American National Bank & Trust Lowers Stock Holdings in Alphabet Inc. $GOOGL

Key Points

• American National Bank & Trust trimmed its Alphabet stake by 1.4% in Q4, selling 3,222 shares and now holds 235,250 shares (about 7.0% of its portfolio) valued at $73.63M, keeping GOOGL as its largest holding.
• Sundar Pichai sold 32,500 Alphabet shares on March 18 for roughly $10.0M, and insiders have disposed of 2,069,344 shares (~$104.7M) over the past 90 days while still owning 11.55% of the company.
• Analysts remain mostly bullish—price targets have been raised (MarketBeat average target ~$366.92) amid AI/cloud partnership wins and YouTube monetization upside, offset by regulatory risks to Waymo and international content enforcement.

American National Bank & Trust reduced its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 235,250 shares of the information services provider's stock after selling 3,222 shares during the period. Alphabet accounts for approximately 7.0% of American National Bank & Trust's portfolio, making the stock its largest holding. American National Bank & Trust's holdings in Alphabet were worth $73,633,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Members Trust Co grew its holdings in Alphabet by 0.5% during the 4th quarter. Members Trust Co now owns 6,434 shares of the information services provider's stock valued at $2,014,000 after buying an additional 31 shares in the last quarter. Lifelong Wealth Advisors Inc. grew its holdings in shares of Alphabet by 1.9% during the fourth quarter. Lifelong Wealth Advisors Inc. now owns 1,728 shares of the information services provider's stock worth $541,000 after purchasing an additional 33 shares in the last quarter. White Wing Wealth Management grew its holdings in shares of Alphabet by 2.9% during the fourth quarter. White Wing Wealth Management now owns 1,155 shares of the information services provider's stock worth $362,000 after purchasing an additional 33 shares in the last quarter. Quantum Financial Advisors LLC grew its holdings in shares of Alphabet by 0.3% during the fourth quarter. Quantum Financial Advisors LLC now owns 11,799 shares of the information services provider's stock worth $3,693,000 after purchasing an additional 34 shares in the last quarter. Finally, MRA Advisory Group grew its holdings in shares of Alphabet by 2.7% during the fourth quarter. MRA Advisory Group now owns 1,310 shares of the information services provider's stock worth $410,000 after purchasing an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total value of $10,006,425.00. Following the sale, the chief executive officer directly owned 1,642,060 shares of the company's stock, valued at $505,573,853.40. This represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frances Arnold sold 112 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $302.99, for a total value of $33,934.88. Following the completion of the sale, the director directly owned 18,418 shares in the company, valued at approximately $5,580,469.82. This represents a 0.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,069,344 shares of company stock valued at $104,708,426 over the last 90 days. 11.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on GOOGL shares. The Goldman Sachs Group reissued a "buy" rating and set a $375.00 price objective (up from $330.00) on shares of Alphabet in a report on Tuesday, January 13th. President Capital boosted their price objective on Alphabet from $323.00 to $375.00 and gave the stock a "buy" rating in a report on Tuesday, February 10th. Bank of America boosted their price objective on Alphabet from $335.00 to $370.00 and gave the stock a "buy" rating in a report on Tuesday, January 13th. BMO Capital Markets reissued an "outperform" rating and set a $400.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Finally, DA Davidson boosted their price objective on Alphabet from $300.00 to $310.00 and gave the stock a "neutral" rating in a report on Thursday, February 5th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $366.92.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Stronger AI/cloud positioning: Google expanded its multi‑year AI infrastructure partnership with Intel to co‑develop processors and power Google Cloud AI workloads — a sign of durable demand for cloud AI capacity that supports Google Cloud revenue growth. Read More.
• Positive Sentiment: Broadcom and Anthropic deals validate Google’s AI infrastructure strategy and the broader market for non‑NVIDIA accelerators — a constructive signal for Alphabet’s AI cost and supply relationships. Read More.
• Positive Sentiment: Analyst and media bullishness on AI adoption: BNP Paribas and other commentators highlight Gemini and Anthropic as drivers that can take share in the generative AI market, underpinning ad/productivity monetization upside for Alphabet. Read More.
• Positive Sentiment: Monetization tailwind — YouTube raised U.S. Premium prices, which should boost ARPU and subscription revenue over time. Read More.
• Positive Sentiment: Bullish price‑target action from Mizuho (raised to $420) reinforces upside thesis for investors focused on long‑term AI/cloud gains. (No link)
• Neutral Sentiment: Short interest report is effectively meaningless/noisy for today’s move (data shows zero shares / reporting artifact), so it’s not the driver of the stock’s action. (No link)
• Negative Sentiment: Regulatory risk for Waymo: A California bill would require more human operators for robotaxis, raising operating costs and regulatory uncertainty for Alphabet’s autonomous‑vehicle ambitions. Read More.
• Negative Sentiment: International/content regulatory pressure: Indonesia issued a reprimand to YouTube over new social media rules for children, underscoring regional enforcement risk that can hit engagement or require costly compliance changes. Read More.
• Negative Sentiment: Analyst downgrade pressure: Wolfe Research trimmed its price target from $390 to $360, which increases short‑term selling pressure despite the firm still rating the stock “outperform.” (No link)

Alphabet Price Performance

Shares of Alphabet stock opened at $317.20 on Monday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. The company has a market cap of $3.84 trillion, a PE ratio of 29.34, a P/E/G ratio of 1.95 and a beta of 1.12. The business has a 50 day moving average of $306.85 and a 200 day moving average of $299.04. Alphabet Inc. has a 52 week low of $146.10 and a 52 week high of $349.00.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.25. The company had revenue of $113.83 billion for the quarter, compared to analysts' expectations of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. As a group, equities research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

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

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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