RKL Wealth Management LLC Sells 9,028 Shares of Alphabet Inc. $GOOGL

RKL Wealth Management LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOGL) by 10.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,268 shares of the information services provider’s stock after selling 9,028 shares during the quarter. Alphabet comprises about 1.6% of RKL Wealth Management LLC’s investment portfolio, making the stock its 15th biggest position. RKL Wealth Management LLC’s holdings in Alphabet were worth $19,270,000 at the end of the most recent reporting period.

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

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is rolling out Agent Designer / AI agents on the Pentagon’s GenAI.mil portal, letting millions of DoD staff build unclassified digital assistants for administrative tasks — a direct path to cloud and services revenue from government contracts. Note the deployment occurs amid legal friction with Anthropic, which adds complexity but not immediate revenue headwinds. Google deepens Pentagon AI push after Anthropic sues Trump administration
• Positive Sentiment: Multiple outlets report Google deploying AI agents to help the Pentagon automate jobs — reinforcing the same revenue/scale thesis for Google Cloud and enterprise AI products. Google Deploys AI Agents to Help Pentagon Automate Jobs
• Positive Sentiment: MarketBeat flags a technical reset: the stock has pulled back toward a $300 support zone and may be forming a higher low — a potential entry for long-term investors if key moving averages are reclaimed. Institutional inflows and bullish analyst targets underpin this view. Alphabet’s Pullback May Be Opening a New Entry Point
• Positive Sentiment: Google and Tesla joined others to launch Utilize, aiming to change grid usage/regulation — a strategic partnership that could open enterprise opportunities for Google’s software and energy-related services. Google and Tesla think we’re managing the electrical grid all wrong
• Positive Sentiment: Wall Street commentary shows renewed target activity and modest upgrades that support upside expectations — helpful for sentiment while the stock digests the pullback. Wall Street analyst updates Google stock price target for next 12 months
• Neutral Sentiment: Short-interest reports in the dataset show anomalous zero/NaN values and 0 days-to-cover — appears to be data/reporting noise rather than a market signal. (No external link available.)
• Neutral Sentiment: Media pieces weigh whether GOOGL’s current level is a breakout or a value trap and sketch buy strategies around lower prices — useful for positioning but not immediate catalysts. GOOGL Stock At $300: Is This A Breakout Or A Value Trap?
• Negative Sentiment: Reports highlight Sundar Pichai’s $692M compensation package tied to long-shot projects that aren’t currently revenue-generating — a governance/expense concern that can weigh on sentiment. Alphabet CEO Sundar Pichai’s new $692 million compensation package hinges on two moonshots
• Negative Sentiment: Insider selling: CEO disclosed roughly $9.86M in stock sales — a modest negative signal for investor optics (typical for executives exercising/monetizing holdings but worth monitoring). Insider Selling: Alphabet CEO Sells Stock
• Negative Sentiment: Competitive risk: coverage noting Microsoft’s dual-model AI strategy and Azure momentum underscores tougher competition for cloud/AI workloads — a sector-level headwind for GOOGL’s cloud positioning. Microsoft Positioned to Win AI Race With Dual-Model Strategy

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. President Capital boosted their price target on shares of Alphabet from $323.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Loop Capital increased their price objective on shares of Alphabet from $320.00 to $355.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. The Goldman Sachs Group reissued a “buy” rating and issued a $375.00 price objective (up from $330.00) on shares of Alphabet in a research note on Tuesday, January 13th. Mizuho boosted their target price on shares of Alphabet from $400.00 to $410.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $370.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Three investment analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $367.18.

Alphabet Trading Up 0.2%

GOOGL stock opened at $307.04 on Wednesday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $349.00. The stock has a market capitalization of $3.71 trillion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 1.79 and a beta of 1.10. The firm’s fifty day simple moving average is $319.65 and its two-hundred day simple moving average is $288.33.

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

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. Alphabet’s dividend payout ratio is 7.77%.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 600 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $306.73, for a total transaction of $184,038.00. Following the completion of the transaction, the director owned 20,624 shares in the company, valued at $6,325,999.52. The trade was a 2.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 955 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total value of $284,590.00. Following the transaction, the chief accounting officer directly owned 9,918 shares in the company, valued at approximately $2,955,564. This represents a 8.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,112,493 shares of company stock valued at $118,605,094 over the last quarter. Corporate insiders own 11.55% of the company’s stock.

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.