3,391 Alphabet Inc. $GOOGL Shares Sold by Beaumont Financial Advisors LLC

Key Points

• Beaumont Financial Advisors LLC reduced its Alphabet stake by 1.6%, selling 3,391 shares and retaining 208,809 shares worth approximately $71.8 million. Alphabet remains the firm’s second-largest holding, representing about 4.5% of its portfolio.
• Alphabet’s quarterly results fell short of expectations, with adjusted EPS of $2.12 versus consensus near $3.02 and revenue of $127.6 billion. Negative free cash flow, heavy AI infrastructure spending, an EU antitrust fine, and concerns about AI search monetization added pressure.
• Despite the earnings miss, Google Cloud revenue more than doubled to roughly $30.7 billion and backlog reached $561 billion. Analysts maintain a generally positive outlook, with Alphabet holding a consensus “Buy” rating and an average price target of $410.46.

Beaumont Financial Advisors LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 208,809 shares of the information services provider's stock after selling 3,391 shares during the period. Alphabet comprises approximately 4.5% of Beaumont Financial Advisors LLC's investment portfolio, making the stock its 2nd biggest holding. Beaumont Financial Advisors LLC's holdings in Alphabet were worth $71,847,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Strategic Wealth Advisors LLC increased its holdings in Alphabet by 6.0% in the 1st quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock valued at $137,000 after buying an additional 27 shares during the period. Rockbridge Investment Management LCC lifted its holdings in shares of Alphabet by 0.5% during the 1st quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider's stock worth $1,570,000 after acquiring an additional 27 shares during the period. Ruggaard & Associates LLC boosted its position in shares of Alphabet by 0.9% during the 1st quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider's stock worth $840,000 after acquiring an additional 27 shares in the last quarter. Cadia Private Client LLC boosted its position in shares of Alphabet by 1.1% during the 1st quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider's stock worth $744,000 after acquiring an additional 28 shares in the last quarter. Finally, Evansbrook LLC boosted its position in shares of Alphabet by 0.3% during the 1st quarter. Evansbrook LLC now owns 9,522 shares of the information services provider's stock worth $2,738,000 after acquiring an additional 28 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results support Alphabet’s position as a major beneficiary of enterprise AI demand. Alphabet's Cloud Business Just Doubled
• Positive Sentiment: Several analysts remain constructive after the selloff. Guggenheim and Needham reaffirmed “buy” ratings with $450 targets, while Citigroup and Wells Fargo retained bullish ratings and projected substantial upside despite lowering their targets.
• Positive Sentiment: Alphabet’s AI ecosystem could gain from rising demand for cloud capacity and specialized chips. Waymo is also expanding internationally through a partnership with Toyota, although the business remains small relative to Alphabet’s core operations. Waymo taps Toyota to supply robotaxis
• Neutral Sentiment: Multiple securities law firms publicized class-action lawsuits and lead-plaintiff deadlines tied to alleged disclosures about Alphabet’s Gemini AI development. These notices add headline risk, but their direct financial impact remains uncertain.
• Negative Sentiment: Alphabet reported adjusted earnings of $2.12 per share, below consensus near $2.94-$3.02, while revenue of $127.6 billion also missed expectations. Search and other revenue grew about 12% to roughly $63 billion, but fell short of forecasts, reinforcing fears that AI-generated answers and “AI mode” searches may monetize less effectively than traditional Search.
• Negative Sentiment: AI infrastructure spending caused free cash flow to remain negative by roughly $9.1 billion for a second consecutive quarter. Investors are questioning whether the enormous capital outlays will produce adequate returns and whether Alphabet may need additional debt or equity financing.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment reduced quarterly earnings by approximately $0.55 per share, while an EU antitrust fine further pressured results. Analysts including RBC, Wells Fargo, Citigroup, Wedbush, KeyCorp and Cantor Fitzgerald lowered price targets, even though most maintained positive ratings.

Insiders Place Their Bets

In other news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the sale, the director owned 19,076 shares in the company, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 247 shares of company stock worth $79,238 over the last quarter. 11.61% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GOOGL shares. Phillip Securities raised Alphabet from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 27th. Morgan Stanley reissued an "overweight" rating and issued a $375.00 price target (down from $400.00) on shares of Alphabet in a research report on Thursday. Zacks Research downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Citizens Jmp lowered shares of Alphabet from a "market outperform" rating to a "hold" rating in a research report on Thursday. Finally, Truist Financial lowered their target price on Alphabet from $420.00 to $410.00 and set a "buy" rating on the stock in a research note on Thursday. Five research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Alphabet presently has a consensus rating of "Buy" and a consensus target price of $410.46.

Alphabet Stock Performance

NASDAQ GOOGL opened at $279.84 on Friday. The company has a quick ratio of 2.64, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. Alphabet Inc. has a 12-month low of $270.70 and a 12-month high of $408.61. The firm has a market cap of $3.42 trillion, a price-to-earnings ratio of 14.61, a PEG ratio of 0.83 and a beta of 1.21. The company has a 50-day simple moving average of $339.07 and a two-hundred day simple moving average of $340.17.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.02 by ($0.90). The business had revenue of $127.58 billion for the quarter, compared to analysts' expectations of $127.96 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. On average, equities analysts forecast that Alphabet Inc. will post 20.40 EPS for the current year.

Alphabet Company Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.

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