Checchi Capital Advisers LLC Sells 5,769 Shares of Alphabet Inc. $GOOGL

Checchi Capital Advisers LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 11.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,334 shares of the information services provider’s stock after selling 5,769 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Alphabet were worth $10,535,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Flynn Zito Capital Management LLC raised its stake in shares of Alphabet by 12.9% in the 3rd quarter. Flynn Zito Capital Management LLC now owns 4,457 shares of the information services provider’s stock valued at $1,084,000 after purchasing an additional 511 shares during the period. Riverpoint Wealth Management Holdings LLC bought a new position in shares of Alphabet during the third quarter worth about $251,000. J.W. Cole Advisors Inc. raised its position in Alphabet by 9.6% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 147,746 shares of the information services provider’s stock valued at $35,917,000 after buying an additional 12,892 shares during the last quarter. Fearless Solutions LLC dba Best Invest lifted its stake in Alphabet by 0.4% in the 3rd quarter. Fearless Solutions LLC dba Best Invest now owns 10,260 shares of the information services provider’s stock valued at $2,494,000 after acquiring an additional 42 shares in the last quarter. Finally, Lokken Investment Group LLC boosted its position in Alphabet by 20.5% during the 3rd quarter. Lokken Investment Group LLC now owns 3,650 shares of the information services provider’s stock worth $887,000 after acquiring an additional 621 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $303.33 on Thursday. The stock has a 50 day simple moving average of $320.40 and a 200 day simple moving average of $277.29. The stock has a market cap of $3.67 trillion, a P/E ratio of 28.06, a PEG ratio of 1.77 and a beta of 1.09. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $349.00. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. Research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio is currently 7.77%.

Analysts Set New Price Targets

GOOGL has been the subject of a number of analyst reports. BNP Paribas Exane assumed coverage on shares of Alphabet in a research report on Monday, November 24th. They issued an “outperform” rating and a $355.00 target price for the company. China Renaissance increased their price objective on shares of Alphabet from $330.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Royal Bank Of Canada lifted their target price on Alphabet from $375.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Jefferies Financial Group increased their price target on Alphabet from $365.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Finally, President Capital raised their price target on Alphabet from $323.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Three investment analysts have rated the stock with a Strong Buy rating, forty-three have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $363.10.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway kept its Alphabet stake while cutting Amazon — a high-profile endorsement of Alphabet’s cloud/AI strategy that investors view as a vote of confidence. Read More.
• Positive Sentiment: Strategic demand signal: India’s Adani Group plans a massive AI data-center investment with Google and others, implying future hyperscaler cloud demand in a large growth market. Read More.
• Positive Sentiment: Product roadmap: Google I/O set for May (expectations for AI glasses and other AI-driven consumer launches) provides a visible catalyst for new product monetization. Read More.
• Positive Sentiment: Operational/ESG tailwind: a long-term geothermal PPA will supply Google’s Nevada operations, supporting data-center resilience and sustainability goals. Read More.
• Neutral Sentiment: Waymo oversight: Waymo defended its use of remote-assistance workers to Congress, which clarifies operations but leaves regulatory attention intact. Read More.
• Neutral Sentiment: Product refresh: Google introduced the $499 Pixel 10a with AI features — positive for device ecosystem but modest near-term revenue impact versus cloud/ads. Read More.
• Neutral Sentiment: Insider activity: Director John Hennessy sold 600 shares (small dollar amount relative to market cap) — noted by the market but not a material red flag. Read More.
• Negative Sentiment: High-profile trimming: Terry Smith (Fundsmith) reportedly cut about half of his Alphabet position — a headline that can create short-term selling pressure or signal rotation. Read More.
• Negative Sentiment: Macro/strategy risk: Analysts and coverage flag near-term pullback due to Alphabet’s elevated AI/compute CapEx and broader megacap rotation; some pieces call the stock in correction territory. Read More.
• Negative Sentiment: Service reliability: a recent YouTube outage (tens of thousands affected) briefly tests trust in Google’s consumer platforms and could draw short-term media attention. Read More.

Insider Buying and Selling

In other Alphabet news, insider John Kent Walker sold 17,829 shares of Alphabet stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $314.89, for a total value of $5,614,173.81. Following the completion of the transaction, the insider directly owned 42,972 shares of the company’s stock, valued at $13,531,453.08. The trade was a 29.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $312.30, for a total value of $867,569.40. Following the sale, the chief accounting officer directly owned 8,962 shares in the company, valued at approximately $2,798,832.60. This trade represents a 23.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,032,408 shares of company stock worth $94,926,707 in the last quarter. Insiders own 11.64% of the company’s stock.

About Alphabet

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.