Notis McConarty Edward Sells 1,555 Shares of Alphabet Inc. $GOOGL

Notis McConarty Edward lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 44,557 shares of the information services provider’s stock after selling 1,555 shares during the period. Alphabet makes up 6.9% of Notis McConarty Edward’s investment portfolio, making the stock its biggest holding. Notis McConarty Edward’s holdings in Alphabet were worth $15,923,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Asahi Life Asset Management CO. LTD. grew its position in Alphabet by 39.3% during the second quarter. Asahi Life Asset Management CO. LTD. now owns 24,884 shares of the information services provider’s stock worth $8,893,000 after buying an additional 7,023 shares in the last quarter. Financial Alternatives Inc increased its stake in Alphabet by 17.3% during the second quarter. Financial Alternatives Inc now owns 1,468 shares of the information services provider’s stock valued at $525,000 after acquiring an additional 217 shares during the period. MSH Capital Advisors LLC raised its holdings in Alphabet by 15.2% in the 2nd quarter. MSH Capital Advisors LLC now owns 20,135 shares of the information services provider’s stock valued at $7,195,000 after acquiring an additional 2,657 shares in the last quarter. NWK Group Inc. raised its holdings in Alphabet by 0.3% in the 2nd quarter. NWK Group Inc. now owns 70,846 shares of the information services provider’s stock valued at $25,318,000 after acquiring an additional 230 shares in the last quarter. Finally, Strategic Equity Management bought a new stake in shares of Alphabet in the 2nd quarter worth approximately $259,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Price Performance

NASDAQ:GOOGL opened at $342.48 on Friday. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.19 trillion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 0.98 and a beta of 1.22. Alphabet Inc. has a 12 month low of $226.11 and a 12 month high of $408.61. The company’s 50-day moving average price is $349.00 and its two-hundred day moving average price is $342.64.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share 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 analyst estimates of $117.07 billion. On average, equities analysts anticipate that Alphabet Inc. will post 20.5 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared 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 dividend payout ratio is 4.42%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GOOGL. Zacks Research lowered Alphabet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. KeyCorp upped their target price on Alphabet from $425.00 to $445.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $410.00 target price on shares of Alphabet in a research report on Thursday. Wall Street Zen downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $450.00 price target on shares of Alphabet in a report on Wednesday, June 3rd. Five analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $420.19.

Insider Buying and Selling

In related news, Director Frances Arnold sold 82 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $337.71, for a total transaction of $27,692.22. Following the completion of the sale, the director directly owned 18,995 shares of the company’s stock, valued at $6,414,801.45. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 451,925 shares of company stock worth $12,371,544 in the last three months. Insiders own 11.61% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: A federal judge rejected the U.S. government’s request to force Google to sell its AdX advertising exchange and other ad-tech assets. Although Alphabet must change certain business practices, avoiding a breakup preserves the company’s advertising infrastructure and revenue potential. Google defeats US bid to force ad tech sale
• Positive Sentiment: Berkshire Hathaway increased its Alphabet stake, with CEO Greg Abel describing Google as a significant AI player. The investment is a high-profile endorsement of Alphabet’s long-term competitive position in AI. Berkshire CEO Abel says Alphabet a significant player in AI
• Positive Sentiment: Google introduced conversational AI voice features for Gmail, Docs and Keep, expanding Gemini’s integration into widely used Workspace products. A new weather-forecasting model and planned AI image tools also highlight continued product development and potential monetization opportunities. Google launches AI voice features in Gmail, Docs and Keep
• Positive Sentiment: Rosenblatt Securities reaffirmed its buy rating and set a $410 price target. Alphabet will also pay a quarterly dividend of $0.22 per share to eligible shareholders, adding to its shareholder-return appeal. Google to pay dividends this month
• Neutral Sentiment: Alphabet agreed to purchase approximately 396 megawatts of geothermal power from Fervo Energy for a Utah data center, with an expansion option. The deal supports reliable power for AI infrastructure but also underscores the scale and cost of Alphabet’s data-center buildout.
• Negative Sentiment: Investors continue to weigh antitrust-related behavioral remedies, a securities-fraud investigation, insider selling reports and concerns that the promised Gemini 3.5 Pro flagship model remains delayed. These issues could limit sentiment despite the favorable breakup ruling. Securities fraud investigation into Alphabet

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.