Clarity Wealth Advisors LLC Sells 1,648 Shares of Alphabet Inc. $GOOGL

Key Points

• Clarity Wealth Advisors LLC trimmed its Alphabet stake by 3.0% in the first quarter, selling 1,648 shares and leaving it with 53,091 shares worth about $15.3 million.
• Alphabet continues to attract bullish Wall Street coverage, with several analysts raising or reaffirming buy ratings and an average price target of $413.92, above the stock’s recent level around $357.
• The company reported strong quarterly results, including EPS of $5.11 versus estimates of $2.64 and revenue of $109.9 billion, while also increasing its quarterly dividend to $0.22 per share.

Clarity Wealth Advisors LLC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,091 shares of the information services provider's stock after selling 1,648 shares during the period. Alphabet makes up 3.1% of Clarity Wealth Advisors LLC's holdings, making the stock its 10th biggest position. Clarity Wealth Advisors LLC's holdings in Alphabet were worth $15,267,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Physician Wealth Advisors Inc. boosted its holdings in Alphabet by 2.3% in the first quarter. Physician Wealth Advisors Inc. now owns 8,630 shares of the information services provider's stock valued at $2,482,000 after purchasing an additional 198 shares during the last quarter. Able Wealth Management LLC raised its stake in shares of Alphabet by 6.0% during the 1st quarter. Able Wealth Management LLC now owns 3,599 shares of the information services provider's stock valued at $1,035,000 after buying an additional 204 shares during the last quarter. TSG Advice Partners LLC boosted its stake in shares of Alphabet by 4.1% in the first quarter. TSG Advice Partners LLC now owns 12,855 shares of the information services provider's stock worth $3,697,000 after buying an additional 508 shares during the last quarter. Center for Wealth Management Advisory grew its holdings in Alphabet by 44.9% during the first quarter. Center for Wealth Management Advisory now owns 1,078 shares of the information services provider's stock worth $310,000 after acquiring an additional 334 shares during the period. Finally, BetterWealth LLC grew its holdings in Alphabet by 97.9% during the first quarter. BetterWealth LLC now owns 1,926 shares of the information services provider's stock worth $554,000 after acquiring an additional 953 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: KeyCorp raised its price target on Alphabet to $445 from $425 and kept an overweight rating, reinforcing the view that the stock still has meaningful upside from current levels.
• Positive Sentiment: Multiple upbeat articles highlighted Alphabet as a leading AI and cloud beneficiary, with commentary pointing to strong distribution through Search, Android, YouTube, Google Cloud, and chips as reasons it could monetize AI better than peers.
• Positive Sentiment: New coverage argued Alphabet looks undervalued after a big run over the past year, while other pieces said the company remains one of the most attractive megacap tech names on a risk/reward basis.
• Positive Sentiment: Zacks and other market commentators continued to include GOOGL among cloud and internet stocks positioned to benefit from AI-driven data center spending and digital demand growth.
• Positive Sentiment: Business and tech commentary also pointed to product and platform strengths, including Google Search setting records during the World Cup and Waymo planning more driverless-car expansion, which support the long-term growth narrative.
• Neutral Sentiment: Alphabet said it will begin disclosing which ads are generated with AI, a transparency move that may help trust and compliance but is unlikely to materially change near-term earnings.
• Neutral Sentiment: Britain moved to regulate Google as a critical cloud supplier to protect financial stability; the change adds oversight, but it also underscores the importance of Google Cloud rather than signaling a fundamental business setback.
• Neutral Sentiment: Reuters reported that Google is appealing an Indian ads-related trademark ruling, a legal issue that could create some noise but does not yet appear to be a major stock-moving event.
• Neutral Sentiment: Recent short-interest data was effectively flat at zero shares reported, offering little actionable signal for traders.
• Negative Sentiment: One Reuters-linked report said Google and OpenAI provided AI services to Singapore-based subsidiaries of Chinese groups on the Pentagon blacklist, which could raise regulatory scrutiny and geopolitical concerns.
• Negative Sentiment: Technical commentary noted Alphabet is testing a key resistance zone after a recovery, suggesting the stock may need a fresh catalyst to extend its move higher.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Truist Financial set a $430.00 price target on Alphabet and gave the company a "buy" rating in a report on Friday, May 29th. Piper Sandler reaffirmed an "overweight" rating and set a $445.00 price objective (up from $425.00) on shares of Alphabet in a research note on Monday, June 1st. Wolfe Research cut their target price on shares of Alphabet from $390.00 to $360.00 and set an "outperform" rating for the company in a report on Friday, April 10th. CICC Research boosted their target price on shares of Alphabet from $388.00 to $407.91 and gave the company an "outperform" rating in a research note on Friday, May 1st. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Alphabet in a report on Monday, June 22nd. 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $413.92.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $357.18 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The company has a fifty day moving average of $372.61 and a two-hundred day moving average of $336.44. The stock has a market capitalization of $4.33 trillion, a PE ratio of 27.24, a P/E/G ratio of 1.53 and a beta of 1.24. Alphabet Inc. has a fifty-two week low of $176.48 and a fifty-two week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. As a group, research analysts forecast that Alphabet Inc. will post 14.32 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is presently 6.71%.

Insider Activity at Alphabet

In related news, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the sale, the chief accounting officer directly owned 27,348 shares in the company, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frances Arnold sold 112 shares of the firm's stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total value of $39,343.36. Following the completion of the transaction, the director owned 18,833 shares in the company, valued at $6,615,656.24. The trade was a 0.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 160,465 shares of company stock worth $8,020,511 in the last quarter. 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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