Alphabet Inc. $GOOGL Stock Sold by American National Bank & Trust

American National Bank & Trust trimmed its stake in Alphabet Inc. (NASDAQ:GOOGL) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 210,063 shares of the information services provider’s stock after selling 11,712 shares during the period. Alphabet accounts for about 6.4% of American National Bank & Trust’s investment portfolio, making the stock its biggest holding. American National Bank & Trust’s holdings in Alphabet were worth $72,278,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Wealth Advisors LLC grew its holdings in shares of Alphabet by 6.0% during the 1st quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider’s stock valued at $137,000 after purchasing an additional 27 shares during the last quarter. Rockbridge Investment Management LCC grew its holdings in shares of Alphabet by 0.5% during the 1st quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider’s stock worth $1,570,000 after acquiring an additional 27 shares during the period. Ruggaard & Associates LLC raised its holdings in Alphabet by 0.9% in the first quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider’s stock worth $840,000 after purchasing an additional 27 shares in the last quarter. Cadia Private Client LLC increased its stake in shares of Alphabet by 1.1% in the 1st quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider’s stock worth $744,000 after acquiring an additional 28 shares in the last quarter. Finally, Evansbrook LLC lifted its holdings in shares of Alphabet by 0.3% during the first quarter. Evansbrook LLC now owns 9,522 shares of the information services provider’s stock valued at $2,738,000 after purchasing an additional 28 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Frances Arnold sold 83 shares of the stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the transaction, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the company’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The SEC filing for this sale provides additional information. Insiders have sold a total of 441,399 shares of company stock valued at $8,677,053 over the last quarter. 11.61% of the stock is owned by corporate insiders.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google signed long-term nuclear-power agreements with Constellation Energy covering approximately 3,590 megawatts, including 890 megawatts under a 20-year contract. The arrangement should help secure reliable electricity for expanding AI data centers, although financial terms were not disclosed. Google Signs Nuclear Deal With Constellation Energy
• Positive Sentiment: Analysts remain constructive on Alphabet’s valuation and operating performance. Articles highlighted Google Cloud’s reported 82% growth, resilient Search advertising, net margins near 55% and a price-to-earnings ratio near 17, supporting the view that the stock may be undervalued relative to its AI growth prospects. Alphabet Looks Ready to Break Out
• Positive Sentiment: Google launched SynthID, a public tool for identifying AI-generated images, video and audio. The initiative could strengthen Alphabet’s position in AI trust, content authentication and responsible-use tools. Google’s new SynthID website can identify AI-generated media
• Neutral Sentiment: Google is experimenting with an AI-powered game-creation platform with Unity. The project could create new revenue opportunities and expand AI adoption, but it may also intensify competition in gaming and remains an early-stage experiment. Google experiments with an AI-powered gaming platform
• Negative Sentiment: Google was ordered to halt construction on two Finnish data centers pending environmental-impact assessments. The delay could slow AI infrastructure expansion and increase permitting and compliance costs. Google ordered to halt work on two data centers
• Negative Sentiment: Several law firms publicized a securities-fraud class action alleging Alphabet misrepresented the development progress of its Gemini 3.5 Pro model. The litigation adds reputational and potential financial risks, though the repeated investor alerts do not represent separate lawsuits or a confirmed liability. Alphabet securities fraud class action

Alphabet Trading Down 0.6%

GOOGL stock traded down $1.93 during mid-day trading on Wednesday, reaching $345.75. 8,996,548 shares of the stock traded hands, compared to its average volume of 30,745,689. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet Inc. has a one year low of $235.84 and a one year high of $408.61. The stock has a market capitalization of $4.23 trillion, a PE ratio of 17.35, a PEG ratio of 1.00 and a beta of 1.21. The business has a 50-day moving average price of $345.42 and a two-hundred day moving average price of $348.53.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $117.07 billion. Equities research analysts expect that Alphabet Inc. will post 20.55 EPS for the current 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 given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, September 4th. Alphabet’s payout ratio is 4.42%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on GOOGL shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $420.00 price target (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. BMO Capital Markets set a $465.00 price target on shares of Alphabet and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Rosenblatt Securities reissued a “buy” rating and set a $410.00 price target on shares of Alphabet in a report on Thursday, September 3rd. Tigress Financial restated a “strong-buy” rating and set a $485.00 price objective (up from $415.00) on shares of Alphabet in a research report on Thursday, September 17th. Finally, Barclays reissued an “overweight” rating and issued a $425.00 price target (up from $405.00) on shares of Alphabet in a report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $425.72.

Alphabet Profile

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.