Alphabet Inc. $GOOGL is Webster Bank N. A.'s 4th Largest Position

Key Points

• Webster Bank N.A. trimmed its Alphabet stake by 2.5% to 132,722 shares, making Alphabet its 4th largest holding at about $41.54 million and ~3.9% of the bank's portfolio.
• Insider selling has been notable recently: CEO Sundar Pichai sold 32,500 shares and insiders have sold roughly 2.04 million shares (~$94.2M) in the last 90 days, leaving insiders with 11.55% ownership.
• Alphabet is seeing major AI catalysts and risks — it signed a classified AI deal with the U.S. Department of Defense and plans an up to $40 billion investment in Anthropic, while regulatory (EU Android rules, proposed Australian levy) and ESG/data‑center scrutiny present potential headwinds.

Webster Bank N. A. trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,722 shares of the information services provider's stock after selling 3,401 shares during the period. Alphabet comprises about 3.9% of Webster Bank N. A.'s portfolio, making the stock its 4th largest position. Webster Bank N. A.'s holdings in Alphabet were worth $41,542,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. PMV Capital Advisers LLC purchased a new stake in Alphabet during the fourth quarter worth $38,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Alphabet in the 3rd quarter valued at $53,000. Kentucky Trust Co increased its holdings in shares of Alphabet by 142.9% in the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock valued at $53,000 after acquiring an additional 100 shares during the period. iSAM Funds UK Ltd bought a new position in shares of Alphabet in the 3rd quarter worth $53,000. Finally, Sellwood Investment Partners LLC purchased a new stake in shares of Alphabet during the 3rd quarter worth $63,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Signed classified AI deal with the U.S. Department of Defense — gives Google a path to long‑term, high‑trust government revenues for its Gemini models and on‑prem/secure deployments. Google signs classified AI deal with Pentagon, The Information reports
• Positive Sentiment: DoD adoption and GenAI.mil inclusion for Gemini models was highlighted as a near‑term catalyst, supporting cloud/Gemini monetization and revenue visibility. What's Behind The Boost In Alphabet Stock Today?
• Positive Sentiment: Planned investment of up to $40 billion in Anthropic — a large strategic bet to secure model supply, compute capacity and AI IP that could accelerate product rollouts and cloud demand. Alphabet Inc. (GOOGL) To Invest Up To $40 Billion In Anthropic
• Positive Sentiment: Expanding global AI footprint — agreement to build an AI campus in South Korea signals international R&D and recruitment push for talent and partnerships. Google to build AI campus in South Korea
• Neutral Sentiment: Market positioning and earnings week momentum — analysts expect AI to drive revenue growth across Big Tech this week; investor focus on Q1 results and guidance could amplify moves in either direction. Why This Week Could Be Huge For AI Stocks
• Neutral Sentiment: Analyst support — RBC reaffirmed a buy rating, supporting sentiment but also reflecting elevated expectations that could temper further upside if guidance disappoints. Alphabet a Buy Rating From RBC
• Negative Sentiment: EU regulators push measures to open Android and access to Google services for AI rivals — raises regulatory and competitive risks that could pressure mobile ad and services moats. EU tells Google to open Android to AI rivals
• Negative Sentiment: Australia proposes a ~2.25% levy on local revenues if news deals aren't struck — a potential recurring headwind to margins in that market and a sign of increased global regulatory/tax pressure. Australia to charge Big Tech companies 2% levy
• Negative Sentiment: Investor and ESG scrutiny over AI power use — a shareholder proposal seeks more transparency on data center emissions as AI energy draw rises, creating governance and potential capex disclosure pressure. Alphabet Investors Press For AI Data Center Climate Transparency
• Negative Sentiment: Talent departures to AI startups — continued loss of researchers to startups could increase competition for talent and slow internal projects if not offset by hiring or campus expansions. Meta, Google, OpenAI among Big Tech firms seeing top staff leaving

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total value of $348,232.50. Following the completion of the transaction, the director owned 3,581 shares of the company's stock, valued at approximately $1,187,638.65. This trade represents a 22.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the sale, the chief executive officer owned 1,642,060 shares of the company's stock, valued at $505,573,853.40. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,037,294 shares of company stock worth $94,216,897 in the last 90 days. 11.55% of the stock is owned by insiders.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $350.34 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market cap of $4.24 trillion, a PE ratio of 32.41, a P/E/G ratio of 2.13 and a beta of 1.12. The business has a 50-day simple moving average of $310.19 and a two-hundred day simple moving average of $306.18. Alphabet Inc. has a fifty-two week low of $147.84 and a fifty-two week high of $353.18.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.57 by $0.25. The business had revenue of $113.83 billion for the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. As a group, equities analysts expect that Alphabet Inc. will post 11.53 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GOOGL shares. Wells Fargo & Company dropped their price objective on Alphabet from $397.00 to $361.00 and set an "overweight" rating on the stock in a research report on Thursday, April 2nd. JPMorgan Chase & Co. reissued a "buy" rating on shares of Alphabet in a research report on Monday, April 20th. Bank of America raised their price target on shares of Alphabet from $335.00 to $370.00 and gave the company a "buy" rating in a report on Tuesday, January 13th. KeyCorp lifted their price objective on shares of Alphabet from $370.00 to $380.00 and gave the stock an "overweight" rating in a research report on Monday, April 20th. Finally, Piper Sandler reiterated an "overweight" rating and set a $395.00 price objective (up from $365.00) on shares of Alphabet in a research note on Thursday, February 5th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and an average target price of $369.67.

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.

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