49 Wealth Management LLC Cuts Stock Position in Alphabet Inc. $GOOGL

49 Wealth Management LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 76.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,089 shares of the information services provider's stock after selling 10,017 shares during the quarter. 49 Wealth Management LLC's holdings in Alphabet were worth $1,104,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Alphabet during the fourth quarter worth approximately $30,534,239,000. Cardano Risk Management B.V. lifted its position in shares of Alphabet by 855.3% during the 4th quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider's stock worth $4,546,413,000 after purchasing an additional 13,004,828 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Alphabet by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock worth $165,567,398,000 after purchasing an additional 12,531,695 shares in the last quarter. Capital World Investors increased its holdings in Alphabet by 28.0% in the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock valued at $12,910,542,000 after buying an additional 11,605,785 shares during the last quarter. Finally, Diamant Asset Management Inc. raised its stake in Alphabet by 28,950.0% in the first quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider's stock valued at $2,671,986,000 after buying an additional 9,259,940 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google announced plans to invest at least €13 billion (about $15 billion) in AI infrastructure and data centers in Finland over the next two years. The investment should expand capacity for Gemini, Search, Maps and YouTube while positioning Finland as a strategic, cooler-cost data-center hub. Google to invest $15 billion AI infrastructure in Finland
• Positive Sentiment: Alphabet agreed to purchase a large share of a Finnish nuclear plant’s output through 2049. The long-term contract could make electricity costs more predictable and strengthen Google’s ability to power energy-intensive AI operations. Google nuclear power agreement
• Positive Sentiment: Accenture and Google Cloud are creating a group with 1,000 engineers to help customers deploy AI agents. The arrangement could accelerate enterprise adoption of Google Cloud and support future cloud revenue growth. Accenture and Google AI partnership
• Positive Sentiment: Analysts and market commentary remain constructive on Alphabet’s AI, cloud and quantum-computing exposure. Recent coverage also points to strong prior earnings and valuation support after the stock pulled back from its highs. Hyperscalers bet on AI and quantum
• Neutral Sentiment: Google introduced an easier Android password-manager migration process and agreed to buy one million rice-methane carbon credits from India’s Mitti Labs. These moves may support ecosystem engagement and sustainability goals but are unlikely to materially affect near-term financial results. Google Android password manager update
• Negative Sentiment: Investors remain concerned that heavy AI infrastructure spending will pressure free cash flow and returns on invested capital, despite strong Google Cloud growth. Alphabet ROIC and AI capital spending
• Negative Sentiment: Meta’s new paid AI agent, Muse, raised concerns that autonomous agents could bypass traditional search pages and reduce search advertising opportunities. Cathie Wood’s ARK Invest also reduced its Alphabet position while buying Meta shares, adding a negative sentiment signal. Meta Muse AI agent and Alphabet shares
• Negative Sentiment: Finnish opposition parties warned that Google’s expansion could strain local power supplies and raise energy prices, creating potential permitting and execution risks for the planned data-center buildout. Finland power-supply concerns

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 451,925 shares of company stock valued at $12,371,544 in the last ninety days. Insiders own 11.61% of the company's stock.

Alphabet Trading Up 0.6%

Shares of Alphabet stock opened at $332.60 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The company has a market capitalization of $4.07 trillion, a P/E ratio of 16.71, a PEG ratio of 0.96 and a beta of 1.22. Alphabet Inc. has a 1 year low of $235.84 and a 1 year high of $408.61. The company's fifty day moving average is $347.18 and its two-hundred day moving average is $343.69.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. Analysts forecast that Alphabet Inc. will post 20.5 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio is currently 4.42%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Arete Research upped their price objective on Alphabet from $405.00 to $425.00 and gave the stock a "buy" rating in a research report on Monday, May 18th. Pivotal Research restated a "buy" rating and set a $475.00 target price (up from $470.00) on shares of Alphabet in a research note on Thursday, July 23rd. Wells Fargo & Company set a $411.00 price target on shares of Alphabet and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Piper Sandler restated an "overweight" rating and set a $395.00 price objective (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Truist Financial set a $420.00 target price on shares of Alphabet and gave the company a "buy" rating in a report on Thursday, July 23rd. Five analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $420.19.

Alphabet Profile

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet's largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.

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