Three Seasons Wealth LLC Has $1.31 Million Stake in Alphabet Inc. $GOOGL

Key Points

• Three Seasons Wealth cut its Alphabet stake by 46.5% in the second quarter, selling 3,175 shares and retaining 3,656 shares valued at approximately $1.31 million. Institutional investors collectively own 40.03% of Alphabet.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $420.78. Alphabet recently reported quarterly earnings of $9.11 per share and revenue of $119.80 billion, exceeding analyst expectations.
• Alphabet paid a quarterly dividend of $0.22 per share, equivalent to an annualized $0.88 dividend and a 0.3% yield. The stock recently opened at $342.87, with a 52-week range of $235.84 to $408.61.

Three Seasons Wealth LLC cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 46.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,656 shares of the information services provider's stock after selling 3,175 shares during the period. Three Seasons Wealth LLC's holdings in Alphabet were worth $1,307,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lifetime Wealth Management P.C. acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $32,000. EMC Capital Management acquired a new stake in shares of Alphabet during the fourth quarter worth $33,000. Bard Associates Inc. bought a new stake in shares of Alphabet in the 4th quarter valued at about $52,000. Van Den Berg Management I Inc. raised its holdings in Alphabet by 319.6% in the first quarter. Van Den Berg Management I Inc. now owns 214 shares of the information services provider's stock worth $61,000 after purchasing an additional 163 shares during the period. Finally, Graney & King LLC increased its holdings in shares of Alphabet by 38.5% in the second quarter. Graney & King LLC now owns 180 shares of the information services provider's stock worth $64,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GOOGL shares. Rosenblatt Securities reiterated a "buy" rating and issued a $410.00 price target on shares of Alphabet in a research note on Thursday, September 3rd. Phillip Securities raised Alphabet from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 27th. HSBC restated a "buy" rating and set a $420.00 price objective (down from $435.00) on shares of Alphabet in a research note on Tuesday, June 2nd. BMO Capital Markets set a $465.00 price target on shares of Alphabet and gave the stock an "outperform" rating in a research report on Thursday, July 23rd. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $395.00 price objective (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Alphabet currently has a consensus rating of "Buy" and a consensus price target of $420.78.

Alphabet Price Performance

Shares of GOOGL opened at $342.87 on Thursday. The company has a market capitalization of $4.19 trillion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 1.00 and a beta of 1.22. Alphabet Inc. has a 1 year low of $235.84 and a 1 year high of $408.61. 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 business has a 50-day moving average of $345.59 and a 200-day moving average of $344.63.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. As a group, equities research analysts anticipate that Alphabet Inc. will post 20.52 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were paid a $0.22 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet's payout ratio is currently 4.42%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: A consortium of 10 banks is reportedly providing a $22 billion chip loan to support Crux AI, Alphabet’s new cloud venture with Blackstone. The financing could accelerate data-center capacity and strengthen Alphabet’s position in AI infrastructure. Banks provide $22 billion chip loan to Blackstone, Alphabet cloud venture
• Positive Sentiment: Google is launching agentic commerce tools for retailers ahead of the holiday season, potentially increasing product-discovery activity, advertising demand and merchant adoption of Google’s AI services. Google Debuts Agentic Tools to Prep Retailers for Holidays
• Positive Sentiment: Alphabet agreed to its largest carbon-removal purchase yet through a Brazilian Terradot project. Separately, Google and Nvidia launched an alliance to make AI data centers more flexible and reduce power-grid strain—helpful developments as electricity availability becomes a constraint on AI growth. Google agrees biggest carbon-removal deal yet
• Positive Sentiment: Alphabet could benefit financially from a potential Anthropic IPO through its reported 14% ownership stake, cloud relationship and chip agreements, although the timing and valuation remain uncertain. What the Anthropic IPO Means for Amazon and Alphabet Investors

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 112 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total transaction of $39,343.36. Following the transaction, the director owned 18,833 shares of the company's stock, valued at $6,615,656.24. This represents a 0.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 450,875 shares of company stock worth $11,984,482 over the last three months. 11.61% of the stock is currently owned by company insiders.

About Alphabet

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet's largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.

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