Prestige Wealth Management Group LLC Sells 3,911 Shares of Alphabet Inc. $GOOGL

Key Points

• Prestige Wealth Management Group reduced its Alphabet stake by 15.2%, selling 3,911 shares and retaining 21,896 shares valued at approximately $6.3 million. Institutional investors collectively own 40.03% of GOOGL.
• Wall Street remains bullish, with a consensus “Buy” rating and an average price target of $419.86; several analysts recently raised their targets as high as $450.
• Alphabet reported a strong quarter, with $119.8 billion in revenue and $9.11 in EPS, but investors are weighing the benefits of AI growth against substantial infrastructure spending, projected capital expenditures of up to $205 billion in 2026, and recent insider selling.

Prestige Wealth Management Group LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 15.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,896 shares of the information services provider's stock after selling 3,911 shares during the quarter. Alphabet comprises about 1.2% of Prestige Wealth Management Group LLC's investment portfolio, making the stock its 18th biggest holding. Prestige Wealth Management Group LLC's holdings in Alphabet were worth $6,297,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GOOGL. Strategic Wealth Advisors LLC boosted its holdings in Alphabet by 6.0% in the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock worth $137,000 after purchasing an additional 27 shares during the last quarter. Midwest Professional Planners LTD. raised its stake in Alphabet by 1.2% during the 1st quarter. Midwest Professional Planners LTD. now owns 2,364 shares of the information services provider's stock valued at $680,000 after buying an additional 29 shares during the last quarter. Symmetry Partners LLC raised its stake in Alphabet by 0.4% during the 4th quarter. Symmetry Partners LLC now owns 7,912 shares of the information services provider's stock valued at $2,476,000 after buying an additional 30 shares during the last quarter. Private Wealth Management Group LLC raised its stake in Alphabet by 1.2% during the 1st quarter. Private Wealth Management Group LLC now owns 2,540 shares of the information services provider's stock valued at $730,000 after buying an additional 30 shares during the last quarter. Finally, SKY Mountain Capital Management Inc. lifted its holdings in shares of Alphabet by 1.1% during the 1st quarter. SKY Mountain Capital Management Inc. now owns 2,791 shares of the information services provider's stock valued at $803,000 after buying an additional 30 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GOOGL shares. CICC Research raised their price target on Alphabet from $388.00 to $407.91 and gave the stock an "outperform" rating in a research note on Friday, May 1st. Needham & Company LLC reiterated a "buy" rating and set a $450.00 price objective on shares of Alphabet in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Alphabet in a report on Tuesday, April 28th. BNP Paribas Exane raised their target price on Alphabet from $390.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group boosted their price target on Alphabet from $400.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Six equities research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Alphabet has a consensus rating of "Buy" and an average target price of $419.86.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the transaction, the director owned 1,481 shares of the company's stock, valued at $545,941.03. This trade represents a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the transaction, the insider directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 600,547 shares of company stock valued at $16,255,540 over the last quarter. 11.61% of the stock is currently owned by company insiders.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s custom Tensor Processing Units (TPUs) are increasingly viewed as credible alternatives to Nvidia chips. That could reduce Google’s dependence on external suppliers and create a potential external chip-revenue opportunity. Alphabet and Amazon custom AI chips
• Positive Sentiment: Recent commentary highlights Alphabet’s record quarter, strong Google Cloud growth, Gemini adoption and enterprise AI demand. Analysts and value-focused investors continue to view GOOGL as comparatively inexpensive among large technology and AI companies. Alphabet AI investment and valuation
• Positive Sentiment: Google is reportedly supporting a $15 billion Anthropic data-center project with chips and financial guarantees, while Oracle is expanding its partnership to bring Gemini models to enterprise applications. These initiatives could drive Google Cloud demand and strengthen Alphabet’s AI ecosystem. Anthropic data center backed by Google
• Neutral Sentiment: Alphabet’s reported quarterly earnings and revenue beat consensus estimates by wide margins, supporting the fundamental case, although investors remain focused on whether AI growth will translate into sufficient cash returns.
• Negative Sentiment: Alphabet withdrew its Google Earth AI image-generation feature only one day after launch following criticism that fabricated imagery could spread misinformation. The quick reversal limits immediate product risk but raises questions about AI governance and rollout discipline. Google Earth AI feature withdrawn
• Negative Sentiment: The AI buildout is becoming increasingly expensive. Alphabet is targeting up to $205 billion in 2026 capital expenditures, while rising memory and infrastructure costs are pressuring cash flow and increasing future depreciation. AI buildout costs and cash flow
• Negative Sentiment: Recent insider sales were small relative to the executives’ remaining holdings, but they provide a modest sentiment headwind. Separately, investor-law-firm investigations could create additional legal and reputational overhang. Alphabet director stock sale

Alphabet Trading Up 6.7%

Shares of GOOGL stock opened at $356.13 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The company has a market cap of $4.36 trillion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.00 and a beta of 1.24. Alphabet Inc. has a 1 year low of $187.82 and a 1 year high of $408.61. The firm has a fifty day moving average price of $357.79 and a 200-day moving average price of $339.30.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. The company had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. As a group, equities analysts predict that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be given a $0.22 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet's dividend payout ratio is presently 4.42%.

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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