Alphabet Inc. $GOOGL Shares Sold by Athena Wealth Management LLC

Key Points

• Athena Wealth Management cut its Alphabet position by 64.9% in the third quarter, selling 2,189 shares and retaining 1,186 shares valued at approximately $408,000. Institutional investors collectively own 40.03% of Alphabet.
• Alphabet’s AI strategy remains a major focus, including the enterprise-oriented Gemini Agent and reported development of Gemini 4 Carbon. The company is also planning a roughly $13 billion Nordic AI data-center investment, which could improve access to power but increase capital spending.
• Wall Street remains broadly bullish, with a consensus “Buy” rating and an average price target of $425.72. Alphabet recently exceeded quarterly earnings and revenue expectations, reporting $9.11 in EPS and $119.80 billion in revenue.

Athena Wealth Management LLC lessened its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 64.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,186 shares of the information services provider's stock after selling 2,189 shares during the period. Athena Wealth Management LLC's holdings in Alphabet were worth $408,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in GOOGL. Lifetime Wealth Management P.C. acquired a new stake in Alphabet in the 4th quarter valued at approximately $32,000. EMC Capital Management bought a new position in shares of Alphabet during the 4th quarter worth approximately $33,000. Core Capital Management & Research inc. bought a new position in shares of Alphabet during the 2nd quarter worth approximately $41,000. Premier Financial Group acquired a new stake in shares of Alphabet in the second quarter valued at approximately $45,000. Finally, Bard Associates Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $52,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet unveiled Gemini Agent, an AI system designed to complete multistep tasks across Gmail, Docs, Sheets, Calendar and third-party platforms such as Microsoft 365, Salesforce Slack, Jira and Snowflake. The enterprise focus could support Google Cloud growth and create new Workspace monetization opportunities. Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
• Positive Sentiment: TD Cowen raised its Alphabet price target to $485 while maintaining a Buy rating after the Gemini Agent announcement. Other coverage continues to be broadly bullish, with analysts citing Alphabet’s valuation, advertising business, cloud expansion and AI potential. Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
• Positive Sentiment: Employees are reportedly testing Gemini 4 Carbon, a newer internal model that could improve Alphabet’s competitiveness against OpenAI and Anthropic if it delivers better performance. The report is speculative, but it reinforces expectations for continued AI investment. Google is about to roll out a new AI model
• Positive Sentiment: Alphabet’s reported roughly $13 billion Nordic AI data-center investment highlights access to reliable, lower-cost power and could help address U.S. permitting and grid constraints, though the spending also raises capital-intensity concerns. Google's $13 Billion Nordic Bet

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several analyst reports. Barclays reissued an "overweight" rating and issued a $425.00 target price (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. Cantor Fitzgerald reiterated an "overweight" rating and issued a $420.00 target price (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Truist Financial set a $420.00 price target on Alphabet and gave the stock a "buy" rating in a report on Thursday, July 23rd. Jefferies Financial Group reissued a "buy" rating on shares of Alphabet in a research report on Monday, June 22nd. Finally, Roth Capital restated a "buy" rating and issued a $440.00 price objective (up from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $425.72.

Insider Buying and Selling

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Marsida Saraci sold 449 shares of the company's 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 owned 27,386 shares of the company's stock, valued at $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 441,399 shares of company stock worth $8,677,053. Corporate insiders own 11.61% of the company's stock.

Alphabet Trading Up 1.0%

Shares of GOOGL stock opened at $351.66 on Friday. 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 stock has a market cap of $4.30 trillion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21. The stock has a 50 day simple moving average of $345.90 and a 200 day simple moving average of $349.18. Alphabet Inc. has a 1 year low of $235.84 and a 1 year high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. The firm had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. On average, research analysts predict that Alphabet Inc. will post 20.55 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, September 4th. Alphabet's dividend payout ratio is 4.42%.

About Alphabet

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.

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