Cornerstone Wealth Group LLC Has $25.11 Million Stock Holdings in Alphabet Inc. $GOOGL

Cornerstone Wealth Group LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 9.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,322 shares of the information services provider’s stock after selling 9,436 shares during the quarter. Alphabet accounts for approximately 1.6% of Cornerstone Wealth Group LLC’s holdings, making the stock its 11th biggest position. Cornerstone Wealth Group LLC’s holdings in Alphabet were worth $25,110,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Foundry Financial LLC lifted its stake in Alphabet by 29.4% in the 1st quarter. Foundry Financial LLC now owns 2,739 shares of the information services provider’s stock worth $788,000 after acquiring an additional 623 shares in the last quarter. Citrine Capital LLC acquired a new position in Alphabet in the 1st quarter worth about $532,000. Hofer & Associates. Inc raised its stake in shares of Alphabet by 6.6% during the 1st quarter. Hofer & Associates. Inc now owns 1,126 shares of the information services provider’s stock worth $324,000 after purchasing an additional 70 shares in the last quarter. Montgomery Investment Management Inc. raised its stake in shares of Alphabet by 19.4% during the 1st quarter. Montgomery Investment Management Inc. now owns 2,440 shares of the information services provider’s stock worth $702,000 after purchasing an additional 397 shares in the last quarter. Finally, Spectrum Asset Management Inc. NB CA lifted its holdings in shares of Alphabet by 6.7% during the 1st quarter. Spectrum Asset Management Inc. NB CA now owns 5,357 shares of the information services provider’s stock valued at $1,540,000 after buying an additional 336 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Roth Mkm reissued a “buy” rating on shares of Alphabet in a research note on Thursday, April 30th. Loop Capital raised their price objective on shares of Alphabet from $355.00 to $490.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Barclays reiterated a “buy” rating on shares of Alphabet in a research note on Friday, May 29th. Dbs Bank boosted their target price on shares of Alphabet from $400.00 to $460.00 in a research report on Thursday, May 7th. Finally, Oppenheimer increased their price target 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. Two analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $413.54.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Several recent stories highlight Alphabet’s AI and cloud momentum, including Google Cloud traction with enterprise customers like Jack Henry and growing use of Google’s cloud tech by Italy’s Intesa Sanpaolo, which supports the bull case for future growth. Article Title
• Positive Sentiment: Jim Cramer argued that Alphabet still looks cheap, reinforcing a valuation-supportive narrative for GOOGL after its pullback. Article Title
• Positive Sentiment: Wall Street sentiment remains constructive, with Wells Fargo keeping an overweight rating and multiple analysts maintaining buy recommendations, which may help support the stock. Article Title
• Neutral Sentiment: Alphabet’s insider selling by John Kent Walker appears routine and is not, by itself, a major fundamental concern for investors. Article Title
• Neutral Sentiment: Coverage around Alphabet’s growing role in AI-powered shopping, robotaxis, and other ecosystem developments adds to the long-term story, but these are more thesis-supportive than immediate catalysts. Article Title
• Negative Sentiment: The biggest drag is the EU Supreme Court decision upholding Alphabet’s €4.1 billion Android antitrust fine, which reinforces legal and regulatory overhangs for the stock. Article Title
• Negative Sentiment: A separate Swedish court ruling ordered Alphabet to pay nearly $2 billion in a price-comparison dispute, adding to the sense that antitrust and competition risks remain active. Article Title

Insiders Place Their Bets

In related news, insider John Kent Walker sold 8,998 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the transaction, the insider directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction on Friday, June 26th. The stock was sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the transaction, the chief accounting officer owned 27,348 shares in the company, valued at $9,345,358.56. This trade represents a 1.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 160,465 shares of company stock valued at $8,020,511 in the last three months. Company insiders own 11.61% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL stock opened at $359.91 on Friday. The stock’s 50 day simple moving average is $371.05 and its 200 day simple moving average is $334.41. 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 twelve month low of $172.77 and a twelve month high of $408.61. The company has a market capitalization of $4.36 trillion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.54 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.64 by $2.47. The firm had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. As a group, research analysts predict that Alphabet Inc. will post 14.32 EPS for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were given a $0.22 dividend. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, June 8th. Alphabet’s 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.