Pitti Group Wealth Management LLC Decreases Stock Position in Alphabet Inc. $GOOGL

Pitti Group Wealth Management LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 15.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,438 shares of the information services provider’s stock after selling 1,665 shares during the period. Alphabet makes up about 2.0% of Pitti Group Wealth Management LLC’s investment portfolio, making the stock its 11th largest holding. Pitti Group Wealth Management LLC’s holdings in Alphabet were worth $2,294,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in Alphabet by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 516,559,609 shares of the information services provider’s stock worth $91,033,300,000 after buying an additional 6,733,278 shares during the last quarter. State Street Corp raised its holdings in shares of Alphabet by 1.8% during the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock valued at $40,524,841,000 after purchasing an additional 4,008,374 shares during the last quarter. Geode Capital Management LLC lifted its position in Alphabet by 3.1% during the second quarter. Geode Capital Management LLC now owns 141,615,284 shares of the information services provider’s stock valued at $24,857,017,000 after purchasing an additional 4,224,497 shares during the period. Norges Bank purchased a new stake in Alphabet in the second quarter worth approximately $21,944,208,000. Finally, Invesco Ltd. grew its position in Alphabet by 1.2% in the 2nd quarter. Invesco Ltd. now owns 44,151,820 shares of the information services provider’s stock worth $7,780,875,000 after purchasing an additional 503,306 shares during the period. Institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the topic of several research analyst reports. Loop Capital increased their price target on Alphabet from $320.00 to $355.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Sanford C. Bernstein raised their target price on Alphabet from $305.00 to $335.00 and gave the stock a “market perform” rating in a research report on Monday, February 2nd. BNP Paribas Exane began coverage on Alphabet in a research note on Monday, November 24th. They set an “outperform” rating and a $355.00 price target for the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $370.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Finally, Truist Financial set a $385.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Three research analysts have rated the stock with a Strong Buy rating, forty-three have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $366.57.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $312.30, for a total transaction of $867,569.40. Following the completion of the sale, the chief accounting officer owned 8,962 shares in the company, valued at approximately $2,798,832.60. This trade represents a 23.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $319.50, for a total value of $10,383,750.00. Following the completion of the transaction, the chief executive officer directly owned 2,272,119 shares in the company, valued at approximately $725,942,020.50. This represents a 1.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,111,426 shares of company stock valued at $118,810,470 over the last three months. Insiders own 11.55% of the company’s stock.

Alphabet Price Performance

NASDAQ GOOGL opened at $306.52 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $349.00. The stock has a market cap of $3.71 trillion, a price-to-earnings ratio of 28.36, a PEG ratio of 1.83 and a beta of 1.10. The company’s 50 day moving average is $320.92 and its two-hundred day moving average is $284.07.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. The business had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. As a group, research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is currently 7.77%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud remains a major growth engine — Q4 cloud revenue grew ~48%, underscoring ongoing monetization of AI/services and supporting long-term revenue expectations. Is Alphabet Stock a Buy?
• Positive Sentiment: Strategic partner deal: Rakuten’s cloud-native storage is now pre-integrated with Google Distributed Cloud Connected Servers — a win for GCP’s hybrid/cloud stack and channel adoption. MWC 2026: Rakuten Cloud-Native Storage Now Built into Google Distributed Cloud Connected Servers
• Positive Sentiment: Regulatory and sustainability progress: South Korea granted conditional approval to export high‑precision map data (removing a long-standing barrier for Google Maps there) and Alphabet announced new clean‑powered data centers with very large long‑duration batteries — supporting geographic expansion and energy cost/ESG positioning. Alphabet’s Mapping Breakthrough And Clean Energy Push Reshape Growth Prospects
• Neutral Sentiment: Meta’s AI chip deals include large leases for Google TPUs — this can be incremental revenue for Google Cloud but also reflects shifting competitive dynamics in AI infrastructure. Meta AI Chip Deals Reshape Costs As Shares Trade Below Targets
• Neutral Sentiment: Short‑interest data in recent filings are noisy/insignificant (report shows zero/NaN), so there’s no clear short‑squeeze pressure driving today’s move. (Data appears unreliable.)
• Negative Sentiment: Rising investor caution on AI names: several pieces note that Wall Street’s sentiment toward AI stocks cooled in early March, contributing to portfolio trimming and share weakness in high‑multiple tech names including Alphabet. 2 Top Artificial Intelligence Stocks to Buy Right Now
• Negative Sentiment: Capital spending outlook: coverage flagged Alphabet’s potential for materially higher capex (estimates pointing toward a sharp rise, cited as approaching ~$200B in 2025), which could pressure near‑term margins and investor sentiment around free cash flow. Is Alphabet Stock a Buy?

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.