Alphabet Inc. $GOOGL Stake Cut by Kercheville Advisors LLC

Kercheville Advisors LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 13.9% in the first quarter, HoldingsChannel.com reports. The firm owned 27,047 shares of the information services provider’s stock after selling 4,351 shares during the period. Alphabet accounts for approximately 2.5% of Kercheville Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. Kercheville Advisors LLC’s holdings in Alphabet were worth $7,778,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Keudell Morrison Wealth Management raised its holdings in shares of Alphabet by 2.9% during the first quarter. Keudell Morrison Wealth Management now owns 12,778 shares of the information services provider’s stock worth $3,674,000 after purchasing an additional 366 shares during the period. Weaver Capital Management LLC lifted its position in shares of Alphabet by 1.8% in the 1st quarter. Weaver Capital Management LLC now owns 14,246 shares of the information services provider’s stock worth $4,097,000 after buying an additional 249 shares during the last quarter. Nautilus Advisors LLC boosted its holdings in shares of Alphabet by 0.8% in the 1st quarter. Nautilus Advisors LLC now owns 19,756 shares of the information services provider’s stock valued at $5,681,000 after buying an additional 151 shares during the period. Faithward Advisors LLC boosted its holdings in shares of Alphabet by 9.2% in the 1st quarter. Faithward Advisors LLC now owns 3,810 shares of the information services provider’s stock valued at $1,096,000 after buying an additional 321 shares during the period. Finally, Brave Asset Management Inc. grew its position in shares of Alphabet by 2.8% during the 1st quarter. Brave Asset Management Inc. now owns 12,567 shares of the information services provider’s stock valued at $3,614,000 after buying an additional 345 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Some analysts remain constructive on Alphabet’s growth outlook, pointing to rising advertising revenue and AI-driven ad tools as support for further upside. Alphabet Benefits From Rising Advertising Revenues: More Upside Ahead?
• Positive Sentiment: Reports that Alphabet is joining the Dow were viewed as a sign of prestige and long-term institutional support for the stock. Google Parent Alphabet Is Joining the Dow. Time to Buy?
• Positive Sentiment: Apple is reportedly paying Alphabet about $1 billion a year to use Gemini in Siri, highlighting another monetization path for Google’s AI platform even if the deal is smaller than Google’s search-payment arrangement with Apple. Apple Is Paying Google $1 Billion a Year for AI. Here’s Who the Real Winner Is.
• Neutral Sentiment: Wedbush said the recent sell-off in major AI names looks more like short-term investor impatience than a breakdown in the AI trade, suggesting the broader pullback may be a buying opportunity. Wedbush brushes off tech sell-off as buying chance in multi-year AI bull run
• Neutral Sentiment: Google Finance launched a new app and upgraded portfolio-tracking features, which improve the product offering but are unlikely to move the stock on their own. Google Finance Debuts App and Investment Tracking Capabilities
• Negative Sentiment: Alphabet is facing renewed concern over AI talent departures, including reports of senior researchers leaving for rivals such as Anthropic and OpenAI, which raises questions about execution in Gemini and its broader AI strategy. Alphabet Shares Fall After Report on Further AI Talent Departures
• Negative Sentiment: Google is also drawing criticism for tougher negotiations with publishers over AI content access, potentially worsening relations with media partners already seeing traffic declines from AI search changes. Google looks to bleed publishers with new AI partnerships that would cull their content
• Negative Sentiment: Multiple reports say AI-focused stocks, including Alphabet, are under pressure as investors question whether the “all-in on AI” trade has gone too far in the near term. PLTR, GOOG and MSFT Forecasts – AI Names Struggling at the Moment

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GOOGL. Barclays reiterated a “buy” rating on shares of Alphabet in a research note on Friday, May 29th. Stifel Nicolaus set a $420.00 target price on Alphabet and gave the company a “buy” rating in a report on Thursday, April 30th. HSBC reaffirmed a “buy” rating and set a $420.00 target price (down from $435.00) on shares of Alphabet in a report on Tuesday, June 2nd. Citizens Jmp reissued a “market outperform” rating and issued a $515.00 price target on shares of Alphabet in a report on Wednesday, May 20th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a research report on Monday, June 22nd. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $413.13.

Alphabet Price Performance

NASDAQ GOOGL opened at $337.39 on Monday. Alphabet Inc. has a 52 week low of $171.73 and a 52 week high of $408.61. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock has a market cap of $4.09 trillion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23. The company has a 50-day moving average price of $368.94 and a two-hundred day moving average price of $333.02.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Analysts forecast that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were given a $0.22 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.3%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s payout ratio is 6.71%.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction on Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the sale, the director owned 1,481 shares of the company’s stock, valued at $545,941.03. The trade was a 41.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frances Arnold sold 102 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $381.00, for a total value of $38,862.00. Following the transaction, the director owned 18,721 shares of the company’s stock, valued at $7,132,701. This trade represents a 0.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 151,523 shares of company stock valued at $4,863,526 in the last quarter. 11.61% of the stock is owned by insiders.

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.