Alphabet Inc. $GOOGL Shares Sold by Trinity Street Asset Management LLP

Trinity Street Asset Management LLP trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 139,098 shares of the information services provider’s stock after selling 7,018 shares during the quarter. Alphabet comprises about 2.6% of Trinity Street Asset Management LLP’s portfolio, making the stock its 7th biggest holding. Trinity Street Asset Management LLP’s holdings in Alphabet were worth $49,709,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Buska Wealth Management LLC raised its stake in Alphabet by 5.7% in the second quarter. Buska Wealth Management LLC now owns 875 shares of the information services provider’s stock valued at $313,000 after purchasing an additional 47 shares in the last quarter. Hyperion Asset Management Ltd lifted its position in Alphabet by 11.5% during the second quarter. Hyperion Asset Management Ltd now owns 1,380,352 shares of the information services provider’s stock worth $493,296,000 after purchasing an additional 142,163 shares during the period. Wedge Capital Management L L P NC grew its stake in Alphabet by 12.4% during the second quarter. Wedge Capital Management L L P NC now owns 233,449 shares of the information services provider’s stock worth $83,428,000 after buying an additional 25,694 shares in the last quarter. Northside Capital Management LLC grew its stake in Alphabet by 0.3% during the second quarter. Northside Capital Management LLC now owns 139,721 shares of the information services provider’s stock worth $49,932,000 after buying an additional 463 shares in the last quarter. Finally, Processus Wealth & Capital Management LLC increased its holdings in Alphabet by 1.0% in the 2nd quarter. Processus Wealth & Capital Management LLC now owns 20,509 shares of the information services provider’s stock valued at $7,329,000 after buying an additional 198 shares during the period. Institutional investors own 40.03% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Custom AI-chip partnership strengthens Alphabet’s infrastructure position. Marvell Technology issued Alphabet a warrant to purchase up to 58.97 million shares—roughly 6.7% of Marvell—at $206.58 per share, as part of a partnership to develop custom chips that connect to Google’s TPU ecosystem. The deal signals continued investment in internally tailored AI computing capacity and could reduce reliance on existing suppliers. Marvell Google AI chip deal
• Positive Sentiment: Google Cloud remains a major growth engine. Cloud revenue reportedly rose 82% year over year to $24.8 billion in the second quarter, outpacing Microsoft Azure and Amazon Web Services. The growth reflects strong demand for AI workloads and supports the case that Alphabet’s substantial AI capital spending is generating customer revenue. Google Cloud growth
• Positive Sentiment: Waymo expanded commercial access to cheaper robotaxis. Alphabet’s autonomous-driving unit opened its next-generation, lower-cost vehicles to all riders in Los Angeles, Phoenix, and San Francisco. Lower production, operating, and maintenance costs could improve Waymo’s long-term scalability. Waymo robotaxi expansion
• Positive Sentiment: Investor sentiment was supported by institutional backing and favorable technical signals. Berkshire Hathaway reportedly increased its Alphabet position to approximately $37 billion, while Morgan Stanley identified Alphabet among large-cap technology stocks showing bullish momentum. Berkshire Alphabet investment
• Neutral Sentiment: Alphabet raised about $3.9 billion through its inaugural Australian-dollar bond, supporting AI and data-center investment but also adding to concerns about rising borrowing across the AI industry. Alphabet Australian dollar bond
• Negative Sentiment: Prediction markets indicate that Google’s next flagship Gemini Pro model is unlikely to launch before September, extending a delay that could weigh on competitive positioning in generative AI. Gemini launch delay

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $344.72 on Thursday. The firm has a 50 day simple moving average of $352.64 and a 200 day simple moving average of $341.32. The company has a market cap of $4.22 trillion, a price-to-earnings ratio of 17.31, a PEG ratio of 0.97 and a beta of 1.24. Alphabet Inc. has a one year low of $196.60 and a one year high of $408.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64.

Alphabet (NASDAQ:GOOGL) last announced its quarterly 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 $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. Research analysts predict that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be given 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 yield of 0.3%. Alphabet’s payout ratio is currently 4.42%.

Insider Transactions at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the transaction, the chief accounting officer owned 27,386 shares of the company’s stock, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 451,945 shares of company stock worth $12,382,714 in the last 90 days. 11.61% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GOOGL. Evercore boosted their target price on shares of Alphabet from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Rosenblatt Securities reissued a “neutral” rating and issued a $393.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. Citizens Jmp restated a “market outperform” rating and set a $515.00 price objective on shares of Alphabet in a research report on Wednesday, July 22nd. Daiwa Securities Group boosted their price objective on shares of Alphabet from $380.00 to $445.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research note on Friday, July 17th. Five analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Alphabet presently has a consensus rating of “Buy” and an average price target of $419.86.

Alphabet Profile

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.