SeaCrest Wealth Management LLC Sells 5,192 Shares of Alphabet Inc. $GOOGL

SeaCrest Wealth Management LLC cut its stake in Alphabet Inc. (NASDAQ:GOOGL) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,565 shares of the information services provider’s stock after selling 5,192 shares during the quarter. Alphabet comprises approximately 6.3% of SeaCrest Wealth Management LLC’s holdings, making the stock its 2nd largest holding. SeaCrest Wealth Management LLC’s holdings in Alphabet were worth $56,624,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of GOOGL. EMC Capital Management purchased a new stake in shares of Alphabet in the second quarter valued at $35,000. Core Capital Management & Research inc. purchased a new position in shares of Alphabet during the 2nd quarter worth about $41,000. Intelligent Financial Strategies purchased a new position in shares of Alphabet during the 3rd quarter worth about $41,000. Premier Financial Group bought a new position in Alphabet during the 2nd quarter valued at about $45,000. Finally, Van Den Berg Management I Inc. grew its holdings in Alphabet by 319.6% during the 1st quarter. Van Den Berg Management I Inc. now owns 214 shares of the information services provider’s stock valued at $61,000 after purchasing an additional 163 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the sale, the director owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 11.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GOOGL. Wells Fargo & Company reissued an “overweight” rating and issued a $417.00 price objective (up from $411.00) on shares of Alphabet in a research report on Tuesday, October 6th. Needham & Company LLC restated a “buy” rating and set a $450.00 target price on shares of Alphabet in a research report on Thursday, October 8th. Zacks Research cut Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Yorkville Ives started coverage on Alphabet in a report on Monday, October 5th. They issued an “outperform” rating and a $400.00 price target on the stock. Finally, DA Davidson set a $350.00 price target on Alphabet and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Alphabet presently has a consensus rating of “Buy” and an average target price of $425.04.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud growth accelerated: Cloud revenue more than doubled, rising 103% year over year and exceeding expectations. The results suggest Alphabet’s investments in AI infrastructure, cloud capacity and custom TPU chips are generating meaningful demand. Google Cloud Revenue Just Grew 103%, so Why Is the Stock Falling?
• Positive Sentiment: AI monetization opportunities are expanding: Google is rolling out AI Search ads internationally, opening its AI experiences to more third-party apps, and reportedly attracting interest from OpenAI for its TPU chips. These developments could diversify Alphabet’s revenue and strengthen its position against Nvidia in AI infrastructure. Google expands AI Search ads globally as core ad growth slows
• Neutral Sentiment: New Gemini 4 Carbon launch: Google introduced a cybersecurity-focused AI model that received positive attention from Elon Musk. The launch supports Alphabet’s long-term AI strategy, but its near-term financial contribution remains uncertain. Google launches Gemini 4 Carbon AI model with cybersecurity focus
• Negative Sentiment: Quarterly results missed estimates: Alphabet reported adjusted earnings of $2.12 per share, below consensus estimates ranging from $2.94 to $3.02. Revenue of $127.6 billion also fell short of expectations near $128.2 billion, while profit declined from the prior year. Alphabet Q3 Earnings and Revenues Miss Estimates
• Negative Sentiment: Cash flow is the main concern: Free cash flow fell as Alphabet spent heavily on data centers, cloud capacity and AI research. Investors are concerned that the rapid expansion may pressure returns and limit buybacks, even as cloud revenue grows quickly. Alphabet’s free cash flow sinks further
• Negative Sentiment: Advertising momentum was mixed: YouTube advertising revenue rose 9% to $11.2 billion but missed the $11.43 billion analyst estimate, while broader search-ad growth slowed. South Korea also imposed an app-market fine, adding to regulatory pressure.

Alphabet Trading Up 1.3%

GOOGL stock opened at $324.89 on Thursday. Alphabet Inc. has a 12 month low of $267.67 and a 12 month high of $408.61. The firm’s 50-day moving average is $341.50 and its 200 day moving average is $340.66. The company has a market capitalization of $3.97 trillion, a PE ratio of 16.32, a P/E/G ratio of 0.92 and a beta of 1.21. 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) last released its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.02 by ($0.90). The company had revenue of $127.58 billion during the quarter, compared to analysts’ expectations of $127.96 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, research analysts anticipate that Alphabet Inc. will post 20.60 EPS for the current year.

Alphabet Company Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.