Alphabet Inc. $GOOGL Shares Sold by waypoint wealth counsel

waypoint wealth counsel trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 19.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,916 shares of the information services provider’s stock after selling 1,627 shares during the period. Alphabet accounts for about 1.0% of waypoint wealth counsel’s holdings, making the stock its 13th largest holding. waypoint wealth counsel’s holdings in Alphabet were worth $1,989,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. EMC Capital Management purchased a new stake in shares of Alphabet during the 4th quarter worth approximately $33,000. Lifetime Wealth Management P.C. purchased a new stake in Alphabet in the fourth quarter valued at $32,000. PMV Capital Advisers LLC acquired a new position in Alphabet in the fourth quarter valued at $38,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of Alphabet during the fourth quarter worth about $38,000. Finally, Bard Associates Inc. purchased a new stake in shares of Alphabet in the 4th quarter valued at about $52,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 8,998 shares of the business’s stock in a transaction that occurred 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 directly owned 75,290 shares in the company, valued at $26,298,044.10. This trade represents a 10.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 160,465 shares of company stock valued at $8,020,511 in the last 90 days. 11.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Guggenheim reissued a “buy” rating and issued a $450.00 price objective (up from $375.00) on shares of Alphabet in a report on Thursday, April 30th. Truist Financial set a $430.00 price target on shares of Alphabet and gave the stock a “buy” rating in a research note on Friday, May 29th. President Capital lifted their price objective on shares of Alphabet from $375.00 to $465.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Oppenheimer increased their target price on shares of Alphabet from $425.00 to $445.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, Roth Capital restated a “buy” rating on shares of Alphabet in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $413.54.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Investors are highlighting Alphabet as a top AI stock, with billionaire Jeffrey Talpins reportedly naming it a preferred AI idea, reinforcing confidence in the company’s long-term AI upside. Alphabet Inc. (GOOGL) Is A Top AI Stock To Buy According To Billionaire Jeffrey Talpins
• Positive Sentiment: Google Cloud is being touted as a major growth engine, with commentary suggesting it may be “driving the train” for Alphabet thanks to strong cloud momentum and a large backlog, which supports the bull case for revenue and margin expansion. Is Google Cloud Officially Driving the Train?
• Positive Sentiment: Alphabet was featured as a “final trade” on CNBC, and several bullish pieces point to continued investor interest in the stock after strong gains over the past year. Netflix, Alphabet, Nike And A Consumer Defensive Stock On CNBC’s ‘Final Trades’
• Neutral Sentiment: Articles noting Alphabet’s strong stock performance and asking whether it is too late to buy may keep the stock in focus, but they mainly reflect momentum rather than a new fundamental catalyst. Down Over 10% From Its All-Time High, Is Now the Perfect Time to Buy Alphabet Stock?
• Negative Sentiment: Regulatory pressure remains a drag after Europe’s final €4.1 billion Android antitrust ruling, which adds to legal risk around Alphabet’s mobile and search ecosystem. Alphabet (GOOGL) Faces Final €4.1b Android Antitrust Ruling In Europe
• Negative Sentiment: Privacy-related reporting that Google is expanding AI training using user-uploaded media could raise user trust and regulatory concerns, even if it also supports AI model development. If you use Google, you’re training its AI. Here’s how to opt out.

Alphabet Price Performance

Shares of NASDAQ GOOGL traded up $5.15 during trading on Tuesday, hitting $371.61. 4,065,557 shares of the company were exchanged, compared to its average volume of 32,626,334. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. Alphabet Inc. has a 1 year low of $172.77 and a 1 year high of $408.61. The company has a market cap of $4.50 trillion, a price-to-earnings ratio of 28.34, a PEG ratio of 1.54 and a beta of 1.24. The firm’s fifty day moving average price is $371.05 and its 200 day moving average price is $334.60.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. On average, sell-side analysts expect that Alphabet Inc. will post 14.32 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 8th. Alphabet’s dividend payout ratio is 6.71%.

Alphabet 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.