Perigon Wealth Management LLC Sells 35,143 Shares of Alphabet Inc. $GOOGL

Perigon Wealth Management LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 13.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 224,945 shares of the information services provider’s stock after selling 35,143 shares during the quarter. Alphabet accounts for 1.3% of Perigon Wealth Management LLC’s portfolio, making the stock its 16th largest position. Perigon Wealth Management LLC’s holdings in Alphabet were worth $80,389,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GOOGL. Oak Barrel Wealth Advisory LLC bought a new position in shares of Alphabet during the 2nd quarter valued at $1,922,000. Palatine Hill Wealth Management LLC grew its holdings in shares of Alphabet by 5.3% in the second quarter. Palatine Hill Wealth Management LLC now owns 2,217 shares of the information services provider’s stock worth $792,000 after acquiring an additional 112 shares during the period. Phillips Wealth Planners LLC lifted its holdings in Alphabet by 1.6% in the second quarter. Phillips Wealth Planners LLC now owns 4,591 shares of the information services provider’s stock valued at $1,685,000 after acquiring an additional 71 shares during the period. Trust Co. of Vermont purchased a new position in Alphabet in the second quarter worth about $32,319,000. Finally, Principle Wealth Partners LLC grew its stake in shares of Alphabet by 0.7% during the 2nd quarter. Principle Wealth Partners LLC now owns 93,329 shares of the information services provider’s stock valued at $33,353,000 after purchasing an additional 611 shares during the period. Institutional investors own 40.03% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 82 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $333.39, for a total transaction of $27,337.98. Following the sale, the director directly owned 18,914 shares of the company’s stock, valued at $6,305,738.46. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 8,998 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the transaction, the insider owned 75,290 shares in the company, valued at $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 451,843 shares of company stock worth $12,343,852. 11.61% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

NASDAQ GOOGL opened at $346.59 on Monday. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12 month low of $206.20 and a 12 month high of $408.61. The stock has a market cap of $4.24 trillion, a price-to-earnings ratio of 17.41, a PEG ratio of 0.97 and a beta of 1.24. The company’s 50 day moving average is $349.62 and its two-hundred day moving average is $341.86.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $6.22. The firm had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. As a group, research analysts anticipate that Alphabet Inc. will post 20.5 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet’s dividend payout ratio is presently 4.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Mizuho increased their price objective on shares of Alphabet from $420.00 to $460.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. President Capital boosted their target price on shares of Alphabet from $375.00 to $465.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Wedbush reaffirmed an “outperform” rating and set a $445.00 target price on shares of Alphabet in a report on Thursday, July 23rd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research report on Monday, May 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research report on Friday, July 17th. Six analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Alphabet has an average rating of “Buy” and an average price target of $420.19.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud and AI remain the main growth drivers. Rising Cloud revenue, AI adoption and a reported $514 billion backlog strengthen Alphabet’s competitive position against Microsoft and Amazon, although capacity constraints could limit near-term execution. Rising Cloud Revenue Strengthens Alphabet Against MSFT & AMZN
• Positive Sentiment: New Gemini and AI Mode features could increase user engagement and monetization. Google is expanding AI Mode to track flight prices and assist with hotel bookings, while reviews of its personal-intelligence tools suggest broader consumer adoption. Employees are also reportedly testing a next-generation Gemini Flash model. Google’s AI Mode can now track flight prices, help book hotels, and more
• Positive Sentiment: Analyst sentiment and technical momentum remain favorable. Brokerages maintain an average “Buy” recommendation, while technical commentary points to support above approximately $340. Alphabet’s valuation, margins and cash generation are viewed as attractive relative to many AI peers. Alphabet Receives Average Recommendation of Buy
• Positive Sentiment: Alphabet’s custom-chip strategy is creating demand for AI infrastructure. Marvell’s large Google-related AI-chip opportunity highlights Alphabet’s willingness to invest in proprietary computing capacity, potentially supporting long-term performance and reducing reliance on outside suppliers. Marvell’s Google AI-chip opportunity
• Neutral Sentiment: Google changed its European spam and site-reputation policy. The adjustment is intended to address European Commission concerns and reduce the risk of an antitrust fine, but it may affect how Google ranks publisher content and reflects ongoing regulatory pressure. Google changes spam policy in EU to avert antitrust fine
• Negative Sentiment: Legal risks continue to weigh on the investment case. Multiple law firms announced securities-fraud investigations, while Google agreed to a $353 million settlement with UK app developers. These announcements do not establish wrongdoing but could create financial and reputational costs. Google agrees to settle UK app developers’ lawsuit
• Negative Sentiment: The FTC is reportedly considering action involving YouTube. The investigation concerns account suspensions and possible consumer-protection violations, adding another regulatory overhang for Alphabet. US FTC probes YouTube over social media policies

About Alphabet

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.