668,253 Alphabet Inc. $GOOGL Shares Sold by Provident Trust Co.

Key Points

• Provident Trust cut its Alphabet stake by 30.4%, selling 668,253 shares in the third quarter. It still held 1.53 million shares worth about $526.9 million, making Alphabet its largest portfolio position.
• Alphabet’s latest quarterly results came in below forecasts: earnings were $2.12 per share versus $3.02 expected, while revenue was $127.58 billion against a $127.96 billion consensus.
• Google expanded its AI-chip lineup with two new eighth-generation TPUs, while investors face execution concerns over AI-search monetization and infrastructure costs; federal regulators also opened a new investigation into Waymo’s robotaxis.

Provident Trust Co. decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 30.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,531,207 shares of the information services provider's stock after selling 668,253 shares during the quarter. Alphabet comprises approximately 16.4% of Provident Trust Co.'s investment portfolio, making the stock its largest position. Provident Trust Co.'s holdings in Alphabet were worth $526,858,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GOOGL. EMC Capital Management acquired a new position in Alphabet in the second quarter valued at $35,000. Core Capital Management & Research inc. acquired a new stake in Alphabet during the 2nd quarter worth about $41,000. Intelligent Financial Strategies bought a new position in shares of Alphabet in the 3rd quarter worth about $41,000. Premier Financial Group bought a new position in shares of Alphabet in the 2nd quarter worth about $45,000. Finally, Van Den Berg Management I Inc. lifted its stake in shares of Alphabet by 319.6% in the 1st quarter. Van Den Berg Management I Inc. now owns 214 shares of the information services provider's stock valued at $61,000 after purchasing an additional 163 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Buying and Selling

In related news, Director Frances Arnold sold 83 shares of the stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the sale, the director directly owned 19,076 shares of the company's stock, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 247 shares of company stock valued at $79,238. Corporate insiders own 11.61% of the company's stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google introduced two new versions of its eighth-generation Tensor Processing Units, broadening its AI-chip offerings and sharpening its challenge to Nvidia. Investors may see custom chips as a way to support Google Cloud growth and reduce reliance on outside suppliers. Alphabet stock rises as Google expands AI chip lineup to challenge Nvidia
• Neutral Sentiment: JPMorgan removed Alphabet from its Analyst Focus List but maintained an Overweight rating. The firm cited slower AI-search monetization and substantial infrastructure spending, highlighting execution risks without changing its overall positive rating. JPMorgan Just Removed Alphabet From Its Analyst Focus List
• Negative Sentiment: Federal safety regulators opened a new investigation into Waymo after reports that its robotaxis continued to pass stopped school buses despite a prior software fix. The probe could bring regulatory, reputational or operational costs for Alphabet’s autonomous-driving business. Waymo robotaxis kept illegally passing school buses after software fix, feds say
• Negative Sentiment: Several law firms publicized an existing securities class action concerning Alphabet investors who bought shares from May 19 to July 16, 2026. The lawsuit alleges investors were misled about the Gemini 3.5 Pro launch timeline; the lead-plaintiff deadlines are November 30 or December 1. Repeated notices may add legal overhang, though they are not new court findings. Alphabet Deadline Alert: Levi & Korsinsky Reminds Investors of Securities Class Action Deadline

Alphabet Trading Up 1.2%

NASDAQ GOOGL opened at $288.15 on Tuesday. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. Alphabet Inc. has a 52 week low of $270.70 and a 52 week high of $408.61. The business has a 50 day moving average price of $331.76 and a 200-day moving average price of $338.77. The company has a market cap of $3.52 trillion, a price-to-earnings ratio of 15.04, a P/E/G ratio of 0.87 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing analysts' consensus estimates of $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The business had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.96 billion. As a group, equities analysts expect that Alphabet Inc. will post 19.86 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, December 7th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio is 4.59%.

Analyst Upgrades and Downgrades

Several research firms recently commented on GOOGL. Citigroup decreased their target price on Alphabet from $447.00 to $375.00 and set a "buy" rating for the company in a research note on Friday, October 30th. Phillip Securities raised Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 27th. Morgan Stanley restated an "overweight" rating and set a $375.00 price target (down from $400.00) on shares of Alphabet in a report on Thursday, October 29th. Citizens Jmp downgraded shares of Alphabet from a "market outperform" rating to a "hold" rating in a research report on Thursday, October 29th. Finally, Roth Capital reiterated a "buy" rating and issued a $440.00 price objective (up from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Alphabet presently has an average rating of "Buy" and an average target price of $412.51.

Alphabet Company Profile

Alphabet Inc is a technology holding company whose largest business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company reorganized its businesses under the holding-company structure in 2015.

Google's products and services include Search, YouTube, Android, Chrome, Google Maps, Google Play and Google Cloud. The company also generates revenue from digital advertising and offers devices, subscriptions and artificial intelligence products and services.

Alphabet serves consumers, businesses and organizations around the world.

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