Rockport Wealth LLC Sells 2,111 Shares of Alphabet Inc. $GOOG

Rockport Wealth LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 59.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,438 shares of the information services provider’s stock after selling 2,111 shares during the quarter. Rockport Wealth LLC’s holdings in Alphabet were worth $350,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BWM Planning LLC purchased a new position in shares of Alphabet during the 3rd quarter valued at $275,000. PFG Investments LLC lifted its position in shares of Alphabet by 2.2% in the third quarter. PFG Investments LLC now owns 62,201 shares of the information services provider’s stock valued at $15,149,000 after acquiring an additional 1,338 shares in the last quarter. Kennicott Capital Management LLC bought a new position in shares of Alphabet in the third quarter worth about $234,000. Symphony Financial Ltd. Co. grew its position in shares of Alphabet by 2.7% during the third quarter. Symphony Financial Ltd. Co. now owns 31,956 shares of the information services provider’s stock worth $7,741,000 after purchasing an additional 847 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its stake in Alphabet by 1.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 116,597 shares of the information services provider’s stock valued at $28,397,000 after purchasing an additional 1,259 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Performance

Alphabet stock opened at $338.53 on Friday. The company’s 50-day moving average price is $320.91 and its 200-day moving average price is $266.24. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The company has a market cap of $4.09 trillion, a PE ratio of 33.39, a price-to-earnings-growth ratio of 1.86 and a beta of 1.09. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $342.29.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 30th. The information services provider reported $2.87 EPS for the quarter, topping the consensus estimate of $2.29 by $0.58. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The company had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. During the same quarter last year, the business posted $2.12 earnings per share. The firm’s revenue was up 15.9% on a year-over-year basis. On average, equities research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were issued a $0.21 dividend. The ex-dividend date was Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet’s payout ratio is 8.28%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. BNP Paribas Exane started coverage on Alphabet in a research note on Monday, November 24th. They issued an “outperform” rating for the company. DA Davidson set a $300.00 target price on shares of Alphabet in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a report on Wednesday, January 21st. BMO Capital Markets reissued an “outperform” rating and set a $340.00 price objective on shares of Alphabet in a report on Thursday, October 30th. Finally, Loop Capital upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Eight research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $330.83.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $299.80, for a total transaction of $9,743,500.00. Following the sale, the chief executive officer owned 2,239,619 shares in the company, valued at approximately $671,437,776.20. This represents a 1.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 17,829 shares of Alphabet stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $314.89, for a total transaction of $5,614,173.81. Following the transaction, the insider directly owned 42,972 shares of the company’s stock, valued at $13,531,453.08. The trade was a 29.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 2,070,485 shares of company stock worth $104,428,169. 12.99% of the stock is owned by company insiders.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google’s new Project Genie AI model — which can turn short prompts into fully rendered, playable 3D worlds and characters — is being viewed as a strategic win for Alphabet’s AI leadership and platform reach; the announcement spooked game developers but signals a new product avenue for Google that could expand ads, cloud consumption and developer tools. Videogame stocks slide on Google’s AI model that turns prompts into playable worlds
• Positive Sentiment: An analyst note expects Alphabet to beat Q4 revenue and EPS as AI lifts ads and cloud demand — a direct fundamental rationale for upside to near-term earnings and investor estimates. Alphabet Could Power Past Forecasts As AI Lifts Ads, Cloud: Analyst
• Positive Sentiment: Large institutional buying: Vanguard reportedly added material GOOGL exposure in its latest filing, which supports demand for the shares from big passive/active holders. Fund Update: VANGUARD GROUP INC Just Disclosed New Holdings
• Positive Sentiment: Google disrupted a major residential proxy network used by bad actors, a security move that reduces abuse risk across its ecosystem and is a modest reputational/operational positive. Google disrupts large residential proxy network, reducing devices used by operators by ‘millions’
• Neutral Sentiment: Wall Street is focused on Q4 guidance and key metric estimates ahead of earnings; expectations and guidance will likely drive short-term moves more than some headlines. Ahead of Alphabet (GOOGL) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics
• Neutral Sentiment: Profile/endorsement notes: coverage pieces and fund letters (e.g., Giverny Capital mention, Tim Cook comments on partnership) keep sentiment visible but are unlikely to move the tape materially on their own. Alphabet (GOOG) Contributed 4.7% to Giverny Capital Asset Management’s 2025 Growth
• Negative Sentiment: A former Google engineer was convicted of stealing AI trade secrets and uploading internal materials to personal cloud accounts — a legal/security headwind that raises concerns about IP protection and could prompt tighter controls and scrutiny. Former Google engineer found guilty of espionage and theft of AI tech
• Negative Sentiment: Waymo involvement in a pedestrian incident has triggered an NHTSA probe; regulatory/safety risks around Waymo’s rollout remain a potential liability and source of short-term volatility for Alphabet. A Waymo hit a child near an elementary school. The NHTSA is investigating

Alphabet Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.