Alphabet Inc. $GOOGL Stake Reduced by Atwater Malick LLC

Key Points

• Atwater Malick LLC reduced its Alphabet holding by 6.1%, selling 5,159 shares and leaving 79,464 shares valued at about $24.87M, with Alphabet representing 6.9% of the firm's portfolio and its third-largest position.
• Research firms have raised price targets recently and the consensus rating on Alphabet is a Moderate Buy with a consensus target price of $369.67.
• Insiders have been net sellers recently, disposing of roughly 2,037,294 shares valued at about $94.2M in the past 90 days, though insiders still own approximately 11.55% of the company.

Atwater Malick LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,464 shares of the information services provider's stock after selling 5,159 shares during the period. Alphabet comprises 6.9% of Atwater Malick LLC's investment portfolio, making the stock its 3rd largest position. Atwater Malick LLC's holdings in Alphabet were worth $24,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. PMV Capital Advisers LLC purchased a new position in Alphabet in the 4th quarter worth approximately $38,000. Kentucky Trust Co grew its position 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 worth $53,000 after buying an additional 100 shares during the last quarter. iSAM Funds UK Ltd purchased a new position in shares of Alphabet during the third quarter valued at approximately $53,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Alphabet during the third quarter valued at approximately $53,000. Finally, Maryland Capital Advisors Inc. increased its stake in shares of Alphabet by 278.8% during the fourth quarter. Maryland Capital Advisors Inc. now owns 250 shares of the information services provider's stock valued at $78,000 after buying an additional 184 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GOOGL. Sanford C. Bernstein boosted their target price on Alphabet from $305.00 to $335.00 and gave the company a "market perform" rating in a research note on Monday, February 2nd. Phillip Securities boosted their target price on Alphabet from $340.00 to $395.00 and gave the company a "moderate buy" rating in a research note on Wednesday, April 15th. Loop Capital boosted their target price on Alphabet from $320.00 to $355.00 and gave the company a "buy" rating in a research note on Monday, February 23rd. Cantor Fitzgerald lifted their target price on shares of Alphabet from $370.00 to $395.00 and gave the company an "overweight" rating in a research note on Monday, April 20th. Finally, Wall Street Zen lowered shares of Alphabet from a "buy" rating to a "hold" rating in a research note on Sunday, April 12th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $369.67.

Alphabet Trading Up 1.7%

NASDAQ GOOGL opened at $350.34 on Tuesday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. Alphabet Inc. has a twelve month low of $147.84 and a twelve month high of $353.18. The firm has a market capitalization 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 stock's 50 day moving average is $310.19 and its 200 day moving average is $306.18.

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

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O'toole sold 617 shares of the business's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total value of $178,701.71. Following the sale, the chief accounting officer directly owned 10,093 shares of the company's stock, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Kent Walker sold 8,993 shares of the business's stock in a transaction on Friday, March 27th. The stock was sold at an average price of $275.89, for a total value of $2,481,078.77. Following the completion of the sale, the insider directly owned 51,808 shares in the company, valued at $14,293,309.12. This trade represents a 14.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 2,037,294 shares of company stock valued at $94,216,897. Company insiders own 11.55% of the company's stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Market attention is squarely on Alphabet’s earnings and Gemini/AI spending updates, which investors expect could drive revenue and engagement. Alphabet earnings on tap with Gemini, AI spending updates in focus with stock near record high
• Positive Sentiment: The U.S. Department of Defense added Google’s Gemini for Government models to its secure GenAI.mil platform — a commercial win that supports enterprise/government adoption and recurring revenue potential. What's Behind The Boost In Alphabet Stock Today?
• Positive Sentiment: South Korea and Google agreed to build an AI campus in Seoul — a strategic move to expand R&D, talent and local partnerships that supports long-term AI product development. Google to build AI campus in South Korea, presidential office says
• Positive Sentiment: Prominent bullish commentary (e.g., Jim Cramer) highlights Alphabet’s diversified AI-driven revenue “mosaic,” supporting investor sentiment and flows into the stock. Jim Cramer Says “Alphabet Has a Mosaic Like None Other”
• Neutral Sentiment: Analyst notes and market pieces flag that strong post-earnings moves are possible (heightened volatility around the report); options activity is mixed versus peers. Here's How Much Google Parent Alphabet Stock Is Expected to Move After Earnings
• Negative Sentiment: The EU is pressing Google to open Android to AI rivals and regulators gave pointers to improve rivals’ access to Google services — potential regulatory changes that could hurt margins or product control. EU tells Google to open Android to AI rivals
• Negative Sentiment: Investors are pushing for more climate transparency tied to AI data center energy use (shareholder proposal from Trillium) — this could increase disclosure and potentially capex/operational scrutiny as AI workloads scale. Alphabet Investors Press For AI Data Center Climate Transparency

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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