Alphabet Inc. $GOOGL Shares Sold by Bartlett & CO. Wealth Management LLC

Key Points

• Bartlett & CO. Wealth Management reduced its Alphabet stake by 4.1%, selling 17,364 shares and retaining 403,125 shares valued at approximately $115.9 million. Institutional investors collectively own 40.03% of the company.
• Alphabet reported strong quarterly results, with $119.8 billion in revenue and $9.11 in earnings per share, exceeding analyst expectations. Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $419.86.
• Investors face potential concerns from Alphabet’s planned $195 billion–$205 billion in 2026 capital expenditures for AI infrastructure, alongside regulatory risks and recent insider and major-shareholder selling.

Bartlett & CO. Wealth Management LLC cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 403,125 shares of the information services provider's stock after selling 17,364 shares during the quarter. Alphabet comprises 1.5% of Bartlett & CO. Wealth Management LLC's investment portfolio, making the stock its 16th biggest position. Bartlett & CO. Wealth Management LLC's holdings in Alphabet were worth $115,923,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Lifetime Wealth Management P.C. acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $32,000. EMC Capital Management acquired a new position in Alphabet during the fourth quarter worth $33,000. IFC & Insurance Marketing Inc. purchased a new stake in Alphabet in the 4th quarter valued at $38,000. Bard Associates Inc. purchased a new stake in Alphabet in the 4th quarter valued at $52,000. Finally, Kentucky Trust Co increased its stake in shares of Alphabet by 142.9% in the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Trading Up 2.2%

GOOGL opened at $333.71 on Wednesday. The firm has a market cap of $4.04 trillion, a P/E ratio of 16.76, a P/E/G ratio of 0.95 and a beta of 1.24. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $360.45 and a 200-day simple moving average of $339.07. Alphabet Inc. has a 52 week low of $187.82 and a 52 week 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 earnings per share for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. On average, equities analysts expect that Alphabet Inc. will post 19.79 earnings per share for the current year.

Alphabet Dividend Announcement

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

Alphabet News Roundup

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

Insiders Place Their Bets

In related news, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $341.72, for a total value of $153,432.28. Following the completion of the sale, the chief accounting officer owned 27,348 shares in the company, valued at $9,345,358.56. This trade represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the transaction, the director owned 1,481 shares of the company's stock, valued at approximately $545,941.03. The trade was a 41.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 285,049 shares of company stock valued at $10,051,351. Corporate insiders own 11.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GOOGL shares. New Street Research lifted their price target on Alphabet from $450.00 to $455.00 and gave the stock a "buy" rating in a report on Friday, June 5th. HSBC reissued a "buy" rating and issued a $420.00 price objective (down from $435.00) on shares of Alphabet in a report on Tuesday, June 2nd. Pivotal Research restated a "buy" rating and set a $475.00 price objective (up from $470.00) on shares of Alphabet in a research report on Thursday, July 23rd. The Goldman Sachs Group lifted their target price on shares of Alphabet from $400.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Finally, Stifel Nicolaus set a $420.00 target price on shares of Alphabet and gave the company a "buy" rating in a report on Thursday, April 30th. Six research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $419.86.

Alphabet 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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