CI Investments Inc. Sells 160,244 Shares of Alphabet Inc. $GOOGL

CI Investments Inc. trimmed its position in Alphabet Inc. (NASDAQ:GOOGL) by 12.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,100,280 shares of the information services provider’s stock after selling 160,244 shares during the period. Alphabet makes up about 1.5% of CI Investments Inc.’s holdings, making the stock its 11th largest holding. CI Investments Inc.’s holdings in Alphabet were worth $316,397,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GOOGL. First Trust Advisors LP grew its stake in Alphabet by 1.0% in the 1st quarter. First Trust Advisors LP now owns 4,897,499 shares of the information services provider’s stock valued at $1,408,325,000 after buying an additional 46,504 shares during the last quarter. Marin Bay Wealth Advisors LLC grew its position in shares of Alphabet by 1.4% in the first quarter. Marin Bay Wealth Advisors LLC now owns 7,584 shares of the information services provider’s stock valued at $2,181,000 after purchasing an additional 102 shares during the last quarter. Insight Advisors LLC PA grew its position in shares of Alphabet by 1.8% in the first quarter. Insight Advisors LLC PA now owns 25,959 shares of the information services provider’s stock valued at $7,465,000 after purchasing an additional 448 shares during the last quarter. Magellan Asset Management Ltd increased its stake in shares of Alphabet by 4.9% in the first quarter. Magellan Asset Management Ltd now owns 676,417 shares of the information services provider’s stock worth $194,510,000 after purchasing an additional 31,608 shares during the period. Finally, a16z Perennial Management L.P. bought a new position in shares of Alphabet in the first quarter worth about $4,020,000. 40.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director John L. Hennessy sold 1,050 shares of the 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 completion of the transaction, the director owned 1,481 shares in the company, valued at approximately $545,941.03. This represents a 41.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 600,547 shares of company stock valued at $16,255,540 over the last ninety days. 11.61% of the stock is owned by company insiders.

Alphabet Trading Up 6.7%

Alphabet stock opened at $356.13 on Friday. The business has a 50 day moving average price of $357.79 and a two-hundred day moving average price of $339.30. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12 month low of $187.82 and a 12 month high of $408.61. The stock has a market cap of $4.36 trillion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.00 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last announced 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. The company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. As a group, equities analysts forecast that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s dividend payout ratio (DPR) is 4.42%.

Analyst Ratings Changes

Several brokerages recently weighed in on GOOGL. Robert W. Baird increased their target price on Alphabet from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Dbs Bank lifted their price target on Alphabet from $400.00 to $460.00 in a research report on Thursday, May 7th. Barclays reiterated an “overweight” rating and set a $425.00 price target (up from $405.00) on shares of Alphabet in a report on Thursday, July 23rd. Citigroup reissued an “outperform” rating on shares of Alphabet in a research report on Monday, May 4th. Finally, Needham & Company LLC restated a “buy” rating and issued a $450.00 price objective on shares of Alphabet in a research note on Wednesday, June 3rd. Six analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Alphabet presently has an average rating of “Buy” and a consensus target price of $419.86.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s custom Tensor Processing Units (TPUs) are increasingly viewed as credible alternatives to Nvidia chips. That could reduce Google’s dependence on external suppliers and create a potential external chip-revenue opportunity. Alphabet and Amazon custom AI chips
• Positive Sentiment: Recent commentary highlights Alphabet’s record quarter, strong Google Cloud growth, Gemini adoption and enterprise AI demand. Analysts and value-focused investors continue to view GOOGL as comparatively inexpensive among large technology and AI companies. Alphabet AI investment and valuation
• Positive Sentiment: Google is reportedly supporting a $15 billion Anthropic data-center project with chips and financial guarantees, while Oracle is expanding its partnership to bring Gemini models to enterprise applications. These initiatives could drive Google Cloud demand and strengthen Alphabet’s AI ecosystem. Anthropic data center backed by Google
• Neutral Sentiment: Alphabet’s reported quarterly earnings and revenue beat consensus estimates by wide margins, supporting the fundamental case, although investors remain focused on whether AI growth will translate into sufficient cash returns.
• Negative Sentiment: Alphabet withdrew its Google Earth AI image-generation feature only one day after launch following criticism that fabricated imagery could spread misinformation. The quick reversal limits immediate product risk but raises questions about AI governance and rollout discipline. Google Earth AI feature withdrawn
• Negative Sentiment: The AI buildout is becoming increasingly expensive. Alphabet is targeting up to $205 billion in 2026 capital expenditures, while rising memory and infrastructure costs are pressuring cash flow and increasing future depreciation. AI buildout costs and cash flow
• Negative Sentiment: Recent insider sales were small relative to the executives’ remaining holdings, but they provide a modest sentiment headwind. Separately, investor-law-firm investigations could create additional legal and reputational overhang. Alphabet director stock sale

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.