Aristides Capital LLC Lowers Holdings in Alphabet Inc. $GOOGL

Aristides Capital LLC decreased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 13.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,918 shares of the information services provider's stock after selling 7,222 shares during the period. Alphabet comprises approximately 2.2% of Aristides Capital LLC's holdings, making the stock its 2nd largest holding. Aristides Capital LLC's holdings in Alphabet were worth $13,204,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of GOOGL. Klingman & Associates LLC grew its position in Alphabet by 3.1% in the first quarter. Klingman & Associates LLC now owns 27,370 shares of the information services provider's stock valued at $7,871,000 after acquiring an additional 826 shares during the period. CLG LLC lifted its holdings in shares of Alphabet by 0.8% during the first quarter. CLG LLC now owns 6,662 shares of the information services provider's stock valued at $1,916,000 after acquiring an additional 50 shares during the period. Modern Wealth Management LLC boosted its stake in shares of Alphabet by 1.1% in the 1st quarter. Modern Wealth Management LLC now owns 135,293 shares of the information services provider's stock valued at $40,234,000 after purchasing an additional 1,486 shares in the last quarter. Keebeck Wealth Management boosted its stake in shares of Alphabet by 25.9% in the 1st quarter. Keebeck Wealth Management now owns 21,404 shares of the information services provider's stock valued at $6,155,000 after purchasing an additional 4,399 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Alphabet by 90.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider's stock worth $4,900,078,000 after purchasing an additional 8,112,680 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Stock Performance

GOOGL opened at $356.13 on Monday. Alphabet Inc. has a 1-year low of $187.82 and a 1-year high of $408.61. The stock has a market capitalization of $4.36 trillion, a PE ratio of 17.89, a PEG ratio of 1.00 and a beta of 1.24. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $357.79 and a two-hundred day moving average price of $339.35.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. As a group, equities analysts anticipate that Alphabet Inc. will post 20.51 earnings per share for the current fiscal 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 $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, September 4th. Alphabet's dividend payout ratio (DPR) is presently 4.42%.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction on Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the sale, the insider directly owned 75,290 shares of the company's stock, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the sale, 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 SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 600,547 shares of company stock worth $16,255,540. Insiders own 11.61% of the company's stock.

Analysts Set New Price Targets

GOOGL has been the subject of a number of recent analyst reports. BMO Capital Markets set a $465.00 target price on shares of Alphabet and gave the stock an "outperform" rating in a research report on Thursday, July 23rd. Wells Fargo & Company set a $411.00 price target on shares of Alphabet and gave the company an "overweight" rating in a research report on Thursday, July 23rd. CICC Research upped their price objective on shares of Alphabet from $388.00 to $407.91 and gave the stock an "outperform" rating in a research note on Friday, May 1st. Piper Sandler reaffirmed an "overweight" rating and set a $395.00 price objective (down from $445.00) on shares of Alphabet in a report on Thursday, July 23rd. Finally, Rothschild & Co Redburn lifted their target price on shares of Alphabet from $390.00 to $430.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Six analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $419.86.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s custom Tensor Processing Units (TPUs) are increasingly viewed as credible alternatives to Nvidia chips. That could reduce Google’s dependence on external suppliers and create a potential external chip-revenue opportunity. Alphabet and Amazon custom AI chips
• Positive Sentiment: Recent commentary highlights Alphabet’s record quarter, strong Google Cloud growth, Gemini adoption and enterprise AI demand. Analysts and value-focused investors continue to view GOOGL as comparatively inexpensive among large technology and AI companies. Alphabet AI investment and valuation
• Positive Sentiment: Google is reportedly supporting a $15 billion Anthropic data-center project with chips and financial guarantees, while Oracle is expanding its partnership to bring Gemini models to enterprise applications. These initiatives could drive Google Cloud demand and strengthen Alphabet’s AI ecosystem. Anthropic data center backed by Google
• Neutral Sentiment: Alphabet’s reported quarterly earnings and revenue beat consensus estimates by wide margins, supporting the fundamental case, although investors remain focused on whether AI growth will translate into sufficient cash returns.
• Negative Sentiment: Alphabet withdrew its Google Earth AI image-generation feature only one day after launch following criticism that fabricated imagery could spread misinformation. The quick reversal limits immediate product risk but raises questions about AI governance and rollout discipline. Google Earth AI feature withdrawn
• Negative Sentiment: The AI buildout is becoming increasingly expensive. Alphabet is targeting up to $205 billion in 2026 capital expenditures, while rising memory and infrastructure costs are pressuring cash flow and increasing future depreciation. AI buildout costs and cash flow
• Negative Sentiment: Recent insider sales were small relative to the executives’ remaining holdings, but they provide a modest sentiment headwind. Separately, investor-law-firm investigations could create additional legal and reputational overhang. Alphabet director stock sale

Alphabet Company 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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