Western Wealth Management LLC Sells 2,100 Shares of Alphabet Inc. $GOOGL

Key Points

• Western Wealth Management reduced its Alphabet position by 2,100 shares, or 1.9%, in the second quarter, retaining 106,320 shares valued at approximately $38.0 million. Institutional investors collectively own 40.03% of Alphabet.
• Alphabet is accelerating AI infrastructure investment, including at least $15 billion in Finnish data centers and a long-term nuclear-power agreement, while partnering with Accenture to expand enterprise AI-agent adoption. Investors remain concerned that elevated AI spending could pressure free cash flow and returns.
• Alphabet reported quarterly revenue of $119.8 billion and EPS of $9.11, exceeding analyst estimates. Analysts maintain a consensus “Buy” rating with an average price target of $420.19, compared with a recent share price of $332.60.

Western Wealth Management LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,320 shares of the information services provider's stock after selling 2,100 shares during the quarter. Alphabet accounts for 1.2% of Western Wealth Management LLC's holdings, making the stock its 12th largest holding. Western Wealth Management LLC's holdings in Alphabet were worth $37,996,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Strategic Wealth Advisors LLC grew its holdings in Alphabet by 6.0% during the 1st quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock worth $137,000 after acquiring an additional 27 shares in the last quarter. Rockbridge Investment Management LCC increased its position in Alphabet by 0.5% during the 1st quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider's stock valued at $1,570,000 after purchasing an additional 27 shares during the period. Ruggaard & Associates LLC raised its holdings in shares of Alphabet by 0.9% in the 1st quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider's stock valued at $840,000 after purchasing an additional 27 shares in the last quarter. Cadia Private Client LLC raised its holdings in shares of Alphabet by 1.1% in the 1st quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider's stock valued at $744,000 after purchasing an additional 28 shares in the last quarter. Finally, Evansbrook LLC lifted its position in shares of Alphabet by 0.3% in the 1st quarter. Evansbrook LLC now owns 9,522 shares of the information services provider's stock worth $2,738,000 after purchasing an additional 28 shares during the period. Institutional investors own 40.03% of the company's stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google announced plans to invest at least €13 billion (about $15 billion) in AI infrastructure and data centers in Finland over the next two years. The investment should expand capacity for Gemini, Search, Maps and YouTube while positioning Finland as a strategic, cooler-cost data-center hub. Google to invest $15 billion AI infrastructure in Finland
• Positive Sentiment: Alphabet agreed to purchase a large share of a Finnish nuclear plant’s output through 2049. The long-term contract could make electricity costs more predictable and strengthen Google’s ability to power energy-intensive AI operations. Google nuclear power agreement
• Positive Sentiment: Accenture and Google Cloud are creating a group with 1,000 engineers to help customers deploy AI agents. The arrangement could accelerate enterprise adoption of Google Cloud and support future cloud revenue growth. Accenture and Google AI partnership
• Positive Sentiment: Analysts and market commentary remain constructive on Alphabet’s AI, cloud and quantum-computing exposure. Recent coverage also points to strong prior earnings and valuation support after the stock pulled back from its highs. Hyperscalers bet on AI and quantum
• Neutral Sentiment: Google introduced an easier Android password-manager migration process and agreed to buy one million rice-methane carbon credits from India’s Mitti Labs. These moves may support ecosystem engagement and sustainability goals but are unlikely to materially affect near-term financial results. Google Android password manager update
• Negative Sentiment: Investors remain concerned that heavy AI infrastructure spending will pressure free cash flow and returns on invested capital, despite strong Google Cloud growth. Alphabet ROIC and AI capital spending
• Negative Sentiment: Meta’s new paid AI agent, Muse, raised concerns that autonomous agents could bypass traditional search pages and reduce search advertising opportunities. Cathie Wood’s ARK Invest also reduced its Alphabet position while buying Meta shares, adding a negative sentiment signal. Meta Muse AI agent and Alphabet shares
• Negative Sentiment: Finnish opposition parties warned that Google’s expansion could strain local power supplies and raise energy prices, creating potential permitting and execution risks for the planned data-center buildout. Finland power-supply concerns

Insider Activity at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Walker sold 8,998 shares of the business's stock in a transaction on 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 sale, the insider directly owned 75,290 shares in the company, valued at $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 451,925 shares of company stock worth $12,371,544. 11.61% of the stock is owned by company insiders.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $332.60 on Friday. Alphabet Inc. has a fifty-two week low of $235.84 and a fifty-two week high of $408.61. The company has a market cap of $4.07 trillion, a PE ratio of 16.71, a P/E/G ratio of 0.96 and a beta of 1.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The business has a 50-day simple moving average of $347.18 and a two-hundred day simple moving average of $343.69.

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 (EPS) for the quarter, beating the consensus estimate of $2.89 by $6.22. The firm had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. As a group, equities analysts expect that Alphabet Inc. will post 20.5 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's payout ratio is currently 4.42%.

Analyst Ratings Changes

GOOGL has been the topic of a number of recent research reports. Morgan Stanley set a $400.00 price objective on shares of Alphabet and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Phillip Securities raised shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $450.00 target price on shares of Alphabet in a research report on Wednesday, June 3rd. Truist Financial set a $420.00 target price on Alphabet and gave the company a "buy" rating in a research report on Thursday, July 23rd. Finally, HSBC reiterated a "buy" rating and issued a $420.00 price target (down from $435.00) on shares of Alphabet in a report on Tuesday, June 2nd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $420.19.

Alphabet Company Profile

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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