Alphabet Inc. $GOOG Shares Sold by Cumberland Partners Ltd

Cumberland Partners Ltd lessened its position in Alphabet Inc. (NASDAQ:GOOG) by 1.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,559 shares of the information services provider’s stock after selling 1,649 shares during the period. Alphabet comprises about 3.7% of Cumberland Partners Ltd’s portfolio, making the stock its 6th largest holding. Cumberland Partners Ltd’s holdings in Alphabet were worth $48,353,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of GOOG. Imprint Wealth LLC acquired a new position in Alphabet during the third quarter worth approximately $31,000. Nvest Wealth Strategies Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $38,000. Lifetime Wealth Management P.C. acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $38,000. Bard Associates Inc. bought a new position in shares of Alphabet during the 4th quarter worth approximately $41,000. Finally, Towne Trust Company N.A boosted its stake in shares of Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after acquiring an additional 34 shares during the period. 27.26% of the stock is owned by institutional investors.

Alphabet Trading Up 2.3%

Shares of Alphabet stock opened at $326.57 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The firm has a 50-day moving average of $359.30 and a 200-day moving average of $337.61. Alphabet Inc. has a 52-week low of $188.70 and a 52-week high of $404.47. The stock has a market cap of $3.96 trillion, a PE ratio of 16.40, a PEG ratio of 1.08 and a beta of 1.23.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $116.53 billion. During the same period last year, the firm earned $2.31 earnings per share. Alphabet’s revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Alphabet Inc. will post 17.25 EPS for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be given 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 payout ratio is presently 4.42%.

Insiders Place Their Bets

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 transaction, the insider owned 75,290 shares in the company, valued at $26,298,044.10. This trade represents a 10.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction 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 sale, the director owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. The trade was a 41.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 159,415 shares of company stock valued at $7,672,279 in the last quarter. Company insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. TD Cowen restated a “buy” rating and issued a $475.00 price target on shares of Alphabet in a research note on Thursday, July 23rd. KeyCorp set a $445.00 price objective on shares of Alphabet in a research report on Friday, July 10th. Cantor Fitzgerald restated an “overweight” rating and set a $420.00 target price (down from $435.00) on shares of Alphabet in a research note on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research note on Friday, July 17th. Finally, DZ Bank raised shares of Alphabet to a “strong-buy” rating in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $410.09.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet reported a strong second quarter, with revenue up 24% year over year to $119.8 billion and earnings of $9.11 per share, well above estimates. Google Cloud growth, reported at approximately 82%, and continued strength in Search and YouTube reinforced the company’s AI monetization story. Alphabet Stock Is Gaining Monday: What’s Going On?
• Positive Sentiment: Analysts and portfolio managers largely continue to support Alphabet’s long-term outlook. Bullish arguments point to enterprise AI adoption, a roughly $514 billion Cloud backlog, improving Cloud margins and early evidence that AI features can strengthen Search and other services. Berkshire Hathaway’s substantial Alphabet position also provides a notable vote of confidence. Alphabet Q2 Strength Reinforces the Bullish Case
• Positive Sentiment: YouTube reached a multiyear agreement with NBCUniversal to include Peacock content for U.S. YouTube Premium subscribers beginning in 2027. The deal could improve subscription value, engagement and YouTube’s competitive position in streaming. NBCUniversal and YouTube Ink Peacock Deal

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.