Safe Harbor Family Capital LLC Acquires Shares of 1,536 Alphabet Inc. $GOOGL

Key Points

• Safe Harbor Family Capital LLC opened a new position in Alphabet, buying 1,536 shares valued at about $481,000 in the fourth quarter. Alphabet now represents roughly 0.4% of the firm’s portfolio.
• Alphabet continues to draw strong institutional and analyst support, with multiple firms raising price targets and the stock holding a Moderate Buy consensus rating. The article notes 47 Buy ratings and a consensus price target of $411.23.
• The company is benefiting from a broad AI push, including a proposed $5 billion AI infrastructure venture with Blackstone and growing usage of Gemini and AI Overviews. Alphabet also reported strong quarterly results and raised its dividend to $0.22 per share.

Safe Harbor Family Capital LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,536 shares of the information services provider's stock, valued at approximately $481,000. Alphabet accounts for approximately 0.4% of Safe Harbor Family Capital LLC's holdings, making the stock its 23rd largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PMV Capital Advisers LLC bought a new stake in Alphabet in the fourth quarter valued at approximately $38,000. Kentucky Trust Co raised its stake in Alphabet by 142.9% in the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock valued at $53,000 after buying an additional 100 shares during the period. iSAM Funds UK Ltd bought a new position in shares of Alphabet during the third quarter worth approximately $53,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Alphabet during the third quarter worth approximately $53,000. Finally, Nvest Wealth Strategies Inc. bought a new position in shares of Alphabet during the fourth quarter worth approximately $69,000. Institutional investors own 40.03% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet and Blackstone announced a $5 billion AI infrastructure joint venture to build TPU-powered cloud capacity, which could deepen demand for Google’s custom chips and expand its AI ecosystem. Google, Blackstone to create new AI cloud company, WSJ reports
• Positive Sentiment: Google I/O showcased a broad AI push across Search, Gemini, Workspace, shopping, and video tools, reinforcing the idea that Alphabet is monetizing AI rather than just defending against rivals. Google debuts new AI models, personal AI agents in effort to keep pace with OpenAI and Anthropic
• Positive Sentiment: Analyst sentiment remains constructive, with Arete Research lifting its price target to $425 and maintaining a buy rating, signaling continued upside expectations. Arete Research adjusts price target on Alphabet to $425 from $405
• Positive Sentiment: Alphabet said Gemini now has 900 million monthly users and AI Overviews has 2.5 billion monthly users, suggesting its AI products are already reaching scale. Google kicks off I/O conference with AI upgrades for coders, consumers
• Neutral Sentiment: Alphabet disclosed insider sales by a major shareholder, but the transactions appear routine and are not, by themselves, a strong fundamental signal. SEC filing
• Negative Sentiment: Some investors are uneasy that Google’s AI-heavy search redesign could disrupt the company’s core ad model, especially as the “ten blue links” era fades. Google Search as you know it is over
• Negative Sentiment: There is also headline risk from broader scrutiny around platform responsibility and YouTube youth-safety issues, which may keep some investors cautious. Alphabet’s $5 Trillion Milestone: How AI Ambitions Are Fueling Google’s Record Run

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Roth Mkm reiterated a "buy" rating on shares of Alphabet in a research note on Thursday, April 30th. HSBC increased their target price on Alphabet from $385.00 to $435.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Citigroup reiterated an "outperform" rating on shares of Alphabet in a research note on Monday, May 4th. Rosenblatt Securities increased their target price on Alphabet from $357.00 to $393.00 and gave the stock a "neutral" rating in a research note on Thursday, April 30th. Finally, Loop Capital increased their target price on Alphabet from $355.00 to $490.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $411.23.

Insider Activity

In other Alphabet news, insider John Kent Walker sold 8,993 shares of the firm's stock in a transaction on Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the transaction, the insider owned 51,808 shares in the company, valued at $14,293,309.12. This trade represents a 14.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total value of $348,232.50. Following the transaction, the director owned 3,581 shares in the company, valued at approximately $1,187,638.65. This trade represents a 22.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 226,481 shares of company stock worth $27,422,061. 11.61% of the stock is currently owned by insiders.

Alphabet Price Performance

Alphabet stock opened at $387.66 on Wednesday. The stock's fifty day moving average price is $333.00 and its two-hundred day moving average price is $319.32. Alphabet Inc. has a one year low of $162.00 and a one year high of $408.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market cap of $4.70 trillion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 1.70 and a beta of 1.26.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. As a group, research analysts expect that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet's dividend payout ratio is 6.41%.

About Alphabet

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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