Alphabet Inc. $GOOGL Stock Holdings Lowered by BCS Wealth Management

BCS Wealth Management cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 50.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 5,629 shares of the information services provider’s stock after selling 5,695 shares during the quarter. BCS Wealth Management’s holdings in Alphabet were worth $1,619,000 at the end of the most recent reporting period.

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

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Some analysts remain constructive on Alphabet’s growth outlook, pointing to rising advertising revenue and AI-driven ad tools as support for further upside. Alphabet Benefits From Rising Advertising Revenues: More Upside Ahead?
• Positive Sentiment: Reports that Alphabet is joining the Dow were viewed as a sign of prestige and long-term institutional support for the stock. Google Parent Alphabet Is Joining the Dow. Time to Buy?
• Positive Sentiment: Apple is reportedly paying Alphabet about $1 billion a year to use Gemini in Siri, highlighting another monetization path for Google’s AI platform even if the deal is smaller than Google’s search-payment arrangement with Apple. Apple Is Paying Google $1 Billion a Year for AI. Here’s Who the Real Winner Is.
• Neutral Sentiment: Wedbush said the recent sell-off in major AI names looks more like short-term investor impatience than a breakdown in the AI trade, suggesting the broader pullback may be a buying opportunity. Wedbush brushes off tech sell-off as buying chance in multi-year AI bull run
• Neutral Sentiment: Google Finance launched a new app and upgraded portfolio-tracking features, which improve the product offering but are unlikely to move the stock on their own. Google Finance Debuts App and Investment Tracking Capabilities
• Negative Sentiment: Alphabet is facing renewed concern over AI talent departures, including reports of senior researchers leaving for rivals such as Anthropic and OpenAI, which raises questions about execution in Gemini and its broader AI strategy. Alphabet Shares Fall After Report on Further AI Talent Departures
• Negative Sentiment: Google is also drawing criticism for tougher negotiations with publishers over AI content access, potentially worsening relations with media partners already seeing traffic declines from AI search changes. Google looks to bleed publishers with new AI partnerships that would cull their content
• Negative Sentiment: Multiple reports say AI-focused stocks, including Alphabet, are under pressure as investors question whether the “all-in on AI” trade has gone too far in the near term. PLTR, GOOG and MSFT Forecasts – AI Names Struggling at the Moment

Alphabet Stock Performance

Shares of GOOGL opened at $337.39 on Monday. The stock has a fifty day moving average price of $368.94 and a two-hundred day moving average price of $333.02. The company has a market cap of $4.09 trillion, a price-to-earnings ratio of 25.74, a PEG ratio of 1.44 and a beta of 1.23. 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 52-week low of $171.73 and a 52-week high of $408.61.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.64 by $2.47. The business had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Analysts predict that Alphabet Inc. will post 14.3 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a $0.22 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, June 8th. Alphabet’s dividend payout ratio is currently 6.71%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $450.00 target price on shares of Alphabet in a report on Wednesday, June 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research note on Monday, April 20th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $390.00 target price (up from $345.00) on shares of Alphabet in a research report on Thursday, April 30th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a research report on Monday, May 4th. Finally, Arete Research boosted their target price on shares of Alphabet from $405.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Two 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 MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $413.13.

Insider Buying and Selling

In related news, Director Frances Arnold sold 102 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $381.00, for a total value of $38,862.00. Following the completion of the sale, the director owned 18,721 shares in the company, valued at $7,132,701. This represents a 0.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 151,523 shares of company stock worth $4,863,526. Company insiders own 11.61% 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.