S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
Ruth Porat, President and Chief Investment Officer of Alphabet Inc. (NASDAQ:GOOGL), executed a series of stock sales on February 21, 2025, totaling approximately $3.25 million. The transactions occurred as Alphabet maintains its position as a $2.19 trillion market cap leader in the Interactive Media & Services industry, with InvestingPro data showing strong financial health metrics. These sales involved Alphabet’s Class C Capital Stock and were conducted at prices ranging from $181.65 to $186.80 per share. Following these transactions, Porat retained direct ownership of 1,449,286 shares of Class C Capital Stock. All transactions were made under a pre-established Rule 10b5-1 trading plan. According to InvestingPro analysis, Alphabet currently trades at an attractive PEG ratio of 0.57, with analysts maintaining a strong buy consensus and a high price target of $240. Discover 10+ additional exclusive insights and detailed valuation metrics with InvestingPro’s comprehensive research report.
In other recent news, Alphabet’s subsidiary, Google, has been charged by EU antitrust regulators for allegedly violating competition rules by favoring its own services in search results. This development follows Google’s failure to satisfy regulators with proposed changes to its search practices. Additionally, Google’s European division has settled a tax claim with Milan prosecutors, agreeing to pay $340 million to resolve the issue for the period between 2015 and 2019. Meanwhile, Google Cloud has introduced quantum-safe digital signatures in its Key Management Service, marking a step towards enhancing the security of its cloud products. In other developments, investment firm Cercano Management has increased its holdings in Alphabet, along with Meta (NASDAQ:META) and Apple (NASDAQ:AAPL), while reducing its stake in Microsoft (NASDAQ:MSFT). This shift is part of Cercano’s broader diversification strategy. Furthermore, Alphabet’s Waze application has been classified as a Very Large Online Platform under EU regulations, requiring stricter content control measures. These recent developments reflect ongoing regulatory and strategic adjustments for Alphabet and its subsidiaries.
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