Trust Point Inc. Decreases Position in Alphabet Inc. $GOOGL

Trust Point Inc. lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 7.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,920 shares of the information services provider’s stock after selling 3,222 shares during the quarter. Alphabet comprises 0.8% of Trust Point Inc.’s portfolio, making the stock its 17th largest position. Trust Point Inc.’s holdings in Alphabet were worth $9,948,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Alphabet by 1.3% during the second quarter. Vanguard Group Inc. now owns 516,559,609 shares of the information services provider’s stock valued at $91,033,300,000 after purchasing an additional 6,733,278 shares during the period. State Street Corp grew its holdings in Alphabet by 1.8% during the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock valued at $40,524,841,000 after purchasing an additional 4,008,374 shares in the last quarter. Geode Capital Management LLC increased its stake in Alphabet by 3.1% during the 2nd quarter. Geode Capital Management LLC now owns 141,615,284 shares of the information services provider’s stock worth $24,857,017,000 after buying an additional 4,224,497 shares during the period. Norges Bank acquired a new position in Alphabet in the 2nd quarter worth $21,944,208,000. Finally, Invesco Ltd. boosted its position in Alphabet by 1.2% in the 2nd quarter. Invesco Ltd. now owns 44,151,820 shares of the information services provider’s stock valued at $7,780,875,000 after buying an additional 503,306 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

GOOGL stock opened at $314.06 on Thursday. The stock’s 50 day simple moving average is $293.14 and its 200 day simple moving average is $237.26. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $328.83. The firm has a market cap of $3.79 trillion, a P/E ratio of 30.97, a P/E/G ratio of 1.81 and a beta of 1.07. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The firm had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. As a group, equities research analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is currently 8.28%.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 17,816 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the completion of the transaction, the insider directly owned 42,985 shares of the company’s stock, valued at approximately $10,635,348.70. This represents a 29.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total value of $694,638.90. Following the sale, the chief accounting officer owned 14,516 shares in the company, valued at $3,629,725.80. The trade was a 16.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 226,128 shares of company stock worth $63,183,331 over the last ninety days. Company insiders own 11.64% of the company’s stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet agreed to acquire Intersect for about $4.75 billion to secure data?center and energy capacity needed for AI growth — a strategic bolt?on that reduces infrastructure risk and supports future revenue from Google Cloud and AI workloads. Alphabet agrees to buy Intersect for $4.75bn
• Positive Sentiment: Analysts point to a large Google Cloud backlog (reported at ~$155 billion) and strong AI/security demand — a revenue and margin tailwind that underpins near?term earnings visibility. AI & Security Push Aids Google Cloud
• Positive Sentiment: Large investors and some hedge funds have been buying into AI leaders including Alphabet, signaling continued institutional conviction behind the stock’s multi?year thesis. Billionaires Buy 2 Trillion-Dollar AI Stocks
• Neutral Sentiment: MarketBeat highlights the recent pullback as a technical consolidation rather than a trend break — useful context for investors assessing whether to add on weakness. Alphabet’s Pullback After a Big Year—Is This the Dip to Buy?
• Neutral Sentiment: Alphabet?backed Motive filed for an IPO, reflecting continued activity in Alphabet’s investment ecosystem but with limited direct near?term impact on GOOGL fundamentals. Motive files for IPO
• Neutral Sentiment: Reported short?interest data in December looks anomalous/insufficient (zeros/NaN) and shouldn’t be treated as a reliable signal today — no clear short squeeze risk is evident from the data provided.
• Neutral Sentiment: Nvidia’s licensing and talent hires from Groq underscore intense competition across AI infrastructure suppliers; this is more a sector dynamic than an Alphabet?specific event. Nvidia hires Groq talent
• Negative Sentiment: Waymo vehicle stalls during a San Francisco power outage prompted regulator scrutiny and commitments to fleetwide software/emergency protocol updates — a near?term operational and PR headwind that raises regulatory/operational risk for Alphabet’s autonomous?vehicle unit. Waymo vows to improve emergency response protocols

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GOOGL. Oppenheimer lifted their target price on Alphabet from $270.00 to $300.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. JPMorgan Chase & Co. increased their price target on Alphabet from $340.00 to $385.00 and gave the company an “overweight” rating in a report on Friday, December 12th. BMO Capital Markets lifted their price objective on Alphabet from $340.00 to $343.00 and gave the stock an “outperform” rating in a report on Tuesday, December 16th. Barclays reaffirmed an “overweight” rating and issued a $315.00 target price (up from $250.00) on shares of Alphabet in a research report on Thursday, October 30th. Finally, Phillip Securities raised shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, November 7th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $315.90.

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.