Provident Trust Co. Has $777.89 Million Position in Alphabet Inc. $GOOG

Provident Trust Co. trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 21.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,201,588 shares of the information services provider’s stock after selling 595,464 shares during the period. Alphabet accounts for 16.3% of Provident Trust Co.’s portfolio, making the stock its 2nd biggest position. Provident Trust Co.’s holdings in Alphabet were worth $777,887,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. raised its stake in Alphabet by 1.4% during the second quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock worth $130,704,718,000 after acquiring an additional 5,164,200 shares during the period. State Street Corp grew its holdings in shares of Alphabet by 0.5% during the fourth quarter. State Street Corp now owns 187,102,863 shares of the information services provider’s stock valued at $58,712,878,000 after purchasing an additional 953,790 shares during the last quarter. Auto Owners Insurance Co grew its holdings in shares of Alphabet by 38,409.2% during the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock valued at $5,643,262,000 after purchasing an additional 179,369,280 shares during the last quarter. J. Stern & Co. LLP raised its position in shares of Alphabet by 28,482.8% during the 4th quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock worth $35,174,429,000 after purchasing an additional 111,699,704 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Alphabet by 1.1% during the 4th quarter. JPMorgan Chase & Co. now owns 100,602,893 shares of the information services provider’s stock worth $31,569,189,000 after purchasing an additional 1,073,151 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GOOG has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on Alphabet from $460.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Oppenheimer reiterated an “outperform” rating and issued a $400.00 target price (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Truist Financial reduced their price target on shares of Alphabet from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. HSBC set a $515.00 price target on shares of Alphabet in a research report on Friday, August 14th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Alphabet in a report on Friday, August 14th. Six investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $415.55.

Alphabet Stock Performance

Shares of GOOG stock opened at $339.08 on Friday. Alphabet Inc. has a 12-month low of $226.76 and a 12-month high of $404.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The firm has a market capitalization of $4.15 trillion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 0.97 and a beta of 1.21. The business has a 50 day simple moving average of $346.95 and a 200 day simple moving average of $340.75.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, beating the consensus estimate of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $116.53 billion. During the same quarter in the previous year, the business earned $2.31 EPS. The firm’s revenue for the quarter was up 24.2% on a year-over-year basis. On average, equities research analysts anticipate that Alphabet Inc. will post 20.5 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet’s payout ratio is currently 4.42%.

Insider Buying and Selling

In related news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frances Arnold sold 82 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $337.71, for a total transaction of $27,692.22. Following the transaction, the director directly owned 18,995 shares in the company, valued at approximately $6,414,801.45. The trade was a 0.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 451,925 shares of company stock valued at $12,371,544 over the last 90 days. 12.99% of the stock is currently owned by company insiders.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google launched Gemini 3.8 Flash, including versions designed for coding, agentic tasks and cybersecurity. The release reinforces Alphabet’s effort to close performance gaps with OpenAI and Anthropic and supports the investment case for its AI products and cloud platform. Google’s Gemini 3.8 Flash is built for agents
• Positive Sentiment: New conversational voice features in Gmail, Docs and Keep give users more ways to interact with Google’s AI ecosystem, potentially improving Gemini adoption and monetization across Workspace. Google launches AI voice features in Gmail, Docs and Keep
• Positive Sentiment: Berkshire Hathaway CEO Greg Abel described Alphabet as a significant AI player after Berkshire increased its stake, providing a high-profile vote of confidence in Google’s AI strategy. Berkshire CEO Abel says Alphabet is a significant AI player
• Positive Sentiment: Alphabet’s AI-related energy initiatives—including a 400-megawatt geothermal agreement with Fervo—highlight efforts to secure power for data-center expansion. Strong recent Cloud growth and revenue momentum further support the bullish narrative. Enhanced geothermal notches another win as Google buys 400 MW from Fervo
• Neutral Sentiment: Google’s WeatherNext 3 model and its collaboration on virtual power plants and clean-energy storage expand Alphabet’s technology and infrastructure partnerships, but the near-term financial impact remains uncertain. Google’s new AI weather model could help energy companies
• Negative Sentiment: Alphabet still faces antitrust-related remedies, a securities-fraud investigation announcement and scrutiny over service outages, while its large AI capital-spending program could pressure free cash flow. Reports that a promised Gemini flagship model remains delayed also raise concerns about product execution. Securities fraud investigation into Alphabet continues

Alphabet Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.