Elite Wealth Management Inc. Has $3.52 Million Stock Position in Alphabet Inc. $GOOG

Elite Wealth Management Inc. reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 20.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,259 shares of the information services provider’s stock after selling 3,184 shares during the quarter. Alphabet comprises 1.1% of Elite Wealth Management Inc.’s holdings, making the stock its 20th biggest position. Elite Wealth Management Inc.’s holdings in Alphabet were worth $3,517,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GOOG. Empowered Funds LLC raised its stake in shares of Alphabet by 22.6% during the first quarter. Empowered Funds LLC now owns 420,149 shares of the information services provider’s stock worth $120,524,000 after buying an additional 77,536 shares during the last quarter. Evelyn Partners Investment Management Services Ltd boosted its stake in Alphabet by 1.5% in the first quarter. Evelyn Partners Investment Management Services Ltd now owns 5,307 shares of the information services provider’s stock valued at $1,522,000 after acquiring an additional 80 shares during the last quarter. Torno Capital LLC acquired a new stake in Alphabet during the 1st quarter worth $71,715,000. Mittelman Wealth Management acquired a new stake in Alphabet during the 1st quarter worth $417,000. Finally, Glen Eagle Advisors LLC grew its holdings in Alphabet by 26.4% during the 1st quarter. Glen Eagle Advisors LLC now owns 9,259 shares of the information services provider’s stock worth $2,656,000 after acquiring an additional 1,933 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Up 1.8%

Shares of Alphabet stock opened at $332.60 on Wednesday. The company has a market capitalization of $4.03 trillion, a P/E ratio of 16.71, a price-to-earnings-growth ratio of 0.95 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The business has a 50-day moving average of $358.25 and a two-hundred day moving average of $337.68. Alphabet Inc. has a 1 year low of $188.70 and a 1 year high of $404.47.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating the consensus estimate of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The business had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $116.53 billion. During the same quarter in the previous year, the business posted $2.31 EPS. Alphabet’s revenue for the quarter was up 24.2% on a year-over-year basis. As a group, equities analysts predict that Alphabet Inc. will post 19.79 EPS for the current year.

Alphabet Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GOOG. Barclays reissued an “overweight” rating and issued a $425.00 price target (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a report on Friday, July 17th. Morgan Stanley cut their target price on Alphabet from $415.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Freedom Capital upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $475.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. Seven research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $410.09.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Strong fundamentals are supporting the rebound. Alphabet’s latest quarter featured 24.2% revenue growth, an EPS beat, and an 82% year-over-year increase in Google Cloud revenue. Analysts and investors argue that AI adoption, Search resilience, YouTube growth, and improving cloud profitability can eventually justify the company’s large infrastructure investments. Alphabet: Buy The Capex-Caused Decline
• Positive Sentiment: Analyst and institutional backing remains constructive. Phillip Securities upgraded Alphabet to “strong buy,” while KeyCorp modestly raised its FY2028 EPS estimate. Asset Management One also added approximately 117,000 GOOGL shares, signaling continued institutional confidence despite recent volatility. Alphabet upgrade
• Positive Sentiment: YouTube expanded its monetization ecosystem. A multiyear agreement will bring Peacock content, including sports and entertainment programming, to YouTube Premium subscribers in the United States, potentially strengthening engagement and subscription value. YouTube and Peacock deal
• Neutral Sentiment: AI remains both the growth engine and the central debate. More than 1,100 technology employees urged governments to establish stronger AI-safety rules. The issue could increase compliance costs, but coordinated regulation may also benefit large, well-funded platforms such as Google over smaller competitors. AI safety plan
• Negative Sentiment: Capital-spending concerns continue to cap enthusiasm. Alphabet’s roughly $195 billion–$205 billion 2026 capex forecast has pushed free cash flow negative and raised questions about returns on AI infrastructure. Investors are looking for evidence that Cloud growth and AI monetization will outpace the spending burden.
• Negative Sentiment: European legal risks are escalating. Following a $1 billion Digital Markets Act fine, rivals could pursue as much as $10 billion in private damages claims, creating potential financial and operational pressure on Google’s European business. Google European damages claims

Insider Activity at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of the stock in a transaction on Friday, June 26th. The shares were sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the sale, the chief accounting officer owned 27,348 shares of the company’s stock, valued at $9,345,358.56. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 285,049 shares of company stock worth $10,051,351 over the last ninety days. 12.99% of the stock is owned by corporate insiders.

Alphabet Company 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.