Cumberland Partners Ltd Sells 1,649 Shares of Alphabet Inc. $GOOG

Cumberland Partners Ltd cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,559 shares of the information services provider’s stock after selling 1,649 shares during the quarter. Alphabet accounts for about 3.7% of Cumberland Partners Ltd’s portfolio, making the stock its 6th largest position. Cumberland Partners Ltd’s holdings in Alphabet were worth $48,353,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Nvest Wealth Strategies Inc. bought a new stake in shares of Alphabet during the fourth quarter worth $38,000. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet in the 4th quarter valued at $38,000. Imprint Wealth LLC bought a new position in shares of Alphabet in the 3rd quarter valued at $31,000. Bard Associates Inc. acquired a new stake in shares of Alphabet during the 4th quarter valued at $41,000. Finally, Towne Trust Company N.A boosted its holdings 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 valued at $42,000 after acquiring an additional 34 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Alphabet news, 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 transaction of $387,061.50. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $341.72, for a total value of $153,432.28. Following the sale, the chief accounting officer owned 27,348 shares of the company’s stock, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 159,415 shares of company stock worth $7,672,279. Corporate insiders own 12.99% of the company’s stock.

Alphabet Price Performance

Shares of GOOG opened at $326.57 on Tuesday. Alphabet Inc. has a 1 year low of $188.70 and a 1 year 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 2.64. The company has a market capitalization of $3.96 trillion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 1.08 and a beta of 1.23. The business has a 50-day moving average of $359.30 and a 200-day moving average of $337.61.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data 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 return on equity of 51.32% and a net margin of 54.77%.The company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. During the same period in the previous year, the firm earned $2.31 earnings per share. The firm’s quarterly revenue was up 24.2% on a year-over-year basis. As a group, equities research analysts anticipate that Alphabet Inc. will post 17.25 earnings per share for the current year.

Alphabet Dividend Announcement

The company 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. 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 payout ratio is 4.42%.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GOOG. Oppenheimer reaffirmed an “outperform” rating and issued a $400.00 target price (down from $445.00) on shares of Alphabet in a report on Thursday. Morgan Stanley cut their price target on Alphabet from $415.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Zacks Research raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Wolfe Research set a $460.00 price objective on Alphabet in a research note on Thursday. Finally, Wedbush started coverage on shares of Alphabet in a report on Thursday, July 16th. They issued an “outperform” rating and a $445.00 price objective for the company. Six investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $410.09.

About Alphabet

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.