Alphabet Inc. $GOOGL is Eastern Bank’s 6th Largest Position

Eastern Bank reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.0% during the third quarter, Holdings Channel reports. The institutional investor owned 764,235 shares of the information services provider’s stock after selling 40,605 shares during the quarter. Alphabet comprises 3.3% of Eastern Bank’s portfolio, making the stock its 6th biggest holding. Eastern Bank’s holdings in Alphabet were worth $185,786,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Alphabet by 3.9% during the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after purchasing an additional 4,110 shares during the period. Revolve Wealth Partners LLC increased its holdings in Alphabet by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock valued at $2,826,000 after purchasing an additional 506 shares during the period. Kooman & Associates bought a new position in Alphabet during the 2nd quarter valued at approximately $229,000. Signet Financial Management LLC lifted its holdings in Alphabet by 0.9% in the 2nd quarter. Signet Financial Management LLC now owns 9,813 shares of the information services provider’s stock worth $1,729,000 after buying an additional 87 shares during the period. Finally, Signal Tree Financial Partners LLC bought a new stake in shares of Alphabet in the 2nd quarter worth approximately $201,000. Institutional investors own 40.03% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Multiple analyst actions and raised targets have lifted sentiment — RBC reaffirmed its “buy” rating, Needham kept a buy with a $330 target, Raymond James upgraded the stock, and at least one shop lifted its price target to $390, supporting higher valuations. MarketScreener: RBC remains its buy rating Alphabet Price Target Raised to $390
• Positive Sentiment: High-profile portfolio activity (the “Pelosi” filing) signaled continued conviction in large-cap tech/AI exposure via option-based leverage — a bullish sign that large investors are maintaining exposure to Alphabet while optimizing capital. Pelosi’s Bullish 2026 Buy List: AI, Power & Dividends
• Positive Sentiment: Alphabet’s VC arm participated in a $200M funding round for AI video startup Synthesia, reinforcing the company’s continued strategic bets in the AI ecosystem and potential downstream product/partnership benefits for Google Cloud and AI services. Nvidia and Alphabet VC arms back Synthesia
• Neutral Sentiment: Ongoing Magnificent Seven coverage and bullish AI narratives continue to underpin market interest in large-cap AI leaders like Alphabet, but these are thematic tailwinds rather than company-specific catalysts. Seeking Alpha: Alphabet’s Big Rally
• Neutral Sentiment: Macro and calendar risks (Fed decision, major tech earnings this week) are creating market-wide volatility that could affect GOOGL’s near-term moves independent of fundamentals. Nasdaq futures in the red ahead of big week
• Negative Sentiment: Google agreed to a preliminary $68M settlement in a class-action suit alleging its Assistant improperly recorded users — a modest but negative headline that adds legal/PR noise ahead of earnings (judge approval required). Google Agrees to Settle Class Action Lawsuit
• Negative Sentiment: CEO Sundar Pichai sold roughly $10–11M of Alphabet shares recently (reported ahead of the Feb. 4 earnings date). Insider sales can be interpreted as routine diversification but may create short-term concern among some investors. Sundar Pichai Offloads Alphabet Shares

Insider Buying and Selling

In related news, insider John Kent Walker sold 17,829 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $314.89, for a total transaction of $5,614,173.81. Following the completion of the sale, the insider directly owned 42,972 shares in the company, valued at approximately $13,531,453.08. The trade was a 29.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $312.30, for a total transaction of $867,569.40. Following the sale, the chief accounting officer directly owned 8,962 shares of the company’s stock, valued at approximately $2,798,832.60. This represents a 23.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 222,409 shares of company stock valued at $68,564,532. 11.55% of the stock is owned by insiders.

Alphabet Stock Up 1.6%

GOOGL stock opened at $333.26 on Tuesday. The stock has a market capitalization of $4.02 trillion, a P/E ratio of 32.87, a P/E/G ratio of 1.81 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $340.49. The business has a fifty day moving average price of $316.62 and a 200-day moving average price of $261.78.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. The firm had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. Equities analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GOOGL shares. KeyCorp reissued an “overweight” rating and set a $360.00 price objective (up from $330.00) on shares of Alphabet in a research report on Monday. DZ Bank reiterated a “buy” rating on shares of Alphabet in a research report on Thursday, November 20th. Royal Bank Of Canada reissued a “buy” rating on shares of Alphabet in a research note on Monday. DA Davidson reaffirmed a “neutral” rating and set a $300.00 price objective on shares of Alphabet in a research report on Tuesday, November 25th. Finally, China Renaissance increased their target price on Alphabet from $207.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Four research analysts have rated the stock with a Strong Buy rating, forty-two have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $332.60.

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.