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

Key Points

• Greenwich Wealth Management cut its Alphabet stake by 32.2% in the second quarter, selling 3,032 shares and retaining 6,398 shares valued at approximately $2.29 million. Institutional investors collectively own 40.03% of Alphabet.
• Alphabet shares recently fell 1.0% to $339.46, but the company reported strong quarterly results, with $9.11 in earnings per share and $119.8 billion in revenue, both exceeding analyst expectations.
• Analysts maintain a broadly positive view, with an average “Buy” rating and a consensus price target of $425.60; however, ongoing EU antitrust actions and privacy-related fines remain key risks.

Greenwich Wealth Management LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 32.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,398 shares of the information services provider's stock after selling 3,032 shares during the quarter. Greenwich Wealth Management LLC's holdings in Alphabet were worth $2,286,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its position in Alphabet by 5.6% during the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock worth $85,403,303,000 after acquiring an additional 12,718,127 shares during the period. Invesco Ltd. increased its stake in shares of Alphabet by 0.5% during the fourth quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider's stock worth $14,208,470,000 after purchasing an additional 208,362 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Alphabet by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 38,106,033 shares of the information services provider's stock worth $11,927,189,000 after purchasing an additional 583,078 shares in the last quarter. Amundi increased its stake in shares of Alphabet by 4.6% during the second quarter. Amundi now owns 33,203,350 shares of the information services provider's stock worth $11,865,809,000 after purchasing an additional 1,457,371 shares in the last quarter. Finally, Nuveen LLC raised its position in shares of Alphabet by 1.7% during the 4th quarter. Nuveen LLC now owns 29,166,806 shares of the information services provider's stock worth $9,129,210,000 after purchasing an additional 478,848 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Down 1.0%

Shares of GOOGL stock traded down $3.29 on Tuesday, hitting $339.46. The stock had a trading volume of 9,140,745 shares, compared to its average volume of 30,878,781. 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 firm has a market capitalization of $4.15 trillion, a P/E ratio of 17.04, a P/E/G ratio of 1.00 and a beta of 1.22. Alphabet Inc. has a 1 year low of $235.84 and a 1 year high of $408.61. The company's 50 day moving average price is $343.94 and its 200-day moving average price is $346.96.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 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 return on equity of 51.32% and a net margin of 54.77%. Analysts anticipate that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have commented on GOOGL. DA Davidson set a $350.00 price objective on Alphabet and gave the stock a "neutral" rating in a research note on Thursday, July 23rd. Truist Financial set a $420.00 target price on Alphabet and gave the company a "buy" rating in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research note on Friday, July 17th. Wall Street Zen cut Alphabet from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Morgan Stanley set a $400.00 price objective on Alphabet and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Five analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Alphabet currently has an average rating of "Buy" and a consensus target price of $425.60.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI and cloud growth support upside: Analysts and market commentators see multiple growth engines, including rapidly expanding Google Cloud, Gemini’s large user base, and external sales of Google’s TPU AI chips. Piper Sandler raised its Alphabet price target to $400 and projected TPU hardware revenue could reach $104 billion by 2028. Alphabet Has More Growth Engines Than Investors Think
• Positive Sentiment: Commercial AI adoption is broadening: Google Cloud expanded its collaboration with Thales to secure agentic-AI workflows, while Google’s Gemini is powering the new U.S. government America.gov chatbot alongside xAI’s Grok. These developments could strengthen Gemini’s enterprise and public-sector reach. Thales Expands Collaboration with Google Cloud
• Positive Sentiment: Partner demand reinforces the AI infrastructure story: Marvell began shipping custom AI-related silicon to Google and expects the relationship to ramp through 2028, indicating continued Alphabet investment in data-center and inference capacity. Marvell Starts Custom AI Chip Shipments
• Neutral Sentiment: Google is restructuring Gemini features: Alphabet is replacing the Gemini “Gems” customization feature with “skills.” The change may improve its competitive position in AI agents, but it also introduces product-transition risk. Google Is Killing Off Gemini’s Gems
• Negative Sentiment: EU regulatory risk remains the main overhang: Google appealed EU orders requiring it to provide search data to rivals and broaden Android access for competing AI services. France also proposed using Google’s accumulated EU fines to reduce member-state budget contributions, keeping potential penalties and compliance costs in focus. Google Challenges EU Orders
• Negative Sentiment: Privacy concerns add to the pressure: Google faces a €403 million fine from Ireland’s data-protection regulator related to historical location-data practices, reinforcing worries about Alphabet’s regulatory exposure in Europe. Google’s €403 Million Privacy Fine

Insider Buying and Selling

In related news, Director Frances Arnold sold 82 shares of the business's stock in a transaction that occurred 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 owned 18,995 shares in the company, valued at $6,414,801.45. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business's stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. The disclosure for this sale is available in the SEC filing. Insiders sold 441,316 shares of company stock worth $8,648,795 over the last 90 days. 11.61% of the stock is owned by insiders.

Alphabet Profile

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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