Alphabet Inc. $GOOGL Shares Sold by Edge Wealth Management LLC

Edge Wealth Management LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 179,756 shares of the information services provider’s stock after selling 2,877 shares during the period. Alphabet comprises 9.9% of Edge Wealth Management LLC’s holdings, making the stock its largest holding. Edge Wealth Management LLC’s holdings in Alphabet were worth $56,264,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. CIBC Bancorp USA Inc. bought a new stake in Alphabet in the third quarter valued at approximately $416,217,000. Griffin Asset Management Inc. raised its holdings in Alphabet by 13.9% during the 3rd quarter. Griffin Asset Management Inc. now owns 58,731 shares of the information services provider’s stock worth $14,277,000 after purchasing an additional 7,180 shares during the last quarter. Sovran Advisors LLC lifted its position in shares of Alphabet by 23.6% in the 3rd quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider’s stock worth $5,401,000 after purchasing an additional 4,241 shares during the period. Edmond DE Rothschild Holding S.A. lifted its position in shares of Alphabet by 4.7% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 1,457,732 shares of the information services provider’s stock worth $256,896,000 after purchasing an additional 65,439 shares during the period. Finally, Wright Investors Service Inc. boosted its stake in shares of Alphabet by 21.2% in the 3rd quarter. Wright Investors Service Inc. now owns 50,064 shares of the information services provider’s stock valued at $12,171,000 after purchasing an additional 8,746 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GOOGL. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Alphabet from $370.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. China Renaissance upped their price target on shares of Alphabet from $330.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, February 6th. DA Davidson increased their price target on Alphabet from $300.00 to $310.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Mizuho lifted their price objective on Alphabet from $400.00 to $410.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Finally, HSBC boosted their price objective on Alphabet from $335.00 to $370.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Three analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $368.06.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analyst upgrades and price-target raises reinforce bullish medium-term views — Wells Fargo raised its price target and kept an Overweight rating, and Needham reaffirmed its Buy with a $400 target; MarketBeat and other outlets note heavy analyst upgrading of GOOGL. These moves support upside expectations despite short-term weakness. Read More.
• Positive Sentiment: Alphabet’s AI innovation (TurboQuant / Gemini traction) is being framed as a competitive advantage — the company’s new compression research and Gemini adoption could lower AI operating costs and drive product differentiation, strengthening long-term revenue prospects. This is part of why some analysts lifted estimates and price targets. Read More.
• Positive Sentiment: Fundamentals remain solid: recent earnings beat, robust cloud growth and advertising resilience provide a valuation anchor and a reason many institutions view pullbacks as buying opportunities. Read More.
• Neutral Sentiment: Technical correction — the stock has moved below $300 and broken key short-term support, which can amplify volatility even if the longer-term trend stays intact; investors should watch $280–$260 support zones. Read More.
• Neutral Sentiment: Executive departure in India: Google’s top India counsel resigned amid ongoing regulatory challenges in a key market, a factor to monitor for regional regulatory execution but not an immediate earnings driver. Read More.
• Negative Sentiment: Landmark jury verdicts finding YouTube/Google liable in social-media addiction cases have created legal overhang and the possibility of broader litigation or regulatory exposure — courts and commentators compare potential fallout to past “Big Tobacco”-style settlements, increasing perceived legal risk for Alphabet. Read More.
• Negative Sentiment: New lawsuits allege Google’s search/AI features disclosed personal information of Jeffrey Epstein victims; such privacy/AI-related claims add another legal/regulatory headline that can pressure sentiment and increase potential litigation costs or product changes. Read More.
• Negative Sentiment: Broader tech selloff — geopolitical war worries and landmark Meta legal losses have sparked rotation out of large-cap tech this week, amplifying Alphabet’s decline despite company-specific strengths. Market risk sentiment is a near-term headwind. Read More.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $303.41, for a total value of $318,580.50. Following the transaction, the director owned 4,631 shares of the company’s stock, valued at approximately $1,405,091.71. This trade represents a 18.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the transaction, the chief executive officer owned 1,642,060 shares of the company’s stock, valued at $505,573,853.40. This trade represents a 1.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,110,165 shares of company stock worth $118,134,117 over the last ninety days. Insiders own 11.55% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOGL opened at $274.34 on Monday. The company has a market cap of $3.32 trillion, a P/E ratio of 25.38, a PEG ratio of 1.61 and a beta of 1.10. The company has a fifty day simple moving average of $313.07 and a 200 day simple moving average of $295.40. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $349.00.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The firm had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. Sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, March 9th. Alphabet’s dividend payout ratio is currently 7.77%.

Alphabet 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.