Bath Savings Trust Co Reduces Stake in Alphabet Inc. $GOOGL

Key Points

• Bath Savings Trust Co. reduced its Alphabet stake by 3.5% in the third quarter, selling 6,345 shares and retaining 176,771 shares valued at approximately $60.8 million. Alphabet remains the fund’s second-largest holding, representing 6.3% of its portfolio.
• Institutional ownership remains significant at 40.03%, with major investors including State Street, Invesco, Fisher Asset Management, Amundi and Nuveen increasing their positions.
• Alphabet’s outlook remains broadly positive: analysts maintain a consensus “Buy” rating with an average target of $425.72, supported by strong margins, Google Cloud growth and AI investments. However, large infrastructure spending, regulatory or legal issues and project delays pose risks.

Bath Savings Trust Co reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,771 shares of the information services provider's stock after selling 6,345 shares during the quarter. Alphabet makes up 6.3% of Bath Savings Trust Co's holdings, making the stock its 2nd largest position. Bath Savings Trust Co's holdings in Alphabet were worth $60,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of GOOGL. State Street Corp grew its stake in shares of Alphabet by 5.6% during the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock worth $85,403,303,000 after acquiring an additional 12,718,127 shares during the last quarter. Invesco Ltd. increased its stake in Alphabet by 0.5% during the 4th quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider's stock valued at $14,208,470,000 after purchasing an additional 208,362 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Alphabet by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 38,106,033 shares of the information services provider's stock worth $11,927,189,000 after buying an additional 583,078 shares during the last quarter. Amundi lifted its stake in shares of Alphabet by 4.6% during the second quarter. Amundi now owns 33,203,350 shares of the information services provider's stock worth $11,865,809,000 after buying an additional 1,457,371 shares during the period. Finally, Nuveen LLC increased its position in shares of Alphabet by 1.7% in the 4th quarter. Nuveen LLC now owns 29,166,806 shares of the information services provider's stock valued at $9,129,210,000 after acquiring an additional 478,848 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI gaming partnership expands Google’s ecosystem. Alphabet and Unity Software launched plans for an AI-powered platform that allows users to create playable games from natural-language prompts. The initiative could increase Google Play engagement, generate cloud and AI-model demand, and position Alphabet to benefit from the emerging creator economy. Google and Unity Team to Let Users Build Their Own Games
• Positive Sentiment: Long-term nuclear agreement reinforces AI infrastructure plans. Google signed power arrangements with Constellation Energy covering roughly 3,590 megawatts, including 890 megawatts of additional nuclear capacity and 2,700 megawatts from existing plants. Securing dependable electricity supports Alphabet’s data-center expansion and signals confidence in sustained AI demand, although financial terms were not disclosed. Google Signs Nuclear Deal With Constellation Energy
• Positive Sentiment: Analysts see potential upside. Coverage highlights Alphabet’s approximately 55% net margin, accelerating Google Cloud growth, resilient Search advertising and a valuation near 17 times earnings. The stock is consolidating near a potential technical breakout, while analyst targets remain above recent trading levels. Alphabet’s Chart Is Coiling
• Neutral Sentiment: AI infrastructure demand remains a major opportunity but carries execution risk. Alphabet’s spending on power, data centers and custom-chip capacity could support long-term growth, while dependence on suppliers and large capital expenditures may pressure returns if AI demand or customer spending slows.
• Negative Sentiment: Multiple law firms are promoting a securities class action. The lawsuit alleges Alphabet misrepresented progress on its Gemini 3.5 Pro AI model before a significant stock decline. Repeated investor alerts may weigh on sentiment, although the ultimate financial exposure remains uncertain. Alphabet Securities Class Action Deadline
• Negative Sentiment: Finland data-center construction was ordered to stop pending environmental reviews. The delay could increase development timelines and costs, though its near-term effect on Alphabet’s overall results appears limited. Google Finland Data Center Halt

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GOOGL shares. Tigress Financial reiterated a "strong-buy" rating and issued a $485.00 target price (up from $415.00) on shares of Alphabet in a research report on Thursday, September 17th. DZ Bank raised shares of Alphabet to a "strong-buy" rating in a report on Thursday, July 23rd. Freedom Capital raised Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Phillip Securities upgraded Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 27th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $425.00 target price on shares of Alphabet in a research note on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $425.72.

Alphabet Price Performance

Shares of GOOGL traded up $2.82 during trading hours on Wednesday, hitting $350.50. 20,838,673 shares of the stock were exchanged, compared to its average volume of 30,808,869. Alphabet Inc. has a 12-month low of $235.84 and a 12-month high of $408.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The stock's 50-day moving average price is $345.42 and its two-hundred day moving average price is $348.53. The company has a market cap of $4.29 trillion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 1.00 and a beta of 1.21.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Research analysts expect that Alphabet Inc. will post 20.55 earnings per share for the current year.

Alphabet Announces Dividend

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

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 83 shares of the company's stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the sale, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 441,399 shares of company stock worth $8,677,053 in the last ninety days. Insiders own 11.61% of the company's stock.

Alphabet Company 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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