49 Wealth Management LLC Sells 6,720 Shares of Alphabet Inc. $GOOG

Key Points

• 49 Wealth Management LLC reduced its Alphabet stake by 81% in the second quarter, selling 6,720 shares and retaining 1,579 shares valued at approximately $558,000.
• Analysts remain broadly optimistic, with Alphabet receiving an average “Buy” rating and a consensus price target of $415.55, despite several firms recently lowering their targets.
• Alphabet reported strong quarterly results, including $119.8 billion in revenue—up 24.2% year over year—and $9.11 in earnings per share, while shares recently opened at $332.03, down 1.0%.

49 Wealth Management LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 81.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,579 shares of the information services provider's stock after selling 6,720 shares during the period. 49 Wealth Management LLC's holdings in Alphabet were worth $558,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Auto Owners Insurance Co increased its stake in Alphabet by 38,409.2% in the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider's stock valued at $5,643,262,000 after acquiring an additional 179,369,280 shares during the last quarter. J. Stern & Co. LLP lifted its stake in Alphabet by 28,482.8% during the fourth quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider's stock worth $35,174,429,000 after purchasing an additional 111,699,704 shares during the last quarter. Norges Bank bought a new stake in Alphabet during the fourth quarter worth about $18,093,665,000. Cardano Risk Management B.V. boosted its holdings in shares of Alphabet by 850.3% in the 4th quarter. Cardano Risk Management B.V. now owns 17,692,600 shares of the information services provider's stock worth $5,551,938,000 after purchasing an additional 15,830,754 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Alphabet by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider's stock worth $132,114,125,000 after purchasing an additional 8,128,234 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GOOG. Wells Fargo & Company decreased their price objective on Alphabet from $418.00 to $411.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Canaccord Genuity Group set a $450.00 target price on Alphabet in a research note on Thursday, July 23rd. DZ Bank upgraded shares of Alphabet to a "strong-buy" rating in a research report on Thursday, July 23rd. UBS Group reaffirmed a "neutral" rating and set a $379.00 price objective (down from $400.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on Alphabet from $460.00 to $420.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Alphabet has an average rating of "Buy" and an average price target of $415.55.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google DeepMind is reportedly preparing to release Gemini 3.8 Flash as early as this week. Internal testing suggests the model narrows Google’s coding-performance gap with OpenAI and Anthropic, potentially improving Alphabet’s position in enterprise AI and software development. New Google AI Model Said to Narrow Gap on Coding Ability
• Positive Sentiment: Alphabet-owned Waymo launched public robotaxi service in Denver, San Diego and Tampa, expanding its commercial operations to 14 U.S. cities. The rollout strengthens Alphabet’s long-term autonomous-driving opportunity as competition with Amazon’s Zoox and Tesla intensifies. Waymo accelerates robotaxi expansion
• Positive Sentiment: Google signed a 396-megawatt geothermal power agreement with Fervo Energy, supporting reliable, carbon-free electricity for data-center growth and its AI infrastructure strategy. Fervo signs geothermal power deal with Google
• Neutral Sentiment: Berkshire Hathaway made Alphabet its third-largest holding after reducing Bank of America exposure. The move provides a high-profile vote of confidence, but commentary questioning whether Alphabet is fully valued limits its immediate impact. Alphabet becomes Berkshire’s third-largest holding
• Negative Sentiment: Investors remain concerned that Meta’s AI advertising products and OpenAI’s rapidly growing ad business could threaten Google Search’s advertising dominance and future ad growth. Competition threatens Google Search advertising
• Negative Sentiment: Alphabet’s planned AI infrastructure spending—reportedly potentially reaching $205 billion this year—is raising concerns about depreciation, free cash flow and operating margins despite strong cloud and AI-driven revenue growth. Big Tech AI spending and depreciation concerns
• Negative Sentiment: EU regulators are examining Google’s proposed AI-search publisher opt-out, while a reported £260 million U.K. app-store settlement underscores continuing antitrust and regulatory exposure. EU regulators examine Google AI-search opt-out

Insider Activity

In related news, Director Frances Arnold sold 82 shares of the company's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $337.71, for a total value of $27,692.22. Following the transaction, the director directly owned 18,995 shares of the company's stock, valued at approximately $6,414,801.45. This represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing 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 stock in a transaction 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 have sold a total of 451,925 shares of company stock worth $12,371,544 over the last 90 days. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Down 1.0%

Shares of Alphabet stock opened at $332.03 on Wednesday. Alphabet Inc. has a 1 year low of $206.96 and a 1 year high of $404.47. The firm has a market cap of $4.06 trillion, a price-to-earnings ratio of 16.68, a PEG ratio of 0.97 and a beta of 1.23. The company has a 50-day moving average of $347.23 and a 200 day moving average of $340.34. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. During the same quarter in the previous year, the firm posted $2.31 earnings per share. Alphabet's quarterly revenue was up 24.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Alphabet Inc. will post 20.5 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company 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. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet's dividend payout ratio (DPR) is currently 4.42%.

About Alphabet

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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