Alphabet Inc. $GOOGL Stock Holdings Trimmed by PICTET BANK & TRUST Ltd

Key Points

• PICTET BANK & TRUST Ltd trimmed its Alphabet stake by 21.6% in Q4, selling 3,754 shares to leave 13,605 shares worth $4.26 million, about 5.1% of its portfolio and its fifth-largest holding.
• Meanwhile, major institutions like State Street, Capital World Investors, Capital Research and Invesco have increased positions, and analyst sentiment remains positive with a consensus rating of "Moderate Buy" and a consensus price target of $367.33.
• Alphabet beat Q4 estimates with $2.82 EPS and is seeing strong Google Cloud momentum (near‑term cloud growth cited ~48%), while the company carries a ~$3.85 trillion market cap and a PE around 29.5.

PICTET BANK & TRUST Ltd trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 21.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,605 shares of the information services provider's stock after selling 3,754 shares during the quarter. Alphabet comprises approximately 5.1% of PICTET BANK & TRUST Ltd's portfolio, making the stock its 5th largest holding. PICTET BANK & TRUST Ltd's holdings in Alphabet were worth $4,258,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. State Street Corp raised its position in shares of Alphabet by 1.8% during the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock valued at $40,524,841,000 after buying an additional 4,008,374 shares during the period. Capital World Investors raised its position in shares of Alphabet by 28.0% during the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock valued at $12,910,542,000 after buying an additional 11,605,785 shares during the period. Capital Research Global Investors raised its position in shares of Alphabet by 15.7% during the 3rd quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider's stock valued at $12,333,076,000 after buying an additional 6,874,381 shares during the period. Invesco Ltd. raised its position in shares of Alphabet by 2.3% during the 3rd quarter. Invesco Ltd. now owns 45,186,112 shares of the information services provider's stock valued at $10,984,744,000 after buying an additional 1,034,292 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Alphabet by 1.0% during the 3rd quarter. Legal & General Group Plc now owns 39,250,829 shares of the information services provider's stock valued at $9,541,877,000 after buying an additional 392,547 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Expanded Google–Intel AI infrastructure partnership boosts visibility for Google Cloud capacity and lowers execution risk for AI workloads hosted on Google’s platform. Investors view deeper Intel ties as supportive of sustained cloud/AI demand. Read More.
• Positive Sentiment: Broadcom–Google/Anthropic TPU and networking deals lock in multi‑year supply for Google’s custom AI racks, strengthening Alphabet’s hardware stack and third‑party TPU offerings — a structural positive for Google Cloud inference/train economics. Read More.
• Positive Sentiment: Google Cloud momentum: recent writeups highlight ~50% Q4 cloud growth, a large cloud backlog and heavy capex to expand TPU/data center capacity — the operating story supporting higher revenue visibility and margin improvement. Read More.
• Positive Sentiment: Project Glasswing and broader industry cybersecurity initiatives (including banks and big tech) reduce AI‑related operational risk for cloud providers and reinforce Google’s role in enterprise AI security cooperation. That should reassure enterprise customers. Read More.
• Positive Sentiment: Analyst support is increasing: Needham and Cantor Fitzgerald reiterated bullish ratings with elevated price targets, and William O'Neil reinstated a Buy — near‑term sentiment tailwind for the shares. Read More.
• Positive Sentiment: Waymo geographic expansion (Nashville) and Wing/ DoorDash drone rollout (Atlanta) provide concrete commercialization updates for Alphabet’s non‑Search growth engines, supporting optionality beyond ads. Read More. / Read More.
• Neutral Sentiment: Coverage pieces and investor guides (Fool, MarketBeat) reiterate Alphabet’s long‑term AI/cloud story — helpful for sentiment but not new operational data. Read More.
• Neutral Sentiment: Mentions of Alphabet’s stake in SpaceX and “hidden assets” offer valuation debate fodder; potential upside if monetized but uncertain timing. Read More.
• Negative Sentiment: Operational headwinds flagged for hyperscalers (community pushback, water/land/energy constraints) as some data‑center projects face delays or cancellations — a potential capex/expansion risk for cloud capacity plans. Read More.

Analyst Ratings Changes

Several research firms have recently commented on GOOGL. Citizens Jmp reaffirmed a "market outperform" rating and set a $385.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Royal Bank Of Canada lifted their price target on shares of Alphabet from $375.00 to $400.00 and gave the company an "outperform" rating in a research report on Thursday, February 5th. Wells Fargo & Company reduced their price target on shares of Alphabet from $397.00 to $361.00 and set an "overweight" rating on the stock in a research report on Thursday, April 2nd. Arete Research lifted their price target on shares of Alphabet from $380.00 to $405.00 and gave the company a "buy" rating in a research report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of Alphabet in a research report on Monday, February 9th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $367.33.

Alphabet Stock Up 0.4%

Alphabet stock opened at $318.49 on Friday. Alphabet Inc. has a fifty-two week low of $146.10 and a fifty-two week high of $349.00. 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 firm has a 50 day moving average price of $307.27 and a 200 day moving average price of $297.90. The company has a market capitalization of $3.85 trillion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its 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 net margin of 32.81% and a return on equity of 35.01%. The firm had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. Research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, March 9th. Alphabet's dividend payout ratio (DPR) is 7.77%.

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $302.99, for a total value of $33,934.88. Following the completion of the sale, the director owned 18,418 shares in the company, valued at approximately $5,580,469.82. This trade represents a 0.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $178,701.71. Following the completion of the transaction, the chief accounting officer owned 10,093 shares of the company's stock, valued at approximately $2,923,235.59. This trade represents a 5.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,069,344 shares of company stock worth $104,708,426 in the last three months. Company insiders own 11.64% of the company's stock.

Alphabet Company 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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