Alphabet Inc. $GOOGL Shares Sold by Tompkins Financial Corp

Key Points

• Tompkins Financial reduced its Alphabet stake by 3.1%, selling 2,133 shares and retaining 65,739 shares valued at approximately $22.6 million. Alphabet represents about 1.6% of the firm's portfolio.
• Despite Tompkins’ sale, several major institutions—including State Street, Amundi and Nuveen—expanded their Alphabet positions; institutional investors collectively own about 40.03% of the stock.
• Wall Street remains bullish, with Alphabet carrying a consensus “Buy” rating and an average price target of $425.60 versus its recent price of $346.22. The company also recently reported quarterly earnings and revenue above analyst expectations.

Tompkins Financial Corp trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,739 shares of the information services provider's stock after selling 2,133 shares during the quarter. Alphabet comprises approximately 1.6% of Tompkins Financial Corp's portfolio, making the stock its 18th largest holding. Tompkins Financial Corp's holdings in Alphabet were worth $22,619,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GOOGL. State Street Corp increased its position in Alphabet by 5.6% during the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock worth $85,403,303,000 after purchasing an additional 12,718,127 shares during the last quarter. Invesco Ltd. boosted its holdings in Alphabet by 0.5% in the 4th quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider's stock valued at $14,208,470,000 after purchasing an additional 208,362 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Alphabet by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 38,106,033 shares of the information services provider's stock valued at $11,927,189,000 after buying an additional 583,078 shares during the period. Amundi grew its stake in shares of Alphabet by 4.6% in the 2nd quarter. Amundi now owns 33,203,350 shares of the information services provider's stock valued at $11,865,809,000 after buying an additional 1,457,371 shares during the period. Finally, Nuveen LLC increased its holdings in shares of Alphabet by 1.7% during the 4th quarter. Nuveen LLC now owns 29,166,806 shares of the information services provider's stock worth $9,129,210,000 after buying an additional 478,848 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Piper Sandler raised their target price on Alphabet from $395.00 to $400.00 and gave the stock an "overweight" rating in a research note on Monday, September 28th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $410.00 target price on shares of Alphabet in a research report on Thursday, September 3rd. Truist Financial set a $420.00 price target on shares of Alphabet and gave the company a "buy" rating in a research report on Thursday, July 23rd. Royal Bank Of Canada reissued an "outperform" rating and issued a $425.00 price target on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $420.00 price objective (down from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $425.60.

Alphabet Stock Up 0.8%

Shares of GOOGL stock traded up $2.72 during trading on Monday, reaching $346.22. The company's stock had a trading volume of 8,406,198 shares, compared to its average volume of 30,833,164. Alphabet Inc. has a 1-year low of $235.84 and a 1-year high of $408.61. The stock's 50-day moving average price is $344.74 and its 200 day moving average price is $348.00. The company has a market capitalization of $4.23 trillion, a price-to-earnings ratio of 17.40, a P/E/G ratio of 0.99 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.89 by $6.22. The company had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, research analysts anticipate that Alphabet Inc. will post 20.55 EPS for the current year.

Alphabet Announces Dividend

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

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s strong earnings-surprise history and favorable analyst estimate trends suggest the company may outperform consensus again in its next quarterly report, supporting the shares. Will Alphabet Beat Estimates Again
• Positive Sentiment: Coverage highlights accelerating Google Cloud revenue, a large backlog and multiple AI monetization channels spanning advertising, cloud contracts and subscriptions. A reported launch of Gemini 4 Argon, aimed at complex enterprise tasks, could strengthen Alphabet’s competitive position if adoption follows. AI Boom Could Make Alphabet a Bigger Business Google Unveils Gemini 4 Argon
• Positive Sentiment: Alphabet’s investment in Anthropic could benefit if a future Anthropic public offering provides a higher valuation or additional capital for computing infrastructure, potentially creating value for Alphabet and other technology suppliers. Winners From an Anthropic IPO
• Neutral Sentiment: Google executives are scheduled to testify at a New York City Council hearing on AI risks. The event may increase regulatory scrutiny, although no immediate financial impact was announced. AI Risks Hearing
• Negative Sentiment: Several law firms announced a securities class action concerning purchases made between May 19 and July 16, 2026. The allegations include misleading disclosures about Gemini 3.5 Pro’s training performance and potential launch delays. The notices are largely investor-solicitation announcements, but the litigation adds reputational and legal risk. Alphabet Securities Class Action
• Negative Sentiment: Alphabet faces a proposed £1 billion UK consumer claim alleging that Google Play Store commissions of up to 30% violate competition law, adding to regulatory uncertainty around its app-store practices. Google Play Store UK Legal Claim
• Negative Sentiment: Recent analysis emphasizes that Alphabet’s quarterly capital expenditures more than doubled year over year, pressuring free cash flow and raising concerns that AI spending could weigh on shareholder returns before the investment generates sufficient profits. Alphabet Negative Free Cash Flow

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 83 shares of the firm'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 directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The SEC filing for this sale provides additional information. Insiders have sold a total of 441,399 shares of company stock valued at $8,677,053 over the last 90 days. 11.61% of the stock is owned by corporate insiders.

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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