RKL Wealth Management LLC Sells 2,447 Shares of Alphabet Inc. $GOOGL

RKL Wealth Management LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,211 shares of the information services provider’s stock after selling 2,447 shares during the quarter. Alphabet makes up about 1.9% of RKL Wealth Management LLC’s portfolio, making the stock its 12th biggest holding. RKL Wealth Management LLC’s holdings in Alphabet were worth $24,158,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GOOGL. Lifetime Wealth Management P.C. purchased a new position in Alphabet during the fourth quarter worth about $32,000. EMC Capital Management acquired a new position in Alphabet in the 4th quarter valued at about $33,000. Core Capital Management & Research inc. acquired a new position in Alphabet in the 2nd quarter valued at about $41,000. Intelligent Financial Strategies purchased a new stake in shares of Alphabet in the 3rd quarter valued at approximately $41,000. Finally, Premier Financial Group purchased a new stake in shares of Alphabet in the 2nd quarter valued at approximately $45,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Down 1.1%

Shares of GOOGL stock opened at $340.27 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The firm has a market cap of $4.16 trillion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 1.00 and a beta of 1.21. The company has a 50-day moving average of $343.93 and a two-hundred day moving average of $352.57. Alphabet Inc. has a 1-year low of $244.15 and a 1-year high of $408.61.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $6.22. The business 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%. On average, analysts predict that Alphabet Inc. will post 20.55 EPS for the current year.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $425.00 price target on shares of Alphabet in a report on Thursday, July 23rd. Yorkville Ives started coverage on Alphabet in a report on Monday, October 5th. They issued an “outperform” rating and a $400.00 price objective on the stock. DA Davidson set a $350.00 price objective on Alphabet and gave the company a “neutral” rating in a report on Thursday, July 23rd. BMO Capital Markets reiterated an “outperform” rating and issued a $480.00 price objective (up from $465.00) on shares of Alphabet in a research report on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $450.00 target price on shares of Alphabet in a research note on Thursday, October 8th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $426.34.

Insider Transactions at Alphabet

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frances Arnold sold 83 shares of the company’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the transaction, the director owned 19,076 shares in the company, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 402,479 shares of company stock worth $7,946,534. 11.61% of the stock is currently owned by insiders.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analyst support remains strong. BMO Capital raised its Alphabet price target to $480, while other coverage continues to characterize the stock as an attractive growth and value opportunity ahead of the October 28 earnings report. Bank of America expects a modest earnings beat, supported by Google Cloud growth and demand for Alphabet’s custom AI chips. BMO Capital adjusts price target on Alphabet
• Positive Sentiment: AI and emerging businesses continue to expand. Alphabet launched TorchTPU as an open-source PyTorch project, potentially helping developers use Google’s chips instead of Nvidia GPUs. Google is also adding more personalized Gemini functionality to vehicles, while Waymo reportedly plans to expand its robotaxi fleet to 20,000 vehicles and launch autonomous ride-hailing in Madrid next year. Google attacks Nvidia’s AI developer stronghold
• Neutral Sentiment: Investors are focused on upcoming earnings. Alphabet’s strong prior quarter and rapid Cloud growth have not translated consistently into share-price gains. The company will need to demonstrate that Cloud expansion and TPU demand are producing meaningful profitability, while also addressing potential moderation in Search growth.
• Negative Sentiment: Google Cloud suffered a high-profile outage in the United Kingdom. Disruptions affected several banking and online services, and the Bank of England is investigating the incident. Although services were largely restored, the event raises concerns about reliability and could increase regulatory scrutiny of Alphabet’s cloud infrastructure. Google Cloud services largely back up in UK
• Negative Sentiment: Multiple law firms publicized a securities-fraud class action. The litigation alleges Alphabet misled investors about the development timeline for Gemini 3.5 Pro. Several firms highlighted lead-plaintiff deadlines around November 30 and December 1, keeping legal risk and the possibility of investor damages in focus. Rosen securities class-action notice
• Negative Sentiment: Broader AI-stock weakness added pressure. Concerns about AI financing, elevated capital spending and the sustainability of the technology trade have encouraged investors to reduce exposure to major technology stocks, even as Alphabet remains comparatively inexpensive among the “Magnificent Seven.”

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.