AMG National Trust Bank Decreases Stock Holdings in Alphabet Inc. $GOOGL

AMG National Trust Bank lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 9.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,184 shares of the information services provider's stock after selling 6,300 shares during the quarter. Alphabet comprises about 0.5% of AMG National Trust Bank's investment portfolio, making the stock its 26th biggest holding. AMG National Trust Bank's holdings in Alphabet were worth $22,223,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in GOOGL. EMC Capital Management bought a new position in Alphabet during the fourth quarter valued at approximately $33,000. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet during the 4th quarter valued at approximately $32,000. IFC & Insurance Marketing Inc. bought a new position in shares of Alphabet during the 4th quarter valued at approximately $38,000. Bard Associates Inc. purchased a new position in shares of Alphabet in the fourth quarter valued at $52,000. Finally, Uniplan Investment Counsel Inc. purchased a new position in shares of Alphabet in the fourth quarter valued at $65,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insiders Place Their Bets

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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. The SEC filing for this sale provides additional information. Insiders sold a total of 451,843 shares of company stock worth $12,343,852 in the last three months. Insiders own 11.61% of the company's stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud and AI remain the main growth drivers. Rising Cloud revenue, AI adoption and a reported $514 billion backlog strengthen Alphabet’s competitive position against Microsoft and Amazon, although capacity constraints could limit near-term execution. Rising Cloud Revenue Strengthens Alphabet Against MSFT & AMZN
• Positive Sentiment: New Gemini and AI Mode features could increase user engagement and monetization. Google is expanding AI Mode to track flight prices and assist with hotel bookings, while reviews of its personal-intelligence tools suggest broader consumer adoption. Employees are also reportedly testing a next-generation Gemini Flash model. Google's AI Mode can now track flight prices, help book hotels, and more
• Positive Sentiment: Analyst sentiment and technical momentum remain favorable. Brokerages maintain an average “Buy” recommendation, while technical commentary points to support above approximately $340. Alphabet’s valuation, margins and cash generation are viewed as attractive relative to many AI peers. Alphabet Receives Average Recommendation of Buy
• Positive Sentiment: Alphabet’s custom-chip strategy is creating demand for AI infrastructure. Marvell’s large Google-related AI-chip opportunity highlights Alphabet’s willingness to invest in proprietary computing capacity, potentially supporting long-term performance and reducing reliance on outside suppliers. Marvell’s Google AI-chip opportunity
• Neutral Sentiment: Google changed its European spam and site-reputation policy. The adjustment is intended to address European Commission concerns and reduce the risk of an antitrust fine, but it may affect how Google ranks publisher content and reflects ongoing regulatory pressure. Google changes spam policy in EU to avert antitrust fine
• Negative Sentiment: Legal risks continue to weigh on the investment case. Multiple law firms announced securities-fraud investigations, while Google agreed to a $353 million settlement with UK app developers. These announcements do not establish wrongdoing but could create financial and reputational costs. Google agrees to settle UK app developers’ lawsuit
• Negative Sentiment: The FTC is reportedly considering action involving YouTube. The investigation concerns account suspensions and possible consumer-protection violations, adding another regulatory overhang for Alphabet. US FTC probes YouTube over social media policies

Alphabet Price Performance

NASDAQ GOOGL opened at $346.59 on Monday. The firm's fifty day simple moving average is $349.62 and its two-hundred day simple moving average is $341.86. The firm has a market capitalization of $4.24 trillion, a P/E ratio of 17.41, a P/E/G ratio of 0.97 and a beta of 1.24. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12-month low of $206.20 and a 12-month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data 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. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. Analysts forecast that Alphabet Inc. will post 20.5 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's dividend payout ratio (DPR) is currently 4.42%.

Analysts Set New Price Targets

A number of brokerages recently commented on GOOGL. Truist Financial set a $420.00 price target on shares of Alphabet and gave the company a "buy" rating in a report on Thursday, July 23rd. Dbs Bank upped their target price on shares of Alphabet from $400.00 to $460.00 in a research note on Thursday, May 7th. Pivotal Research restated a "buy" rating and set a $475.00 price target (up from $470.00) on shares of Alphabet in a research note on Thursday, July 23rd. Wedbush reissued an "outperform" rating and set a $445.00 price objective on shares of Alphabet in a report on Thursday, July 23rd. Finally, Barclays reissued an "overweight" rating and issued a $425.00 price objective (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $420.19.

Alphabet 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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