Harbor Advisors LLC Cuts Holdings in Alphabet Inc. $GOOGL

Harbor Advisors LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 145,600 shares of the information services provider's stock after selling 10,000 shares during the quarter. Alphabet makes up 6.0% of Harbor Advisors LLC's portfolio, making the stock its 2nd largest holding. Harbor Advisors LLC's holdings in Alphabet were worth $41,869,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. NewEdge Wealth LLC lifted its holdings in shares of Alphabet by 11.8% in the fourth quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider's stock valued at $277,696,000 after purchasing an additional 93,293 shares in the last quarter. PFG Investments LLC raised its position in Alphabet by 2.6% in the 1st quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock valued at $25,679,000 after buying an additional 2,269 shares during the last quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new position in Alphabet during the 4th quarter valued at $28,902,000. Private Advisory Group LLC boosted its holdings in Alphabet by 12.2% during the 4th quarter. Private Advisory Group LLC now owns 24,717 shares of the information services provider's stock worth $7,736,000 after acquiring an additional 2,678 shares during the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co boosted its holdings in Alphabet by 17.1% during the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 118,966 shares of the information services provider's stock worth $37,236,000 after acquiring an additional 17,415 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Analyst Ratings Changes

GOOGL has been the topic of a number of recent analyst reports. Barclays reissued an "overweight" rating and set a $425.00 price target (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Sanford C. Bernstein reiterated a "market perform" rating and issued a $390.00 price objective (up from $345.00) on shares of Alphabet in a research note on Thursday, April 30th. Citigroup reissued an "outperform" rating on shares of Alphabet in a research report on Monday, May 4th. KeyCorp boosted their target price on Alphabet from $425.00 to $445.00 and gave the stock an "overweight" rating in a research note on Friday, July 10th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research report on Friday, July 17th. Six analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $419.86.

Alphabet Stock Down 0.9%

Alphabet stock opened at $333.66 on Friday. Alphabet Inc. has a twelve month low of $187.82 and a twelve month high of $408.61. The firm has a 50 day moving average price of $358.32 and a 200-day moving average price of $339.18. The company has a market capitalization of $4.04 trillion, a P/E ratio of 16.76, a P/E/G ratio of 0.94 and a beta of 1.24. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $6.22. 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 $117.07 billion. As a group, equities analysts predict that Alphabet Inc. will post 20.52 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's dividend payout ratio (DPR) is currently 4.42%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is reportedly backing a potential $15 billion Texas data-center project tied to Anthropic, providing financial guarantees and chips. The project could strengthen Google Cloud’s AI infrastructure position and create additional demand for Alphabet’s services, although the guarantees also add financial exposure. Anthropic data center financing
• Positive Sentiment: Google said AI-assisted development enabled it to fix more Chrome security vulnerabilities in June than during the previous two years combined. Faster security improvements could support Chrome’s reliability and Google’s broader AI-productivity narrative. Google Chrome security improvements
• Positive Sentiment: Analyst sentiment remains broadly favorable: Erste Group raised its 2026 EPS forecast to $20.50 from $14.27, above the roughly $20.15 consensus, while other firms maintain bullish ratings and targets. Alphabet also expanded its Gemini partnership with Oracle, potentially widening enterprise AI distribution. Alphabet growth-stock analysis
• Neutral Sentiment: Microsoft’s strong Azure and Copilot results reinforce robust enterprise AI demand, but they also highlight the intense competition among hyperscalers and may raise investor expectations for Google Cloud.
• Negative Sentiment: Reddit’s CEO said Google’s AI Overviews have not replaced the referral value of traditional “10 blue links.” Reduced traffic to publishers could increase pressure on Google’s search ecosystem and raise questions about how AI summaries will protect advertising economics. Reddit CEO comments on Google AI Overviews
• Negative Sentiment: Alphabet faces additional sentiment headwinds from securities-law investigations and recent insider or major-shareholder stock sales. These filings are relatively small compared with Alphabet’s market value, but they can weigh on confidence during a post-earnings selloff.

Insider Transactions at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer owned 27,386 shares of the company's stock, valued at $9,125,015.20. The trade was a 1.61% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 600,547 shares of company stock valued at $16,255,540. Corporate insiders own 11.61% of the company's stock.

Alphabet Company 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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