Citizens & Northern Corp lowered its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 10.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 40,453 shares of the information services provider's stock after selling 4,731 shares during the period. Alphabet accounts for approximately 3.1% of Citizens & Northern Corp's portfolio, making the stock its 11th largest position. Citizens & Northern Corp's holdings in Alphabet were worth $12,694,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of GOOG. Imprint Wealth LLC bought a new position in shares of Alphabet during the 3rd quarter worth approximately $31,000. Manning & Napier Advisors LLC bought a new stake in shares of Alphabet in the 3rd quarter valued at $32,000. Nvest Wealth Strategies Inc. bought a new stake in shares of Alphabet in the 4th quarter valued at $38,000. Towne Trust Company N.A lifted its position in shares of Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock valued at $42,000 after acquiring an additional 34 shares during the period. Finally, Lynch Asset Management Inc. acquired a new position in shares of Alphabet during the 3rd quarter valued at $61,000. Institutional investors own 27.26% of the company's stock.
Key Stories Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Q1 beat and Cloud strength — Alphabet reported far‑above‑consensus EPS and revenue and disclosed a Google Cloud backlog near ~$468B, driving optimistic analyst revisions and momentum after the quarter. Read More.
- Positive Sentiment: Analyst upgrades & higher price targets — Several firms raised targets and reiterated buy/outperform views (examples include JPMorgan, 24/7 Wall St. models projecting material upside, and a Citizens upgrade). These lifts support medium‑term upside expectations. Read More.
- Positive Sentiment: Large buyer activity — Mirae Asset reported a sizable addition to its GOOGL stake in recent 13F filings, signaling institutional demand. Read More.
- Neutral Sentiment: Strategic/geo-political relevance — Coverage notes Washington is increasingly focused on Google for national AI compute capacity, which could translate to long‑term government/business opportunities but also regulatory/oversight scrutiny. Read More.
- Neutral Sentiment: Waymo & mobility investments — Continued large funding and VC interest in Waymo highlight growth optionality beyond ads, but returns are long‑dated. Read More.
- Neutral Sentiment: AI ecosystem lift for semis and payments — Alphabet’s $190B AI buildout and agentic‑commerce themes boost broader AI infrastructure demand (beneficial for Google, but also benefits peers). Read More.
- Negative Sentiment: Institutional trimming & profit‑taking — Some funds cut GOOG/GOOGL positions (State of Michigan reduced GOOGL; Manning & Napier and Yacktman trimmed stakes), consistent with profit‑taking after a big run. That pressure can cap near‑term gains. Read More. Read More.Read More.
- Negative Sentiment: Rising capex guidance — Alphabet warned of a significant increase in 2027 capital spending tied to AI infrastructure, which can compress near‑term free cash flow and prompt some investors to take profits. Read More.
- Negative Sentiment: Insider selling — A director sale was reported (small amount), a reminder some insiders are trimming exposure; typically immaterial alone but contributes to the day's negative tape. Read More.
Alphabet Trading Down 0.9%
GOOG opened at $379.64 on Tuesday. Alphabet Inc. has a fifty-two week low of $149.49 and a fifty-two week high of $384.18. The firm has a market capitalization of $4.59 trillion, a PE ratio of 28.96, a P/E/G ratio of 1.81 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The company's 50-day moving average is $312.44 and its 200 day moving average is $308.65.
Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $2.43. The business had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company's quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.81 EPS. As a group, research analysts predict that Alphabet Inc. will post 12.78 earnings per share for the current fiscal year.
Alphabet Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is currently 6.41%.
Insider Buying and Selling
In other news, CAO Amie Thuener O'toole sold 955 shares of the business's stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares in the company, valued at $2,955,564. The trade was a 8.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $303.92, for a total value of $9,877,400.00. Following the completion of the transaction, the chief executive officer directly owned 2,818,524 shares in the company, valued at approximately $856,605,814.08. This represents a 1.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 191,053 shares of company stock valued at $58,845,206 in the last 90 days. Insiders own 12.99% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. Wells Fargo & Company upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. DZ Bank raised shares of Alphabet to a "strong-buy" rating in a research report on Monday, February 16th. Cantor Fitzgerald reissued a "neutral" rating on shares of Alphabet in a research note on Tuesday, January 20th. UBS Group restated a "neutral" rating and set a $348.00 price objective (up from $345.00) on shares of Alphabet in a report on Thursday, February 12th. Finally, Scotiabank reaffirmed an "outperform" rating and set a $450.00 target price (up from $400.00) on shares of Alphabet in a research report on Thursday. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $362.73.
View Our Latest Report on GOOG
About Alphabet
(
Free Report)
Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.
Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.
Further Reading
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