OLD Second National Bank of Aurora Has $15.07 Million Holdings in Alphabet Inc. $GOOGL

Key Points

• OLD Second National Bank of Aurora trimmed its Alphabet stake by 11.2% in Q4, selling 6,065 shares and now holding 48,131 shares valued at about $15.07 million, roughly 3.0% of its portfolio and its 7th-largest position.
• Alphabet reported a strong Q1 beat—$5.11 EPS (vs. $2.64 est.) and $109.9B revenue—driven by Google Cloud growth of ~63% to over $20B, and the company raised its quarterly dividend to $0.22.
• Wall Street has been lifting price targets and issuing buy ratings while insiders have recently sold shares; these positives coexist with higher planned CapEx and increasing European regulatory scrutiny that could pose risks.

OLD Second National Bank of Aurora trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 11.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 48,131 shares of the information services provider's stock after selling 6,065 shares during the period. Alphabet makes up about 3.0% of OLD Second National Bank of Aurora's investment portfolio, making the stock its 7th biggest position. OLD Second National Bank of Aurora's holdings in Alphabet were worth $15,065,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GOOGL. PMV Capital Advisers LLC bought a new position in Alphabet during the fourth quarter worth about $38,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Alphabet in the third quarter valued at approximately $53,000. iSAM Funds UK Ltd bought a new position in shares of Alphabet in the third quarter valued at approximately $53,000. Kentucky Trust Co raised its stake in shares of Alphabet by 142.9% in the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock valued at $53,000 after acquiring an additional 100 shares during the last quarter. Finally, Sellwood Investment Partners LLC bought a new position in shares of Alphabet in the third quarter valued at approximately $63,000. 40.03% of the stock is owned by institutional investors.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 earnings & Google Cloud surge — Alphabet beat on EPS and revenue; Google Cloud grew ~63% to >$20B and backlog jumped near $460B, underpinning earnings momentum and revenue visibility. Alphabet’s Earnings Didn’t Just Beat—They Changed the Story
• Positive Sentiment: Wall Street re-rating — Dozens of brokers raised price targets and reiterated buy/outperform views (Goldman, JPMorgan, Citi, Canaccord, etc.), lifting upside expectations and supporting momentum. JPMorgan price target note
• Positive Sentiment: Product & monetization catalysts — Gemini rollout into millions of vehicles and comments about ads in AI-driven Search/Gemini expand potential ad & cloud monetization paths. Google's Gemini hits cars
• Positive Sentiment: Commercial & government demand — The Pentagon signed agreements with leading AI vendors (including Google) to deploy AI tools on classified networks, validating enterprise/government demand for secure AI infrastructure. Pentagon AI agreements
• Positive Sentiment: Market narrative uplift — Coverage arguing Alphabet could challenge Nvidia for top market-cap status and that Google is “winning” the AI cycle is driving momentum flows and investor positioning. Barron's: The First $6 Trillion Company May Not Be Nvidia
• Neutral Sentiment: CapEx trajectory — Management signaled materially higher CapEx into 2027 to support AI/data centers; that supports future growth but raises near-term investment intensity and cash needs. Seeking Alpha: CapEx concerns
• Negative Sentiment: Regulatory/legal risk — European scrutiny is rising: Italy asked the EU to investigate Google’s AI search features and Swiss regulators opened probes related to keyword bidding; these could lead to fines, remedies or product constraints. Italy asks EU to investigate Google AI search Switzerland probe

Alphabet Stock Performance

Shares of Alphabet stock opened at $385.69 on Monday. 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 firm has a market cap of $4.67 trillion, a P/E ratio of 29.42, a P/E/G ratio of 1.80 and a beta of 1.26. The firm has a 50 day simple moving average of $313.72 and a 200 day simple moving average of $308.70. Alphabet Inc. has a fifty-two week low of $147.84 and a fifty-two week high of $386.76.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.64 by $2.47. The business had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Sell-side analysts predict that Alphabet Inc. will post 12.94 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 issued a $0.22 dividend. This is an increase from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is 6.41%.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total value of $348,232.50. Following the completion of the sale, the director owned 3,581 shares of the company's stock, valued at $1,187,638.65. This trade represents a 22.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the completion of the sale, the chief executive officer directly owned 1,642,060 shares of the company's stock, valued at approximately $505,573,853.40. This represents a 1.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 191,053 shares of company stock valued at $58,845,206 over the last quarter. Company insiders own 11.61% of the company's stock.

Analysts Set New Price Targets

GOOGL has been the subject of a number of research analyst reports. Loop Capital lifted their target price on shares of Alphabet from $320.00 to $355.00 and gave the company a "buy" rating in a research note on Monday, February 23rd. The Goldman Sachs Group lifted their target price on shares of Alphabet from $400.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Alphabet from $395.00 to $460.00 and gave the company an "overweight" rating in a research note on Thursday. President Capital lifted their target price on shares of Alphabet from $323.00 to $375.00 and gave the company a "buy" rating in a research note on Tuesday, February 10th. Finally, Pivotal Research lifted their target price on shares of Alphabet from $400.00 to $420.00 and gave the company a "buy" rating in a research note on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $397.48.

Alphabet Company Profile

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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