Allen Mooney & Barnes Investment Advisors LLC Sells 36,424 Shares of Alphabet Inc. $GOOGL

Key Points

• Allen Mooney & Barnes Investment Advisors reduced its Alphabet position by 36.9%, selling 36,424 shares and retaining 62,244 shares worth approximately $22.2 million.
• Institutional investors own 40.03% of Alphabet, while insiders own 11.61%; company insiders sold roughly $12.0 million of stock over the past 90 days.
• Alphabet reported stronger-than-expected quarterly results, with $9.11 in EPS and $119.8 billion in revenue. Analysts maintain a consensus “Buy” rating with an average price target of $420.19, despite concerns over AI spending, regulation and free cash flow.

Allen Mooney & Barnes Investment Advisors LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 36.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,244 shares of the information services provider's stock after selling 36,424 shares during the period. Alphabet makes up approximately 3.4% of Allen Mooney & Barnes Investment Advisors LLC's holdings, making the stock its 2nd largest holding. Allen Mooney & Barnes Investment Advisors LLC's holdings in Alphabet were worth $22,244,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GOOGL. Lifetime Wealth Management P.C. acquired a new position in shares of Alphabet during the fourth quarter worth approximately $32,000. EMC Capital Management acquired a new stake in Alphabet in the 4th quarter valued at approximately $33,000. Bard Associates Inc. bought a new stake in Alphabet in the 4th quarter valued at approximately $52,000. Van Den Berg Management I Inc. increased its stake in Alphabet by 319.6% in the 1st quarter. Van Den Berg Management I Inc. now owns 214 shares of the information services provider's stock valued at $61,000 after buying an additional 163 shares during the last quarter. Finally, Graney & King LLC raised its holdings in Alphabet by 38.5% during the second quarter. Graney & King LLC now owns 180 shares of the information services provider's stock worth $64,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Activity

In other news, Director Frances Arnold sold 82 shares of the company's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $337.71, for a total transaction of $27,692.22. Following the completion of the sale, the director directly owned 18,995 shares in the company, 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, CAO Marsida Saraci sold 449 shares of the stock in a transaction 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 sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 450,875 shares of company stock worth $11,984,482. Corporate insiders own 11.61% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Waymo plans to launch a fully autonomous commercial taxi service in Tokyo in 2027 with Japanese partners, following its expansion into Las Vegas. The moves provide a potential long-term growth avenue beyond advertising and cloud computing. Waymo, Japanese partners target driverless taxi service in Tokyo in 2027
• Positive Sentiment: Analysts and market commentary continue to highlight Alphabet’s relatively inexpensive valuation, rapidly expanding Google Cloud backlog and potential for approximately 50% upside if cloud growth and AI monetization continue. A nuclear-power agreement with Fortum could also support the electricity needs of its energy-intensive data centers. Alphabet Has 50% Upside and the Cheapest Multiple of the Big Six
• Neutral Sentiment: OpenAI, Google DeepMind and Anthropic are discussing cooperation on AI safety and standards. Collaboration may reduce catastrophic-risk concerns and support clearer regulation, but it also underscores growing political scrutiny of frontier AI. OpenAI, Google, Anthropic discussing collaboration on AI safety issues
• Negative Sentiment: Proposed Senate legislation could give federal regulators authority to block or impose conditions on powerful AI models. Investors are concerned that such restrictions could delay product launches and affect the value of Alphabet’s large Cloud backlog. Senate’s Proposed AI Kill Switch Could Give Washington Veto Power Over Google’s Frontier Models
• Negative Sentiment: Investors are questioning the impact of heavy AI infrastructure spending on free cash flow. Reports that Alphabet has paused buybacks while its share count rises could reduce near-term shareholder returns and increase pressure on earnings conversion. What Happens To Alphabet Stock If Free Cash Flow Stays Negative?
• Negative Sentiment: Higher crude prices, elevated Treasury yields, expectations for another Federal Reserve rate increase and renewed uncertainty about AI demand pressured technology stocks broadly. Separate commentary also points to search-traffic headwinds and stronger digital-advertising growth at Reddit. Why is Alphabet stock falling today?

Alphabet Stock Down 1.3%

GOOGL stock opened at $344.98 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The stock has a market capitalization of $4.22 trillion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.01 and a beta of 1.22. The business's fifty day moving average price is $345.97 and its two-hundred day moving average price is $344.38. Alphabet Inc. has a fifty-two week low of $235.84 and a fifty-two week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. The company had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, equities analysts anticipate that Alphabet Inc. will post 20.52 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is currently 4.42%.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several analyst reports. Pivotal Research reaffirmed a "buy" rating and set a $475.00 price target (up from $470.00) on shares of Alphabet in a research report on Thursday, July 23rd. Zacks Research cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 11th. Wedbush reaffirmed an "outperform" rating and issued a $445.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. KeyCorp lifted their target price on Alphabet from $425.00 to $445.00 and gave the stock an "overweight" rating in a research note on Friday, July 10th. Finally, Citizens Jmp reissued a "market outperform" rating and set a $515.00 target price on shares of Alphabet in a report on Wednesday, July 22nd. Five research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Alphabet currently has an average rating of "Buy" and a consensus target price of $420.19.

About Alphabet

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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