Inlet Private Wealth LLC Sells 3,600 Shares of Alphabet Inc. $GOOGL

Key Points

• Inlet Private Wealth LLC cut its Alphabet stake by 13.8%, selling 3,600 shares and now holds 22,571 shares worth about $7.07 million, representing 1.6% of its portfolio and its 20th‑largest position.
• Alphabet beat quarterly estimates (EPS $2.82 vs. $2.57; revenue $113.8B vs. $111.2B), recently paid a $0.21 quarterly dividend, and its shares trade near a one‑year high with a market cap of about $4.13 trillion.
• Analysts have raised price targets (DBS and Jefferies to $400) and the consensus rating is a "Moderate Buy" with a consensus price target of $368.25, supported by AI/cloud momentum and data‑center deals but weighed by EU regulatory risk and potential 2026 capex/energy pressure on margins.

Inlet Private Wealth LLC cut its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 13.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,571 shares of the information services provider's stock after selling 3,600 shares during the period. Alphabet comprises 1.6% of Inlet Private Wealth LLC's portfolio, making the stock its 20th biggest position. Inlet Private Wealth LLC's holdings in Alphabet were worth $7,065,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its position in Alphabet by 1.8% during the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock valued at $40,524,841,000 after purchasing an additional 4,008,374 shares in the last quarter. Capital World Investors raised its position in Alphabet by 28.0% during the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock valued at $12,910,542,000 after purchasing an additional 11,605,785 shares in the last quarter. Capital Research Global Investors raised its position in Alphabet by 15.7% during the 3rd quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider's stock valued at $12,333,076,000 after purchasing an additional 6,874,381 shares in the last quarter. Invesco Ltd. raised its position in Alphabet by 2.3% during the 3rd quarter. Invesco Ltd. now owns 45,186,112 shares of the information services provider's stock valued at $10,984,744,000 after purchasing an additional 1,034,292 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Alphabet by 1.0% during the 3rd quarter. Legal & General Group Plc now owns 39,250,829 shares of the information services provider's stock valued at $9,541,877,000 after purchasing an additional 392,547 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet Stock Up 1.7%

Shares of GOOGL stock opened at $341.68 on Friday. Alphabet Inc. has a 1-year low of $146.10 and a 1-year high of $349.00. The stock's fifty day moving average price is $306.82 and its 200 day moving average price is $301.36. 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 company has a market cap of $4.13 trillion, a price-to-earnings ratio of 31.61, a price-to-earnings-growth ratio of 2.07 and a beta of 1.12.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.25. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. On average, research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: DBS raised its price target on Alphabet to $400 and reiterated a Buy rating, signaling incremental analyst conviction and potential upside from AI and cloud growth. DBS Bank adjusts price target on Alphabet to $400 from $360; maintains buy rating
• Positive Sentiment: An analyst upgrade was reported today, supporting the stock’s rally by boosting short‑term investor sentiment. Alphabet NASDAQ: GOOGL Stock Price Up 1.3% on Analyst Upgrade
• Positive Sentiment: Alphabet secured a long‑term power supply deal for a large Indiana data center with NiSource, reducing energy supply uncertainty for Cloud/data‑center expansion. NiSource signs long-term power deal with Alphabet, expands Amazon agreement
• Positive Sentiment: Product/AI momentum: Google is rolling out photo integration to Gemini (and Nano Banana), which strengthens consumer AI features and engagement pathways that can feed monetization. Google will let users connect their photos to the Gemini chatbot and Nano Banana
• Neutral Sentiment: Speculative models predict further upside into month‑end, but machine‑learning forecasts are noisy and should be treated as sentiment indicators rather than fundamentals. Machine learning algorithm predicts Google stock price on April 30, 2026
• Neutral Sentiment: Alphabet is reportedly in talks with the U.S. Department of Defense on deploying Gemini in classified settings — a potential revenue/strategic win but with contractual/clearing complexities. Google, Pentagon discuss classified AI deal, the Information reports
• Neutral Sentiment: Zacks and other outlets continue to flag Alphabet as a long‑term growth name given AI and cloud leadership; useful for conviction but already priced into the rally. Why Alphabet (GOOGL) is a Top Growth Stock for the Long-Term
• Negative Sentiment: Regulatory risk: the European Commission has outlined measures under the DMA that would force Google to share search and AI chat data with rivals — this could pressure search advantage and ad economics in Europe. Google should allow third-party search engines access to data, EU says
• Negative Sentiment: Cost and margin risks: analysts warn that 2026 capex, higher depreciation and energy costs could squeeze margins and free cash flow even as revenue growth from AI/cloud accelerates. Alphabet Shares Rise 7% YTD: Buy, Sell, or Hold the GOOGL Stock?

Analyst Upgrades and Downgrades

Several research firms have recently commented on GOOGL. Loop Capital boosted their price target on Alphabet from $320.00 to $355.00 and gave the stock a "buy" rating in a research report on Monday, February 23rd. Dbs Bank boosted their price target on Alphabet from $360.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday. Canaccord Genuity Group set a $415.00 price target on Alphabet in a research report on Thursday, February 5th. Moffett Nathanson boosted their price target on Alphabet from $305.00 to $350.00 and gave the stock a "buy" rating in a research report on Thursday, February 5th. Finally, Jefferies Financial Group boosted their price target on Alphabet from $365.00 to $400.00 and gave the stock a "buy" rating in a research report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $368.25.

Insiders Place Their Bets

In other Alphabet news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the business's stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $19.00, for a total transaction of $35,060,852.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $303.41, for a total value of $318,580.50. Following the sale, the director owned 4,631 shares in the company, valued at approximately $1,405,091.71. The trade was a 18.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,069,794 shares of company stock valued at $104,854,147 in the last 90 days. Corporate insiders own 11.64% of the company's stock.

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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