Strategic Wealth Investment Group LLC Lowers Stock Holdings in Alphabet Inc. $GOOGL

Key Points

• Strategic Wealth Investment Group reduced its Alphabet stake by 6.9% in the second quarter, selling 3,450 shares and retaining 46,826 shares valued at approximately $16.7 million.
• Alphabet reported strong quarterly results, with EPS of $9.11 versus the $2.89 consensus and revenue of $119.8 billion, ahead of expectations. Analysts maintain a consensus “Buy” rating with an average price target of $420.19.
• Alphabet declared a quarterly dividend of $0.22 per share, equivalent to an annualized $0.88 payout and a 0.3% yield, while recent company developments include expanded AI infrastructure commitments and regulatory progress for Waymo robotaxis.

Strategic Wealth Investment Group LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,826 shares of the information services provider's stock after selling 3,450 shares during the period. Alphabet makes up approximately 2.0% of Strategic Wealth Investment Group LLC's portfolio, making the stock its 14th biggest holding. Strategic Wealth Investment Group LLC's holdings in Alphabet were worth $16,734,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of GOOGL. EMC Capital Management purchased a new position in Alphabet during the fourth quarter worth about $33,000. Lifetime Wealth Management P.C. purchased a new stake in Alphabet in the 4th quarter valued at approximately $32,000. IFC & Insurance Marketing Inc. purchased a new stake in Alphabet in the 4th quarter valued at approximately $38,000. Bard Associates Inc. acquired a new position in Alphabet during the 4th quarter worth approximately $52,000. Finally, Uniplan Investment Counsel Inc. acquired a new position in Alphabet during the 4th quarter worth approximately $65,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

GOOGL opened at $344.82 on Monday. Alphabet Inc. has a 1-year low of $201.30 and a 1-year high of $408.61. The stock has a market cap of $4.22 trillion, a P/E ratio of 17.32, a P/E/G ratio of 0.97 and a beta of 1.24. The stock's 50 day simple moving average is $352.00 and its 200 day simple moving average is $341.35. 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:GOOGL - 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, topping the consensus estimate of $2.89 by $6.22. The firm had revenue of $119.80 billion during 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 anticipate that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders 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 dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is currently 4.42%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Rosenblatt upgraded Alphabet to “strong buy” and reiterated a $410 price target, implying substantial upside and reinforcing the bullish view following Alphabet’s strong earnings report. Alphabet upgraded by Rosenblatt Securities
• Positive Sentiment: Alphabet’s AI spending continues to attract major customers and suppliers. Marvell’s custom-chip agreement includes a warrant structure that would require up to $120 billion of cumulative purchases from Google for full vesting, signaling the potentially enormous scale of Alphabet’s TPU and AI infrastructure buildout. Google’s Marvell warrant
• Positive Sentiment: Waymo received approval to operate up to thousands of commercial robotaxis in Nevada and opened its lower-cost next-generation vehicle to riders in Los Angeles, Phoenix, and San Francisco. Lower production and operating costs could improve the long-term economics of Alphabet’s autonomous-driving unit. Waymo Nevada robotaxi approval
• Positive Sentiment: Alphabet’s earnings momentum remains a support for the stock. The company recently exceeded consensus estimates for both adjusted earnings and revenue, while analysts and prominent investors—including Berkshire Hathaway—continue to highlight Alphabet’s AI positioning and valuation.

Insider Transactions at Alphabet

In related news, CAO Marsida Saraci sold 449 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the sale, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Kent Walker sold 8,998 shares of the firm's stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider owned 75,290 shares of the company's stock, valued at $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 451,945 shares of company stock worth $12,382,714. Corporate insiders own 11.61% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GOOGL. New Street Research raised their price target on Alphabet from $450.00 to $455.00 and gave the company a "buy" rating in a report on Friday, June 5th. Roth Capital reaffirmed a "buy" rating and set a $440.00 price objective (up from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Jefferies Financial Group reiterated a "buy" rating on shares of Alphabet in a research report on Monday, June 22nd. Citizens Jmp reissued a "market outperform" rating and issued a $515.00 target price on shares of Alphabet in a report on Wednesday, July 22nd. Finally, Daiwa Securities Group boosted their target price on shares of Alphabet from $380.00 to $445.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Six 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $420.19.

Alphabet 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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