Alphabet Inc. $GOOGL Stock Sold by GK Wealth Management LLC

Key Points

• GK Wealth Management reduced its Alphabet stake by 15.6% in the third quarter, selling 1,816 shares and retaining 9,788 shares worth approximately $3.37 million.
• Institutional ownership activity was mixed: several firms increased their positions, while Alphabet insiders sold 441,399 shares worth $8.68 million over the past 90 days.
• Alphabet reported quarterly earnings of $9.11 per share and revenue of $119.8 billion, both exceeding analyst expectations; analysts maintain a broadly bullish view with an average price target of $425.72.

GK Wealth Management LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 15.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,788 shares of the information services provider's stock after selling 1,816 shares during the period. Alphabet comprises approximately 1.8% of GK Wealth Management LLC's holdings, making the stock its 7th biggest position. GK Wealth Management LLC's holdings in Alphabet were worth $3,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of GOOGL. Titleist Asset Management LLC grew its position in shares of Alphabet by 6.4% in the 3rd quarter. Titleist Asset Management LLC now owns 34,613 shares of the information services provider's stock worth $11,909,000 after acquiring an additional 2,096 shares in the last quarter. PFG Investments LLC increased its holdings in shares of Alphabet by 2.6% in the 1st quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock valued at $25,679,000 after acquiring an additional 2,269 shares during the last quarter. Elefante Mark B increased its holdings in shares of Alphabet by 4.5% in the 2nd quarter. Elefante Mark B now owns 43,733 shares of the information services provider's stock valued at $15,629,000 after acquiring an additional 1,897 shares during the last quarter. Nwam LLC increased its holdings in shares of Alphabet by 19.6% in the 1st quarter. Nwam LLC now owns 49,128 shares of the information services provider's stock valued at $14,127,000 after acquiring an additional 8,055 shares during the last quarter. Finally, WCM Investment Management LLC raised its position in shares of Alphabet by 287.4% during the 1st quarter. WCM Investment Management LLC now owns 3,886 shares of the information services provider's stock valued at $1,063,000 after acquiring an additional 2,883 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Insider Buying and Selling

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the company's stock in a transaction on Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the company's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 441,399 shares of company stock worth $8,677,053 in the last 90 days. 11.61% of the stock is owned by company insiders.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $351.66 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The firm has a market cap of $4.30 trillion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 1.02 and a beta of 1.21. The business's 50-day simple moving average is $345.90 and its 200-day simple moving average is $349.18. Alphabet Inc. has a 52 week low of $235.84 and a 52 week high of $408.61.

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, beating analysts' consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. As a group, equities research analysts expect that Alphabet Inc. will post 20.54 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is currently 4.42%.

More Alphabet News

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

Analyst Upgrades and Downgrades

GOOGL has been the topic of several research analyst reports. KeyCorp raised their price objective on Alphabet from $425.00 to $445.00 and gave the stock an "overweight" rating in a research note on Friday, July 10th. Truist Financial set a $420.00 price objective on shares of Alphabet and gave the stock a "buy" rating in a report on Thursday, July 23rd. UBS Group lowered their target price on shares of Alphabet from $400.00 to $379.00 and set a "neutral" rating for the company in a research note on Thursday, July 23rd. Tigress Financial reiterated a "strong-buy" rating and set a $485.00 target price (up from $415.00) on shares of Alphabet in a research note on Thursday, September 17th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Alphabet in a report on Monday, June 22nd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $425.72.

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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