Alphabet Inc. $GOOGL Stock Position Lowered by NBT Bank N A NY

Key Points

• NBT Bank N A NY reduced its stake in Alphabet by 3.4% to 149,070 shares (about $47.29M), making GOOGL its third-largest holding.
• Significant insider selling has occurred recently — including CEO Sundar Pichai's sale of 32,500 shares — with insiders selling roughly 2,037,294 shares (~$94.2M) in the past 90 days.
• Analysts remain broadly positive (average rating "Moderate Buy" and average price target $369.67) following Alphabet's better-than-expected quarter and new AI/cloud initiatives such as eighth‑generation TPUs, the Gemini Enterprise platform, and a large Merck deal.

NBT Bank N A NY lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 149,070 shares of the information services provider's stock after selling 5,172 shares during the period. Alphabet comprises approximately 3.4% of NBT Bank N A NY's investment portfolio, making the stock its 3rd biggest holding. NBT Bank N A NY's holdings in Alphabet were worth $47,290,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Family Investment Center Inc. bought a new position in Alphabet in the fourth quarter worth approximately $201,000. Gilbert Capital Group Inc. raised its position in Alphabet by 5.0% during the 4th quarter. Gilbert Capital Group Inc. now owns 2,088 shares of the information services provider's stock valued at $654,000 after purchasing an additional 100 shares in the last quarter. Twelve Points Wealth Management LLC lifted its holdings in shares of Alphabet by 3.7% in the 4th quarter. Twelve Points Wealth Management LLC now owns 6,833 shares of the information services provider's stock worth $2,245,000 after buying an additional 241 shares during the period. Bouvel Investment Partners LLC lifted its holdings in shares of Alphabet by 1.7% in the 4th quarter. Bouvel Investment Partners LLC now owns 24,181 shares of the information services provider's stock worth $7,569,000 after buying an additional 407 shares during the period. Finally, Ritholtz Wealth Management grew its position in shares of Alphabet by 2.5% during the 4th quarter. Ritholtz Wealth Management now owns 156,290 shares of the information services provider's stock worth $48,919,000 after buying an additional 3,851 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $303.41, for a total transaction of $318,580.50. Following the completion of the sale, the director owned 4,631 shares in the company, valued at approximately $1,405,091.71. This represents a 18.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $335.18, for a total value of $10,893,350.00. Following the completion of the sale, the chief executive officer directly owned 2,179,372 shares of the company's stock, valued at $730,481,906.96. The trade was a 1.47% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 2,037,294 shares of company stock valued at $94,216,897. Corporate insiders own 11.64% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Bank of America raised their price target on Alphabet from $335.00 to $370.00 and gave the company a "buy" rating in a research note on Tuesday, January 13th. Wells Fargo & Company dropped their target price on shares of Alphabet from $397.00 to $361.00 and set an "overweight" rating on the stock in a report on Thursday, April 2nd. Daiwa Securities Group raised their target price on shares of Alphabet from $333.00 to $380.00 and gave the company a "buy" rating in a research report on Tuesday, February 10th. China Renaissance boosted their price target on shares of Alphabet from $330.00 to $400.00 and gave the company a "buy" rating in a report on Friday, February 6th. Finally, DZ Bank reaffirmed a "buy" rating on shares of Alphabet in a research report on Monday, February 16th. 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's stock. According to data from MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and an average price target of $369.67.

Alphabet Stock Down 0.1%

NASDAQ:GOOGL opened at $338.89 on Friday. The company's 50-day simple moving average is $308.53 and its 200-day simple moving average is $303.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. Alphabet Inc. has a fifty-two week low of $147.84 and a fifty-two week high of $349.00. The stock has a market capitalization of $4.10 trillion, a P/E ratio of 31.35, a P/E/G ratio of 2.09 and a beta of 1.12.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping 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 analyst estimates of $111.24 billion. On average, equities analysts anticipate that Alphabet Inc. will post 11.57 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, March 9th. Alphabet's payout ratio is currently 7.77%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google unveiled two eighth‑generation TPUs (separate chips for training and inference), a move that could lower AI infrastructure costs and help Google Cloud compete with Nvidia. This product push underpins revenue and margin upside in cloud/AI services. Google Cloud launches two new AI chips to compete with Nvidia
• Positive Sentiment: Alphabet amplified its enterprise AI strategy at Cloud Next — launching the Gemini Enterprise Agent Platform and a $750M partner fund to accelerate agentic AI adoption. That accelerates monetization paths for AI in Google Cloud. Google makes an interesting choice with its new agent building tool for enterprises
• Positive Sentiment: Large commercial deals are following: Merck committed up to $1B to use Google Cloud and Gemini Enterprise, validating enterprise demand and multiyear revenue potential for cloud AI services. Merck to partner with Google Cloud on AI initiatives
• Positive Sentiment: Several sell‑side firms raised targets or reiterated bullish views (BMO to $410, UBS up to $375, Cantor to $395, KeyCorp to $380; JPMorgan and BofA reiterated Buy), signaling analyst confidence in Cloud + AI-driven growth ahead of Q1 results. BMO Raises Alphabet’s Target to $410 and Calls It “the Best Way to Own AI”
• Neutral Sentiment: Google is rolling consumer and workplace AI features (Wallet travel updates, Workspace automation, Chrome “auto browse”) that expand product engagement but are longer‑term monetization plays. Google updates Workspace to make AI your new office intern
• Neutral Sentiment: Independent bullish commentary (e.g., investor columns and pundit targets like Jim Cramer) support investor conviction but are opinion‑driven rather than new fundamentals. Jim Cramer sets Google stock price target
• Negative Sentiment: EU regulators are pressuring Google to give rival AI assistants access to Android features — a potential regulatory move that could weaken Android‑centric advantages and complicate Google’s ad/assistant ecosystem. Google Faces New EU Pressure to Give AI Rivals Android Access
• Negative Sentiment: Recent insider selling was reported, which briefly pressured shares; while not necessarily indicative of fundamentals, it can spook short‑term sentiment ahead of earnings. Alphabet Inc. NASDAQ: GOOGL Shares Down 1.2% Following Insider Selling

About Alphabet

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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