American National Bank & Trust Decreases Position in Alphabet Inc. $GOOGL

Key Points

• American National Bank & Trust reduced its Alphabet position by 5.3% in the third quarter, selling 11,712 shares, but still held 210,063 shares worth approximately $72.3 million. Alphabet remained the firm’s largest holding, representing about 6.4% of its portfolio.
• Alphabet reported quarterly EPS of $9.11 and revenue of $119.8 billion, exceeding analyst expectations. The stock traded near $345.75, with a market capitalization of roughly $4.23 trillion and a P/E ratio of 17.35.
• Wall Street’s outlook remains positive, with a consensus “Buy” rating and a $425.72 price target. Alphabet also declared a quarterly dividend of $0.22 per share, while recent developments include AI infrastructure expansion, SynthID’s launch, data-center permitting delays and securities-fraud litigation allegations.

American National Bank & Trust trimmed its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,063 shares of the information services provider's stock after selling 11,712 shares during the period. Alphabet makes up approximately 6.4% of American National Bank & Trust's holdings, making the stock its biggest holding. American National Bank & Trust's holdings in Alphabet were worth $72,278,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Worth Asset Management LLC grew its position in shares of Alphabet by 15.5% in the third quarter. Worth Asset Management LLC now owns 5,314 shares of the information services provider's stock valued at $1,829,000 after purchasing an additional 714 shares during the last quarter. Matrix Trust Co lifted its position in shares of Alphabet by 18.6% during the 3rd quarter. Matrix Trust Co now owns 2,685 shares of the information services provider's stock worth $924,000 after buying an additional 421 shares during the last quarter. Crumly & Associates Inc. boosted its stake in shares of Alphabet by 15.9% in the 3rd quarter. Crumly & Associates Inc. now owns 6,821 shares of the information services provider's stock valued at $2,347,000 after purchasing an additional 938 shares in the last quarter. First Community Trust NA grew its stake in shares of Alphabet by 6.5% during the third quarter. First Community Trust NA now owns 19,903 shares of the information services provider's stock worth $6,848,000 after buying an additional 1,209 shares during the last quarter. Finally, Legacy Solutions LLC increased its holdings in Alphabet by 1.4% in the 3rd quarter. Legacy Solutions LLC now owns 2,410 shares of the information services provider's stock worth $829,000 after purchasing an additional 34 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

Alphabet stock traded down $1.93 during trading on Wednesday, hitting $345.75. The stock had a trading volume of 8,996,548 shares, compared to its average volume of 30,745,689. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The stock's 50 day moving average is $345.42 and its two-hundred day moving average is $348.53. Alphabet Inc. has a 1 year low of $235.84 and a 1 year high of $408.61. The stock has a market cap of $4.23 trillion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 1.00 and a beta of 1.21.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. As a group, analysts predict that Alphabet Inc. will post 20.55 EPS for the current year.

Alphabet Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Citizens Jmp restated a "market outperform" rating and set a $515.00 price objective on shares of Alphabet in a research report on Wednesday, July 22nd. BMO Capital Markets set a $465.00 price objective on shares of Alphabet and gave the stock an "outperform" rating in a report on Thursday, July 23rd. Cantor Fitzgerald restated an "overweight" rating and issued a $420.00 target price (down from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Jefferies Financial Group restated a "buy" rating on shares of Alphabet in a report on Monday, June 22nd. Finally, DA Davidson set a $350.00 price objective on shares of Alphabet and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Alphabet currently has a consensus rating of "Buy" and a consensus price target of $425.72.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google signed long-term nuclear-power agreements with Constellation Energy covering approximately 3,590 megawatts, including 890 megawatts under a 20-year contract. The arrangement should help secure reliable electricity for expanding AI data centers, although financial terms were not disclosed. Google Signs Nuclear Deal With Constellation Energy
• Positive Sentiment: Analysts remain constructive on Alphabet’s valuation and operating performance. Articles highlighted Google Cloud’s reported 82% growth, resilient Search advertising, net margins near 55% and a price-to-earnings ratio near 17, supporting the view that the stock may be undervalued relative to its AI growth prospects. Alphabet Looks Ready to Break Out
• Positive Sentiment: Google launched SynthID, a public tool for identifying AI-generated images, video and audio. The initiative could strengthen Alphabet’s position in AI trust, content authentication and responsible-use tools. Google's new SynthID website can identify AI-generated media
• Neutral Sentiment: Google is experimenting with an AI-powered game-creation platform with Unity. The project could create new revenue opportunities and expand AI adoption, but it may also intensify competition in gaming and remains an early-stage experiment. Google experiments with an AI-powered gaming platform
• Negative Sentiment: Google was ordered to halt construction on two Finnish data centers pending environmental-impact assessments. The delay could slow AI infrastructure expansion and increase permitting and compliance costs. Google ordered to halt work on two data centers
• Negative Sentiment: Several law firms publicized a securities-fraud class action alleging Alphabet misrepresented the development progress of its Gemini 3.5 Pro model. The litigation adds reputational and potential financial risks, though the repeated investor alerts do not represent separate lawsuits or a confirmed liability. Alphabet securities fraud class action

Insider Buying and Selling

In related news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at $9,125,015.20. The trade was a 1.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 441,399 shares of company stock valued at $8,677,053. Company insiders own 11.61% of the company's stock.

Alphabet Profile

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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