Alphabet Inc. $GOOGL Stake Lowered by Mechanics Bank Trust Department

Mechanics Bank Trust Department cut its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,900 shares of the information services provider’s stock after selling 1,990 shares during the quarter. Alphabet makes up 3.9% of Mechanics Bank Trust Department’s portfolio, making the stock its 4th biggest holding. Mechanics Bank Trust Department’s holdings in Alphabet were worth $27,932,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Financial Gravity Companies Inc. acquired a new stake in shares of Alphabet during the 2nd quarter valued at about $31,000. CarsonAllaria Wealth Management Ltd. raised its position in Alphabet by 36.4% during the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after acquiring an additional 67 shares in the last quarter. Corsicana & Co. acquired a new stake in Alphabet in the third quarter valued at approximately $54,000. Vermillion & White Wealth Management Group LLC grew its position 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 worth $57,000 after acquiring an additional 89 shares in the last quarter. Finally, Christopher J. Hasenberg Inc grew its position in Alphabet by 77.6% in the second quarter. Christopher J. Hasenberg Inc now owns 348 shares of the information services provider’s stock worth $61,000 after acquiring an additional 152 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 102 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $313.45, for a total transaction of $31,971.90. Following the completion of the transaction, the director owned 18,205 shares of the company’s stock, valued at approximately $5,706,357.25. This represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $312.30, for a total transaction of $867,569.40. Following the completion of the sale, the chief accounting officer owned 8,962 shares of the company’s stock, valued at approximately $2,798,832.60. The trade was a 23.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 189,309 shares of company stock worth $57,724,770. 11.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Rosenblatt Securities lifted their price objective on shares of Alphabet from $224.00 to $279.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Wolfe Research set a $380.00 price target on Alphabet and gave the stock an “outperform” rating in a research report on Monday, January 5th. BMO Capital Markets upped their price target on Alphabet from $340.00 to $343.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 16th. Needham & Company LLC increased their price objective on Alphabet from $260.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Evercore ISI boosted their target price on Alphabet from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $326.31.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Major strategic wins for Gemini — Apple has chosen Google’s Gemini as the foundation for next‑generation Siri and broader device integrations, giving Alphabet unmatched distribution and a potential licensing revenue stream that underpins the recent rally. Why Apple Chose Google to Power the Future of AI
• Positive Sentiment: Product commercialization accelerating — Google launched a Personal Intelligence beta in the Gemini app (and is rolling Gemini features into Gmail), signaling faster product rollouts and clearer paths to monetize AI across Google’s services. Google launches Personal Intelligence in Gemini app
• Positive Sentiment: Analyst upgrades and valuation milestone — Alphabet surpassed a $4 trillion market cap and received buy‑side bullishness (including a Bank of America price target raise), which supports further multiple expansion and momentum chasing. Alphabet Tops $4 Trillion Valuation
• Neutral Sentiment: Supply chain / hardware moves — Reports Google will develop and manufacture high‑end phones in Vietnam this year; long term this can diversify supply chains but it’s early and capex/timing make the near‑term impact modest. Google to develop, manufacture smartphones in Vietnam
• Neutral Sentiment: Sector dynamics — Articles on data‑infrastructure winners (e.g., Pure Storage) and Microsoft’s retail AI moves highlight rising demand for data centers and competition across the AI stack; these trends are broadly supportive for Alphabet’s cloud/AI TAM but also signal intensifying competition and higher capital intensity. Best Growth Stocks to Buy in 2026
• Negative Sentiment: Power and grid bottlenecks — Google executives say U.S. electrical transmission constraints and decade‑plus wait times to connect new data centers are the biggest obstacle to scaling, which could slow capacity expansion and raise deployment/capex risk. Google says US transmission system is biggest challenge
• Negative Sentiment: App‑store / reputational pressure — A coalition is urging Google to remove X and Grok from app stores, creating potential regulatory/PR friction around content moderation and platform responsibilities that could lead to policy scrutiny or compliance costs. Women’s groups call on Apple, Google to drop X and Grok

Alphabet Price Performance

NASDAQ GOOGL opened at $335.84 on Thursday. The stock has a 50-day simple moving average of $309.35 and a 200 day simple moving average of $252.67. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $340.49. The stock has a market capitalization of $4.05 trillion, a PE ratio of 33.12, a P/E/G ratio of 1.85 and a beta of 1.08. 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 issued its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping the consensus estimate of $2.29 by $0.58. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The company had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. Research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

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

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.