Wilmington Savings Fund Society FSB Sells 84,599 Shares of Alphabet Inc. $GOOG

Key Points

• Wilmington Savings Fund Society FSB sold 84,599 shares of Alphabet in Q3, trimming its stake by 25.6% to 245,736 shares valued at about $59.85 million, which represents roughly 1.4% of the firm's portfolio and its 13th largest holding.
• Alphabet beat quarterly estimates with $2.82 EPS versus $2.59 expected and $113.83 billion in revenue (up 18% year‑over‑year); analysts maintain a consensus "Buy" rating with an average price target near $345.71 and the company has a $3.71 trillion market cap.
• Insider and institutional activity is notable: insiders sold 2,109,115 shares (about $117.8 million) over the past three months including CEO Sundar Pichai, institutional ownership is ~27.3%, and insiders currently hold about 12.99% of the stock.

Wilmington Savings Fund Society FSB trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 25.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 245,736 shares of the information services provider's stock after selling 84,599 shares during the quarter. Alphabet makes up about 1.4% of Wilmington Savings Fund Society FSB's investment portfolio, making the stock its 13th largest holding. Wilmington Savings Fund Society FSB's holdings in Alphabet were worth $59,849,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. First Commonwealth Financial Corp PA boosted its stake in shares of Alphabet by 15.6% during the 3rd quarter. First Commonwealth Financial Corp PA now owns 8,974 shares of the information services provider's stock worth $2,186,000 after acquiring an additional 1,214 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of Alphabet by 20.0% in the third quarter. Sunbelt Securities Inc. now owns 42,586 shares of the information services provider's stock worth $10,372,000 after buying an additional 7,105 shares during the period. Penobscot Wealth Management purchased a new position in shares of Alphabet during the 3rd quarter valued at about $204,000. AdviceOne Advisory Services LLC grew its stake in shares of Alphabet by 2.9% during the 3rd quarter. AdviceOne Advisory Services LLC now owns 1,335 shares of the information services provider's stock valued at $325,000 after acquiring an additional 37 shares during the period. Finally, Coldstream Capital Management Inc. increased its holdings in Alphabet by 13.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 156,332 shares of the information services provider's stock worth $38,075,000 after acquiring an additional 18,653 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Alphabet Price Performance

Alphabet stock opened at $306.30 on Thursday. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $350.15. 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 firm's fifty day moving average is $318.68 and its 200 day moving average is $292.32. The company has a market cap of $3.71 trillion, a price-to-earnings ratio of 28.33, a PEG ratio of 1.81 and a beta of 1.10.

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

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders 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 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is presently 7.77%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GOOG. Jefferies Financial Group reiterated a "buy" rating and issued a $365.00 price target on shares of Alphabet in a research note on Monday, January 5th. Pivotal Research reiterated a "buy" rating and set a $420.00 price objective (up from $400.00) on shares of Alphabet in a research report on Thursday, February 5th. Guggenheim reissued a "buy" rating and issued a $375.00 target price on shares of Alphabet in a report on Monday, December 1st. Wells Fargo & Company upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. Finally, Oppenheimer reissued an "outperform" rating and set a $360.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Nine equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Alphabet presently has a consensus rating of "Buy" and an average price target of $345.71.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: DeepMind hires Bridgewater chief scientist Jasjeet Sekhon as chief strategy officer — a high‑profile AI talent win that signals Alphabet is accelerating DeepMind’s commercial and research push vs. OpenAI/Anthropic. Article Title
• Positive Sentiment: Google’s Stitch redesign and other product updates are pressuring competitors (Adobe, Figma), showing Alphabet can leverage AI to expand into new workflows and monetize developer/designer tools. Article Title
• Positive Sentiment: Alphabet’s Wiz buyout expands Google Cloud’s security portfolio — strengthens competitive positioning against AWS/Azure and supports enterprise AI adoption. Article Title
• Positive Sentiment: Alphabet is rebuilding Pentagon ties and appears well‑placed for government AI work after competitors’ controversies — a potential revenue/contract upside. Article Title
• Neutral Sentiment: Google says it will let websites opt out of generative AI in search to address UK competition concerns — could head off regulatory risk but may limit product scope in UK markets. Article Title
• Negative Sentiment: Alphabet is increasing reliance on Chinese suppliers for advanced liquid cooling and may acquire a Chinese cooling firm — improves capacity for AI data centers but raises new geopolitical, export‑control and regulatory risks. Article Title
• Negative Sentiment: CEO Sundar Pichai sold 32,500 shares (SEC filing) and other insider sales continue; large insider selling can spur short‑term caution among investors. Article Title
• Negative Sentiment: Broad concerns about hyperscaler AI capex — heavy spending raises questions about the pace of returns and margin/valuation pressure for big cloud/AI names (including Alphabet). Article Title
• Positive Sentiment: Alphabet paid its first 2026 dividend ($0.21/share) and maintains strong analyst sentiment/price targets, which supports longer‑term investor confidence. Article Title

Insiders Place Their Bets

In other news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $19.00, for a total value of $35,060,852.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $321.21, for a total value of $10,439,325.00. Following the sale, the chief executive officer directly owned 2,244,372 shares of the company's stock, valued at $720,914,730.12. This represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,109,115 shares of company stock worth $117,815,536 over the last three months. 12.99% of the stock is currently owned by corporate insiders.

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.

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