Alphabet Inc. $GOOGL Shares Sold by Eastern Bank

Key Points

• Eastern Bank reduced its Alphabet position by 1.7%, selling 12,497 shares and retaining 736,569 shares worth approximately $253.4 million. Alphabet remains the bank’s fourth-largest holding and represents 3.8% of its portfolio.
• Institutional ownership is mixed, while Alphabet insiders have sold 441,399 shares worth $8.7 million over the past 90 days. Institutional investors and hedge funds own 40.03% of the company, compared with 11.61% held by insiders.
• Alphabet reported quarterly revenue of $119.8 billion and earnings per share of $9.11, exceeding analyst estimates. Analysts maintain a consensus “Buy” rating with an average price target of $425.60, versus a recent share price of $345.46.

Eastern Bank decreased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 736,569 shares of the information services provider's stock after selling 12,497 shares during the quarter. Alphabet comprises 3.8% of Eastern Bank's investment portfolio, making the stock its 4th largest holding. Eastern Bank's holdings in Alphabet were worth $253,439,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. PFG Investments LLC raised its holdings in Alphabet by 2.6% during the first quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock valued at $25,679,000 after buying an additional 2,269 shares in the last quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new position in shares of Alphabet in the 4th quarter valued at approximately $28,902,000. Elefante Mark B raised its stake in shares of Alphabet by 4.5% in the 2nd quarter. Elefante Mark B now owns 43,733 shares of the information services provider's stock valued at $15,629,000 after acquiring an additional 1,897 shares in the last quarter. Nwam LLC lifted its holdings in Alphabet by 19.6% in the 1st quarter. Nwam LLC now owns 49,128 shares of the information services provider's stock worth $14,127,000 after purchasing an additional 8,055 shares during the last quarter. Finally, WCM Investment Management LLC boosted its position in Alphabet by 287.4% during the first quarter. WCM Investment Management LLC now owns 3,886 shares of the information services provider's stock worth $1,063,000 after purchasing an additional 2,883 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Activity

In other Alphabet news, Director Frances Arnold sold 83 shares of the business's stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the sale, the director owned 19,076 shares of the company's stock, valued at $6,494,424.20. The trade was a 0.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the transaction, the chief accounting officer owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 441,399 shares of company stock worth $8,677,053. Company insiders own 11.61% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL traded up $1.96 on Monday, hitting $345.46. 8,139,780 shares of the company were exchanged, compared to its average volume of 30,831,436. The company's 50 day moving average price is $344.74 and its two-hundred day moving average price is $348.00. The firm has a market capitalization of $4.22 trillion, a price-to-earnings ratio of 17.35, a PEG ratio of 0.99 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet Inc. has a one year low of $235.84 and a one year high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The business had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. Research analysts expect that Alphabet Inc. will post 20.55 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, September 4th. Alphabet's dividend payout ratio (DPR) is presently 4.42%.

Analysts Set New Price Targets

A number of research firms have recently commented on GOOGL. Tigress Financial reissued a "strong-buy" rating and issued a $485.00 price target (up from $415.00) on shares of Alphabet in a research report on Thursday, September 17th. Wall Street Zen lowered shares of Alphabet from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Wedbush reissued an "outperform" rating and set a $445.00 target price on shares of Alphabet in a research report on Thursday, July 23rd. Pivotal Research restated a "buy" rating and set a $475.00 price target (up from $470.00) on shares of Alphabet in a report on Thursday, July 23rd. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Alphabet in a research report on Monday, June 22nd. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Alphabet currently has an average rating of "Buy" and a consensus price target of $425.60.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google unveiled Gemini 4 Argon, an enterprise-focused AI model designed to perform complex, multistep work in software engineering, cybersecurity, finance, and legal services. A stronger product could support Google Cloud growth, subscriptions, and competitive positioning against OpenAI and Anthropic. Tech Bytes: Google unveils Gemini 4 Argon as AI race shifts to autonomous work
• Positive Sentiment: Recent commentary highlights Google Cloud’s rapid expansion, a substantial backlog, and Alphabet’s ability to monetize AI through cloud contracts, advertising, and paid subscriptions. Alphabet’s operating income reportedly rose 30% year over year in both first-half 2026 quarters, supporting the bullish case for continued earnings growth. Prediction: Alphabet's Profit Growth Carries It to $5 Trillion Before 2028
• Positive Sentiment: Alphabet’s investment in Anthropic could benefit shareholders if a potential IPO provides liquidity or increases Anthropic’s ability to purchase computing capacity, potentially benefiting Google Cloud and other AI infrastructure suppliers. 4 Major Winners From an Anthropic IPO
• Neutral Sentiment: Alphabet executives are scheduled to testify at a New York City Council hearing on AI risks. The event may increase visibility for Google’s AI efforts, but could also foreshadow additional compliance requirements. AI risks hearing
• Negative Sentiment: Alphabet’s capital expenditures reportedly doubled year over year to $44.92 billion in the second quarter, raising concerns that AI infrastructure spending could pressure free cash flow and shareholder returns before the investments generate sufficient profits. Alphabet Reported Negative Free Cash Flow
• Negative Sentiment: Google faces a proposed £1 billion U.K. consumer claim alleging that Play Store commissions of up to 30% violate competition law. An adverse outcome could create financial liability and add to Alphabet’s broader regulatory burden. Google faces UK Play Store legal claim

Alphabet Company Profile

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.

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