Central Bank & Trust Co. Cuts Stock Holdings in Alphabet Inc. $GOOGL

Central Bank & Trust Co. lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 3.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,331 shares of the information services provider’s stock after selling 3,174 shares during the period. Alphabet makes up approximately 3.6% of Central Bank & Trust Co.’s holdings, making the stock its 3rd biggest position. Central Bank & Trust Co.’s holdings in Alphabet were worth $22,689,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GOOGL. Bridgeway Capital Management LLC raised its stake in shares of Alphabet by 17.9% during the first quarter. Bridgeway Capital Management LLC now owns 88,187 shares of the information services provider’s stock valued at $13,637,000 after acquiring an additional 13,371 shares during the last quarter. Truist Financial Corp increased its holdings in Alphabet by 2.3% in the second quarter. Truist Financial Corp now owns 2,546,012 shares of the information services provider’s stock valued at $448,684,000 after purchasing an additional 56,295 shares during the period. Alaethes Wealth LLC raised its position in Alphabet by 1.1% during the 1st quarter. Alaethes Wealth LLC now owns 7,646 shares of the information services provider’s stock worth $1,182,000 after purchasing an additional 84 shares during the last quarter. Moment Partners LLC lifted its holdings in Alphabet by 9.3% during the 2nd quarter. Moment Partners LLC now owns 5,896 shares of the information services provider’s stock worth $1,039,000 after buying an additional 504 shares during the period. Finally, Welch Group LLC lifted its holdings in Alphabet by 4.0% during the 2nd quarter. Welch Group LLC now owns 64,262 shares of the information services provider’s stock worth $11,325,000 after buying an additional 2,467 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, 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 transaction, the chief accounting officer owned 14,516 shares in the company, valued at approximately $3,629,725.80. This represents a 16.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $283.48, for a total value of $9,213,100.00. Following the completion of the sale, the chief executive officer directly owned 2,337,119 shares of the company’s stock, valued at $662,526,494.12. This trade represents a 1.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 226,128 shares of company stock valued at $63,183,331. 11.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. BNP Paribas assumed coverage on Alphabet in a research note on Monday, November 24th. They issued an “outperform” rating and a $355.00 price target for the company. Daiwa Capital Markets increased their target price on shares of Alphabet from $233.00 to $333.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Wells Fargo & Company raised their price target on shares of Alphabet from $236.00 to $268.00 and gave the stock an “equal weight” rating in a report on Thursday, October 30th. Royal Bank Of Canada restated a “buy” rating and issued a $315.00 price target on shares of Alphabet in a research report on Tuesday, December 2nd. Finally, Canaccord Genuity Group increased their price objective on shares of Alphabet from $270.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average price target of $315.90.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet agreed to acquire data‑center and clean‑energy developer Intersect for $4.75 billion to secure power and capacity for its AI data centers — a move that directly supports Google’s ability to scale generative AI compute and reduces energy‑grid bottlenecks. Alphabet to buy data center infrastructure firm Intersect in $4.75 billion deal
• Positive Sentiment: Sell‑side momentum: Wedbush raised its price target on GOOGL to $350 and kept an outperform rating, which can lift investor sentiment and buying interest into year‑end. Wedbush raises PT on Alphabet to $350
• Neutral Sentiment: Waymo resumed robotaxi service in San Francisco after a recent citywide power outage forced a temporary pause; resumption removes an immediate operational overhang but highlights infrastructure risks for AV deployments. Waymo resumes San Francisco service after power outage pause
• Neutral Sentiment: Positive coverage and analyst notes on Alphabet’s AI and quantum work are reinforcing the narrative that the company is a top AI infrastructure owner — supportive for medium‑term revenue and margin expectations but not an immediate catalyst by itself. What Is One of the Best AI Stocks to Buy and Hold?
• Negative Sentiment: Legal risk: a New York Times reporter sued Google and several AI firms alleging unauthorized use of copyrighted books to train chatbots — this case adds to the sectorwide liability and regulatory uncertainty around training data that could lead to legal costs or product restrictions. New York Times reporter sues Google, xAI, OpenAI over chatbot training

Alphabet Stock Up 0.9%

Alphabet stock opened at $309.78 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $328.83. The firm’s fifty day moving average is $290.50 and its 200 day moving average is $235.73. The company has a market capitalization of $3.74 trillion, a PE ratio of 30.55, a PEG ratio of 1.77 and a beta of 1.07.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The business had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. As a group, sell-side analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

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.