Alphabet Inc. $GOOGL Stock Sold by Park National Corp OH

Key Points

• Park National Corp OH reduced its Alphabet position by 2.8% in the third quarter, selling 8,783 shares and retaining 307,211 shares valued at approximately $105.7 million. Institutional investors collectively own 40.03% of Alphabet.
• Alphabet shares traded up 0.8% to $346.23, while the company reported quarterly revenue of $119.8 billion and EPS of $9.11, significantly exceeding analyst expectations.
• Analysts maintain a consensus “Buy” rating with an average price target of $425.60. Alphabet also paid a quarterly dividend of $0.22 per share, equivalent to a 0.3% yield.

Park National Corp OH lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 307,211 shares of the information services provider's stock after selling 8,783 shares during the quarter. Alphabet makes up about 2.9% of Park National Corp OH's holdings, making the stock its 9th largest position. Park National Corp OH's holdings in Alphabet were worth $105,705,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Baker Tilly Wealth Management LLC increased its holdings in Alphabet by 1.2% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 24,776 shares of the information services provider's stock valued at $8,525,000 after acquiring an additional 301 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its position in shares of Alphabet by 0.6% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 1,228,522 shares of the information services provider's stock valued at $422,710,000 after purchasing an additional 7,062 shares during the last quarter. Heartwood Wealth Advisors LLC increased its stake in shares of Alphabet by 3.3% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 11,196 shares of the information services provider's stock worth $3,852,000 after purchasing an additional 354 shares in the last quarter. Silverleafe Capital Partners LLC increased its stake in shares of Alphabet by 86.3% during the 3rd quarter. Silverleafe Capital Partners LLC now owns 1,146 shares of the information services provider's stock worth $394,000 after purchasing an additional 531 shares in the last quarter. Finally, Miller Global Investments LLC raised its position in shares of Alphabet by 16.4% during the 3rd quarter. Miller Global Investments LLC now owns 5,747 shares of the information services provider's stock worth $1,977,000 after purchasing an additional 811 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Up 0.8%

GOOGL traded up $2.73 during midday trading on Monday, hitting $346.23. The company's stock had a trading volume of 8,616,066 shares, compared to its average volume of 30,833,164. Alphabet Inc. has a 52-week low of $235.84 and a 52-week high of $408.61. The firm has a 50-day moving average price of $344.74 and a two-hundred day moving average price of $348.00. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.23 trillion, a P/E ratio of 17.40, a PEG ratio of 0.99 and a beta of 1.21.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. On average, research analysts anticipate that Alphabet Inc. will post 20.55 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were given a $0.22 dividend. 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 4.42%.

Analysts Set New Price Targets

GOOGL has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $425.00 target price on shares of Alphabet in a research note on Thursday, July 23rd. KeyCorp upped their price objective on Alphabet from $425.00 to $445.00 and gave the company an "overweight" rating in a research report on Friday, July 10th. Phillip Securities upgraded Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 27th. Jefferies Financial Group restated a "buy" rating on shares of Alphabet in a report on Monday, June 22nd. Finally, Citizens Jmp reaffirmed a "market outperform" rating and set a $515.00 price target on shares of Alphabet in a research note on Wednesday, July 22nd. Five 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 stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of "Buy" and a consensus price target of $425.60.

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, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares in the company, valued at approximately $9,125,015.20. The trade was a 1.61% 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 196,931 shares of the firm's stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 441,399 shares of company stock worth $8,677,053. 11.61% of the stock is owned by insiders.

About Alphabet

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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