Alphabet Inc. $GOOGL Position Lowered by Audent Global Asset Management LLC

Key Points

• Audent Global Asset Management cut its Alphabet position by 60.8% in the first quarter, selling 28,553 shares and retaining 18,410 shares valued at approximately $5.3 million. Alphabet remains the fund’s fourth-largest holding and represents about 5.5% of its portfolio.
• Analysts remain broadly bullish, with six Strong Buy and 44 Buy ratings. Alphabet has an average rating of “Buy” and an average price target of $419.86, despite some target-price reductions.
• Alphabet reported stronger-than-expected quarterly results, including $119.8 billion in revenue and $9.11 in EPS, but investors are weighing substantial AI infrastructure spending, regulatory risks and recent insider selling. The company also declared a quarterly dividend of $0.22 per share.

Audent Global Asset Management LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 60.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,410 shares of the information services provider's stock after selling 28,553 shares during the quarter. Alphabet makes up about 5.5% of Audent Global Asset Management LLC's portfolio, making the stock its 4th biggest holding. Audent Global Asset Management LLC's holdings in Alphabet were worth $5,294,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strategic Wealth Advisors LLC increased its holdings in shares of Alphabet by 6.0% during the 1st quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock worth $137,000 after buying an additional 27 shares during the last quarter. Midwest Professional Planners LTD. grew its position in Alphabet by 1.2% in the first quarter. Midwest Professional Planners LTD. now owns 2,364 shares of the information services provider's stock worth $680,000 after acquiring an additional 29 shares during the period. Symmetry Partners LLC grew its position in Alphabet by 0.4% in the fourth quarter. Symmetry Partners LLC now owns 7,912 shares of the information services provider's stock worth $2,476,000 after acquiring an additional 30 shares during the period. Private Wealth Management Group LLC increased its stake in Alphabet by 1.2% during the first quarter. Private Wealth Management Group LLC now owns 2,540 shares of the information services provider's stock worth $730,000 after acquiring an additional 30 shares during the last quarter. Finally, SKY Mountain Capital Management Inc. increased its stake in Alphabet by 1.1% during the first quarter. SKY Mountain Capital Management Inc. now owns 2,791 shares of the information services provider's stock worth $803,000 after acquiring an additional 30 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on GOOGL shares. Piper Sandler restated an "overweight" rating and issued a $395.00 target price (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. DA Davidson set a $350.00 price objective on Alphabet and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Needham & Company LLC restated a "buy" rating and issued a $450.00 price objective on shares of Alphabet in a report on Wednesday, June 3rd. Phillip Securities raised shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday. Finally, Mizuho increased their target price on shares of Alphabet from $420.00 to $460.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 6th. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $419.86.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s second-quarter results showed $119.80 billion in revenue and $112.19 billion in net income, while Google Cloud growth and early AI monetization helped reinforce the long-term investment case. Several analysts remain bullish; Phillip Securities upgraded the stock to “strong buy,” and KeyCorp raised its fiscal 2028 EPS estimate to $17.88 while maintaining an “Overweight” rating and a $445 price target. Alphabet Q2 earnings analysis
• Positive Sentiment: Alphabet continues to attract support from value investors and dip buyers, with reports indicating that prominent investors increased their positions. The company also secured a multiyear agreement to bring Peacock content to YouTube Premium subscribers, potentially strengthening YouTube’s subscription and content ecosystem. Investors increase Alphabet positions
• Neutral Sentiment: The broader technology market is volatile ahead of major Big Tech earnings and the Federal Reserve’s interest-rate decision. That macro uncertainty may be contributing to sharp moves in Alphabet despite its strong fundamentals. Wall Street rebounds ahead of FOMC
• Negative Sentiment: The primary overhang is Alphabet’s plan to spend roughly $195 billion to $205 billion on 2026 capital expenditures, largely for AI infrastructure. Investors are questioning whether the spending will generate adequate returns after Alphabet reportedly posted negative free cash flow for the first time as a public company and paused buybacks under its prior program. A proposed $69.24 billion Class C stock shelf could also raise dilution concerns. Alphabet AI spending and cash concerns
• Negative Sentiment: Alphabet faces additional legal and regulatory risk. European rivals are lining up potential private damages claims after Google lost an initial case under new EU competition rules, while Waymo faces possible federal requirements concerning emergency-response procedures. Major-shareholder sales disclosed in recent SEC filings are a smaller, but potentially negative, sentiment signal. Google faces potential European damages claims

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the transaction, the director owned 1,481 shares in the company, valued at approximately $545,941.03. The trade was a 41.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 8,998 shares of the company's stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the sale, the insider directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 285,049 shares of company stock worth $10,051,351. 11.61% of the stock is owned by company insiders.

Alphabet Price Performance

GOOGL stock opened at $333.71 on Wednesday. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.04 trillion, a PE ratio of 16.76, a P/E/G ratio of 0.95 and a beta of 1.24. Alphabet Inc. has a 12-month low of $187.82 and a 12-month high of $408.61. The business's fifty day moving average price is $360.45 and its 200 day moving average price is $339.07.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. On average, sell-side analysts anticipate that Alphabet Inc. will post 19.79 EPS for the current year.

Alphabet Dividend Announcement

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

Alphabet Company Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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