CPC Advisors LLC Sells 20,747 Shares of Alphabet Inc. $GOOGL

Key Points

• CPC Advisors LLC cut its Alphabet stake by 70.7% in the first quarter, selling 20,747 shares and leaving it with 8,614 shares worth about $2.48 million.
• Alphabet has seen mixed analyst sentiment, but the overall view remains Moderate Buy with a consensus price target of $413.13. Recent moves included upgrades from Wall Street Zen and Daiwa, while UBS and Freedom Capital were more cautious.
• The company posted strong recent results, beating earnings and revenue expectations, and it also raised its quarterly dividend to $0.22 per share. However, the stock has been pressured by concerns about AI talent departures and delays to Gemini 3.5 Pro.

CPC Advisors LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 70.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,614 shares of the information services provider's stock after selling 20,747 shares during the quarter. CPC Advisors LLC's holdings in Alphabet were worth $2,477,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in GOOGL. Lifetime Wealth Management P.C. bought a new position in Alphabet in the fourth quarter worth approximately $32,000. EMC Capital Management purchased a new position in Alphabet in the fourth quarter valued at about $33,000. PMV Capital Advisers LLC purchased a new stake in shares of Alphabet during the fourth quarter valued at about $38,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Alphabet in the 4th quarter worth approximately $38,000. Finally, Bard Associates Inc. bought a new position in shares of Alphabet during the 4th quarter worth approximately $52,000. 40.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Alphabet from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Daiwa Securities Group boosted their target price on Alphabet from $380.00 to $445.00 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. Freedom Capital cut Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. UBS Group restated a "neutral" rating on shares of Alphabet in a research note on Wednesday, May 20th. Finally, The Goldman Sachs Group increased their price objective on shares of Alphabet from $400.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $413.13.

Insider Activity

In related news, Director Frances Arnold sold 102 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $381.00, for a total transaction of $38,862.00. Following the sale, the director directly owned 18,721 shares of the company's stock, valued at approximately $7,132,701. This represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction on Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the sale, the director owned 2,531 shares in the company, valued at approximately $995,341.06. This represents a 29.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 151,523 shares of company stock valued at $4,863,526. 11.61% of the stock is currently owned by company insiders.

Alphabet Stock Down 0.5%

Shares of GOOGL opened at $343.71 on Friday. Alphabet Inc. has a 52 week low of $169.94 and a 52 week high of $408.61. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The company 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 stock's 50-day moving average price is $368.94 and its 200-day moving average price is $332.85.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. On average, sell-side analysts predict that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

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

Key Stories Impacting 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.

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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