Grove Bank & Trust Sells 1,477 Shares of Alphabet Inc. $GOOGL

Key Points

• Grove Bank & Trust cut its Alphabet stake by 3.3%, selling 1,477 shares and retaining 42,790 shares valued at approximately $14.7 million. Alphabet remains about 1.5% of the bank’s portfolio.
• Institutional investors own approximately 40.03% of Alphabet, with several firms increasing their positions while 71 West Capital Partners established a new stake worth roughly $33.8 million.
• Analyst sentiment remains bullish, with Alphabet carrying a consensus “Buy” rating and an average price target of $425.72, despite some neutral or downgraded views and recent insider selling.

Grove Bank & Trust lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,790 shares of the information services provider's stock after selling 1,477 shares during the period. Alphabet makes up approximately 1.5% of Grove Bank & Trust's portfolio, making the stock its 15th largest position. Grove Bank & Trust's holdings in Alphabet were worth $14,723,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GOOGL. PFG Investments LLC grew its position in shares of Alphabet by 2.6% during the first quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock worth $25,679,000 after buying an additional 2,269 shares in the last quarter. Elefante Mark B raised its holdings in Alphabet by 4.5% in the second quarter. Elefante Mark B now owns 43,733 shares of the information services provider's stock valued at $15,629,000 after acquiring an additional 1,897 shares in the last quarter. Nwam LLC lifted its stake in Alphabet by 19.6% in the first quarter. Nwam LLC now owns 49,128 shares of the information services provider's stock worth $14,127,000 after acquiring an additional 8,055 shares during the last quarter. WCM Investment Management LLC lifted its stake in Alphabet by 287.4% in the first quarter. WCM Investment Management LLC now owns 3,886 shares of the information services provider's stock worth $1,063,000 after acquiring an additional 2,883 shares during the last quarter. Finally, 71 West Capital Partners acquired a new position in Alphabet during the 4th quarter worth approximately $33,845,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analyst Weigh In

GOOGL has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Alphabet from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Alphabet in a research report on Monday, June 22nd. Roth Capital reiterated a "buy" rating and set a $440.00 target price (up from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. UBS Group lowered their target price on shares of Alphabet from $400.00 to $379.00 and set a "neutral" rating for the company in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $417.00 target price (up from $411.00) on shares of Alphabet in a report on Tuesday. Five analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $425.72.

Insider Buying and Selling at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business's stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the sale, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 441,399 shares of company stock worth $8,677,053 over the last 90 days. Corporate 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 introduced an agentic version of Gemini for business users. The unified agent is designed to perform tasks across workplace applications, strengthening Alphabet’s position in enterprise AI and intensifying competition with Microsoft and OpenAI. Google brings agentic AI to Gemini
• Positive Sentiment: Alphabet’s Waymo autonomous-vehicle unit secured a $5 billion loan from Blackstone, PIMCO and Sixth Street, providing financing for robotaxi expansion without requiring Alphabet to fund the entire rollout directly. Waymo secures $5 billion loan
• Positive Sentiment: Isomorphic Labs, Alphabet’s AI drug-discovery subsidiary, is reportedly discussing a funding round valuing the business between $40 billion and $50 billion. A successful financing could highlight the value of Alphabet’s AI portfolio beyond search and advertising. Isomorphic Labs funding talks
• Positive Sentiment: Analyst sentiment remains strongly bullish: Needham reaffirmed a Buy rating with a $450 price target, while other reports cited broad upside expectations based on Alphabet’s earnings power, cloud growth and AI opportunities.
• Neutral Sentiment: Alphabet and Unity expanded their AI gaming partnership, including tools that let users create games through natural-language prompts. The initiative could broaden Google Play engagement, although monetization and adoption remain unproven. Google and Unity gaming partnership
• Negative Sentiment: Multiple law firms publicized an existing securities class action covering investors who purchased Alphabet securities from May 19 through July 16, 2026. The complaints allege that management failed to disclose issues related to the expected Gemini 3.5 Pro launch and training results. These are allegations, not findings of liability, but the repeated alerts add legal and reputational overhang. Alphabet securities class action announcement
• Negative Sentiment: Google was ordered to halt work on two Finnish data centers pending environmental-impact assessments, potentially delaying infrastructure expansion. Commentary also questioned whether Alphabet is converting heavy AI capital spending into sufficient revenue and criticized its progress in AI coding.

Alphabet Stock Down 0.6%

Shares of NASDAQ:GOOGL opened at $348.29 on Friday. The company has a market capitalization of $4.26 trillion, a PE ratio of 17.49, a P/E/G ratio of 1.01 and a beta of 1.21. 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 twelve month low of $235.84 and a twelve month high of $408.61. The firm has a 50 day simple moving average of $345.99 and a 200-day simple moving average of $349.17.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted 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 firm had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, equities analysts predict that Alphabet Inc. will post 20.55 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, September 4th. Alphabet's dividend payout ratio is currently 4.42%.

About Alphabet

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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