Integrated Investment Consultants LLC Sells 4,237 Shares of Alphabet Inc. $GOOGL

Key Points

• Integrated Investment Consultants LLC reduced its Alphabet stake by 16.4% in the fourth quarter, selling 4,237 shares and leaving it with 21,638 shares worth about $6.77 million.
• Wall Street sentiment remains constructive: several analysts raised price targets, and Alphabet now carries an average “Moderate Buy” rating with a consensus target price of $413.13.
• Recent headlines are mixed, with positives around AI investment, Berkshire Hathaway reportedly increasing its position, and strong earnings, but negatives include talent departures from DeepMind, a Waymo robotaxi recall, and renewed regulatory scrutiny in the UK.

Integrated Investment Consultants LLC trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 16.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,638 shares of the information services provider's stock after selling 4,237 shares during the quarter. Alphabet makes up about 1.3% of Integrated Investment Consultants LLC's portfolio, making the stock its 19th largest holding. Integrated Investment Consultants LLC's holdings in Alphabet were worth $6,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. hemming& Wealth Management Inc. bought a new position in Alphabet in the fourth quarter valued at about $476,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Alphabet by 293.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 19,248 shares of the information services provider's stock worth $6,025,000 after purchasing an additional 14,354 shares during the last quarter. Cogent Strategic Wealth LLC bought a new stake in shares of Alphabet during the fourth quarter worth about $427,000. Reflection Asset Management acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $2,963,000. Finally, CFO Capital Management LLC acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $2,880,000. Institutional investors own 40.03% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Bank of America lifted their target price on shares of Alphabet from $370.00 to $430.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Wells Fargo & Company restated an "overweight" rating and issued a $435.00 price target (up from $427.00) on shares of Alphabet in a research report on Wednesday, May 20th. BMO Capital Markets raised their price target on shares of Alphabet from $410.00 to $435.00 and gave the company an "outperform" rating in a research note on Thursday, April 30th. Phillip Securities lifted their price target on shares of Alphabet from $340.00 to $395.00 and gave the stock a "moderate buy" rating in a report on Wednesday, April 15th. Finally, Morgan Stanley lifted their price target on shares of Alphabet from $330.00 to $375.00 and gave the stock an "overweight" rating in a report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $413.13.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is being viewed as a major AI winner thanks to ongoing investment in AI infrastructure and data centers, which could support future cloud and AI revenue growth. Article Title
• Positive Sentiment: Reports that Berkshire Hathaway nearly tripled its Alphabet position may be seen as a strong vote of confidence from a major long-term investor. Article Title
• Positive Sentiment: Coverage emphasizing Alphabet’s strong earnings and expanding Google Cloud backlog supports the case for continued fundamental improvement. Article Title
• Neutral Sentiment: Alphabet’s stock is drawing increased investor attention and analyst commentary, but these are mostly sentiment-driven mentions rather than new company-specific catalysts. Article Title
• Negative Sentiment: Noam Shazeer, a top Google DeepMind/Gemini AI leader, is leaving for OpenAI, underscoring the competitive AI talent war. Article Title
• Negative Sentiment: John Jumper is also departing Google DeepMind for Anthropic, adding to concerns that Alphabet may be losing key AI researchers. Article Title
• Negative Sentiment: Waymo’s recall of nearly 3,900 robotaxis after construction-zone driving errors raises safety and regulatory concerns for Alphabet’s autonomous vehicle business. Article Title
• Negative Sentiment: The UK ordering Google to improve search-ranking transparency highlights continued regulatory scrutiny over its core search business. Article Title

Alphabet Stock Performance

NASDAQ:GOOGL opened at $368.48 on Monday. The company has a market capitalization of $4.46 trillion, a PE ratio of 28.11, a P/E/G ratio of 1.57 and a beta of 1.23. The company has a 50 day simple moving average of $367.04 and a two-hundred day simple moving average of $332.07. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. Alphabet Inc. has a fifty-two week low of $162.00 and a fifty-two week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $2.47. The firm had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Research analysts anticipate that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were paid a dividend of $0.22 per share. This is a boost from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Monday, June 8th. Alphabet's payout ratio is 6.71%.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 8,993 shares of the stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the sale, the insider directly owned 51,808 shares in the company, valued at approximately $14,293,309.12. This trade represents a 14.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $381.00, for a total value of $38,862.00. Following the completion of the transaction, the director directly owned 18,721 shares of the company's stock, valued at approximately $7,132,701. This trade represents a 0.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 160,516 shares of company stock valued at $7,344,604 over the last quarter. Company insiders own 11.61% of the company's stock.

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.

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