Grove Bank & Trust Sells 3,665 Shares of Alphabet Inc. $GOOG

Key Points

• Grove Bank & Trust reduced its Alphabet position by 11.5% (sold 3,665 shares) in Q4 and now holds 28,290 shares valued at about $8.88 million, making Alphabet ~1.0% of the firm's assets and its 28th largest holding.
• Insiders have sold 2,110,165 shares worth $118.13 million in the past 90 days (insiders still own 12.99% of the company), alongside mixed institutional moves where several firms modestly increased stakes.
• Alphabet beat quarterly expectations (EPS $2.82 vs. $2.59; revenue $113.83B, +18% YoY), pays a $0.21 quarterly dividend (0.3% yield), is trading down recently, and carries an average analyst target of about $345.71 with a consensus "Buy" rating.

Grove Bank & Trust reduced its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 11.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,290 shares of the information services provider's stock after selling 3,665 shares during the quarter. Alphabet accounts for approximately 1.0% of Grove Bank & Trust's holdings, making the stock its 28th biggest holding. Grove Bank & Trust's holdings in Alphabet were worth $8,877,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Genesis Private Wealth LLC boosted its position in shares of Alphabet by 6.5% during the fourth quarter. Genesis Private Wealth LLC now owns 2,693 shares of the information services provider's stock valued at $845,000 after buying an additional 164 shares during the period. Old Port Advisors grew its stake in shares of Alphabet by 90.3% during the fourth quarter. Old Port Advisors now owns 1,768 shares of the information services provider's stock valued at $555,000 after buying an additional 839 shares during the last quarter. Signet Financial Management LLC raised its holdings in shares of Alphabet by 1.0% in the fourth quarter. Signet Financial Management LLC now owns 64,284 shares of the information services provider's stock worth $20,172,000 after buying an additional 639 shares during the period. Hutchens & Kramer Investment Management Group LLC lifted its stake in shares of Alphabet by 14.6% during the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 5,063 shares of the information services provider's stock worth $1,589,000 after acquiring an additional 644 shares during the last quarter. Finally, Maridea Wealth Management LLC lifted its stake in shares of Alphabet by 13.3% during the 4th quarter. Maridea Wealth Management LLC now owns 35,745 shares of the information services provider's stock worth $11,217,000 after acquiring an additional 4,184 shares during the last quarter. Institutional investors own 27.26% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: DeepMind expands robotics AI work—Alphabet’s DeepMind will integrate Gemini Robotics foundation models with Agile Robots’ hardware, advancing robotics capabilities and supporting long‑term AI monetization and product leadership. Google partners with Agile Robots, growing its AI robotics footprint
• Positive Sentiment: Gemini commerce rollout—Gap will enable checkout inside Google’s Gemini, a sign that Alphabet is starting to capture direct commerce revenue and broaden Gemini’s commercial use cases. That supports the AI monetization narrative. Gap becomes the first major fashion company to offer checkout within Google's Gemini
• Positive Sentiment: Analyst optimism remains—Wall Street price targets and buy ratings stay elevated (median targets well above the current price), which provides upside support over a multi‑month horizon. Alphabet Stock (GOOG) Opinions on Earnings Release
• Neutral Sentiment: Google Cloud business wins and partnerships—BMO/CME plan tokenized cash on Google Cloud and other enterprise collaborations continue to validate cloud demand, but revenue timing and margins will matter. BMO to launch tokenized cash platform with CME and Google Cloud
• Neutral Sentiment: New operational initiatives—Wing’s planned drone deliveries in the SF Bay Area and other hardware efforts show progress but will require continued capital and regulatory approvals. Alphabet's Wing to start drone delivery in San Francisco Bay Area
• Neutral Sentiment: Operational constraints flagged—Alphabet executives warned the U.S. may need more power development to scale AI data centers, highlighting capex and infrastructure dependency. CERAWEEK US needs more energy development to power AI, Google president says
• Neutral Sentiment: Short‑interest reporting appears noisy—several data sources show large short‑interest changes but the published figures (0 shares) are likely reporting errors; treat short‑interest signals with caution.
• Negative Sentiment: Regulatory scrutiny—EU antitrust officials are meeting with Alphabet’s CEO amid growing scrutiny of Big Tech’s AI power, a near‑term headwind that can increase uncertainty and re‑rate multiples. EU antitrust chief meets Google, Meta, OpenAI, Amazon CEOs amidst AI scrutiny
• Negative Sentiment: Technical weakness—traders are pointing to a head‑and‑shoulders breakdown and failing support levels, which can amplify selling in the short term as algorithmic and momentum funds react. Alphabet Stock (GOOGL) Opinions on Technical Breakdown and AI Developments
• Negative Sentiment: Insider selling—public data shows significant insider sales by executives over recent months, which can be interpreted negatively by some investors even if sales are for diversification or compensation reasons. Alphabet Stock (GOOG) Opinions on Earnings Release

Alphabet Trading Down 3.3%

GOOG opened at $289.20 on Wednesday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. The stock's fifty day moving average is $316.04 and its two-hundred day moving average is $294.86. The company has a market capitalization of $3.50 trillion, a P/E ratio of 26.75, a PEG ratio of 1.75 and a beta of 1.10. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $350.15.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.23. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The business had revenue of $113.83 billion during the quarter, compared to analysts' expectations of $111.24 billion. During the same period in the prior year, the business earned $2.15 EPS. The business's revenue for the quarter was up 18.0% compared to the same quarter last year. Analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet's dividend payout ratio is 7.77%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Piper Sandler reaffirmed an "overweight" rating and issued a $395.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Sanford C. Bernstein reiterated a "market perform" rating and set a $345.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Oppenheimer reissued an "outperform" rating and set a $360.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a report on Wednesday, January 21st. Finally, Needham & Company LLC set a $400.00 price target on shares of Alphabet and gave the stock a "buy" rating in a research note on Friday, March 13th. Nine research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $345.71.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $303.41, for a total transaction of $318,580.50. Following the transaction, the director owned 4,631 shares of the company's stock, valued at approximately $1,405,091.71. This trade represents a 18.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 47,574 shares of the business's stock in a transaction dated 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 completion of the sale, the insider owned 13,227 shares of the company's stock, valued at approximately $3,987,279.15. This represents a 78.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,110,165 shares of company stock valued at $118,134,117 in the last 90 days. Insiders own 12.99% of the company's stock.

Alphabet Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.