Alphabet Inc. $GOOGL Stock Sold by WealthCare Asset Management LLC

Key Points

• WealthCare Asset Management cut its Alphabet stake by 41.1% in the third quarter, selling 1,793 shares and retaining 2,571 shares worth about $885,000.
• Alphabet’s latest quarterly results fell short of expectations: EPS was $2.12 versus a $3.02 consensus, while revenue was $127.58 billion against estimates of $127.96 billion.
• Analysts remain broadly positive, with a consensus “Buy” rating and a $412.51 price target. Strong Google Cloud growth is offset by concerns about slower Search growth and rising AI spending weighing on free cash flow.

WealthCare Asset Management LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 41.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,571 shares of the information services provider's stock after selling 1,793 shares during the quarter. Alphabet makes up about 0.8% of WealthCare Asset Management LLC's holdings, making the stock its 28th largest holding. WealthCare Asset Management LLC's holdings in Alphabet were worth $885,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Strategic Wealth Advisors LLC lifted its stake in shares of Alphabet by 6.0% in the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock worth $137,000 after buying an additional 27 shares in the last quarter. Rockbridge Investment Management LCC raised its holdings in shares of Alphabet by 0.5% during the 1st quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider's stock worth $1,570,000 after acquiring an additional 27 shares during the period. Ruggaard & Associates LLC raised its holdings in shares of Alphabet by 0.9% during the 1st quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider's stock worth $840,000 after acquiring an additional 27 shares during the period. Cadia Private Client LLC grew its holdings in shares of Alphabet by 1.1% in the first quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider's stock valued at $744,000 after purchasing an additional 28 shares during the period. Finally, Evansbrook LLC raised its stake in Alphabet by 0.3% during the first quarter. Evansbrook LLC now owns 9,522 shares of the information services provider's stock worth $2,738,000 after purchasing an additional 28 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 83 shares of the firm's stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the transaction, the director owned 19,076 shares of the company's stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 247 shares of company stock worth $79,238 in the last three months. 11.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. KeyCorp decreased their price objective on Alphabet from $410.00 to $385.00 and set an "overweight" rating on the stock in a report on Thursday, October 29th. Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a research report on Thursday, October 15th. Guggenheim reiterated a "buy" rating and issued a $450.00 price objective on shares of Alphabet in a report on Thursday, October 29th. Wall Street Zen lowered shares of Alphabet from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Roth Capital reiterated 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 analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of "Buy" and a consensus target price of $412.51.

Alphabet Price Performance

Shares of GOOGL opened at $280.03 on Wednesday. Alphabet Inc. has a 1-year low of $270.70 and a 1-year high of $408.61. The stock has a market cap of $3.42 trillion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 0.84 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.69. The firm has a fifty day moving average price of $336.39 and a 200 day moving average price of $339.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing analysts' consensus estimates of $3.02 by ($0.90). The firm had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.96 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. As a group, sell-side analysts anticipate that Alphabet Inc. will post 19.86 EPS for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, December 7th will be paid a $0.22 dividend. The ex-dividend date is Monday, December 7th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet's payout ratio is currently 4.59%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year in the latest quarter, and its reported backlog was about $561 billion, highlighting strong enterprise demand. Read More.
• Positive Sentiment: Alphabet is in preliminary discussions related to the U.S. “Golden Dome” defense initiative. A contract could create a new, recurring revenue stream and help monetize its infrastructure investments, though no deal has been confirmed. Read More.
• Neutral Sentiment: Google plans to make its AI tools opt-in for K-12 students, responding to concerns from educators and policymakers. Reports that restricting AI could also limit Search have drawn political criticism, creating reputational risk while the company adjusts its school policies. Read More.
• Negative Sentiment: Recent earnings concerns continue to weigh on the outlook: Alphabet missed quarterly EPS expectations, Search growth slowed, and AI-generated results may produce less advertising revenue than traditional Search. ChatGPT’s search volume is also reported at roughly 20% of Google’s, underscoring competition for users. Read More.
• Negative Sentiment: Heavy AI infrastructure spending pushed free cash flow negative, and management expects capital expenditures to rise further. That raises questions about when the investment will generate sufficient returns and may help explain continued pressure on the shares after earnings. Read More.
• Negative Sentiment: Several law firms publicized an existing securities class action concerning alleged statements about Gemini 3.5 Pro training results. The repeated notices do not indicate separate new cases, but the litigation could add legal and reputational risk. Read More.

About Alphabet

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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