Bank Pictet & Cie Europe AG Sells 33,647 Shares of Alphabet Inc. $GOOGL

Bank Pictet & Cie Europe AG lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.2% in the third quarter, Holdings Channel.com reports. The firm owned 1,511,084 shares of the information services provider’s stock after selling 33,647 shares during the period. Alphabet comprises 7.3% of Bank Pictet & Cie Europe AG’s portfolio, making the stock its 4th largest holding. Bank Pictet & Cie Europe AG’s holdings in Alphabet were worth $367,345,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GOOGL. Financial Gravity Companies Inc. acquired a new position in Alphabet during the 2nd quarter worth $31,000. CarsonAllaria Wealth Management Ltd. lifted its position in shares of Alphabet by 36.4% during the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock worth $44,000 after purchasing an additional 67 shares during the last quarter. Corsicana & Co. acquired a new position in Alphabet in the third quarter worth about $54,000. Vermillion & White Wealth Management Group LLC increased its holdings in Alphabet by 37.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock valued at $57,000 after buying an additional 89 shares during the last quarter. Finally, Christopher J. Hasenberg Inc raised its stake in Alphabet by 77.6% during the second quarter. Christopher J. Hasenberg Inc now owns 348 shares of the information services provider’s stock valued at $61,000 after buying an additional 152 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $321.21, for a total transaction of $10,439,325.00. Following the completion of the transaction, the chief executive officer owned 2,244,372 shares of the company’s stock, valued at approximately $720,914,730.12. The trade was a 1.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $308.19, for a total transaction of $184,914.00. Following the completion of the sale, the director owned 3,916 shares in the company, valued at approximately $1,206,872.04. The trade was a 13.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 225,187 shares of company stock valued at $66,695,036 in the last three months. 11.64% of the stock is currently owned by company insiders.

Alphabet Price Performance

NASDAQ GOOGL opened at $328.57 on Friday. The stock has a market capitalization of $3.96 trillion, a P/E ratio of 32.40, a P/E/G ratio of 1.81 and a beta of 1.08. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $330.83. The business’s fifty day moving average is $306.19 and its two-hundred day moving average is $249.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75.

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, topping the consensus estimate of $2.29 by $0.58. The business had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. On average, research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI & advertising momentum: Analysts and media posit that Alphabet’s Gemini/AI-search progress and a strong advertising engine are driving a renewed rally and expectations that the company can join the $4 trillion market-cap group. Prediction: This Artificial Intelligence Stock Will Become a Member of the $4 Trillion Club in 2026
• Positive Sentiment: Market-cap milestone: Alphabet has overtaken Apple to become the world’s second-most valuable public company — a status shift that can attract index/ETF flows and underpins momentum. Google Claims Apple’s Spot on Most-Valuable-Companies List
• Positive Sentiment: Wall Street upgrades: Multiple analysts have raised price targets and issued bullish notes heading into 2026, reinforcing institutional demand and supporting higher valuations. Analyst revises Google stock price target for the next 12 months
• Neutral Sentiment: Wiz acquisition pending EU decision: The EU will decide on Alphabet’s $32B Wiz buy by Feb. 10 — resolution will remove a major overhang but could bring remedies or conditions. EU antitrust regulators to decide on Google’s Wiz deal by February 10
• Neutral Sentiment: Lawsuit settlements on AI chatbots: Alphabet and Character.AI settled suits tied to minors’ harm, which reduces immediate legal uncertainty but keeps reputational and regulatory scrutiny active. Google and Character.AI to Settle Lawsuit Over Teenager’s Death
• Negative Sentiment: App-store pressure from U.S. senators: Three Democratic senators urged Apple and Google to suspend Elon Musk’s X and Grok apps after allegations that Grok-enabled image generation facilitated sexualized images of minors — this directly implicates Google’s Play Store and could invite political/regulatory attention. Grok and X should be suspended from Apple, Google app stores, Democratic senators say
• Negative Sentiment: Insider selling: CEO Sundar Pichai sold 32,500 shares (SEC filing). The sale is small relative to his holdings but can be viewed negatively by some market participants. Sundar Pichai stock sale filing
• Negative Sentiment: Talent poaching: Nvidia hired a senior Google marketing executive as CMO — a signal that top talent is mobile amid fierce AI competition, which could concern investors about retention. Nvidia Hires Google Veteran as Its First Chief Marketing Officer

Analyst Ratings Changes

A number of equities analysts have commented on GOOGL shares. Stifel Nicolaus set a $333.00 price objective on shares of Alphabet in a report on Thursday, October 30th. Wedbush reissued an “outperform” rating and set a $350.00 target price (up from $320.00) on shares of Alphabet in a report on Friday, December 19th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $365.00 price target (up from $320.00) on shares of Alphabet in a report on Monday, January 5th. Robert W. Baird boosted their price objective on shares of Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a research report on Monday, September 22nd. Finally, Arete Research increased their price objective on shares of Alphabet from $300.00 to $380.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Three investment analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.19.

Alphabet 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.