Alphabet Inc. $GOOGL Stock Holdings Trimmed by Clarity Wealth Advisors LLC

Clarity Wealth Advisors LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.0% during the 1st quarter, HoldingsChannel reports. The firm owned 53,091 shares of the information services provider’s stock after selling 1,648 shares during the quarter. Alphabet comprises 3.1% of Clarity Wealth Advisors LLC’s investment portfolio, making the stock its 10th biggest position. Clarity Wealth Advisors LLC’s holdings in Alphabet were worth $15,267,000 as of its most recent SEC filing.

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

Alphabet Stock Down 0.5%

Shares of GOOGL opened at $357.18 on Friday. The company’s 50-day moving average price is $372.61 and its 200 day moving average price is $336.44. Alphabet Inc. has a 12-month low of $176.48 and a 12-month high of $408.61. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.33 trillion, a P/E ratio of 27.24, a price-to-earnings-growth ratio of 1.53 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last announced 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. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. On average, sell-side analysts forecast that Alphabet Inc. will post 14.32 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were issued a $0.22 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is currently 6.71%.

Analyst Ratings Changes

GOOGL has been the subject of several recent analyst reports. Wolfe Research cut their price objective on shares of Alphabet from $390.00 to $360.00 and set an “outperform” rating for the company in a research report on Friday, April 10th. President Capital boosted their target price on shares of Alphabet from $375.00 to $465.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Mizuho increased their price target on shares of Alphabet from $420.00 to $460.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Robert W. Baird raised their price target on shares of Alphabet from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $390.00 price target (up from $345.00) on shares of Alphabet in a research report on Thursday, April 30th. Two 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $413.92.

Insider Activity

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 value of $39,343.36. Following the sale, the director owned 18,833 shares of the company’s stock, valued at $6,615,656.24. The trade was a 0.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Kent Walker sold 8,998 shares of the company’s stock in a transaction 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 transaction, the insider owned 75,290 shares in the company, valued at $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 160,465 shares of company stock worth $8,020,511 in the last three months. 11.61% of the stock is currently owned by corporate insiders.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: KeyCorp raised its price target on Alphabet to $445 from $425 and kept an overweight rating, reinforcing the view that the stock still has meaningful upside from current levels.
• Positive Sentiment: Multiple upbeat articles highlighted Alphabet as a leading AI and cloud beneficiary, with commentary pointing to strong distribution through Search, Android, YouTube, Google Cloud, and chips as reasons it could monetize AI better than peers.
• Positive Sentiment: New coverage argued Alphabet looks undervalued after a big run over the past year, while other pieces said the company remains one of the most attractive megacap tech names on a risk/reward basis.
• Positive Sentiment: Zacks and other market commentators continued to include GOOGL among cloud and internet stocks positioned to benefit from AI-driven data center spending and digital demand growth.
• Positive Sentiment: Business and tech commentary also pointed to product and platform strengths, including Google Search setting records during the World Cup and Waymo planning more driverless-car expansion, which support the long-term growth narrative.
• Neutral Sentiment: Alphabet said it will begin disclosing which ads are generated with AI, a transparency move that may help trust and compliance but is unlikely to materially change near-term earnings.
• Neutral Sentiment: Britain moved to regulate Google as a critical cloud supplier to protect financial stability; the change adds oversight, but it also underscores the importance of Google Cloud rather than signaling a fundamental business setback.
• Neutral Sentiment: Reuters reported that Google is appealing an Indian ads-related trademark ruling, a legal issue that could create some noise but does not yet appear to be a major stock-moving event.
• Neutral Sentiment: Recent short-interest data was effectively flat at zero shares reported, offering little actionable signal for traders.
• Negative Sentiment: One Reuters-linked report said Google and OpenAI provided AI services to Singapore-based subsidiaries of Chinese groups on the Pentagon blacklist, which could raise regulatory scrutiny and geopolitical concerns.
• Negative Sentiment: Technical commentary noted Alphabet is testing a key resistance zone after a recovery, suggesting the stock may need a fresh catalyst to extend its move higher.

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.