Alphabet Inc. $GOOGL Holdings Reduced by Ledyard National Bank

Key Points

• Ledyard National Bank reduced its Alphabet position by 3.1% in the third quarter, selling 2,722 shares and retaining 84,780 shares worth approximately $29.2 million. Institutional investors own about 40% of Alphabet’s stock.
• Alphabet’s quarterly results were mixed: revenue reached $127.6 billion and adjusted EPS was $2.12, both below analyst expectations, while free cash flow declined amid heavy spending on AI infrastructure and data centers.
• Google Cloud revenue surged 103% year over year, supporting Alphabet’s AI growth strategy, but slower advertising momentum and elevated capital expenditures remain concerns. Analysts maintain a consensus “Buy” rating with a $425.04 price target.

Ledyard National Bank cut its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,780 shares of the information services provider's stock after selling 2,722 shares during the period. Alphabet accounts for 2.3% of Ledyard National Bank's investment portfolio, making the stock its 11th largest holding. Ledyard National Bank's holdings in Alphabet were worth $29,171,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GOOGL. Culbertson A N & Co. Inc. lifted its position in shares of Alphabet by 2.4% during the 3rd quarter. Culbertson A N & Co. Inc. now owns 37,306 shares of the information services provider's stock worth $12,836,000 after buying an additional 873 shares during the last quarter. Seros Financial LLC lifted its position in Alphabet by 2.7% in the third quarter. Seros Financial LLC now owns 1,127 shares of the information services provider's stock valued at $388,000 after acquiring an additional 30 shares during the last quarter. Legacy Financial Group Inc. boosted its stake in Alphabet by 13.5% in the third quarter. Legacy Financial Group Inc. now owns 4,259 shares of the information services provider's stock valued at $1,465,000 after acquiring an additional 506 shares in the last quarter. NBT Bank N.A. acquired a new position in Alphabet in the third quarter valued at $47,020,000. Finally, Isthmus Partners LLC boosted its stake in Alphabet by 2.2% in the third quarter. Isthmus Partners LLC now owns 71,602 shares of the information services provider's stock valued at $24,637,000 after acquiring an additional 1,515 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud growth accelerated: Cloud revenue more than doubled, rising 103% year over year and exceeding expectations. The results suggest Alphabet’s investments in AI infrastructure, cloud capacity and custom TPU chips are generating meaningful demand. Google Cloud Revenue Just Grew 103%, so Why Is the Stock Falling?
• Positive Sentiment: AI monetization opportunities are expanding: Google is rolling out AI Search ads internationally, opening its AI experiences to more third-party apps, and reportedly attracting interest from OpenAI for its TPU chips. These developments could diversify Alphabet’s revenue and strengthen its position against Nvidia in AI infrastructure. Google expands AI Search ads globally as core ad growth slows
• Neutral Sentiment: New Gemini 4 Carbon launch: Google introduced a cybersecurity-focused AI model that received positive attention from Elon Musk. The launch supports Alphabet’s long-term AI strategy, but its near-term financial contribution remains uncertain. Google launches Gemini 4 Carbon AI model with cybersecurity focus
• Negative Sentiment: Quarterly results missed estimates: Alphabet reported adjusted earnings of $2.12 per share, below consensus estimates ranging from $2.94 to $3.02. Revenue of $127.6 billion also fell short of expectations near $128.2 billion, while profit declined from the prior year. Alphabet Q3 Earnings and Revenues Miss Estimates
• Negative Sentiment: Cash flow is the main concern: Free cash flow fell as Alphabet spent heavily on data centers, cloud capacity and AI research. Investors are concerned that the rapid expansion may pressure returns and limit buybacks, even as cloud revenue grows quickly. Alphabet's free cash flow sinks further
• Negative Sentiment: Advertising momentum was mixed: YouTube advertising revenue rose 9% to $11.2 billion but missed the $11.43 billion analyst estimate, while broader search-ad growth slowed. South Korea also imposed an app-market fine, adding to regulatory pressure.

Alphabet Trading Up 1.3%

Shares of Alphabet stock opened at $324.89 on Thursday. Alphabet Inc. has a 1 year low of $267.67 and a 1 year high of $408.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The company has a market capitalization of $3.97 trillion, a P/E ratio of 16.32, a PEG ratio of 0.92 and a beta of 1.21. The company's fifty day moving average is $341.50 and its two-hundred day moving average is $340.66.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data 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 54.77% and a return on equity of 51.32%. The business had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.96 billion. Analysts forecast that Alphabet Inc. will post 20.60 earnings per share for the current year.

Analysts Set New Price Targets

GOOGL has been the topic of a number of research analyst reports. Benchmark reiterated a "buy" rating on shares of Alphabet in a research report on Thursday, October 1st. Phillip Securities raised Alphabet from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 27th. Yorkville Ives initiated coverage on Alphabet in a research report on Monday, October 5th. They issued an "outperform" rating and a $400.00 target price for the company. Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a research note on Thursday, October 15th. Finally, DA Davidson set a $350.00 price target on Alphabet and gave the stock a "neutral" rating in a research note on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $425.04.

Insider Activity

In related news, Director Frances Arnold sold 83 shares of the firm's stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the transaction, the director owned 19,076 shares of the company's stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 11.61% of the stock is currently owned by corporate insiders.

About Alphabet

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.

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