5,192 Alphabet Inc. $GOOGL Shares Sold by SeaCrest Wealth Management LLC

Key Points

• SeaCrest Wealth Management reduced its Alphabet stake by 3.1%, selling 5,192 shares and retaining 164,565 shares valued at approximately $56.6 million. Alphabet remains the firm’s second-largest holding and represents 6.3% of its portfolio.
• Institutional ownership remains substantial at 40.03%, while analysts maintain a consensus “Buy” rating with an average price target of $425.04, despite some downgrades and neutral ratings.
• Alphabet’s latest quarter missed earnings and revenue estimates, and heavy AI and data-center spending pressured free cash flow. However, Google Cloud growth and expanding AI monetization opportunities remain key positives for the company.

SeaCrest Wealth Management LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,565 shares of the information services provider's stock after selling 5,192 shares during the quarter. Alphabet comprises about 6.3% of SeaCrest Wealth Management LLC's investment portfolio, making the stock its 2nd biggest holding. SeaCrest Wealth Management LLC's holdings in Alphabet were worth $56,624,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GOOGL. State Street Corp increased its holdings in shares of Alphabet by 5.6% during the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock valued at $85,403,303,000 after acquiring an additional 12,718,127 shares in the last quarter. Diamant Asset Management Inc. grew its holdings in Alphabet by 28,950.0% during 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 purchasing an additional 9,259,940 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Alphabet by 90.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider's stock worth $4,900,078,000 after purchasing an additional 8,112,680 shares in the last quarter. Amundi raised its stake in Alphabet by 12.7% during the 1st quarter. Amundi now owns 31,745,979 shares of the information services provider's stock valued at $9,128,850,000 after purchasing an additional 3,574,810 shares during the period. Finally, Jupiter Topco LLC bought a new stake in Alphabet in the 2nd quarter valued at $1,058,385,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen cut shares of Alphabet from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Wedbush restated an "outperform" rating and set a $445.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. UBS Group restated a "neutral" rating and set a $380.00 price objective (up from $379.00) on shares of Alphabet in a research report on Wednesday, October 14th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a report on Thursday, October 15th. Finally, Morgan Stanley set a $400.00 target price on Alphabet and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Alphabet has a consensus rating of "Buy" and an average target price of $425.04.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 83 shares of the company's stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the sale, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.61% of the stock is currently owned by company insiders.

Alphabet Trading Up 1.3%

Shares of GOOGL opened at $324.89 on Thursday. The stock has a market capitalization of $3.97 trillion, a PE ratio of 16.32, a P/E/G ratio of 0.92 and a beta of 1.21. The company's fifty day moving average is $341.50 and its 200 day moving average is $340.66. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet Inc. has a fifty-two week low of $267.67 and a fifty-two week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.90). Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.96 billion. Sell-side analysts expect that Alphabet Inc. will post 20.60 earnings per share for the current fiscal year.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud growth accelerated: Cloud revenue more than doubled, rising 103% year over year and exceeding expectations. The results suggest Alphabet’s investments in AI infrastructure, cloud capacity and custom TPU chips are generating meaningful demand. Google Cloud Revenue Just Grew 103%, so Why Is the Stock Falling?
• Positive Sentiment: AI monetization opportunities are expanding: Google is rolling out AI Search ads internationally, opening its AI experiences to more third-party apps, and reportedly attracting interest from OpenAI for its TPU chips. These developments could diversify Alphabet’s revenue and strengthen its position against Nvidia in AI infrastructure. Google expands AI Search ads globally as core ad growth slows
• Neutral Sentiment: New Gemini 4 Carbon launch: Google introduced a cybersecurity-focused AI model that received positive attention from Elon Musk. The launch supports Alphabet’s long-term AI strategy, but its near-term financial contribution remains uncertain. Google launches Gemini 4 Carbon AI model with cybersecurity focus
• Negative Sentiment: Quarterly results missed estimates: Alphabet reported adjusted earnings of $2.12 per share, below consensus estimates ranging from $2.94 to $3.02. Revenue of $127.6 billion also fell short of expectations near $128.2 billion, while profit declined from the prior year. Alphabet Q3 Earnings and Revenues Miss Estimates
• Negative Sentiment: Cash flow is the main concern: Free cash flow fell as Alphabet spent heavily on data centers, cloud capacity and AI research. Investors are concerned that the rapid expansion may pressure returns and limit buybacks, even as cloud revenue grows quickly. Alphabet's free cash flow sinks further
• Negative Sentiment: Advertising momentum was mixed: YouTube advertising revenue rose 9% to $11.2 billion but missed the $11.43 billion analyst estimate, while broader search-ad growth slowed. South Korea also imposed an app-market fine, adding to regulatory pressure.

Alphabet Company Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.

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