Unique Wealth LLC Trims Stock Position in Alphabet Inc. $GOOGL

Key Points

• Unique Wealth LLC reduced its Alphabet stake by 33.9% in the first quarter, selling 6,771 shares and leaving it with 13,176 shares valued at about $3.79 million.
• Alphabet continues to see strong analyst support, with several firms raising price targets and the stock holding a consensus rating of “Moderate Buy” with an average target of $413.54.
• The company reported solid fundamentals and a higher dividend, including Q1 EPS of $5.11 on $109.9 billion in revenue, plus a quarterly dividend increase to $0.22 per share.

Unique Wealth LLC decreased its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 33.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,176 shares of the information services provider's stock after selling 6,771 shares during the period. Unique Wealth LLC's holdings in Alphabet were worth $3,789,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC increased its position in shares of Alphabet by 3.9% during the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock worth $20,886,000 after purchasing an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Alphabet by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock valued at $2,826,000 after purchasing an additional 506 shares during the last quarter. Matrix Asset Advisors Inc. NY boosted its position in shares of Alphabet by 17.6% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider's stock valued at $685,000 after purchasing an additional 581 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Alphabet by 11.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider's stock valued at $85,557,000 after purchasing an additional 48,805 shares during the period. Finally, United Bank grew its stake in Alphabet by 6.9% during the 2nd quarter. United Bank now owns 48,204 shares of the information services provider's stock worth $8,495,000 after buying an additional 3,120 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Alphabet 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 value of $39,343.36. Following the completion of the transaction, the director directly owned 18,833 shares of the company's stock, valued at approximately $6,615,656.24. This trade represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The SEC filing for this sale provides additional information. Insiders have sold 160,465 shares of company stock valued at $8,020,511 in the last quarter. Insiders own 11.61% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on GOOGL. UBS Group reiterated a "neutral" rating on shares of Alphabet in a research note on Wednesday, May 20th. Arete Research raised their target price on shares of Alphabet from $405.00 to $425.00 and gave the stock a "buy" rating in a research report on Monday, May 18th. New Street Research upped their price target on shares of Alphabet from $450.00 to $455.00 and gave the company a "buy" rating in a research report on Friday, June 5th. Bank of America increased their price target on shares of Alphabet from $370.00 to $430.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group raised their price objective on shares of Alphabet from $400.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $413.54.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud is gaining traction in enterprise AI and banking, with new wins like Jack Henry and Intesa Sanpaolo supporting Alphabet’s cloud growth story. GOOGL's AI Cloud Strategy Gets a Boost From Jack Henry: What's Ahead?
• Positive Sentiment: Analysts and market commentary continue to frame Alphabet as a strong growth and momentum stock, reflecting confidence in earnings and AI-driven upside. Here's Why Alphabet (GOOGL) is a Strong Momentum Stock
• Positive Sentiment: Google’s disruption of a proxy network used in malware operations supports its security reputation and could modestly lift sentiment around the platform. Google disrupts NetNut proxy network used in malware operations
• Positive Sentiment: Commentary around AI shopping and agentic commerce suggests Alphabet’s Gemini ecosystem could become a larger long-term growth catalyst. Agentic Shopping Is Coming. These Stocks Will Ride Walmart's Google AI Bet.
• Neutral Sentiment: Small insider sales by Alphabet executives and directors appear routine and do not by themselves change the stock’s outlook. Alphabet NASDAQ: GOOGL Insider John Kent Walker Sells 8,998 Shares
• Negative Sentiment: The EU court upheld a huge Android antitrust fine, extending Alphabet’s regulatory overhang and keeping legal risk in focus. EU top court dismisses Google fight against record €4.1 billion EU antitrust fine
• Negative Sentiment: Swedish court damages in the comparison-shopping case add another sign that regulators are willing to punish Google’s search and shopping practices. Swedish court orders Google pay $1.46 bn for favoring its price comparisons

Alphabet Trading Down 0.4%

NASDAQ:GOOGL opened at $359.91 on Friday. Alphabet Inc. has a 1 year low of $172.77 and a 1 year high of $408.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a fifty day moving average price of $370.64 and a two-hundred day moving average price of $334.23. The stock has a market capitalization of $4.36 trillion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.54 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. As a group, sell-side analysts anticipate that Alphabet Inc. will post 14.32 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a dividend of $0.22 per share. This is an increase 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 presently 6.71%.

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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