HB Wealth Management LLC Acquires 50,697 Shares of Alphabet Inc. $GOOGL

HB Wealth Management LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 13.8% in the third quarter, HoldingsChannel reports. The firm owned 419,167 shares of the information services provider’s stock after acquiring an additional 50,697 shares during the period. Alphabet makes up approximately 0.7% of HB Wealth Management LLC’s holdings, making the stock its 24th largest holding. HB Wealth Management LLC’s holdings in Alphabet were worth $101,900,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of GOOGL. Brighton Jones LLC increased its stake in Alphabet by 3.9% in the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after acquiring an additional 4,110 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after acquiring an additional 506 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. increased its stake in Alphabet by 32.2% during the second quarter. Financiere des Professionnels Fonds d investissement inc. now owns 51,507 shares of the information services provider’s stock worth $9,077,000 after acquiring an additional 12,547 shares during the last quarter. Affiance Financial LLC lifted its stake in shares of Alphabet by 1.0% in the 2nd quarter. Affiance Financial LLC now owns 9,854 shares of the information services provider’s stock valued at $1,737,000 after purchasing an additional 100 shares during the last quarter. Finally, Park Capital Management LLC WI boosted its holdings in shares of Alphabet by 1.1% in the 2nd quarter. Park Capital Management LLC WI now owns 6,005 shares of the information services provider’s stock worth $1,058,000 after purchasing an additional 65 shares during the period. 40.03% of the stock is owned by institutional investors.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Big AI monetization wins — Apple’s decision to build next‑gen Siri on Google’s Gemini (a central catalyst behind Alphabet topping a ~$4 trillion valuation) implies licensing revenue and much broader Gemini distribution, which supports revenue and margins. Read More.
• Positive Sentiment: Analyst backing — recent upgrades and a higher price target (e.g., Bank of America raised its GOOGL target) are propping sentiment and provide near‑term buy‑side support. Read More.
• Positive Sentiment: New commercial partnerships — Google announced a Woolworths pilot to add agentic AI to its Olive chatbot in Australia, expanding potential retail use cases and distribution for Google’s AI services. Read More.
• Neutral Sentiment: Competitive positioning — DeepMind leadership and comments that Chinese models are “months” behind support Alphabet’s technical edge, but competition remains intense and will keep investment cycles high. Read More.
• Negative Sentiment: Antitrust fallout — Google asked a judge to defer an order forcing it to share search data while it appeals a ruling that found an illegal monopoly in search; ongoing remedies or eventual enforcement could materially affect the core search business and ad economics. Read More.
• Negative Sentiment: Copyright litigation risk — major publishers are seeking to join a class action alleging Google used copyrighted material to train its AI, creating potential licensing costs, damages or restrictions on training data. Read More.
• Negative Sentiment: Infrastructure headwinds — Google warns U.S. transmission system constraints are slowing data‑center hookups and could raise capex and delay cloud/AI capacity expansion, pressuring near‑term margins. Read More.
• Negative Sentiment: Insider selling — a disclosed director sale (600 shares) is small but adds to mixed sentiment amid other headwinds. Read More.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 2,244,372 shares in the company, valued at approximately $720,914,730.12. This trade represents a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Hennessy sold 600 shares of the stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $337.52, for a total value of $202,512.00. Following the completion of the transaction, the director owned 21,224 shares of the company’s stock, valued at $7,163,524.48. The trade was a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 189,909 shares of company stock valued at $57,927,282 in the last three months. 11.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. New Street Research raised their price objective on shares of Alphabet from $275.00 to $295.00 in a research note on Friday, October 24th. BNP Paribas Exane initiated coverage on Alphabet in a research note on Monday, November 24th. They issued an “outperform” rating and a $355.00 price objective on the stock. Guggenheim reaffirmed a “buy” rating and set a $375.00 target price (up from $330.00) on shares of Alphabet in a research report on Monday, December 1st. President Capital upped their target price on Alphabet from $258.00 to $323.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, Truist Financial set a $350.00 price target on Alphabet and gave the company a “buy” rating in a research note on Friday, December 5th. Three investment analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.31.

Alphabet Stock Down 0.8%

Alphabet stock opened at $330.00 on Monday. The stock has a market capitalization of $3.98 trillion, a PE ratio of 32.54, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08. The business has a 50 day simple moving average of $311.33 and a 200-day simple moving average of $255.38. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $340.49.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping the consensus estimate of $2.29 by $0.58. The company had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%. On average, analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s payout ratio is presently 8.28%.

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.