Alphabet Inc. $GOOG Shares Sold by CCG Wealth Management LLC

CCG Wealth Management LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 26.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,454 shares of the information services provider’s stock after selling 5,474 shares during the quarter. Alphabet makes up about 1.8% of CCG Wealth Management LLC’s portfolio, making the stock its 11th biggest holding. CCG Wealth Management LLC’s holdings in Alphabet were worth $3,764,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFS Advisors LLC grew its position in Alphabet by 400.0% in the second quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock worth $27,000 after acquiring an additional 120 shares during the period. WestEnd Advisors LLC lifted its stake in shares of Alphabet by 58.7% in the 2nd quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 61 shares during the last quarter. Fairman Group LLC grew its holdings in shares of Alphabet by 121.3% during the 2nd quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock worth $31,000 after purchasing an additional 97 shares during the period. University of Illinois Foundation acquired a new stake in shares of Alphabet during the 2nd quarter worth about $31,000. Finally, Manning & Napier Advisors LLC purchased a new stake in Alphabet in the 3rd quarter valued at about $32,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $370.00 price objective on shares of Alphabet in a research report on Tuesday, January 20th. Canaccord Genuity Group boosted their target price on Alphabet from $330.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. raised their price target on Alphabet from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Finally, Cantor Fitzgerald reiterated a “neutral” rating on shares of Alphabet in a report on Tuesday, January 20th. Eight research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Alphabet presently has an average rating of “Buy” and an average price target of $330.83.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Waymo’s $16 billion funding round and $126B valuation bolster Alphabet’s optionality in autonomous mobility and unlock value outside core ads — a major positive signal for long-term growth investors. Waymo valued at $126 billion in latest financing
• Positive Sentiment: Google Cloud is signing multi-year AI deals (Liberty Global) and commercial deployments (Humana), validating monetization of Gemini and enterprise AI adoption. Google Cloud, Liberty Global strike five-year AI partnership
• Positive Sentiment: Wall Street momentum: several analyst upgrades and raised price targets ahead of earnings reflect confidence in Search/Cloud/AI revenue leverage. Top Mizuho Analyst Raises Alphabet (GOOGL) Stock Price Target Ahead of Q4 Earnings
• Positive Sentiment: Institutional and thematic buyers (Crossmark, Sumitomo Mitsui, ARK additions) show continued allocation into Alphabet amid the AI thematic. Fund Update: Crossmark Global Holdings, Inc. Just Disclosed New Holdings
• Neutral Sentiment: Q4 earnings are due after the close Feb. 4 and options imply a sizable move — results and guidance will likely drive the next major direction. Alphabet (GOOGL) Stock: What Wall Street Expects from Earnings Wednesday
• Neutral Sentiment: Reported short-interest data in these feeds is noisy/zeroed (likely reporting artifacts) and currently provides no clear bearish signal.
• Negative Sentiment: Insider and some institutional selling: recent filings show the CAO sold shares and several funds trimmed positions — persistent insider sales can weigh on sentiment near costly valuations. SEC insider filing
• Negative Sentiment: Covers and worry pieces highlight high valuation and the risk of a near-term pullback if AI monetization or ad growth disappoints — investor expectations are elevated. Why Google Stock Faces A Near-Term Pullback
• Negative Sentiment: Collateral concerns: Disney disclosed a YouTube TV-related hit, a reminder of distribution and carriage risks for YouTube/TV businesses. Disney said it took a $110 million hit from its fight with YouTube TV

Alphabet Stock Down 1.2%

Alphabet stock opened at $340.70 on Wednesday. The firm has a market capitalization of $4.11 trillion, a P/E ratio of 33.60, a P/E/G ratio of 2.08 and a beta of 1.10. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $350.15. The stock’s fifty day simple moving average is $321.78 and its 200-day simple moving average is $269.04.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is currently 8.28%.

Insider Buying and Selling

In related news, insider John Kent Walker sold 17,829 shares of Alphabet stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $314.89, for a total value of $5,614,173.81. Following the completion of the transaction, the insider owned 42,972 shares in the company, valued at $13,531,453.08. The trade was a 29.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $312.30, for a total transaction of $867,569.40. Following the transaction, the chief accounting officer owned 8,962 shares of the company’s stock, valued at $2,798,832.60. This trade represents a 23.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 2,037,964 shares of company stock worth $95,259,727. 12.99% of the stock is owned by corporate insiders.

Alphabet Profile

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.