Beacon Harbor Wealth Advisors Inc. Takes $7.67 Million Position in Alphabet Inc. $GOOGL

Beacon Harbor Wealth Advisors Inc. purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 31,555 shares of the information services provider’s stock, valued at approximately $7,671,000. Alphabet makes up 1.8% of Beacon Harbor Wealth Advisors Inc.’s investment portfolio, making the stock its 18th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vantage Financial Partners LLC raised its holdings in shares of Alphabet by 2.0% during the third quarter. Vantage Financial Partners LLC now owns 2,907 shares of the information services provider’s stock worth $707,000 after purchasing an additional 57 shares during the period. Hobbs Wealth Management LLC raised its stake in Alphabet by 14.9% during the third quarter. Hobbs Wealth Management LLC now owns 3,254 shares of the information services provider’s stock worth $791,000 after acquiring an additional 423 shares during the period. ELCO Management Co. LLC lifted its holdings in Alphabet by 45.0% in the third quarter. ELCO Management Co. LLC now owns 4,030 shares of the information services provider’s stock worth $980,000 after acquiring an additional 1,250 shares during the last quarter. ABN AMRO Bank N.V. lifted its holdings in Alphabet by 82.7% in the third quarter. ABN AMRO Bank N.V. now owns 544,969 shares of the information services provider’s stock worth $132,185,000 after acquiring an additional 246,618 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC grew its stake in Alphabet by 1.2% during the 3rd quarter. Castlekeep Investment Advisors LLC now owns 9,659 shares of the information services provider’s stock worth $2,348,000 after buying an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google and Apple are adding music-focused generative-AI features to core apps, showing Alphabet’s AI tech is moving into mainstream consumer experiences that can drive engagement and ad/licensing opportunities. Google Gemini, Apple add music-focused generative AI features
• Positive Sentiment: Google will develop AI tools with Sea Ltd for e-commerce and gaming in Southeast Asia — a tie-up that expands Google Cloud and AI reach in high-growth markets, boosting potential cloud revenue. Google, Shopee-owner Sea to develop AI tools for e-commerce, gaming
• Positive Sentiment: Industry mega-deals like the NVIDIA–Meta expansion reinforce massive, multiyear demand for AI compute — a tailwind for Google Cloud (inference/deployment demand) as hyperscalers lock in infrastructure spending. NVIDIA and Meta Deepen Their AI Alliance
• Positive Sentiment: Big investors remain supportive: Berkshire Hathaway kept its Alphabet stake in recent filings and other high-profile investors (e.g., David Tepper) have increased exposure — signals of institutional confidence in Alphabet’s cloud/AI strategy. Berkshire & AI Hyperscalers: Buffett Holds GOOGL, Dumps AMZN
• Neutral Sentiment: Booking Holdings’ stock-split/earnings story spotlights Google’s Travel/AI booking capabilities — the piece underscores competitive dynamics (Google can disintermediate travel booking) but it’s more relevant as industry context than an immediate revenue swing for Alphabet. Booking Holdings Split: The Catalyst Wall Street Didn’t See Coming
• Negative Sentiment: Insider selling: Director John Hennessy sold 600 shares (filed in mid-February) — a small but visible insider sale that can amplify short-term selling narratives. Alphabet Director John Hennessy Sells 600 Shares
• Negative Sentiment: Waymo/regulatory and operational noise: New York regulatory shifts and scrutiny around remote-assistance in robotaxis constrain Waymo’s expansion and keep a regulatory overhang on Alphabet’s AV ambitions. New York Gov. Hochul drops robotaxi service proposal for outside NYC
• Negative Sentiment: Service reliability and cost concerns: A YouTube outage and commentary about Alphabet’s heavy CapEx for AI compute contribute to short-term profit-taking and worries about near-term margins. YouTube outage hits over 32,000 users

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GOOGL. Pivotal Research boosted their price objective on Alphabet from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Arete Research increased their price target on Alphabet from $380.00 to $405.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Wolfe Research raised their price target on shares of Alphabet from $380.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Raymond James Financial upgraded Alphabet from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $385.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $365.86.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 933 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $336.55, for a total value of $314,001.15. Following the completion of the transaction, the chief accounting officer directly owned 9,916 shares of the company’s stock, valued at approximately $3,337,229.80. The trade was a 8.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 47,574 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the transaction, the insider directly owned 13,227 shares in the company, valued at approximately $3,987,279.15. This represents a 78.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 2,079,982 shares of company stock worth $109,267,889. 11.64% of the stock is currently owned by insiders.

Alphabet Trading Down 0.2%

Shares of Alphabet stock opened at $302.85 on Friday. The firm has a market capitalization of $3.66 trillion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 1.78 and a beta of 1.09. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $349.00. The company’s fifty day moving average price is $320.20 and its two-hundred day moving average price is $277.46.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.25. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The company had revenue of $113.83 billion for the quarter, compared to analyst estimates of $111.24 billion. On average, analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. Alphabet’s payout ratio is presently 7.77%.

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.