Gibbs Wealth Management Sells 3,813 Shares of Alphabet Inc. $GOOGL

Key Points

• Gibbs Wealth Management sold 3,813 shares of Alphabet in Q4, cutting its stake by 20.4% to 14,834 shares worth $4.87 million, which is about 1.2% of the firm's portfolio and its 19th largest holding.
• Company insiders have been selling recently — CEO Sundar Pichai sold 32,500 shares (≈$10.9M) and insiders have offloaded 2,037,294 shares valued at about $94.2M over the last 90 days, though insiders still own roughly 11.64% of the stock.
• Alphabet is building AI/Cloud momentum—announcing 8th‑gen TPUs, the Gemini Enterprise Agent Platform and a $750M partner fund with large deals like Merck's up-to-$1B commitment—while multiple analysts have raised targets, leaving a consensus rating of Moderate Buy and a $369.67 average price target.

Gibbs Wealth Management cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 20.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,834 shares of the information services provider's stock after selling 3,813 shares during the period. Alphabet accounts for about 1.2% of Gibbs Wealth Management's investment portfolio, making the stock its 19th biggest holding. Gibbs Wealth Management's holdings in Alphabet were worth $4,874,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GOOGL. Brighton Jones LLC grew its stake in shares of Alphabet by 3.9% in the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock valued at $20,886,000 after buying an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Alphabet by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock worth $2,826,000 after acquiring an additional 506 shares in the last quarter. Matrix Asset Advisors Inc. NY lifted its stake in Alphabet by 17.6% in the second quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider's stock valued at $685,000 after acquiring an additional 581 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Alphabet by 11.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider's stock valued at $85,557,000 after acquiring an additional 48,805 shares during the period. Finally, United Bank grew its position in shares of Alphabet by 6.9% in the 2nd quarter. United Bank now owns 48,204 shares of the information services provider's stock valued at $8,495,000 after acquiring an additional 3,120 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $335.18, for a total value of $10,893,350.00. Following the transaction, the chief executive officer directly owned 2,179,372 shares of the company's stock, valued at $730,481,906.96. This trade represents a 1.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 955 shares of the business's stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the completion of the transaction, the chief accounting officer owned 9,918 shares of the company's stock, valued at $2,955,564. The trade was a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 2,037,294 shares of company stock valued at $94,216,897 over the last 90 days. 11.64% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on GOOGL. Needham & Company LLC restated a "buy" rating and set a $400.00 price objective on shares of Alphabet in a research note on Wednesday, April 8th. Tigress Financial set a $415.00 price target on Alphabet and gave the stock a "strong-buy" rating in a report on Thursday, February 19th. China Renaissance boosted their price target on Alphabet from $330.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. Canaccord Genuity Group set a $415.00 price objective on Alphabet in a research note on Thursday, February 5th. Finally, Dbs Bank raised their price objective on Alphabet from $360.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $369.67.

Alphabet Stock Down 0.1%

GOOGL stock opened at $338.89 on Friday. Alphabet Inc. has a fifty-two week low of $147.84 and a fifty-two week high of $349.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a market capitalization of $4.10 trillion, a price-to-earnings ratio of 31.35, a PEG ratio of 2.09 and a beta of 1.12. The business's fifty day moving average price is $308.53 and its two-hundred day moving average price is $303.92.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.57 by $0.25. The firm had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. On average, equities analysts anticipate that Alphabet Inc. will post 11.57 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Monday, March 9th. Alphabet's payout ratio is 7.77%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google unveiled two eighth‑generation TPUs (separate chips for training and inference), a move that could lower AI infrastructure costs and help Google Cloud compete with Nvidia. This product push underpins revenue and margin upside in cloud/AI services. Google Cloud launches two new AI chips to compete with Nvidia
• Positive Sentiment: Alphabet amplified its enterprise AI strategy at Cloud Next — launching the Gemini Enterprise Agent Platform and a $750M partner fund to accelerate agentic AI adoption. That accelerates monetization paths for AI in Google Cloud. Google makes an interesting choice with its new agent building tool for enterprises
• Positive Sentiment: Large commercial deals are following: Merck committed up to $1B to use Google Cloud and Gemini Enterprise, validating enterprise demand and multiyear revenue potential for cloud AI services. Merck to partner with Google Cloud on AI initiatives
• Positive Sentiment: Several sell‑side firms raised targets or reiterated bullish views (BMO to $410, UBS up to $375, Cantor to $395, KeyCorp to $380; JPMorgan and BofA reiterated Buy), signaling analyst confidence in Cloud + AI-driven growth ahead of Q1 results. BMO Raises Alphabet’s Target to $410 and Calls It “the Best Way to Own AI”
• Neutral Sentiment: Google is rolling consumer and workplace AI features (Wallet travel updates, Workspace automation, Chrome “auto browse”) that expand product engagement but are longer‑term monetization plays. Google updates Workspace to make AI your new office intern
• Neutral Sentiment: Independent bullish commentary (e.g., investor columns and pundit targets like Jim Cramer) support investor conviction but are opinion‑driven rather than new fundamentals. Jim Cramer sets Google stock price target
• Negative Sentiment: EU regulators are pressuring Google to give rival AI assistants access to Android features — a potential regulatory move that could weaken Android‑centric advantages and complicate Google’s ad/assistant ecosystem. Google Faces New EU Pressure to Give AI Rivals Android Access
• Negative Sentiment: Recent insider selling was reported, which briefly pressured shares; while not necessarily indicative of fundamentals, it can spook short‑term sentiment ahead of earnings. Alphabet Inc. NASDAQ: GOOGL Shares Down 1.2% Following Insider Selling

About Alphabet

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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