Brookstone Capital Management Sells 12,191 Shares of Alphabet Inc. $GOOGL

Key Points

• Brookstone Capital Management reduced its Alphabet stake by 4.9% in the first quarter, selling 12,191 shares and leaving it with 236,530 shares worth about $68 million.
• Alphabet recently beat earnings estimates, reporting $5.11 per share on revenue of $109.9 billion, while also raising its quarterly dividend to $0.22 per share from $0.21.
• Wall Street remains broadly positive on the stock, with a Moderate Buy consensus and an average price target of $413.13, even as some recent news has raised concerns about AI talent departures and delays.

Brookstone Capital Management cut its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 236,530 shares of the information services provider's stock after selling 12,191 shares during the period. Alphabet comprises approximately 0.8% of Brookstone Capital Management's portfolio, making the stock its 21st largest position. Brookstone Capital Management's holdings in Alphabet were worth $68,017,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Lifetime Wealth Management P.C. bought a new position in Alphabet during the fourth quarter valued at approximately $32,000. EMC Capital Management bought a new stake in shares of Alphabet in the 4th quarter worth approximately $33,000. PMV Capital Advisers LLC bought a new stake in shares of Alphabet in the 4th quarter worth approximately $38,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of Alphabet in the 4th quarter valued at $38,000. Finally, Bard Associates Inc. purchased a new stake in shares of Alphabet in the 4th quarter valued at $52,000. Institutional investors own 40.03% of the company's stock.

Alphabet Price Performance

GOOGL stock opened at $343.71 on Friday. The stock has a market capitalization of $4.16 trillion, a price-to-earnings ratio of 26.22, a PEG ratio of 1.48 and a beta of 1.23. The firm's 50-day moving average price is $368.94 and its two-hundred day moving average price is $332.85. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12-month low of $169.94 and a 12-month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. The company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. As a group, equities analysts predict that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio is currently 6.71%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet was announced as the replacement for Verizon in the Dow Jones Industrial Average, a high-profile index inclusion that can boost demand from index funds and improve investor sentiment. Alphabet replacing Verizon in Dow Jones Industrial Average index
• Positive Sentiment: Google Finance launched a new app and expanded portfolio-tracking tools, adding another product update that could support engagement across Google’s financial services ecosystem. Google Finance Debuts App and Investment Tracking Capabilities
• Neutral Sentiment: Several reports noted Alphabet remains a favored large-cap tech name among some investors and that the stock had previously benefited from the Dow inclusion announcement.
• Negative Sentiment: News that multiple AI researchers are leaving Google for rivals such as Anthropic and OpenAI is pressuring sentiment, as investors worry about talent retention and competitive pressure in AI. Alphabet Shares Fall After Report on Further AI Talent Departures
• Negative Sentiment: Additional coverage of Google’s “brain drain” and reports that Gemini 3.5 Pro was delayed to July add to concerns that Alphabet may be losing ground in the AI race. Google delays Gemini 3.5 Pro launch to July as it tweaks its new frontier AI model
• Negative Sentiment: The broader selloff also reflects anxiety around AI execution and competition, with investors reacting to talent departures and delays rather than the company’s longer-term fundamentals.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GOOGL. KeyCorp reaffirmed an "overweight" rating and set a $425.00 target price on shares of Alphabet in a report on Wednesday, May 20th. Piper Sandler restated an "overweight" rating and set a $445.00 price target (up from $425.00) on shares of Alphabet in a research report on Monday, June 1st. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of Alphabet in a research note on Monday, May 4th. Dbs Bank raised their price objective on Alphabet from $400.00 to $460.00 in a research note on Thursday, May 7th. Finally, Loop Capital lifted their price objective on Alphabet from $355.00 to $490.00 and gave the stock a "buy" rating in a report on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $413.13.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 1,481 shares in the company, valued at approximately $545,941.03. This trade represents a 41.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $381.00, for a total value of $38,862.00. Following the completion of the sale, the director owned 18,721 shares in the company, valued at approximately $7,132,701. This represents a 0.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 151,523 shares of company stock worth $4,863,526. Corporate insiders own 11.61% of the company's stock.

Alphabet 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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