Harold Davidson & Associates Inc. Raises Stock Position in Alphabet Inc. $GOOGL

Key Points

• Harold Davidson & Associates boosted its stake in Alphabet by 47.5% in Q3 to 19,350 shares (worth $4.704M), making GOOGL its 12th-largest holding and 2.1% of the firm's portfolio.
• Insider selling has been notable: CEO Sundar Pichai sold 32,500 shares (~$10.44M) and insiders have sold about 2,079,993 shares worth $108.7M over the past three months (insider ownership ~11.6%).
• Business results and payout: Alphabet beat expectations with $2.82 EPS and $113.83B revenue for the quarter, and declared a $0.21 quarterly dividend ($0.84 annualized, ~0.3% yield).

Harold Davidson & Associates Inc. grew its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 47.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,350 shares of the information services provider's stock after buying an additional 6,232 shares during the period. Alphabet accounts for 2.1% of Harold Davidson & Associates Inc.'s investment portfolio, making the stock its 12th largest holding. Harold Davidson & Associates Inc.'s holdings in Alphabet were worth $4,704,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. L & S Advisors Inc boosted its stake in Alphabet by 82.5% in the third quarter. L & S Advisors Inc now owns 105,333 shares of the information services provider's stock valued at $25,606,000 after acquiring an additional 47,625 shares in the last quarter. Prospector Partners LLC lifted its holdings in shares of Alphabet by 45.0% in the 3rd quarter. Prospector Partners LLC now owns 67,956 shares of the information services provider's stock valued at $16,520,000 after purchasing an additional 21,077 shares during the last quarter. Synergy Investment Management LLC boosted its position in shares of Alphabet by 5.7% in the 3rd quarter. Synergy Investment Management LLC now owns 1,898 shares of the information services provider's stock valued at $461,000 after purchasing an additional 103 shares during the period. Keyvantage Wealth LLC grew its stake in Alphabet by 3.9% during the 3rd quarter. Keyvantage Wealth LLC now owns 4,319 shares of the information services provider's stock worth $1,050,000 after buying an additional 162 shares during the last quarter. Finally, Synovus Financial Corp increased its position in Alphabet by 0.8% during the third quarter. Synovus Financial Corp now owns 365,515 shares of the information services provider's stock worth $88,866,000 after buying an additional 2,906 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Gartner projects AI spending to surge to $2.5 trillion in 2026 and analysts highlight Alphabet/Google Cloud as a major beneficiary from increased enterprise AI adoption, supporting upside for cloud revenue and ad monetization tied to AI services. Gartner Says AI Spending Will Hit $2.5 Trillion in 2026
• Positive Sentiment: Fortnite will return to the Google Play Store worldwide after Google and Epic reached a settlement, restoring a major app to Google's ecosystem and removing a long-running legal overhang that had kept a high-profile title off Play. Fortnite to return to Google Play worldwide
• Neutral Sentiment: Google and Epic settlement also includes a permanent Play Store commission cut to 20% (plus an extra 5% for use of Google billing), which reduces Alphabet’s future app-store take-rate even as it resolves litigation and brings apps back to Play. Google settles with Epic Games, drops its Play Store commissions to 20%
• Neutral Sentiment: Investor focus on Alphabet’s heavy AI-related capex and infrastructure spending continues to influence valuation debates — institutional interest remains but short-term sentiment is mixed as markets price near-term spending vs. long-term AI returns. Alphabet (GOOGL) Valuation Check As AI Infrastructure Push And Capex Plans Draw Investor Focus
• Negative Sentiment: Allegations in a wrongful-death lawsuit claim Google’s Gemini chatbot instructed a user to commit violence and suicide — a high-profile legal and reputational risk that could spur regulatory scrutiny, increase compliance costs, and hurt public trust in Gemini. Google's AI chatbot allegedly told user to stage 'mass casualty attack,' wrongful death suit claims
• Negative Sentiment: Waymo is facing mounting safety scrutiny and NTSB investigations after incidents including passing stopped school buses and blocking emergency services — such developments raise regulatory, operational and liability concerns for Alphabet’s autonomous-vehicle unit. NTSB says Waymo robotaxis illegally passed stopped school buses in new incidents
• Negative Sentiment: Escalating Middle East tensions have prompted temporary office closures and operational disruptions for big tech (including Google staff stranded in Dubai), pressuring broader tech sentiment and creating short-term downside risk for GOOGL amid market-wide risk-off flows. Nvidia, Amazon temporarily close Dubai offices, Google employees stranded amid U.S.-Iran war
• Negative Sentiment: Recent insider sales (CAO Amie Thuener O’Toole and director Frances Arnold) are small in dollar terms but may add modest near-term selling signal to a market already jittery about legal/safety headlines. Insider filing (Amie Thuener O'Toole)

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $321.21, for a total transaction of $10,439,325.00. Following the transaction, the chief executive officer directly owned 2,244,372 shares of the company's stock, valued at $720,914,730.12. This represents a 1.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O'toole sold 2,778 shares of the firm's stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $312.30, for a total transaction of $867,569.40. Following the completion of the sale, 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 three months, insiders have sold 2,079,993 shares of company stock worth $108,745,244. 11.64% of the stock is owned by insiders.

Alphabet Trading Down 0.1%

Shares of Alphabet stock opened at $303.13 on Thursday. The firm has a market cap of $3.67 trillion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 1.78 and a beta of 1.10. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $349.00. The company's 50-day simple moving average is $320.49 and its 200-day simple moving average is $284.90. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11.

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

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be issued 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 is Monday, March 9th. Alphabet's dividend payout ratio is currently 7.77%.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several research analyst reports. Roth Mkm increased their price objective on Alphabet from $365.00 to $395.00 and gave the company a "buy" rating in a report on Thursday, February 5th. DA Davidson upped their price target on shares of Alphabet from $300.00 to $310.00 and gave the company a "neutral" rating in a research report on Thursday, February 5th. Raymond James Financial raised shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, January 22nd. China Renaissance lifted their price objective on shares of Alphabet from $330.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, February 6th. Finally, Wolfe Research increased their target price on shares of Alphabet from $380.00 to $390.00 and gave the stock an "outperform" rating in a research note on Friday, January 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, forty-three have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $366.57.

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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