GC Wealth Management RIA LLC Has $106.06 Million Position in Alphabet Inc. $GOOG

GC Wealth Management RIA LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOG) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 369,728 shares of the information services provider’s stock after selling 4,359 shares during the quarter. Alphabet accounts for about 4.4% of GC Wealth Management RIA LLC’s investment portfolio, making the stock its 5th biggest holding. GC Wealth Management RIA LLC’s holdings in Alphabet were worth $106,060,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Imprint Wealth LLC bought a new stake in Alphabet in the 3rd quarter worth about $31,000. Nvest Wealth Strategies Inc. bought a new position in Alphabet during the 4th quarter valued at about $38,000. Lifetime Wealth Management P.C. bought a new position in Alphabet during the 4th quarter valued at about $38,000. Bard Associates Inc. purchased a new stake in shares of Alphabet during the 4th quarter valued at about $41,000. Finally, Towne Trust Company N.A boosted its holdings in shares of Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after acquiring an additional 34 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet posted a strong Q2 beat, with revenue and EPS coming in ahead of expectations, while Google Cloud revenue surged 82% and cloud margins improved sharply.
• Positive Sentiment: AI and product demand remain strong, with management saying AI usage is rising across Search, Cloud, and Gemini, supporting the long-term growth story.
• Positive Sentiment: Several analysts reiterated bullish views or raised targets, and multiple commentary pieces argued the stock looks attractive after the pullback.
• Positive Sentiment: Verizon signed a deal worth more than $1 billion with Google for dark fiber connectivity, adding another sign of infrastructure demand tied to Alphabet’s data-center buildout. Article Title
• Neutral Sentiment: Waymo is reportedly considering ending its Uber partnership, which could affect how quickly Alphabet’s robotaxi business scales, but the direct financial impact is still unclear. Article Title
• Neutral Sentiment: Alphabet also disclosed a large SpaceX stake and saw some institutional holders trim positions, but these items are secondary to the main debate over AI spending and cash flow.
• Negative Sentiment: Investors were unnerved by Alphabet’s higher CapEx guidance and negative free cash flow, which raised concerns that AI spending may be outpacing near-term returns.
• Negative Sentiment: Alphabet was also hit by an EU antitrust fine of about $1 billion, adding another regulatory overhang. Article Title
• Negative Sentiment: Moody’s warned that the industry-wide AI buildout could threaten credit quality at Alphabet and other hyperscalers, reinforcing concerns about balance-sheet strain from heavy infrastructure investment. Article Title

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $319.09 on Monday. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $3.87 trillion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.08 and a beta of 1.23. The firm’s 50 day moving average price is $360.63 and its 200-day moving average price is $337.53. Alphabet Inc. has a twelve month low of $188.70 and a twelve month high of $404.47.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. During the same period in the previous year, the business posted $2.31 earnings per share. The firm’s quarterly revenue was up 24.2% compared to the same quarter last year. Equities research analysts expect that Alphabet Inc. will post 17.25 EPS for the current year.

Alphabet Dividend Announcement

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

Insider Buying and Selling at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the sale, the chief accounting officer owned 27,348 shares of the company’s stock, valued at $9,345,358.56. The trade was a 1.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the sale, the director owned 1,481 shares of the company’s stock, valued at $545,941.03. This trade represents a 41.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 159,415 shares of company stock worth $7,672,279. Insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GOOG. Cantor Fitzgerald reissued an “overweight” rating and set a $420.00 price objective (down from $435.00) on shares of Alphabet in a report on Thursday. Raymond James Financial restated a “strong-buy” rating on shares of Alphabet in a report on Thursday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $450.00 target price on shares of Alphabet in a research report on Thursday, May 21st. Rosenblatt Securities set a $393.00 target price on shares of Alphabet in a research note on Thursday. Finally, BMO Capital Markets increased their price target on Alphabet from $455.00 to $465.00 and gave the company an “outperform” rating in a report on Thursday. Six equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $410.09.

About Alphabet

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.