Alphabet Inc. $GOOG Shares Sold by WT Wealth Management

WT Wealth Management cut its position in Alphabet Inc. (NASDAQ:GOOG) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,083 shares of the information services provider’s stock after selling 2,184 shares during the quarter. Alphabet accounts for about 2.8% of WT Wealth Management’s holdings, making the stock its 9th biggest holding. WT Wealth Management’s holdings in Alphabet were worth $9,762,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in GOOG. IFS Advisors LLC raised its stake in shares of Alphabet by 400.0% during the second quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 120 shares during the last quarter. Robbins Farley raised its position in Alphabet by 60.0% during the 2nd quarter. Robbins Farley now owns 160 shares of the information services provider’s stock worth $28,000 after purchasing an additional 60 shares during the last quarter. WestEnd Advisors LLC raised its position in Alphabet by 58.7% during the 2nd quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock worth $29,000 after purchasing an additional 61 shares during the last quarter. Fairman Group LLC lifted its holdings in Alphabet by 121.3% during the 2nd quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock worth $31,000 after buying an additional 97 shares during the period. Finally, University of Illinois Foundation bought a new stake in shares of Alphabet in the 2nd quarter valued at about $31,000. 27.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GOOG. HSBC restated a “buy” rating and set a $335.00 price objective on shares of Alphabet in a research report on Thursday, October 30th. Oppenheimer boosted their price target on shares of Alphabet from $300.00 to $345.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. BMO Capital Markets reissued an “outperform” rating and set a $340.00 target price on shares of Alphabet in a research note on Thursday, October 30th. Barclays boosted their target price on shares of Alphabet from $250.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $365.00 price objective on shares of Alphabet in a research note on Monday. Seven equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $316.79.

Alphabet Trading Up 1.1%

NASDAQ:GOOG opened at $326.01 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $3.93 trillion, a price-to-earnings ratio of 32.15, a PEG ratio of 1.78 and a beta of 1.09. The firm has a fifty day simple moving average of $305.95 and a two-hundred day simple moving average of $248.33. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $330.54.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, October 30th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. The company had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.12 EPS. Analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were issued a dividend of $0.21 per share. The ex-dividend date was Monday, December 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s payout ratio is currently 8.28%.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $250.15, for a total transaction of $8,129,875.00. Following the transaction, the chief executive officer owned 2,369,619 shares in the company, valued at approximately $592,760,192.85. This represents a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 17,829 shares of Alphabet stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $314.89, for a total transaction of $5,614,173.81. Following the transaction, the insider owned 42,972 shares of the company’s stock, valued at $13,531,453.08. This represents a 29.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 227,965 shares of company stock valued at $67,495,822 over the last ninety days. 12.99% of the stock is owned by company insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Multiple analyst upgrades and higher price targets — Canaccord raised its GOOGL target to $390 and kept a Buy rating, adding to other recent bullish targets (Cantor, Citizens, Jefferies) that signal upside and help support buying interest. Canaccord Raises PT to $390
• Positive Sentiment: AI product momentum — Google’s Gemini is reportedly taking share from ChatGPT and Gemini-powered features are rolling into Gmail at scale, improving monetization expectations for search, ads and cloud. That supports earnings upside assumptions embedded in higher targets. Gemini Gains Market Share
• Positive Sentiment: Market-cap milestone — Alphabet briefly surpassed Apple to become the world’s No.2 public company by market value, a sign of investor confidence in Alphabet’s AI/cash-flow story and a potential magnet for index/ETF flows. Alphabet Surpasses Apple
• Positive Sentiment: Regulatory relief in EU digital-rule overhaul — Reports say major U.S. tech firms including Alphabet will avoid the strictest proposed EU digital rules, reducing near-term regulatory overhang. Big Tech Spared Strict EU Rules
• Neutral Sentiment: Wiz acquisition awaiting EU decision by Feb. 10 — The $32B Wiz buy is Alphabet’s largest-ever deal; approval would remove a major integration uncertainty, while a blockage would be a setback. Monitor EU outcome. EU to Decide on Wiz Deal by Feb. 10
• Neutral Sentiment: Waymo product/branding updates — Waymo rebranding of its Zeekr robotaxi is a long-term commercial push for autonomous services; relevant for Waymo valuation but limited near-term EPS impact. Waymo Rebrands Robotaxi
• Negative Sentiment: Legal and reputational risk from AI-related lawsuits — Alphabet and Character.AI settled suits tied to alleged harm to minors (including a teen suicide), highlighting regulatory/legal exposure around chatbots. This raises potential costs and reputational concerns. Google, Character.AI Settle Lawsuits
• Negative Sentiment: Insider selling and talent losses — CEO Sundar Pichai disclosed a sale of 32,500 shares; separately, Nvidia hired a Google marketing veteran as CMO. Insider sales and high-profile departures can be watched for sentiment/talent implications. SEC Filing: Pichai Share Sale

About Alphabet

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.