Private Harbour Investment Management & Counsel LLC Sells 2,483 Shares of Alphabet Inc. $GOOGL

Key Points

• Private Harbour Investment Management & Counsel LLC cut its Alphabet stake by 15.5% in the second quarter, selling 2,483 shares and retaining 13,544 shares valued at approximately $4.84 million. Alphabet remains the firm’s fourth-largest holding and represents 5.8% of its portfolio.
• Alphabet’s latest quarterly results significantly exceeded expectations, with earnings of $9.11 per share and revenue of $119.8 billion versus estimates of $2.89 and $117.07 billion, respectively. The company also announced a quarterly dividend of $0.22 per share.
• Analysts remain broadly positive, with Alphabet carrying a consensus “Buy” rating and an average price target of $420.19, though the company faces potential legal scrutiny and concerns about the cost and power demands of its AI infrastructure expansion.

Private Harbour Investment Management & Counsel LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 15.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,544 shares of the information services provider's stock after selling 2,483 shares during the quarter. Alphabet comprises approximately 5.8% of Private Harbour Investment Management & Counsel LLC's portfolio, making the stock its 4th biggest holding. Private Harbour Investment Management & Counsel LLC's holdings in Alphabet were worth $4,840,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GOOGL. Flputnam Investment Management Co. boosted its position in Alphabet by 12.2% during the second quarter. Flputnam Investment Management Co. now owns 734,541 shares of the information services provider's stock worth $262,503,000 after purchasing an additional 80,071 shares in the last quarter. Thornburg Investment Management Inc. increased its position in shares of Alphabet by 14.9% in the second quarter. Thornburg Investment Management Inc. now owns 488,051 shares of the information services provider's stock valued at $174,415,000 after buying an additional 63,109 shares in the last quarter. Spinnaker Trust raised its stake in shares of Alphabet by 2.1% during the 2nd quarter. Spinnaker Trust now owns 48,398 shares of the information services provider's stock worth $17,296,000 after buying an additional 1,004 shares during the last quarter. Greenleaf Trust raised its stake in shares of Alphabet by 0.9% during the 2nd quarter. Greenleaf Trust now owns 292,090 shares of the information services provider's stock worth $104,384,000 after buying an additional 2,723 shares during the last quarter. Finally, Delta Asset Management LLC TN boosted its position in shares of Alphabet by 0.7% in the 2nd quarter. Delta Asset Management LLC TN now owns 6,190 shares of the information services provider's stock worth $2,212,000 after buying an additional 45 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google agreed to secure nuclear power for 22 years, reportedly locking in roughly half of a plant’s output through 2049. The deal could provide more predictable electricity costs and reliable power for energy-intensive AI data centers, strengthening Alphabet’s infrastructure position. Alphabet Jumps 2.5% After Locking In 22 Years of Nuclear Power
• Positive Sentiment: Google completed its acquisition of AI startup Mechanize in a deal reportedly valued at more than $1.5 billion. Mechanize’s former CEO and other employees are joining Google, potentially adding talent focused on AI agents and automation. Google just completed its $1.5 billion-plus deal for AI startup Mechanize
• Positive Sentiment: Investor commentary highlighted Alphabet’s strong AI and cloud outlook. Google Cloud is reportedly growing 82% year over year, while Alphabet’s Gemini technology is expanding into professional video-editing software, supporting the case that AI can broaden enterprise revenue beyond search advertising. Microsoft Vs. Alphabet: The Enterprise Fight No One Saw Coming
• Positive Sentiment: Recent coverage continues to present Alphabet as attractively valued relative to its growth prospects. The company’s latest reported quarter exceeded expectations, with earnings of $9.11 per share versus a $2.89 consensus estimate and revenue of $119.8 billion versus $117.07 billion expected.
• Neutral Sentiment: Alphabet’s inclusion among major AI and cloud beneficiaries, along with Berkshire Hathaway’s reported position in the company, may support investor interest but does not represent a new operating catalyst. Berkshire Hathaway Has a New Top Holding, and It Dominates Its Market
• Negative Sentiment: A law firm said it is continuing an investigation into possible federal securities-law violations involving Alphabet. The announcement does not establish wrongdoing, but it introduces a potential legal and reputational overhang. Securities Fraud Investigation Into Alphabet Continues
• Negative Sentiment: Alphabet faces scrutiny over the scale of AI infrastructure spending, potential financing pressure across the AI industry, and electricity-demand concerns related to new data centers. Finland opposition parties have warned that Google’s expansion could strain local power supplies and raise energy costs. Finland Risks Strained Power Supply After Google AI Deal

Alphabet Price Performance

GOOGL opened at $338.50 on Friday. Alphabet Inc. has a 1 year low of $235.84 and a 1 year high of $408.61. The company's 50 day simple moving average is $346.75 and its 200 day simple moving average is $343.66. The stock has a market capitalization of $4.14 trillion, a PE ratio of 17.00, a P/E/G ratio of 0.98 and a beta of 1.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.89 by $6.22. The firm had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. As a group, sell-side analysts expect that Alphabet Inc. will post 20.52 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet's payout ratio is currently 4.42%.

Insider Transactions at Alphabet

In related news, 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 directly owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 451,925 shares of company stock worth $12,371,544 in the last ninety days. Insiders own 11.61% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Roth Capital restated a "buy" rating and set a $440.00 target price (up from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Wall Street Zen cut shares of Alphabet from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $425.00 target price on shares of Alphabet in a research note on Thursday, July 23rd. BMO Capital Markets set a $465.00 target price on Alphabet and gave the company an "outperform" rating in a report on Thursday, July 23rd. Finally, DA Davidson set a $350.00 price target on Alphabet and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $420.19.

Alphabet Profile

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet's largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.

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