1,498 Alphabet Inc. $GOOG Shares Sold by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC reduced its position in Alphabet Inc. (NASDAQ:GOOG) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,937 shares of the information services provider’s stock after selling 1,498 shares during the quarter. Alphabet comprises approximately 1.8% of Greenwich Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding. Greenwich Wealth Management LLC’s holdings in Alphabet were worth $49,797,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. QRG Capital Management Inc. lifted its stake in Alphabet by 9.7% during the 2nd quarter. QRG Capital Management Inc. now owns 861,292 shares of the information services provider’s stock valued at $304,320,000 after acquiring an additional 76,230 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Alphabet by 9.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 219,739 shares of the information services provider’s stock worth $77,640,000 after purchasing an additional 18,588 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Alphabet by 1.9% during the second quarter. Envestnet Asset Management Inc. now owns 6,398,288 shares of the information services provider’s stock valued at $2,260,696,000 after purchasing an additional 121,420 shares during the period. State Street Corp lifted its position in Alphabet by 2.8% during the second quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock valued at $67,458,980,000 after purchasing an additional 5,208,690 shares during the period. Finally, Premier Financial Group purchased a new stake in Alphabet in the second quarter valued at $141,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 82 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $337.71, for a total transaction of $27,692.22. Following the completion of the transaction, the director owned 18,995 shares of the company’s stock, valued at $6,414,801.45. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 441,316 shares of company stock worth $8,648,795. Corporate insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on GOOG shares. Citic Securities lifted their price objective on Alphabet from $430.00 to $434.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Zacks Research cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Truist Financial lowered their price objective on Alphabet from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Piper Sandler raised their price objective on shares of Alphabet from $395.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Freedom Capital raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $419.93.

Alphabet Price Performance

Alphabet stock traded down $3.03 during trading on Tuesday, reaching $336.13. The company had a trading volume of 5,979,014 shares, compared to its average volume of 20,537,109. The firm has a market capitalization of $4.11 trillion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21. The firm’s 50-day simple moving average is $341.54 and its 200 day simple moving average is $344.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet Inc. has a 1-year low of $236.68 and a 1-year high of $404.47.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $116.53 billion. During the same period in the prior year, the business posted $2.31 earnings per share. The firm’s revenue for the quarter was up 24.2% on a year-over-year basis. As a group, equities research analysts anticipate that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, September 4th. Alphabet’s payout ratio is presently 4.42%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts remain constructive on Alphabet’s long-term growth. Piper Sandler raised its price target to $400 and maintained an “overweight” rating, citing potential growth in Google Cloud and TPU-related revenue. Alphabet Price Target Raised
• Positive Sentiment: Google Cloud is expanding rapidly, while Gemini reportedly reaches nearly one billion users. Commentators argue Alphabet has several growth engines and trades at a discount to slower-growing technology rivals. Alphabet Growth Engines Analysis
• Positive Sentiment: Alphabet’s proprietary TPU chips are viewed as a potential competitive advantage in AI infrastructure, with lower costs than Nvidia’s products and possible commercial revenue growth beginning in 2027. Google also continues investing in AI data-center capacity, including a new Texas campus. Alphabet TPU Advantage
• Positive Sentiment: Google’s Gemini AI is being used in the new U.S. government America.gov chatbot, providing a visible commercial and public-sector deployment for Alphabet’s AI platform. America.gov Uses Gemini
• Neutral Sentiment: Alphabet is appealing EU orders requiring Android and Google Search to provide greater access to AI competitors and rival search engines. The company says the requirements could weaken privacy protections and cause irreversible harm, but the appeals leave regulatory uncertainty unresolved. Google Challenges EU Orders
• Negative Sentiment: Investors remain concerned about Alphabet’s European exposure after France proposed using billions of euros in Google fines to reduce EU member-state contributions. The issue reinforces fears of additional penalties and restrictions on Search and Android. France Proposes Using Google Fines
• Negative Sentiment: Memory company Netlist has asked a U.S. trade tribunal to block imports of Micron chips used in AI systems from Google and other companies. Any action could complicate Alphabet’s AI infrastructure supply chain, although the request is not yet an import ban. Netlist Seeks Import Ban

Alphabet Company Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet’s chief executive officer and also leads Google.

Google is Alphabet’s primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.