Chelsea Counsel Co. Has $11.40 Million Stake in Alphabet Inc. $GOOG

Key Points

• Chelsea Counsel Co. reduced its Alphabet stake by 10.8% in the first quarter, selling 4,807 shares. It still held 39,753 shares worth approximately $11.4 million, representing 5% of its portfolio.
• Alphabet reported strong quarterly performance, with revenue rising 24.2% year over year to $119.8 billion and earnings per share of $9.11, well above consensus estimates. AI and Google Cloud growth are supporting investor optimism, though planned capital spending of up to $205 billion and pressure on free cash flow remain concerns.
• Wall Street maintained a broadly positive view, with the stock carrying an average “Buy” rating and a $410.09 average price target. Alphabet also declared a quarterly dividend of $0.22 per share, equal to a 0.2% annualized yield.

Chelsea Counsel Co. reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 10.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,753 shares of the information services provider's stock after selling 4,807 shares during the quarter. Alphabet accounts for approximately 5.0% of Chelsea Counsel Co.'s portfolio, making the stock its 2nd largest holding. Chelsea Counsel Co.'s holdings in Alphabet were worth $11,404,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Nvest Wealth Strategies Inc. bought a new stake in Alphabet in the fourth quarter valued at approximately $38,000. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet in the fourth quarter worth approximately $38,000. Imprint Wealth LLC purchased a new position in shares of Alphabet in the third quarter worth $31,000. Bard Associates Inc. purchased a new position in shares of Alphabet in the fourth quarter worth $41,000. Finally, Towne Trust Company N.A raised its holdings in Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock valued at $42,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI and cloud growth are supporting the stock. Investors are responding to evidence that Alphabet’s large AI investments can drive revenue and profits. Google Cloud continues to be a key valuation driver, while the company’s custom AI chips are increasingly viewed as credible alternatives to Nvidia’s products. Alphabet and Amazon custom AI chips
• Positive Sentiment: Strong fundamentals and bullish positioning remain supportive. Alphabet recently reported quarterly revenue of $119.8 billion, up 24.2% year over year, and exceeded consensus EPS expectations. Analysts remain broadly positive, while investors purchased approximately 275,667 call options Friday—about 33% above average daily call volume.
• Positive Sentiment: Enterprise AI partnerships could expand Google Cloud demand. Alphabet’s Gemini models are being integrated into Oracle’s enterprise software, and the company is reportedly backing financing for an Anthropic data center. These developments could generate additional demand for Alphabet’s cloud infrastructure and AI services.
• Neutral Sentiment: Capital spending remains the central investment debate. Alphabet raised its 2026 capital-expenditure outlook to $195 billion–$205 billion. The spending is intended to capture AI demand, but investors are watching whether future revenue growth will justify the scale of the investment.
• Negative Sentiment: AI spending is weighing on cash flow. A sharp increase in infrastructure investment reportedly pushed free cash flow negative in the latest quarter, while rising memory and data-center costs could increase future depreciation and pressure margins. AI buildout costs
• Negative Sentiment: Google withdrew its Earth AI feature after misinformation concerns. The one-day-old feature allowed fabricated AI images inside Google Earth, and its cancellation highlights reputational and product-governance risks. Google Earth AI feature cancellation

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $356.65 on Monday. 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 $188.70 and a 12 month high of $404.47. The firm has a market capitalization of $4.36 trillion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 1.00 and a beta of 1.23. The firm has a fifty day simple moving average of $355.82 and a two-hundred day simple moving average of $337.95.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.87 by $6.24. The firm had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period last year, the company posted $2.31 EPS. Equities analysts expect that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's dividend payout ratio is presently 4.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GOOG shares. JPMorgan Chase & Co. cut their price target on shares of Alphabet from $460.00 to $420.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Citigroup reiterated a "market outperform" rating on shares of Alphabet in a report on Wednesday, July 22nd. Truist Financial cut their target price on Alphabet from $430.00 to $420.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. The Goldman Sachs Group restated a "buy" rating and set a $450.00 price target on shares of Alphabet in a report on Thursday, May 21st. Finally, DA Davidson lowered their price target on Alphabet from $375.00 to $350.00 and set a "neutral" rating for the company in a research report on Thursday, July 23rd. Seven analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $410.09.

Insider Activity at Alphabet

In other Alphabet news, insider John Kent Walker sold 8,998 shares of Alphabet 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Marsida Saraci sold 449 shares of the company's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 600,547 shares of company stock valued at $16,255,540. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Company Profile

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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