Alphabet Inc. $GOOGL Shares Sold by WealthPLAN Partners LLC

WealthPLAN Partners LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 14.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 13,203 shares of the information services provider’s stock after selling 2,266 shares during the quarter. WealthPLAN Partners LLC’s holdings in Alphabet were worth $3,797,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Lifetime Wealth Management P.C. acquired a new stake in shares of Alphabet during the fourth quarter worth $32,000. EMC Capital Management acquired a new position in Alphabet in the 4th quarter valued at $33,000. PMV Capital Advisers LLC acquired a new position in shares of Alphabet during the fourth quarter worth about $38,000. IFC & Insurance Marketing Inc. purchased a new position in Alphabet during the fourth quarter worth about $38,000. Finally, Bard Associates Inc. purchased a new position in Alphabet during the fourth quarter worth about $52,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Down 4.4%

Shares of GOOGL opened at $354.46 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. Alphabet Inc. has a 1-year low of $180.48 and a 1-year high of $408.61. The stock has a market cap of $4.29 trillion, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24. The firm has a 50 day simple moving average of $369.97 and a 200-day simple moving average of $337.91.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. Equities analysts forecast that Alphabet Inc. will post 14.32 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were given a $0.22 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, June 8th. Alphabet’s dividend payout ratio (DPR) is presently 6.71%.

Analysts Set New Price Targets

GOOGL has been the topic of a number of analyst reports. CICC Research lifted their price target on Alphabet from $388.00 to $407.91 and gave the company an “outperform” rating in a research note on Friday, May 1st. Sanford C. Bernstein reiterated a “market perform” rating and issued a $390.00 price objective (up from $345.00) on shares of Alphabet in a research report on Thursday, April 30th. Wedbush reissued an “outperform” rating on shares of Alphabet in a report on Thursday. Stifel Nicolaus set a $420.00 price objective on shares of Alphabet and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Wolfe Research decreased their price objective on shares of Alphabet from $390.00 to $360.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $413.73.

Insider Activity

In other news, Director Frances Arnold sold 112 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total transaction of $39,343.36. Following the sale, the director owned 18,833 shares in the company, valued at $6,615,656.24. This trade represents a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,415 shares of company stock valued at $7,672,279 in the last 90 days. Insiders own 11.61% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Bank of America said Alphabet could beat second-quarter expectations, citing strength in Google Cloud and a potential boost from its Anthropic stake; the firm raised estimates and kept a bullish view. Alphabet could crush estimates on Cloud strength, Anthropic windfall: BofA
• Positive Sentiment: Multiple analysts reiterated constructive views on Alphabet ahead of earnings, with reports highlighting earnings growth, price strength, and a favorable setup for the upcoming results. Alphabet Set for Solid Quarterly Results on Cloud Strength, BofA Says
• Positive Sentiment: Warren Buffett’s comments that he initiated Berkshire Hathaway’s Alphabet investment added a sentiment boost, reinforcing confidence in the stock’s long-term appeal. Warren Buffett tells CNBC he initiated Berkshire Hathaway’s investment in Alphabet
• Positive Sentiment: Google also unveiled product updates in AI Mode and Google Vids, which support the view that Alphabet is still expanding its AI ecosystem and monetization opportunities. Google’s AI Mode now lets you link and interact with select apps
• Neutral Sentiment: Alphabet remains a major earnings watch name ahead of next week’s report, with investors focused on Cloud growth, Search resilience, and capital spending trends.
• Negative Sentiment: Bloomberg reported that Google’s Gemini 3.5 Pro AI model is months behind schedule and has fallen short of internal coding goals, raising questions about execution in a key AI product area. Google Gemini launch delayed as tech falls short of internal goals, Bloomberg News reports
• Negative Sentiment: The European Union issued new rules requiring Google to share more search data and open Android to rival AI companies, adding to Alphabet’s regulatory overhang in Europe. Google required to open up to AI, search engine rivals under EU-mandated changes
• Negative Sentiment: Law firms also announced a securities fraud investigation tied to the AI delay report, which can increase investor caution and volatility around the stock. Securities Fraud Investigation Into Alphabet Inc. (GOOG) Announced

Alphabet Company 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.