Harbour Investments Inc. Has $17.46 Million Holdings in Alphabet Inc. $GOOGL

Harbour Investments Inc. lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 55,794 shares of the information services provider’s stock after selling 2,566 shares during the quarter. Harbour Investments Inc.’s holdings in Alphabet were worth $17,463,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PMV Capital Advisers LLC acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $38,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Alphabet during the 3rd quarter worth approximately $53,000. Kentucky Trust Co grew its position in shares of Alphabet by 142.9% during the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock worth $53,000 after buying an additional 100 shares during the period. iSAM Funds UK Ltd acquired a new stake in shares of Alphabet during the 3rd quarter worth approximately $53,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $69,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOGL opened at $363.31 on Tuesday. The company has a fifty day simple moving average of $354.35 and a 200 day simple moving average of $328.67. Alphabet Inc. has a 12-month low of $162.00 and a 12-month high of $408.61. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The company has a market cap of $4.40 trillion, a P/E ratio of 27.71, a PEG ratio of 1.58 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. Sell-side analysts predict that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s payout ratio is 6.41%.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s long-term AI opportunity remains a major bullish theme, with analysts arguing the company’s heavy investment could support future revenue growth and strengthen its competitive position in search, cloud, and AI. Alphabet: CapEx Pressure Is Real, But The Long-Term AI Opportunity Is Bigger
• Positive Sentiment: Alphabet continues to benefit from broader AI enthusiasm, including reports that Apple is turning to Google for help with its AI overhaul and that Google’s cloud and AI capabilities are being tied to major customer wins and partnerships. Apple tries again on AI, turns to Google for help
• Positive Sentiment: Waymo remains a strategic asset for Alphabet, with new robotaxi-related developments highlighting the unit’s leadership in autonomous driving and potential to unlock long-term value. Uber, Wayve and Waymo are headed towards a robotaxi showdown in London
• Neutral Sentiment: Alphabet is drawing investor attention after its latest earnings results showed strong quarterly performance, including earnings and revenue that beat expectations, which helps support the stock’s long-term valuation. Alphabet Inc. (GOOGL) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Alphabet’s dividend and other capital-return details are also getting attention, but these are unlikely to be the main driver of the stock’s move today. Google to pay dividends next week; Here’s how much 100 GOOGL shares will earn
• Negative Sentiment: Shares are sliding because investors appear worried that Alphabet’s expanding AI spending could pressure margins and require more capital than expected before those investments pay off. What’s Going On With Alphabet Stock?
• Negative Sentiment: Recent market-wide volatility has also weighed on megacap tech stocks, adding to the weakness in Alphabet despite the company’s long-term AI story. Alphabet (GOOGL) Stock Slides as Market Rises: Facts to Know Before You Trade

Insiders Place Their Bets

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction on Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction on Friday, May 29th. The shares were sold at an average price of $381.00, for a total transaction of $38,862.00. Following the completion of the sale, the director directly owned 18,721 shares of the company’s stock, valued at approximately $7,132,701. The trade was a 0.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 193,016 shares of company stock worth $17,282,549 in the last quarter. Insiders own 11.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Tigress Financial set a $415.00 price objective on shares of Alphabet and gave the stock a “strong-buy” rating in a research report on Thursday, February 19th. Roth Mkm reaffirmed a “buy” rating on shares of Alphabet in a research report on Thursday, April 30th. KeyCorp reaffirmed an “overweight” rating and set a $425.00 price objective on shares of Alphabet in a research report on Wednesday, May 20th. Robert W. Baird raised their price objective on shares of Alphabet from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Finally, Mizuho raised their price objective on shares of Alphabet from $420.00 to $460.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $413.13.

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.