Centurion Wealth Management LLC Sells 2,392 Shares of Alphabet Inc. $GOOGL

Key Points

• Centurion Wealth Management cut its Alphabet position by 29.8% in the second quarter, selling 2,392 shares and retaining 5,638 shares valued at approximately $2.02 million.
• Alphabet reported quarterly earnings of $9.11 per share, well above the $2.89 analyst consensus, while revenue reached $119.8 billion versus $117.07 billion expected.
• Analysts maintain a consensus “Buy” rating with an average price target of $419.86, compared with the stock’s reported opening price of $344; Alphabet also declared a quarterly dividend of $0.22 per share.

Centurion Wealth Management LLC lowered its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 29.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,638 shares of the information services provider's stock after selling 2,392 shares during the quarter. Centurion Wealth Management LLC's holdings in Alphabet were worth $2,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of GOOGL. Wealthcare Capital Partners LLC raised its stake in shares of Alphabet by 6.1% during the second quarter. Wealthcare Capital Partners LLC now owns 1,846 shares of the information services provider's stock worth $660,000 after acquiring an additional 106 shares in the last quarter. Tenzing Financial LLC boosted its stake in shares of Alphabet by 0.6% in the 2nd quarter. Tenzing Financial LLC now owns 4,395 shares of the information services provider's stock valued at $1,611,000 after purchasing an additional 28 shares in the last quarter. CPA Asset Management Group LLC grew its holdings in shares of Alphabet by 4.6% during the 2nd quarter. CPA Asset Management Group LLC now owns 4,571 shares of the information services provider's stock valued at $1,634,000 after purchasing an additional 200 shares during the last quarter. Financial Advisory Corp grew its holdings in shares of Alphabet by 11.1% during the 2nd quarter. Financial Advisory Corp now owns 1,243 shares of the information services provider's stock valued at $444,000 after purchasing an additional 124 shares during the last quarter. Finally, LWM Advisors Inc. purchased a new position in Alphabet in the 2nd quarter worth $208,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet Price Performance

GOOGL stock opened at $344.00 on Tuesday. The stock has a market capitalization of $4.21 trillion, a price-to-earnings ratio of 17.28, a PEG ratio of 0.97 and a beta of 1.24. The firm's 50-day moving average price is $353.27 and its two-hundred day moving average price is $341.22. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12-month low of $196.60 and a 12-month 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 for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. The company had revenue of $119.80 billion during 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 analysts predict that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be issued a $0.22 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is 4.42%.

Insiders Place Their Bets

In other news, insider John Kent Walker sold 8,998 shares of the business's stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider directly owned 75,290 shares of the company's stock, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frances Arnold sold 82 shares of the company's stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $333.39, for a total value of $27,337.98. Following the transaction, the director owned 18,914 shares of the company's stock, valued at approximately $6,305,738.46. This represents a 0.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 451,945 shares of company stock valued at $12,382,714 in the last 90 days. 11.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GOOGL has been the subject of several recent research reports. Mizuho boosted their price target on shares of Alphabet from $420.00 to $460.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 6th. DA Davidson set a $350.00 price objective on Alphabet and gave the company a "neutral" rating in a research note on Thursday, July 23rd. The Goldman Sachs Group lifted their price objective on Alphabet from $400.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research note on Friday, July 17th. Finally, Jefferies Financial Group restated 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-four have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $419.86.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Several prominent investors increased their Alphabet positions in the second quarter. Berkshire Hathaway raised its stake substantially, while Stanley Druckenmiller, Seth Klarman, David Tepper, Dan Loeb, and others also bought shares—potentially reinforcing confidence in Alphabet’s valuation and long-term outlook. Berkshire Hathaway Alphabet stake article
• Positive Sentiment: Google’s Gemini reportedly reached 1 billion active users, supporting the case that Alphabet can build a large consumer AI business alongside its core search franchise. Alphabet’s valuation—about 17 times trailing earnings in the cited analysis—may also appear reasonable relative to its growth prospects. Gemini active users article
• Positive Sentiment: Alphabet is buying anonymized Spirit Airlines business data for $10 million to support product development and AI-model training. The relatively small deal highlights efforts to obtain proprietary data without acquiring customer records. Google Spirit Airlines data acquisition article
• Positive Sentiment: Google Cloud’s accelerating growth and reported $514 billion backlog remain major bullish arguments, indicating sustained enterprise demand for Alphabet’s AI infrastructure and cloud services. Alphabet Google Cloud growth article
• Neutral Sentiment: Alphabet reportedly hired banks for a debut Australian-dollar bond offering. The financing could diversify its funding base, although investors may focus on whether additional borrowing is needed to fund AI investment. Alphabet Australian dollar bond article
• Neutral Sentiment: AI automation startup Relay is shutting down, with some employees joining Google’s Chrome team. The talent acquisition could strengthen Chrome’s AI capabilities, but it is not expected to materially affect near-term earnings. Relay shutdown and Google hiring article
• Negative Sentiment: Alphabet’s planned 2026 capital spending of more than $200 billion is pressuring free cash flow. Commentary about an AI “debt ledger” and potential bond issuance adds to concerns that the AI buildout could require heavier financing before returns are proven. Alphabet AI capital spending article
• Negative Sentiment: Some investors said they are less bullish on Alphabet than two years ago, citing the company’s transformation and increased execution risks. Viking Global also reduced or exited its Alphabet position, offsetting the more widely reported institutional buying. Investor concerns about Alphabet article

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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