Alphabet Inc. $GOOG Shares Bought by Truist Financial Corp

Truist Financial Corp boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,637,658 shares of the information services provider’s stock after purchasing an additional 10,731 shares during the period. Alphabet makes up 1.2% of Truist Financial Corp’s portfolio, making the stock its 14th biggest position. Truist Financial Corp’s holdings in Alphabet were worth $885,951,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of GOOG. BankPlus Wealth Management LLC boosted its stake in shares of Alphabet by 1.2% during the 3rd quarter. BankPlus Wealth Management LLC now owns 3,143 shares of the information services provider’s stock valued at $766,000 after buying an additional 37 shares during the last quarter. Cedar Mountain Advisors LLC raised its stake in Alphabet by 11.8% during the third quarter. Cedar Mountain Advisors LLC now owns 370 shares of the information services provider’s stock worth $90,000 after acquiring an additional 39 shares during the period. Higgins & Schmidt Wealth Strategies LLC raised its position in shares of Alphabet by 2.2% during the 3rd quarter. Higgins & Schmidt Wealth Strategies LLC now owns 1,818 shares of the information services provider’s stock worth $443,000 after purchasing an additional 40 shares during the period. Hartmann Taylor Wealth Management LLC grew its position in shares of Alphabet by 2.3% during the third quarter. Hartmann Taylor Wealth Management LLC now owns 1,813 shares of the information services provider’s stock worth $442,000 after acquiring an additional 40 shares during the last quarter. Finally, Riverbend Wealth Management LLC raised its holdings in shares of Alphabet by 1.0% during the third quarter. Riverbend Wealth Management LLC now owns 4,198 shares of the information services provider’s stock valued at $1,023,000 after buying an additional 41 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of Alphabet stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $19.00, for a total value of $35,060,852.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $296.64, for a total transaction of $9,640,800.00. Following the sale, the chief executive officer directly owned 2,304,619 shares of the company’s stock, valued at approximately $683,642,180.16. This represents a 1.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 2,037,964 shares of company stock worth $95,259,727. 12.99% of the stock is currently owned by company insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $340.70 on Wednesday. The stock has a market capitalization of $4.11 trillion, a P/E ratio of 33.60, a P/E/G ratio of 2.08 and a beta of 1.10. The business has a 50-day moving average of $321.78 and a two-hundred day moving average of $269.04. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $350.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.2%. Alphabet’s dividend payout ratio is presently 8.28%.

Analyst Upgrades and Downgrades

A number of research firms have commented on GOOG. KeyCorp restated an “overweight” rating and set a $360.00 price target on shares of Alphabet in a research report on Monday, January 26th. Pivotal Research reiterated a “buy” rating and set a $400.00 price objective (up from $350.00) on shares of Alphabet in a research report on Friday, December 5th. Guggenheim reaffirmed a “buy” rating and set a $375.00 target price on shares of Alphabet in a research note on Monday, December 1st. Phillip Securities upgraded shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $370.00 price target on shares of Alphabet in a research note on Tuesday, January 20th. Eight equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $330.83.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Waymo’s $16 billion funding round and $126B valuation bolster Alphabet’s optionality in autonomous mobility and unlock value outside core ads — a major positive signal for long-term growth investors. Waymo valued at $126 billion in latest financing
• Positive Sentiment: Google Cloud is signing multi-year AI deals (Liberty Global) and commercial deployments (Humana), validating monetization of Gemini and enterprise AI adoption. Google Cloud, Liberty Global strike five-year AI partnership
• Positive Sentiment: Wall Street momentum: several analyst upgrades and raised price targets ahead of earnings reflect confidence in Search/Cloud/AI revenue leverage. Top Mizuho Analyst Raises Alphabet (GOOGL) Stock Price Target Ahead of Q4 Earnings
• Positive Sentiment: Institutional and thematic buyers (Crossmark, Sumitomo Mitsui, ARK additions) show continued allocation into Alphabet amid the AI thematic. Fund Update: Crossmark Global Holdings, Inc. Just Disclosed New Holdings
• Neutral Sentiment: Q4 earnings are due after the close Feb. 4 and options imply a sizable move — results and guidance will likely drive the next major direction. Alphabet (GOOGL) Stock: What Wall Street Expects from Earnings Wednesday
• Neutral Sentiment: Reported short-interest data in these feeds is noisy/zeroed (likely reporting artifacts) and currently provides no clear bearish signal.
• Negative Sentiment: Insider and some institutional selling: recent filings show the CAO sold shares and several funds trimmed positions — persistent insider sales can weigh on sentiment near costly valuations. SEC insider filing
• Negative Sentiment: Covers and worry pieces highlight high valuation and the risk of a near-term pullback if AI monetization or ad growth disappoints — investor expectations are elevated. Why Google Stock Faces A Near-Term Pullback
• Negative Sentiment: Collateral concerns: Disney disclosed a YouTube TV-related hit, a reminder of distribution and carriage risks for YouTube/TV businesses. Disney said it took a $110 million hit from its fight with YouTube TV

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.