Joseph Group Capital Management Has $7.32 Million Stake in Alphabet Inc. $GOOGL

Joseph Group Capital Management lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 18.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,369 shares of the information services provider’s stock after selling 5,334 shares during the quarter. Alphabet comprises 1.9% of Joseph Group Capital Management’s investment portfolio, making the stock its 13th biggest holding. Joseph Group Capital Management’s holdings in Alphabet were worth $7,315,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Wagner Wealth Management LLC boosted its position in shares of Alphabet by 40.5% during the 4th quarter. Wagner Wealth Management LLC now owns 1,229 shares of the information services provider’s stock worth $385,000 after purchasing an additional 354 shares in the last quarter. Canandaigua National Trust Co of Florida lifted its position in Alphabet by 39.1% in the 4th quarter. Canandaigua National Trust Co of Florida now owns 7,861 shares of the information services provider’s stock valued at $2,460,000 after acquiring an additional 2,210 shares in the last quarter. Oakwell Private Wealth Management LLC lifted its position in Alphabet by 7.6% in the 4th quarter. Oakwell Private Wealth Management LLC now owns 9,058 shares of the information services provider’s stock valued at $2,835,000 after acquiring an additional 642 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co lifted its position in Alphabet by 17.1% in the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 118,966 shares of the information services provider’s stock valued at $37,236,000 after acquiring an additional 17,415 shares in the last quarter. Finally, First Fiduciary Investment Counsel Inc. lifted its position in Alphabet by 27.4% in the 4th quarter. First Fiduciary Investment Counsel Inc. now owns 39,535 shares of the information services provider’s stock valued at $12,374,000 after acquiring an additional 8,500 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 955 shares of Alphabet stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the completion of the transaction, the chief accounting officer owned 9,918 shares of the company’s stock, valued at $2,955,564. This represents a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 257,931 shares of company stock worth $36,886,538 in the last three months. Insiders own 11.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on GOOGL. Piper Sandler reiterated an “overweight” rating and issued a $425.00 price objective (up from $395.00) on shares of Alphabet in a research note on Thursday, April 30th. Argus increased their price objective on shares of Alphabet from $365.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Needham & Company LLC increased their price objective on shares of Alphabet from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. HSBC increased their price objective on shares of Alphabet from $385.00 to $435.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Loop Capital increased their price objective on shares of Alphabet from $355.00 to $490.00 and gave the company a “buy” rating in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $411.23.

Alphabet Trading Up 0.0%

Shares of GOOGL stock opened at $396.94 on Tuesday. The company has a 50 day moving average of $331.22 and a 200-day moving average of $318.52. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12-month low of $162.00 and a 12-month high of $408.61. The firm has a market cap of $4.81 trillion, a P/E ratio of 30.28, a PEG ratio of 1.70 and a beta of 1.26.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Sell-side analysts anticipate that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be paid a $0.22 dividend. The ex-dividend date is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is presently 6.41%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google and Blackstone reportedly plan to launch a new AI cloud company, a move that could expand demand for Alphabet’s specialized chips and deepen its presence in enterprise AI infrastructure. Google, Blackstone to create new AI cloud company, WSJ reports
• Positive Sentiment: Alphabet is heading into Google I/O with expectations for major AI announcements, and analysts are watching for updates on Gemini, agentic commerce, and in-house TPU chips that could strengthen its competitive position. Google I/O primer: Alphabet’s AI showcase is its chance to wow Wall Street
• Positive Sentiment: Arete Research raised its price target on Alphabet to $425 from $405 and kept a buy rating, signaling continued upside confidence from analysts. Arete Research adjusts price target on Alphabet to $425 from $405
• Positive Sentiment: Multiple articles highlighted Alphabet’s strong momentum this year, with AI demand, cloud growth, and Berkshire Hathaway’s much larger stake helping validate the bullish case. Read More.
• Neutral Sentiment: Alphabet disclosed insider-share sales by a major shareholder, but the transactions appear routine and were reported through standard SEC filings. SEC filing
• Negative Sentiment: Alphabet also faces ongoing headline risk from its YouTube youth-safety settlement and broader scrutiny around AI and platform responsibility, though these issues look secondary to the company’s current AI-driven optimism. Alphabet’s $5 Trillion Milestone: How AI Ambitions Are Fueling Google’s Record Run

Alphabet Company Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.