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

Key Points

• Beaumont Financial Advisors LLC reduced its position in Alphabet by 5.0% in Q4, selling 11,669 shares and ending the period with 222,512 shares worth $69.65 million, making GOOGL its second-largest holding.
• There has been notable insider selling$104.7 million over the past 90 days.
• Analysts remain mostly bullish with a consensus rating of "Moderate Buy" and an average price target of $366.92, and Alphabet recently beat quarterly estimates (EPS $2.82 vs $2.57; revenue $113.83B vs $111.24B).

Beaumont Financial Advisors LLC lowered its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 222,512 shares of the information services provider's stock after selling 11,669 shares during the period. Alphabet comprises approximately 4.6% of Beaumont Financial Advisors LLC's holdings, making the stock its 2nd largest position. Beaumont Financial Advisors LLC's holdings in Alphabet were worth $69,646,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GOOGL. PMV Capital Advisers LLC acquired a new stake in shares of Alphabet during the 4th quarter valued at approximately $38,000. iSAM Funds UK Ltd acquired a new stake in shares of Alphabet during the 3rd quarter valued at approximately $53,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Alphabet during the 3rd quarter valued at approximately $53,000. Corsicana & Co. acquired a new stake in shares of Alphabet during the 3rd quarter valued at approximately $54,000. Finally, Sellwood Investment Partners LLC acquired a new position in shares of Alphabet during the 3rd quarter worth $63,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Activity

In related news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the completion of the sale, the chief executive officer owned 1,642,060 shares of the company's stock, valued at approximately $505,573,853.40. This represents a 1.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $303.41, for a total transaction of $318,580.50. Following the sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 2,069,344 shares of company stock worth $104,708,426. Insiders own 11.64% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wells Fargo & Company cut their price target on Alphabet from $397.00 to $361.00 and set an "overweight" rating for the company in a research note on Thursday, April 2nd. Needham & Company LLC restated a "buy" rating and set a $400.00 price objective on shares of Alphabet in a research report on Wednesday. Bank of America lifted their price objective on Alphabet from $335.00 to $370.00 and gave the stock a "buy" rating in a research report on Tuesday, January 13th. KeyCorp set a $370.00 target price on shares of Alphabet and gave the company an "overweight" rating in a research note on Thursday, February 5th. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $395.00 target price (up from $346.00) on shares of Alphabet in a research note on Thursday, February 5th. Three research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $366.92.

Alphabet Trading Down 0.4%

NASDAQ GOOGL opened at $317.20 on Friday. Alphabet Inc. has a 12 month low of $146.10 and a 12 month high of $349.00. The company has a 50-day moving average of $306.85 and a 200-day moving average of $298.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The company has a market cap of $3.84 trillion, a P/E ratio of 29.34, a P/E/G ratio of 1.97 and a beta of 1.12.

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

Alphabet Announces Dividend

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

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Stronger AI/cloud positioning: Google expanded its multi‑year AI infrastructure partnership with Intel to co‑develop processors and power Google Cloud AI workloads — a sign of durable demand for cloud AI capacity that supports Google Cloud revenue growth. Read More.
• Positive Sentiment: Broadcom and Anthropic deals validate Google’s AI infrastructure strategy and the broader market for non‑NVIDIA accelerators — a constructive signal for Alphabet’s AI cost and supply relationships. Read More.
• Positive Sentiment: Analyst and media bullishness on AI adoption: BNP Paribas and other commentators highlight Gemini and Anthropic as drivers that can take share in the generative AI market, underpinning ad/productivity monetization upside for Alphabet. Read More.
• Positive Sentiment: Monetization tailwind — YouTube raised U.S. Premium prices, which should boost ARPU and subscription revenue over time. Read More.
• Positive Sentiment: Bullish price‑target action from Mizuho (raised to $420) reinforces upside thesis for investors focused on long‑term AI/cloud gains. (No link)
• Neutral Sentiment: Short interest report is effectively meaningless/noisy for today’s move (data shows zero shares / reporting artifact), so it’s not the driver of the stock’s action. (No link)
• Negative Sentiment: Regulatory risk for Waymo: A California bill would require more human operators for robotaxis, raising operating costs and regulatory uncertainty for Alphabet’s autonomous‑vehicle ambitions. Read More.
• Negative Sentiment: International/content regulatory pressure: Indonesia issued a reprimand to YouTube over new social media rules for children, underscoring regional enforcement risk that can hit engagement or require costly compliance changes. Read More.
• Negative Sentiment: Analyst downgrade pressure: Wolfe Research trimmed its price target from $390 to $360, which increases short‑term selling pressure despite the firm still rating the stock “outperform.” (No link)

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.

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