Alphabet Inc. $GOOGL Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC decreased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 715,285 shares of the information services provider’s stock after selling 11,610 shares during the period. Alphabet accounts for 0.8% of Kestra Advisory Services LLC’s investment portfolio, making the stock its 14th largest holding. Kestra Advisory Services LLC’s holdings in Alphabet were worth $205,687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of GOOGL. Granite Investment Partners LLC boosted its position in shares of Alphabet by 1.9% in the 1st quarter. Granite Investment Partners LLC now owns 34,212 shares of the information services provider’s stock valued at $9,838,000 after purchasing an additional 650 shares during the period. Resona Asset Management Co. Ltd. grew its stake in Alphabet by 1.9% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,866,427 shares of the information services provider’s stock worth $531,732,000 after buying an additional 34,208 shares during the last quarter. Griffith & Werner Inc. acquired a new position in Alphabet during the first quarter worth approximately $220,000. Capstone Capital Management Ltd acquired a new position in Alphabet during the first quarter worth approximately $1,023,000. Finally, Austin Asset Management Co Inc lifted its stake in Alphabet by 19.0% in the first quarter. Austin Asset Management Co Inc now owns 4,125 shares of the information services provider’s stock valued at $1,186,000 after buying an additional 659 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Down 2.2%

Shares of Alphabet stock opened at $346.77 on Friday. The company has a market cap of $4.20 trillion, a P/E ratio of 26.45, a PEG ratio of 1.45 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. Alphabet Inc. has a one year low of $183.71 and a one year high of $408.61. The firm has a fifty day moving average of $368.89 and a two-hundred day moving average of $337.97.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.64 by $2.47. The business had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. On average, analysts forecast that Alphabet Inc. will post 14.33 earnings per share for the current year.

Alphabet Increases Dividend

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

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 112 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total transaction of $39,343.36. Following the transaction, the director owned 18,833 shares in the company, valued at approximately $6,615,656.24. The trade was a 0.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $341.72, for a total value of $153,432.28. Following the transaction, the chief accounting officer directly owned 27,348 shares of the company’s stock, valued at approximately $9,345,358.56. This trade represents a 1.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 159,415 shares of company stock worth $7,672,279 in the last three months. Company insiders own 11.61% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the subject of several research analyst reports. Royal Bank Of Canada set a $425.00 price objective on Alphabet and gave the company an “outperform” rating in a report on Thursday, April 30th. Guggenheim reaffirmed a “buy” rating and issued a $450.00 target price (up from $375.00) on shares of Alphabet in a report on Thursday, April 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. Freedom Capital cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a research report on Monday, May 4th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $414.11.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street remains broadly bullish on Alphabet, with multiple reports citing strong cloud growth, AI-driven momentum in Search and YouTube, and price targets still above current trading levels. Article Title
• Positive Sentiment: Analysts say Alphabet could post a strong Q2, helped by Google Cloud strength and the value of its Anthropic stake, which may support upside if earnings beat expectations. Article Title
• Neutral Sentiment: Investors are also positioning for Alphabet’s upcoming earnings report, with options traders expecting a sizable move, indicating that the stock may stay volatile into the release. Article Title
• Negative Sentiment: Bloomberg-reported delays to Gemini 3.5 Pro have sparked fears that Google is lagging in AI, with concerns that the model’s coding performance fell short of internal goals. Article Title
• Negative Sentiment: Alphabet is facing added regulatory pressure after the EU ordered it to open Android and search data to rival AI companies, and a San Francisco order to remove “nudify” apps from app stores adds to the broader legal overhang. Article Title
• Negative Sentiment: Securities-fraud investigation headlines are creating an additional near-term overhang, even though these are still allegations and not a proven finding of wrongdoing. Article Title

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.