Alphabet Inc. $GOOGL Stock: Trust Co. of Oklahoma Cuts Stake

Key Points

• Trust Co. of Oklahoma cut its Alphabet stake by 4.6% in the third quarter, selling 1,810 shares and retaining 37,332 shares valued at approximately $12.8 million. Alphabet remains the firm’s fourth-largest holding, while institutional investors collectively own 40.03% of the stock.
• Alphabet shares recently fell 2.5% to $340.59, despite strong quarterly results that exceeded earnings and revenue estimates. Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $425.04.
• Growth catalysts include cloud and AI momentum, Waymo’s planned Toronto robotaxi expansion, and other technology initiatives; however, investors remain concerned about heavy AI-related capital spending, potential litigation over disclosures, and regulatory risks.

Trust Co. of Oklahoma reduced its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,332 shares of the information services provider's stock after selling 1,810 shares during the quarter. Alphabet accounts for approximately 3.7% of Trust Co. of Oklahoma's holdings, making the stock its 4th biggest holding. Trust Co. of Oklahoma's holdings in Alphabet were worth $12,845,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOGL. Strategic Wealth Advisors LLC grew its stake in shares of Alphabet by 6.0% during the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock valued at $137,000 after buying an additional 27 shares during the last quarter. Rockbridge Investment Management LCC raised its holdings in shares of Alphabet by 0.5% in the first quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider's stock worth $1,570,000 after buying an additional 27 shares during the period. Ruggaard & Associates LLC raised its holdings in shares of Alphabet by 0.9% in the first quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider's stock worth $840,000 after buying an additional 27 shares during the period. Cadia Private Client LLC raised its holdings in shares of Alphabet by 1.1% in the first quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider's stock worth $744,000 after buying an additional 28 shares during the period. Finally, Evansbrook LLC lifted its stake in shares of Alphabet by 0.3% during the 1st quarter. Evansbrook LLC now owns 9,522 shares of the information services provider's stock worth $2,738,000 after acquiring an additional 28 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Down 2.5%

Shares of GOOGL stock traded down $8.63 during mid-day trading on Friday, hitting $340.59. The stock had a trading volume of 28,484,155 shares, compared to its average volume of 26,079,582. Alphabet Inc. has a 12-month low of $244.15 and a 12-month high of $408.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The firm's 50-day moving average is $344.26 and its two-hundred day moving average is $351.32. The firm has a market capitalization of $4.17 trillion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced 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 firm had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. On average, analysts predict that Alphabet Inc. will post 20.54 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Strong cloud and AI momentum: Recent commentary highlights approximately 24% overall revenue growth and an 82% increase in Google Cloud, suggesting that cloud demand and AI monetization may be offsetting concerns about rising capital expenditures. Alphabet’s Cloud Surge and AI Dominance Overshadow Capex Fears
• Positive Sentiment: JPMorgan remains bullish: JPMorgan raised its Alphabet price target to $425 from $420 and maintained an “overweight” rating, implying significant upside from the referenced price. The firm believes Google can withstand fears that generative AI will disrupt Search. JPMorgan Alphabet Price Target
• Positive Sentiment: Waymo expansion: Alphabet’s autonomous-driving unit received approval to participate in Ontario’s automated-vehicle pilot program and is targeting a Toronto robotaxi launch in 2028, expanding a potential long-term growth business. Waymo Toronto Robotaxi Launch
• Positive Sentiment: Additional product and technology catalysts: Google launched its Universal Cart shopping tool in the U.S., while reports of progress in quantum-computing error reduction and a multiyear CNN AI partnership support Alphabet’s efforts to broaden AI-related revenue.
• Neutral Sentiment: Investor attention is elevated: Zacks reported unusually heavy searches for both GOOGL and GOOG, reflecting strong interest but not necessarily a change in fundamentals.
• Negative Sentiment: Capex and profitability concerns: Investors remain concerned that Alphabet’s large data-center and AI investments could pressure free cash flow and take time to generate adequate returns. A reported multibillion-dollar computing arrangement with SpaceX adds to scrutiny of spending discipline.
• Negative Sentiment: Litigation over AI disclosures: Several law firms publicized a securities-fraud class action covering investors who bought shares from May 19 through July 16, 2026. The allegations reportedly involve representations about Gemini 3.5 Pro training results; the repeated notices add headline and potential liability risk, although they do not establish wrongdoing.
• Negative Sentiment: Other risks: Google warned that suspected China-linked hackers could exploit a BeyondTrust software flaw, while political and regulatory uncertainty could affect Search, advertising and the profits funding Alphabet’s AI buildout.

Insiders Place Their Bets

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. This represents a 1.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 420,865 shares of company stock worth $8,293,477 in the last three months. Corporate insiders own 11.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GOOGL. Rosenblatt Securities restated a "buy" rating and set a $410.00 price objective on shares of Alphabet in a report on Thursday, September 3rd. JPMorgan Chase & Co. upped their price objective on Alphabet from $420.00 to $425.00 and gave the company an "overweight" rating in a research report on Thursday. Barclays reiterated an "overweight" rating and issued a $425.00 target price (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. DA Davidson set a $350.00 target price on Alphabet and gave the stock a "neutral" rating in a research note on Thursday, July 23rd. Finally, Tigress Financial reiterated a "strong-buy" rating and set a $485.00 target price (up from $415.00) on shares of Alphabet in a research report on Thursday, September 17th. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $425.04.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.