscaler Is Now a Top-3 Holding
• Positive Sentiment: Google expanded Gemini Enterprise into legal and financial services. New specialized AI agents and tools could help Google Cloud monetize Gemini, compete with Anthropic and OpenAI, and deepen relationships with high-value enterprise customers. Google expands Gemini AI platform for law firms, lawyers
• Positive Sentiment: Alphabet-owned Waymo is expanding internationally. Waymo plans to test autonomous vehicles in Munich and launch commercial driverless rides in Germany in 2027, its first European market. The move supports the long-term growth case for Alphabet’s autonomous-driving investments, although near-term financial benefits are likely limited. Waymo to begin testing autonomous vehicles in Munich
• Positive Sentiment: Google’s in-house TPU strategy is attracting attention. Reports that TPU volume could potentially triple by 2027 suggest growing demand for Google’s AI infrastructure and could improve cloud economics while reducing reliance on Nvidia hardware. Google TPU Volume Could Triple to 8.8 Million by 2027
• Neutral Sentiment: Google reportedly plans to move Pixel manufacturing out of China by 2027. Shifting production to Vietnam and India could diversify supply chains, but relocation costs and execution risks make the immediate earnings impact uncertain. Google plans to move all Pixel manufacturing out of China by 2027
• Negative Sentiment: Pomerantz LLP announced an investigation into claims on behalf of Alphabet investors. The notice provides few details, but securities-law investigations can create headline risk, potential legal expenses and uncertainty for shareholders. Investor Alert: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Alphabet
• Negative Sentiment: Possible delays to a new Gemini Pro release may be weighing on AI sentiment. Reports that a flagship Gemini update may not arrive before late September could raise concerns about Google’s pace of innovation as competition from Anthropic and OpenAI intensifies. Gemini Pro delay leaves Google with an empty flagship tier

Insider Buying and Selling

In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the transaction, the director owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. This represents a 41.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 451,945 shares of company stock worth $12,382,714. Corporate insiders own 11.61% of the company’s stock.

About Alphabet

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.