Alphabet Inc. $GOOG Shares Sold by Welch Capital Partners LLC NY

Key Points

• Welch Capital Partners trimmed its Alphabet stake by 17.6% in the first quarter, selling 19,492 shares and leaving it with 91,102 shares valued at about $26.1 million.
• Alphabet reported a strong quarter, with EPS of $9.11 versus estimates of $2.87 and revenue of $119.8 billion, up 24.2% year over year.
• The company also announced a quarterly dividend of $0.22 per share, while analysts remain broadly bullish with an average rating of “Buy” and an average price target of $410.09.

Welch Capital Partners LLC NY lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 17.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,102 shares of the information services provider's stock after selling 19,492 shares during the quarter. Alphabet comprises about 5.9% of Welch Capital Partners LLC NY's holdings, making the stock its 3rd largest position. Welch Capital Partners LLC NY's holdings in Alphabet were worth $26,134,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Imprint Wealth LLC purchased a new position in shares of Alphabet in the 3rd quarter valued at approximately $31,000. Nvest Wealth Strategies Inc. purchased a new stake in shares of Alphabet during the fourth quarter worth approximately $38,000. Lifetime Wealth Management P.C. acquired a new stake in shares of Alphabet during the fourth quarter worth $38,000. Bard Associates Inc. acquired a new stake in shares of Alphabet during the fourth quarter worth $41,000. Finally, Towne Trust Company N.A grew its position in Alphabet by 34.0% in the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock valued at $42,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet Price Performance

Alphabet stock opened at $318.34 on Friday. Alphabet Inc. has a one year low of $188.70 and a one year high of $404.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The business has a fifty day moving average of $362.11 and a two-hundred day moving average of $337.51. The company has a market cap of $3.86 trillion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 57.20%. The business had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $116.53 billion. During the same period in the prior year, the company posted $2.31 EPS. The business's revenue for the quarter was up 24.2% on a year-over-year basis. As a group, analysts predict that Alphabet Inc. will post 14.34 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet's payout ratio is currently 6.71%.

Analyst Ratings Changes

A number of equities analysts have commented on GOOG shares. Truist Financial cut their price objective on shares of Alphabet from $430.00 to $420.00 and set a "buy" rating for the company in a research report on Thursday. Royal Bank Of Canada reaffirmed a "buy" rating and issued a $475.00 target price on shares of Alphabet in a report on Thursday. Freedom Capital lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. Rosenblatt Securities set a $393.00 price target on shares of Alphabet in a report on Thursday. Finally, Stifel Nicolaus set a $420.00 price objective on shares of Alphabet in a research report on Wednesday, May 20th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Alphabet has an average rating of "Buy" and an average price target of $410.09.

Insider Activity

In other news, Director Frances Arnold sold 112 shares of the business's stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total transaction of $39,343.36. Following the sale, the director owned 18,833 shares of the company's stock, valued at $6,615,656.24. The trade was a 0.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The SEC filing for this sale provides additional information. Insiders have sold 159,415 shares of company stock valued at $7,672,279 in the last quarter. Insiders own 12.99% of the company's stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet posted blockbuster Q2 results, with revenue up 24% to $119.8 billion and EPS of $9.11, while Google Cloud revenue jumped 82% year over year and YouTube ad revenue also remained strong.
• Positive Sentiment: Management and analysts said AI demand is still outpacing capacity, suggesting Alphabet’s spending is supporting long-term growth rather than just driving costs.
• Positive Sentiment: Several Wall Street firms kept bullish ratings or raised targets, saying the pullback may be creating an attractive entry point despite near-term volatility.
• Positive Sentiment: Alphabet disclosed a large stake in SpaceX, which some investors view as an additional valuable asset on the balance sheet.
• Neutral Sentiment: Alphabet announced a quarterly dividend of $0.22 per share, a modest capital-return move that is unlikely to be a major near-term driver given the stock’s much larger AI investment story.
• Neutral Sentiment: Several funds and institutions disclosed portfolio changes in GOOG, with some adding shares and others trimming, reflecting mixed but ongoing institutional interest.
• Neutral Sentiment: Google also rolled out small product updates such as selfie-video sign-in and easier iPhone-to-Android switching, which are positive for engagement but not material stock catalysts.
• Negative Sentiment: Investors are worried about Alphabet’s sharply higher capital spending guidance for 2026 and a first-ever quarterly negative free cash flow reading, raising concerns that AI investments may take longer to pay off.
• Negative Sentiment: Alphabet ended its long-running quarterly buyback pattern, which removes a steady source of support for the shares.
• Negative Sentiment: The company also faces fresh regulatory and legal pressure, including an about $1 billion EU antitrust fine and multiple securities-fraud investigations.
• Negative Sentiment: Reports of declining Google search traffic from AI overviews and concerns about publisher partnerships add another overhang to the core search business.

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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