Central Pacific Bank Trust Division Has $13.92 Million Stock Position in Alphabet Inc. $GOOGL

Key Points

• Central Pacific Bank Trust Division boosted its stake in Alphabet by 65% in Q4 to 44,479 shares worth $13.92 million, making GOOGL its 8th-largest holding (1.7% of the portfolio).
• Analysts remain broadly positive, with a consensus rating of "Moderate Buy" and a consensus target of $367.18, while several firms have raised price targets (up to $400) and issued Buy/Outperform ratings.
• Notable insider selling has occurred recently—insiders sold about 2,110,165 shares (~$118.1M) over the last three months, including CEO Sundar Pichai's sale of ~32,500 shares—while shares traded near $301 and were down about 2%.

Central Pacific Bank Trust Division raised its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 65.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,479 shares of the information services provider's stock after buying an additional 17,518 shares during the period. Alphabet accounts for 1.7% of Central Pacific Bank Trust Division's investment portfolio, making the stock its 8th biggest holding. Central Pacific Bank Trust Division's holdings in Alphabet were worth $13,922,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Iowa State Bank boosted its stake in shares of Alphabet by 11.3% in the 4th quarter. Iowa State Bank now owns 63,241 shares of the information services provider's stock worth $19,794,000 after buying an additional 6,399 shares during the last quarter. Clark Financial Services Group Inc. BD grew its holdings in shares of Alphabet by 6.7% in the fourth quarter. Clark Financial Services Group Inc. BD now owns 3,155 shares of the information services provider's stock valued at $999,000 after acquiring an additional 198 shares in the last quarter. Collective Family Office LLC increased its position in shares of Alphabet by 7.1% during the fourth quarter. Collective Family Office LLC now owns 9,639 shares of the information services provider's stock valued at $3,017,000 after acquiring an additional 640 shares during the last quarter. Fulcrum Equity Management increased its position in shares of Alphabet by 102.6% during the fourth quarter. Fulcrum Equity Management now owns 5,797 shares of the information services provider's stock valued at $1,814,000 after acquiring an additional 2,936 shares during the last quarter. Finally, Abner Herrman & Brock LLC lifted its holdings in Alphabet by 2.4% during the fourth quarter. Abner Herrman & Brock LLC now owns 2,394 shares of the information services provider's stock worth $749,000 after acquiring an additional 56 shares during the period. Institutional investors own 40.03% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Robert W. Baird boosted their price objective on Alphabet from $375.00 to $380.00 and gave the stock an "outperform" rating in a research report on Friday, March 6th. KeyCorp set a $370.00 target price on Alphabet and gave the company an "overweight" rating in a research report on Thursday, February 5th. Stifel Nicolaus reiterated a "buy" rating and set a $395.00 target price (up from $346.00) on shares of Alphabet in a research note on Thursday, February 5th. Citizens Jmp restated a "market outperform" rating and set a $385.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada raised their price objective on shares of Alphabet from $375.00 to $400.00 and gave the stock an "outperform" rating in a report on Thursday, February 5th. Three research analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $367.18.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: DeepMind hired Jasjeet Sekhon, Bridgewater’s chief scientist, as chief strategy officer — a high‑profile talent win that reinforces Alphabet’s DeepMind AI bench and long‑term product roadmap. Exclusive: Bridgewater's chief scientist Sekhon to join Google's DeepMind AI unit
• Positive Sentiment: High‑profile endorsement: Elon Musk tweeted that Google will “win the AI race in the West,” a bullish signal for market perception of Alphabet’s AI leadership. Elon Musk Says China Will Win The AI Race, But Here's Where SpaceX Will Win
• Positive Sentiment: Product momentum: Google’s new “Stitch” AI design features are pressuring rivals (e.g., Figma’s stock fell), underscoring expanding addressable market for Google’s AI tools. Figma's stock drops 11% in two days after Google releases 'vibe design' product
• Positive Sentiment: Market commentary highlights Alphabet’s operational strength (consecutive earnings beats, Cloud acceleration), supporting the bullish analyst consensus and relative outperformance among mega‑caps. 2 Tech Giants Holding Their Ground While the Market Slides
• Neutral Sentiment: Insider sales disclosed: CEO Sundar Pichai sold ~32,500 shares (~$10M) and Director John Hennessy sold a small stake — notable but small relative to total insider holdings; monitor if these continue. Insider filing: Sundar Pichai sale
• Neutral Sentiment: Short‑interest data in the feeds appears anomalous/zero and provides no clear signal (no days‑to‑cover build reported).
• Neutral Sentiment: Competitive takes: Analysts compare Snowflake and Alphabet on cloud analytics — SNOW’s momentum is notable but doesn’t negate Google Cloud’s growth trajectory. Snowflake vs Alphabet: Which Cloud Analytics Stock Has an Edge Now?
• Negative Sentiment: Investor concern about massive hyperscaler AI spending — analysts flag $410B+ capex across hyperscalers and question near‑term returns, a theme that can pressure tech multiples including GOOGL. Forget the War Headlines: This Is the Real Reason Tech Stocks Are Struggling
• Negative Sentiment: Valuation debate persists: coverage notes shifting investment story as AI deals and capex raise questions about near‑term upside despite solid fundamentals. How The Alphabet (GOOGL) Investment Story Is Shifting With AI Deals And Valuation Questions

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $303.41, for a total value of $318,580.50. Following the sale, the director owned 4,631 shares of the company's stock, valued at $1,405,091.71. The trade was a 18.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Kent Walker sold 47,574 shares of the company's stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the sale, the insider owned 13,227 shares in the company, valued at $3,987,279.15. The trade was a 78.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 2,110,165 shares of company stock worth $118,134,117 over the last three months. Company insiders own 11.55% of the company's stock.

Alphabet Stock Down 2.0%

Shares of NASDAQ GOOGL opened at $301.00 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a market capitalization of $3.64 trillion, a PE ratio of 27.84, a P/E/G ratio of 1.76 and a beta of 1.10. Alphabet Inc. has a one year low of $140.53 and a one year high of $349.00. The business's fifty day moving average price is $317.62 and its 200-day moving average price is $293.58.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data 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. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The company had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. On average, equities research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, March 9th. Alphabet's dividend payout ratio (DPR) is currently 7.77%.

About Alphabet

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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