Alphabet Inc. $GOOGL Stock: RKL Wealth Management LLC Decreases Holdings

Key Points

• RKL Wealth Management reduced its Alphabet position by 3.4% in the third quarter, selling 2,447 shares and retaining 70,211 shares valued at approximately $24.2 million.
• Institutional ownership remains significant at 40.03%, although insider selling was notable: company insiders sold 402,479 shares worth about $7.95 million during the last quarter.
• Alphabet reported quarterly earnings and revenue above analyst expectations, while Wall Street remains bullish with a consensus “Buy” rating and an average price target of $426.34 versus the reported share price of $340.27.

RKL Wealth Management LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,211 shares of the information services provider's stock after selling 2,447 shares during the quarter. Alphabet accounts for approximately 1.9% of RKL Wealth Management LLC's investment portfolio, making the stock its 12th biggest holding. RKL Wealth Management LLC's holdings in Alphabet were worth $24,158,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of GOOGL. Carroll Advisory Group LLC grew its position in shares of Alphabet by 15.0% in the third quarter. Carroll Advisory Group LLC now owns 791 shares of the information services provider's stock valued at $272,000 after purchasing an additional 103 shares during the period. Peak Financial Management Inc. increased its stake in shares of Alphabet by 5.0% during the third quarter. Peak Financial Management Inc. now owns 2,657 shares of the information services provider's stock worth $914,000 after purchasing an additional 126 shares in the last quarter. Eagle Strategies LLC increased its stake in shares of Alphabet by 0.9% during the third quarter. Eagle Strategies LLC now owns 18,350 shares of the information services provider's stock worth $6,314,000 after purchasing an additional 165 shares in the last quarter. McKinley Carter Wealth Services Inc. raised its position in shares of Alphabet by 1.1% during the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 74,577 shares of the information services provider's stock worth $25,660,000 after purchasing an additional 831 shares during the last quarter. Finally, St. Louis Financial Planners Asset Management LLC acquired a new position in shares of Alphabet during the 3rd quarter worth about $2,936,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of the stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the sale, the director owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 402,479 shares of company stock valued at $7,946,534. Corporate insiders own 11.61% of the company's stock.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $340.27 on Wednesday. The firm has a 50-day simple moving average of $343.93 and a 200-day simple moving average of $352.57. The stock has a market capitalization of $4.16 trillion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 1.00 and a beta of 1.21. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 52 week low of $244.15 and a 52 week high of $408.61.

Alphabet (NASDAQ:GOOGL - 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 the consensus estimate of $2.89 by $6.22. The firm had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, equities analysts predict that Alphabet Inc. will post 20.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GOOGL. Pivotal Research reaffirmed a "buy" rating and issued a $475.00 price target (up from $470.00) on shares of Alphabet in a research note on Thursday, July 23rd. KeyCorp cut their price objective on Alphabet from $435.00 to $410.00 and set an "overweight" rating for the company in a research note on Monday. Piper Sandler boosted their price objective on Alphabet from $395.00 to $400.00 and gave the stock an "overweight" rating in a research note on Monday, September 28th. Truist Financial set a $420.00 target price on Alphabet and gave the company a "buy" rating in a report on Thursday, July 23rd. Finally, Tigress Financial restated a "strong-buy" rating and issued a $485.00 target price (up from $415.00) on shares of Alphabet in a research report on Thursday, September 17th. Five investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $426.34.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analyst support remains strong. BMO Capital raised its Alphabet price target to $480, while other coverage continues to characterize the stock as an attractive growth and value opportunity ahead of the October 28 earnings report. Bank of America expects a modest earnings beat, supported by Google Cloud growth and demand for Alphabet’s custom AI chips. BMO Capital adjusts price target on Alphabet
• Positive Sentiment: AI and emerging businesses continue to expand. Alphabet launched TorchTPU as an open-source PyTorch project, potentially helping developers use Google’s chips instead of Nvidia GPUs. Google is also adding more personalized Gemini functionality to vehicles, while Waymo reportedly plans to expand its robotaxi fleet to 20,000 vehicles and launch autonomous ride-hailing in Madrid next year. Google attacks Nvidia's AI developer stronghold
• Neutral Sentiment: Investors are focused on upcoming earnings. Alphabet’s strong prior quarter and rapid Cloud growth have not translated consistently into share-price gains. The company will need to demonstrate that Cloud expansion and TPU demand are producing meaningful profitability, while also addressing potential moderation in Search growth.
• Negative Sentiment: Google Cloud suffered a high-profile outage in the United Kingdom. Disruptions affected several banking and online services, and the Bank of England is investigating the incident. Although services were largely restored, the event raises concerns about reliability and could increase regulatory scrutiny of Alphabet’s cloud infrastructure. Google Cloud services largely back up in UK
• Negative Sentiment: Multiple law firms publicized a securities-fraud class action. The litigation alleges Alphabet misled investors about the development timeline for Gemini 3.5 Pro. Several firms highlighted lead-plaintiff deadlines around November 30 and December 1, keeping legal risk and the possibility of investor damages in focus. Rosen securities class-action notice
• Negative Sentiment: Broader AI-stock weakness added pressure. Concerns about AI financing, elevated capital spending and the sustainability of the technology trade have encouraged investors to reduce exposure to major technology stocks, even as Alphabet remains comparatively inexpensive among the “Magnificent Seven.”

Alphabet Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.

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