Alphabet Inc. $GOOG Shares Sold by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 140,937 shares of the information services provider’s stock after selling 1,498 shares during the quarter. Alphabet comprises approximately 1.8% of Greenwich Wealth Management LLC’s portfolio, making the stock its 6th largest position. Greenwich Wealth Management LLC’s holdings in Alphabet were worth $49,797,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Readystate Asset Management LP purchased a new position in shares of Alphabet in the second quarter valued at approximately $45,352,000. Auto Owners Insurance Co raised its stake in shares of Alphabet by 38,409.2% in the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock valued at $5,643,262,000 after acquiring an additional 179,369,280 shares in the last quarter. Norges Bank purchased a new position in Alphabet in the fourth quarter valued at $18,093,665,000. Arrowstreet Capital Limited Partnership raised its position in Alphabet by 76.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 14,581,870 shares of the information services provider’s stock valued at $4,182,952,000 after purchasing an additional 6,300,900 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Alphabet by 2.8% in the 2nd quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock valued at $67,458,980,000 after purchasing an additional 5,208,690 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GOOG shares. Morgan Stanley lowered their target price on shares of Alphabet from $415.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. New Street Research decreased their price target on Alphabet from $455.00 to $405.00 and set a “buy” rating for the company in a report on Friday, July 24th. JPMorgan Chase & Co. lowered their price objective on Alphabet from $460.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. DA Davidson dropped their price objective on Alphabet from $375.00 to $350.00 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. Finally, Truist Financial cut their target price on Alphabet from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $419.93.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 82 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $337.71, for a total value of $27,692.22. Following the transaction, the director owned 18,995 shares of the company’s stock, valued at approximately $6,414,801.45. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 441,316 shares of company stock worth $8,648,795. 12.99% of the stock is currently owned by insiders.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts remain constructive on Alphabet’s long-term growth. Piper Sandler raised its price target to $400 and maintained an “overweight” rating, citing potential growth in Google Cloud and TPU-related revenue. Alphabet Price Target Raised
• Positive Sentiment: Google Cloud is expanding rapidly, while Gemini reportedly reaches nearly one billion users. Commentators argue Alphabet has several growth engines and trades at a discount to slower-growing technology rivals. Alphabet Growth Engines Analysis
• Positive Sentiment: Alphabet’s proprietary TPU chips are viewed as a potential competitive advantage in AI infrastructure, with lower costs than Nvidia’s products and possible commercial revenue growth beginning in 2027. Google also continues investing in AI data-center capacity, including a new Texas campus. Alphabet TPU Advantage
• Positive Sentiment: Google’s Gemini AI is being used in the new U.S. government America.gov chatbot, providing a visible commercial and public-sector deployment for Alphabet’s AI platform. America.gov Uses Gemini
• Neutral Sentiment: Alphabet is appealing EU orders requiring Android and Google Search to provide greater access to AI competitors and rival search engines. The company says the requirements could weaken privacy protections and cause irreversible harm, but the appeals leave regulatory uncertainty unresolved. Google Challenges EU Orders
• Negative Sentiment: Investors remain concerned about Alphabet’s European exposure after France proposed using billions of euros in Google fines to reduce EU member-state contributions. The issue reinforces fears of additional penalties and restrictions on Search and Android. France Proposes Using Google Fines
• Negative Sentiment: Memory company Netlist has asked a U.S. trade tribunal to block imports of Micron chips used in AI systems from Google and other companies. Any action could complicate Alphabet’s AI infrastructure supply chain, although the request is not yet an import ban. Netlist Seeks Import Ban

Alphabet Stock Performance

NASDAQ:GOOG traded down $3.03 during trading hours on Tuesday, reaching $336.13. 5,979,014 shares of the company’s stock were exchanged, compared to its average volume of 20,537,109. The company has a 50-day moving average of $341.54 and a 200 day moving average of $344.67. Alphabet Inc. has a 1-year low of $236.68 and a 1-year high of $404.47. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $4.11 trillion, a price-to-earnings ratio of 16.87, a P/E/G ratio of 0.99 and a beta of 1.21.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. During the same quarter in the prior year, the firm earned $2.31 earnings per share. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. Research analysts anticipate that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Dividend Announcement

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

Alphabet Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet’s chief executive officer and also leads Google.

Google is Alphabet’s primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.