Alphabet Inc. $GOOGL Shares Sold by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOGL) by 5.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 171,347 shares of the information services provider’s stock after selling 9,023 shares during the period. Alphabet makes up approximately 3.9% of Harbor Investment Advisory LLC’s portfolio, making the stock its 3rd largest holding. Harbor Investment Advisory LLC’s holdings in Alphabet were worth $49,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC boosted its holdings in shares of Alphabet by 2.6% in the first quarter. Kohmann Bosshard Financial Services LLC now owns 7,457 shares of the information services provider’s stock valued at $2,144,000 after acquiring an additional 187 shares in the last quarter. Traub Capital Management LLC lifted its position in Alphabet by 0.8% in the first quarter. Traub Capital Management LLC now owns 13,034 shares of the information services provider’s stock valued at $3,748,000 after purchasing an additional 106 shares during the period. Daviman Financial LLC lifted its position in Alphabet by 12.0% in the first quarter. Daviman Financial LLC now owns 2,764 shares of the information services provider’s stock valued at $795,000 after purchasing an additional 296 shares during the period. Premier Path Wealth Partners LLC boosted its holdings in Alphabet by 7.6% in the 1st quarter. Premier Path Wealth Partners LLC now owns 50,611 shares of the information services provider’s stock valued at $14,554,000 after purchasing an additional 3,576 shares in the last quarter. Finally, Foundry Financial Group Inc. boosted its holdings in Alphabet by 7.1% in the 1st quarter. Foundry Financial Group Inc. now owns 1,412 shares of the information services provider’s stock valued at $406,000 after purchasing an additional 94 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Up 0.2%

Shares of NASDAQ:GOOGL opened at $367.03 on Wednesday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.45 trillion, a P/E ratio of 28.00, a P/E/G ratio of 1.57 and a beta of 1.24. Alphabet Inc. has a 52-week low of $172.77 and a 52-week high of $408.61. The stock’s fifty day simple moving average is $372.05 and its 200-day simple moving average is $335.51.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.64 by $2.47. The firm had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. As a group, equities research analysts forecast that Alphabet Inc. will post 14.32 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were paid a dividend of $0.22 per share. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, June 8th. Alphabet’s payout ratio is presently 6.71%.

Insider Buying and Selling

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 transaction, the chief accounting officer directly owned 27,348 shares of the company’s stock, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frances Arnold sold 112 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total transaction of $39,343.36. Following the completion of the transaction, the director owned 18,833 shares in the company, valued at $6,615,656.24. This represents a 0.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 160,465 shares of company stock valued at $8,020,511. 11.61% of the stock is owned by corporate insiders.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is drawing bullish sentiment from investors and analysts as a top AI name, with one report highlighting billionaire Jeffrey Talpins’ view that GOOGL is among the best AI stocks to own.
• Positive Sentiment: Google-backed Proxima Fusion raised €411 million in a major financing round, underscoring Alphabet’s continued involvement in frontier energy and AI-adjacent innovation. Reuters article
• Positive Sentiment: Coverage focused on Google Cloud suggests the segment is increasingly seen as a key growth engine for Alphabet, reinforcing the market’s confidence in its AI and cloud strategy. Trefis article
• Positive Sentiment: Alphabet continues to be highlighted in “final trades” and stock-picking segments, which can support near-term sentiment by keeping the name in focus for traders. Benzinga article
• Neutral Sentiment: Alphabet announced its Made by Google Pixel event for August 12, which keeps hardware and consumer-device expectations in view but is not a major immediate catalyst.
• Neutral Sentiment: Articles comparing Alphabet with Palantir and Taiwan Semiconductor mostly frame GOOGL as a benchmark AI and cloud leader rather than signaling a direct new catalyst.
• Negative Sentiment: TechCrunch reported that Google is expanding AI training to include more user-uploaded media by default unless users opt out, which could revive privacy concerns and regulatory scrutiny. TechCrunch article
• Negative Sentiment: BusinessInsider noted that Waymo faces growing competition in robotaxi usage from Zoox, reminding investors that Alphabet’s autonomous-driving efforts still face competitive pressure. BusinessInsider article

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Barclays restated a “buy” rating on shares of Alphabet in a research note on Friday, May 29th. Rothschild & Co Redburn increased their price objective on Alphabet from $390.00 to $430.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Loop Capital boosted their target price on shares of Alphabet from $355.00 to $490.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Wall Street Zen raised shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Truist Financial set a $430.00 price target on shares of Alphabet and gave the company a “buy” rating in a report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $413.54.

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.