Sandro Wealth Management LLC Cuts Stake in Alphabet Inc. $GOOGL

Sandro Wealth Management LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 11.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 22,760 shares of the information services provider’s stock after selling 3,084 shares during the period. Alphabet comprises approximately 5.9% of Sandro Wealth Management LLC’s portfolio, making the stock its largest holding. Sandro Wealth Management LLC’s holdings in Alphabet were worth $8,134,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Prospect Hill Management LLC boosted its holdings in Alphabet by 0.5% during the 2nd quarter. Prospect Hill Management LLC now owns 28,020 shares of the information services provider’s stock valued at $10,014,000 after acquiring an additional 150 shares during the period. Focus Partners Advisor Solutions LLC increased its stake in Alphabet by 2.0% in the second quarter. Focus Partners Advisor Solutions LLC now owns 92,186 shares of the information services provider’s stock worth $32,945,000 after purchasing an additional 1,774 shares during the period. ABN AMRO Bank N.V. increased its stake in Alphabet by 25.1% in the second quarter. ABN AMRO Bank N.V. now owns 754,395 shares of the information services provider’s stock worth $268,703,000 after purchasing an additional 151,530 shares during the period. Kelleher Financial Advisors lifted its position in shares of Alphabet by 110.2% during the second quarter. Kelleher Financial Advisors now owns 39,268 shares of the information services provider’s stock worth $14,033,000 after purchasing an additional 20,588 shares during the last quarter. Finally, Bellars Harris Wealth Management LLC purchased a new stake in shares of Alphabet during the second quarter valued at $7,160,000. 40.03% of the stock is owned by institutional investors.

Alphabet Stock Up 1.7%

NASDAQ:GOOGL opened at $346.59 on Friday. Alphabet Inc. has a 1-year low of $206.20 and a 1-year high of $408.61. The company has a 50-day moving average of $349.62 and a 200 day moving average of $341.74. The firm has a market cap of $4.24 trillion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 0.96 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $6.22. The company had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. As a group, research analysts anticipate that Alphabet Inc. will post 20.5 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s dividend payout ratio is presently 4.42%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GOOGL. Needham & Company LLC restated a “buy” rating and issued a $450.00 price target on shares of Alphabet in a report on Wednesday, June 3rd. DZ Bank upgraded shares of Alphabet to a “strong-buy” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a research report on Monday, May 4th. BMO Capital Markets set a $465.00 target price on shares of Alphabet and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $420.00 target price (down from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Alphabet presently has an average rating of “Buy” and a consensus target price of $420.19.

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Kent Walker sold 8,998 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the sale, the insider owned 75,290 shares of the company’s stock, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 451,843 shares of company stock valued at $12,343,852 in the last ninety days. Company insiders own 11.61% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud and AI remain the main growth drivers. Rising Cloud revenue, AI adoption and a reported $514 billion backlog strengthen Alphabet’s competitive position against Microsoft and Amazon, although capacity constraints could limit near-term execution. Rising Cloud Revenue Strengthens Alphabet Against MSFT & AMZN
• Positive Sentiment: New Gemini and AI Mode features could increase user engagement and monetization. Google is expanding AI Mode to track flight prices and assist with hotel bookings, while reviews of its personal-intelligence tools suggest broader consumer adoption. Employees are also reportedly testing a next-generation Gemini Flash model. Google’s AI Mode can now track flight prices, help book hotels, and more
• Positive Sentiment: Analyst sentiment and technical momentum remain favorable. Brokerages maintain an average “Buy” recommendation, while technical commentary points to support above approximately $340. Alphabet’s valuation, margins and cash generation are viewed as attractive relative to many AI peers. Alphabet Receives Average Recommendation of Buy
• Positive Sentiment: Alphabet’s custom-chip strategy is creating demand for AI infrastructure. Marvell’s large Google-related AI-chip opportunity highlights Alphabet’s willingness to invest in proprietary computing capacity, potentially supporting long-term performance and reducing reliance on outside suppliers. Marvell’s Google AI-chip opportunity
• Neutral Sentiment: Google changed its European spam and site-reputation policy. The adjustment is intended to address European Commission concerns and reduce the risk of an antitrust fine, but it may affect how Google ranks publisher content and reflects ongoing regulatory pressure. Google changes spam policy in EU to avert antitrust fine
• Negative Sentiment: Legal risks continue to weigh on the investment case. Multiple law firms announced securities-fraud investigations, while Google agreed to a $353 million settlement with UK app developers. These announcements do not establish wrongdoing but could create financial and reputational costs. Google agrees to settle UK app developers’ lawsuit
• Negative Sentiment: The FTC is reportedly considering action involving YouTube. The investigation concerns account suspensions and possible consumer-protection violations, adding another regulatory overhang for Alphabet. US FTC probes YouTube over social media policies

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.