Alphabet (NASDAQ:GOOG) Major Shareholder 2019 Gp L.L.C. Gv Sells 60,077 Shares

Alphabet Inc. (NASDAQ:GOOG) major shareholder 2019 Gp L.L.C. Gv sold 60,077 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $23.01, for a total transaction of $1,382,371.77. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

2019 Gp L.L.C. Gv also recently made the following trade(s):

• On Friday, May 15th, 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25.

Alphabet Price Performance

Shares of GOOG opened at $393.11 on Tuesday. The stock has a market capitalization of $4.76 trillion, a P/E ratio of 29.99, a P/E/G ratio of 1.68 and a beta of 1.25. Alphabet Inc. has a twelve month low of $163.33 and a twelve month high of $404.47. The company has a 50 day moving average of $329.28 and a 200-day moving average of $318.18. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.43. The company had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period last year, the business earned $2.81 EPS. As a group, equities research analysts forecast that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is 6.41%.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Investors are looking for major AI announcements at Google I/O, including Gemini upgrades, agentic commerce features, and TPU chip progress, which could reinforce Alphabet’s leadership in AI. Google I/O primer: Alphabet’s AI showcase is its chance to wow Wall Street
• Positive Sentiment: Bank of America expects broad AI product updates across Search, Chrome, and Android, supporting the view that Alphabet can keep monetizing AI across its core platforms. Google I/O preview: Bank of America expects major AI push across Search, Chrome, and Android
• Positive Sentiment: Berkshire Hathaway reportedly increased its Alphabet position again, a high-profile signal that some large investors still see upside in the stock. Warren Buffett’s Successor, Greg Abel, Just Sold 16 Stocks, but Piled Into an AI Titan That’s Now a Top-5 Position for Berkshire Hathaway
• Positive Sentiment: Recent coverage highlights Alphabet’s strong fundamentals, including a powerful earnings beat, cloud backlog growth, and AI-driven efficiency gains, which have helped justify the rally. Alphabet: The $462B Backlog Crushed The Bear Case, But At 30x P/E I’m Trimming To Buy
• Neutral Sentiment: Multiple hedge fund and billionaire portfolio updates show mixed views on Alphabet, with some managers adding while others trimmed positions, which may limit the stock’s near-term reaction. Pershing Square trims Alphabet Class C stake by 5.85M shares
• Negative Sentiment: Alphabet disclosed insider-like selling by a major shareholder, which can create slight pressure if investors interpret it as profit-taking after the recent run-up. SEC filing

Analyst Ratings Changes

Several equities analysts have recently weighed in on GOOG shares. BMO Capital Markets restated an “outperform” rating and issued a $400.00 price objective on shares of Alphabet in a report on Thursday, February 5th. TD Cowen raised their target price on shares of Alphabet from $375.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Wedbush reissued an “outperform” rating and issued a $370.00 target price on shares of Alphabet in a research note on Thursday, February 5th. KeyCorp set a $370.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Finally, Piper Sandler reissued an “overweight” rating and issued a $395.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $363.40.

Institutional Investors Weigh In On Alphabet

A number of institutional investors have recently modified their holdings of GOOG. Auto Owners Insurance Co boosted its stake in shares of Alphabet by 38,409.2% in the fourth 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 buying an additional 179,369,280 shares during the period. J. Stern & Co. LLP boosted its stake in shares of Alphabet by 28,482.8% in the fourth 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 buying an additional 111,699,704 shares during the period. Norges Bank bought a new stake in shares of Alphabet in the fourth quarter valued at approximately $18,093,665,000. Cardano Risk Management B.V. boosted its stake in shares of Alphabet by 850.3% in the fourth quarter. Cardano Risk Management B.V. now owns 17,692,600 shares of the information services provider’s stock valued at $5,551,938,000 after buying an additional 15,830,754 shares during the period. Finally, Vanguard Group Inc. boosted its stake 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 buying an additional 8,128,234 shares during the period. Institutional investors own 27.26% of the company’s stock.

Alphabet Company 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.