Hingham Institution for Savings Decreases Stock Position in Alphabet Inc. $GOOGL

Key Points

• Hingham Institution for Savings reduced its Alphabet position by 11.3% in the second quarter, selling 13,500 shares. Alphabet remains the institution’s largest holding, representing 28.2% of its portfolio and valued at $37.9 billion.
• Alphabet reported quarterly revenue of $119.8 billion and earnings of $9.11 per share, exceeding analyst estimates. Analysts maintain a consensus “Buy” rating with an average price target of $420.78, while the stock recently traded near $342.87.
• Alphabet continues expanding its AI infrastructure and commercial initiatives, including a reported $22 billion chip loan for its Crux AI cloud venture and new agentic-commerce tools for retailers. The company also announced a $0.22 quarterly dividend, yielding approximately 0.3%.

Hingham Institution for Savings cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 11.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,950 shares of the information services provider's stock after selling 13,500 shares during the quarter. Alphabet makes up about 28.2% of Hingham Institution for Savings' investment portfolio, making the stock its biggest position. Hingham Institution for Savings' holdings in Alphabet were worth $37,863,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Diamant Asset Management Inc. raised its stake in Alphabet by 28,950.0% during the 1st quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider's stock valued at $2,671,986,000 after purchasing an additional 9,259,940 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Alphabet by 90.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider's stock valued at $4,900,078,000 after buying an additional 8,112,680 shares in the last quarter. Corient Private Wealth LLC grew its holdings in Alphabet by 127.9% during the 4th quarter. Corient Private Wealth LLC now owns 11,677,886 shares of the information services provider's stock valued at $3,655,178,000 after buying an additional 6,554,842 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Alphabet by 45.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 13,737,125 shares of the information services provider's stock worth $4,299,721,000 after acquiring an additional 4,313,745 shares during the last quarter. Finally, Amundi boosted its position in shares of Alphabet by 12.7% during the first quarter. Amundi now owns 31,745,979 shares of the information services provider's stock worth $9,128,850,000 after acquiring an additional 3,574,810 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: A consortium of 10 banks is reportedly providing a $22 billion chip loan to support Crux AI, Alphabet’s new cloud venture with Blackstone. The financing could accelerate data-center capacity and strengthen Alphabet’s position in AI infrastructure. Banks provide $22 billion chip loan to Blackstone, Alphabet cloud venture
• Positive Sentiment: Google is launching agentic commerce tools for retailers ahead of the holiday season, potentially increasing product-discovery activity, advertising demand and merchant adoption of Google’s AI services. Google Debuts Agentic Tools to Prep Retailers for Holidays
• Positive Sentiment: Alphabet agreed to its largest carbon-removal purchase yet through a Brazilian Terradot project. Separately, Google and Nvidia launched an alliance to make AI data centers more flexible and reduce power-grid strain—helpful developments as electricity availability becomes a constraint on AI growth. Google agrees biggest carbon-removal deal yet
• Positive Sentiment: Alphabet could benefit financially from a potential Anthropic IPO through its reported 14% ownership stake, cloud relationship and chip agreements, although the timing and valuation remain uncertain. What the Anthropic IPO Means for Amazon and Alphabet Investors

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several research analyst reports. Freedom Capital upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. Wall Street Zen lowered Alphabet from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. DZ Bank raised Alphabet to a "strong-buy" rating in a report on Thursday, July 23rd. Cantor Fitzgerald reiterated an "overweight" rating and issued a $420.00 target price (down from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Zacks Research lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Five research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $420.78.

Alphabet Stock Down 0.6%

Shares of NASDAQ:GOOGL opened at $342.87 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The business has a 50 day simple moving average of $345.59 and a two-hundred day simple moving average of $344.63. Alphabet Inc. has a 1 year low of $235.84 and a 1 year high of $408.61. The firm has a market capitalization of $4.19 trillion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 1.00 and a beta of 1.22.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The business had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. On average, equities analysts predict that Alphabet Inc. will post 20.52 EPS for the current year.

Alphabet Dividend Announcement

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

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 82 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $337.71, for a total transaction of $27,692.22. Following the transaction, the director directly owned 18,995 shares in the company, valued at $6,414,801.45. This represents a 0.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 450,875 shares of company stock valued at $11,984,482 over the last three months. 11.61% of the stock is owned by company insiders.

Alphabet Profile

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet's largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.

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