waypoint wealth counsel Sells 4,205 Shares of Alphabet Inc. $GOOG

waypoint wealth counsel lowered its holdings in Alphabet Inc. (NASDAQ:GOOG) by 50.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,178 shares of the information services provider’s stock after selling 4,205 shares during the quarter. Alphabet accounts for about 0.6% of waypoint wealth counsel’s investment portfolio, making the stock its 23rd biggest holding. waypoint wealth counsel’s holdings in Alphabet were worth $1,198,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GOOG. Walleye Partners LLC bought a new position in Alphabet during the first quarter valued at approximately $209,000. 3Chopt Investment Partners LLC grew its position in Alphabet by 2.1% in the 1st quarter. 3Chopt Investment Partners LLC now owns 47,767 shares of the information services provider’s stock worth $13,702,000 after purchasing an additional 986 shares during the period. Three Magnolias Financial Advisors LLC grew its position in Alphabet by 1.4% in the 1st quarter. Three Magnolias Financial Advisors LLC now owns 7,101 shares of the information services provider’s stock worth $2,037,000 after purchasing an additional 101 shares during the period. Asset Allocation Strategies LLC raised its stake in Alphabet by 3.2% during the 1st quarter. Asset Allocation Strategies LLC now owns 1,219 shares of the information services provider’s stock valued at $350,000 after buying an additional 38 shares during the last quarter. Finally, McLean Asset Management Corp raised its stake in Alphabet by 0.6% during the 1st quarter. McLean Asset Management Corp now owns 6,093 shares of the information services provider’s stock valued at $1,748,000 after buying an additional 39 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the transaction, the director directly owned 1,481 shares in the company, valued at $545,941.03. This represents a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frances Arnold sold 112 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total transaction of $39,343.36. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 160,465 shares of company stock worth $8,020,511 in the last 90 days. Insiders own 12.99% of the company’s stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s core AI and cloud story remains strong, with new commentary pointing to continued enterprise adoption, including Google Cloud’s expanding role in financial services and other large customers. Reuters: Google disrupts NetNut proxy network used in malware operations
• Positive Sentiment: Several market updates remain bullish on Alphabet’s growth profile, highlighting strong earnings momentum, AI infrastructure investment, and favorable analyst sentiment with multiple buy ratings and elevated price targets.
• Positive Sentiment: Google Cloud is gaining traction in enterprise AI, including a new deal with Jack Henry, which supports the view that Alphabet can keep growing beyond search and advertising. Zacks: GOOGL’s AI Cloud Strategy Gets a Boost From Jack Henry
• Neutral Sentiment: Alphabet exceeded its $1 billion Africa investment target, a strategically positive move for long-term expansion but not likely a near-term earnings driver. Reuters: Google has exceeded $1 billion Africa investment target
• Negative Sentiment: The biggest drag on GOOG today is the EU antitrust setback, which could keep regulators focused on Alphabet’s search, Android, and shopping businesses. Reuters: EU top court dismisses Google fight against record €4.1 billion EU antitrust fine
• Negative Sentiment: Investors are also watching Alphabet’s heavy AI capex and compute constraints, which could pressure margins if spending stays elevated. Yahoo Finance: Alphabet Is Limiting Gemini AI Access As Cloud Capacity Tightens
• Negative Sentiment: Recent insider selling by Alphabet executives, while modest, may add a little caution to sentiment. SEC filing: Alphabet insider transaction

Alphabet Stock Performance

NASDAQ:GOOG opened at $356.18 on Friday. 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 50-day simple moving average of $367.94 and a two-hundred day simple moving average of $333.16. The firm has a market capitalization of $4.32 trillion, a PE ratio of 27.17, a P/E/G ratio of 1.53 and a beta of 1.23. Alphabet Inc. has a 52-week low of $173.88 and a 52-week high of $404.47.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter last year, the company earned $2.81 earnings per share. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. Analysts forecast that Alphabet Inc. will post 14.32 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s payout ratio is currently 6.71%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GOOG shares. Freedom Capital downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. TD Cowen upped their price objective on Alphabet from $450.00 to $475.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. KeyCorp reissued an “overweight” rating on shares of Alphabet in a report on Wednesday, May 20th. Raymond James Financial reissued a “strong-buy” rating and issued a $425.00 target price on shares of Alphabet in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $450.00 price target on shares of Alphabet in a research note on Thursday, May 21st. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $376.19.

Alphabet Profile

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.