Alphabet Inc. $GOOGL Stock Position Reduced by WASHINGTON TRUST Co

WASHINGTON TRUST Co lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 386,337 shares of the information services provider’s stock after selling 5,583 shares during the quarter. Alphabet accounts for approximately 4.0% of WASHINGTON TRUST Co’s holdings, making the stock its 2nd largest holding. WASHINGTON TRUST Co’s holdings in Alphabet were worth $132,931,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. EMC Capital Management acquired a new stake in Alphabet in the 2nd quarter worth approximately $35,000. Core Capital Management & Research inc. acquired a new position in Alphabet during the 2nd quarter valued at approximately $41,000. Intelligent Financial Strategies acquired a new position in Alphabet during the 3rd quarter valued at approximately $41,000. Premier Financial Group acquired a new position in Alphabet during the 2nd quarter valued at approximately $45,000. Finally, Van Den Berg Management I Inc. raised its holdings in shares of Alphabet by 319.6% in the first quarter. Van Den Berg Management I Inc. now owns 214 shares of the information services provider’s stock worth $61,000 after buying an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results support Alphabet’s position as a major beneficiary of enterprise AI demand. Alphabet’s Cloud Business Just Doubled
• Positive Sentiment: Several analysts remain constructive after the selloff. Guggenheim and Needham reaffirmed “buy” ratings with $450 targets, while Citigroup and Wells Fargo retained bullish ratings and projected substantial upside despite lowering their targets.
• Positive Sentiment: Alphabet’s AI ecosystem could gain from rising demand for cloud capacity and specialized chips. Waymo is also expanding internationally through a partnership with Toyota, although the business remains small relative to Alphabet’s core operations. Waymo taps Toyota to supply robotaxis
• Neutral Sentiment: Multiple securities law firms publicized class-action lawsuits and lead-plaintiff deadlines tied to alleged disclosures about Alphabet’s Gemini AI development. These notices add headline risk, but their direct financial impact remains uncertain.
• Negative Sentiment: Alphabet reported adjusted earnings of $2.12 per share, below consensus near $2.94-$3.02, while revenue of $127.6 billion also missed expectations. Search and other revenue grew about 12% to roughly $63 billion, but fell short of forecasts, reinforcing fears that AI-generated answers and “AI mode” searches may monetize less effectively than traditional Search.
• Negative Sentiment: AI infrastructure spending caused free cash flow to remain negative by roughly $9.1 billion for a second consecutive quarter. Investors are questioning whether the enormous capital outlays will produce adequate returns and whether Alphabet may need additional debt or equity financing.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment reduced quarterly earnings by approximately $0.55 per share, while an EU antitrust fine further pressured results. Analysts including RBC, Wells Fargo, Citigroup, Wedbush, KeyCorp and Cantor Fitzgerald lowered price targets, even though most maintained positive ratings.

Analyst Ratings Changes

A number of research firms have issued reports on GOOGL. Barclays reaffirmed an “overweight” rating and issued a $405.00 price target (down from $425.00) on shares of Alphabet in a report on Thursday. Freedom Capital raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Tigress Financial reissued a “strong-buy” rating and issued a $485.00 target price (up from $415.00) on shares of Alphabet in a research report on Thursday, September 17th. Wall Street Zen lowered Alphabet from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Cantor Fitzgerald reduced their target price on Alphabet from $420.00 to $350.00 and set an “overweight” rating for the company in a research note on Thursday. Five research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $410.46.

Alphabet Stock Performance

GOOGL opened at $279.84 on Friday. Alphabet Inc. has a 12-month low of $270.70 and a 12-month high of $408.61. The company has a current ratio of 2.79, a quick ratio of 2.64 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $3.42 trillion, a PE ratio of 14.61, a P/E/G ratio of 0.83 and a beta of 1.21. The firm has a 50 day moving average of $339.07 and a two-hundred day moving average of $340.17.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.90). The business had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.96 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. On average, analysts anticipate that Alphabet Inc. will post 20.40 EPS for the current year.

Insider Activity

In related news, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the transaction, the director owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 247 shares of company stock worth $79,238 over the last three months. Company insiders own 11.61% of the company’s stock.

Alphabet Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.