Elite Wealth Management Inc. Sells 3,184 Shares of Alphabet Inc. $GOOG

Elite Wealth Management Inc. lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 20.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,259 shares of the information services provider's stock after selling 3,184 shares during the period. Alphabet comprises 1.1% of Elite Wealth Management Inc.'s portfolio, making the stock its 20th largest holding. Elite Wealth Management Inc.'s holdings in Alphabet were worth $3,517,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOG. Imprint Wealth LLC acquired a new stake in shares of Alphabet during the 3rd quarter valued at about $31,000. Nvest Wealth Strategies Inc. bought a new stake in Alphabet in the fourth quarter valued at about $38,000. Lifetime Wealth Management P.C. acquired a new position in Alphabet in the fourth quarter worth about $38,000. Bard Associates Inc. bought a new position in Alphabet during the fourth quarter worth about $41,000. Finally, Towne Trust Company N.A lifted its stake in Alphabet by 34.0% during the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock worth $42,000 after purchasing an additional 34 shares during the period. Institutional investors own 27.26% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Strong fundamentals are supporting the rebound. Alphabet’s latest quarter featured 24.2% revenue growth, an EPS beat, and an 82% year-over-year increase in Google Cloud revenue. Analysts and investors argue that AI adoption, Search resilience, YouTube growth, and improving cloud profitability can eventually justify the company’s large infrastructure investments. Alphabet: Buy The Capex-Caused Decline
• Positive Sentiment: Analyst and institutional backing remains constructive. Phillip Securities upgraded Alphabet to “strong buy,” while KeyCorp modestly raised its FY2028 EPS estimate. Asset Management One also added approximately 117,000 GOOGL shares, signaling continued institutional confidence despite recent volatility. Alphabet upgrade
• Positive Sentiment: YouTube expanded its monetization ecosystem. A multiyear agreement will bring Peacock content, including sports and entertainment programming, to YouTube Premium subscribers in the United States, potentially strengthening engagement and subscription value. YouTube and Peacock deal
• Neutral Sentiment: AI remains both the growth engine and the central debate. More than 1,100 technology employees urged governments to establish stronger AI-safety rules. The issue could increase compliance costs, but coordinated regulation may also benefit large, well-funded platforms such as Google over smaller competitors. AI safety plan
• Negative Sentiment: Capital-spending concerns continue to cap enthusiasm. Alphabet’s roughly $195 billion–$205 billion 2026 capex forecast has pushed free cash flow negative and raised questions about returns on AI infrastructure. Investors are looking for evidence that Cloud growth and AI monetization will outpace the spending burden.
• Negative Sentiment: European legal risks are escalating. Following a $1 billion Digital Markets Act fine, rivals could pursue as much as $10 billion in private damages claims, creating potential financial and operational pressure on Google’s European business. Google European damages claims

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $368.63, for a total transaction of $387,061.50. Following the sale, the director owned 1,481 shares of the company's stock, valued at $545,941.03. This represents a 41.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction dated Friday, June 26th. The shares were 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 owned 27,348 shares of the company's stock, valued at $9,345,358.56. The trade was a 1.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 285,049 shares of company stock worth $10,051,351 in the last 90 days. Corporate insiders own 12.99% of the company's stock.

Alphabet Trading Up 1.8%

GOOG stock opened at $332.60 on Wednesday. The business has a fifty day moving average price of $358.25 and a 200 day moving average price of $337.68. Alphabet Inc. has a fifty-two week low of $188.70 and a fifty-two week high of $404.47. The stock has a market capitalization of $4.03 trillion, a price-to-earnings ratio of 16.71, a P/E/G ratio of 0.95 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $6.24. The firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The business's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.31 EPS. Analysts expect that Alphabet Inc. will post 19.79 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently commented on GOOG. Rosenblatt Securities set a $393.00 price target on Alphabet in a research note on Thursday, July 23rd. Wedbush assumed coverage on Alphabet in a research note on Thursday, July 16th. They set an "outperform" rating and a $445.00 price objective for the company. Roth Capital lifted their price objective on Alphabet from $435.00 to $440.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. TD Cowen reaffirmed a "buy" rating and issued a $475.00 target price on shares of Alphabet in a report on Thursday, July 23rd. Finally, DA Davidson dropped their target price on shares of Alphabet from $375.00 to $350.00 and set a "neutral" rating for the company in a research report on Thursday, July 23rd. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $410.09.

Alphabet 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.

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.