Hemenway Trust Co LLC Has $70.51 Million Position in Alphabet Inc. $GOOGL

Hemenway Trust Co LLC decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 290,060 shares of the information services provider’s stock after selling 12,967 shares during the period. Alphabet makes up 5.4% of Hemenway Trust Co LLC’s holdings, making the stock its 3rd biggest holding. Hemenway Trust Co LLC’s holdings in Alphabet were worth $70,514,000 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. Norges Bank acquired a new position in Alphabet in the second quarter valued at approximately $21,944,208,000. Laurel Wealth Advisors LLC boosted its stake in Alphabet by 17,667.7% during the second quarter. Laurel Wealth Advisors LLC now owns 15,245,075 shares of the information services provider’s stock worth $2,686,640,000 after acquiring an additional 15,159,273 shares in the last quarter. Franklin Resources Inc. grew its holdings in Alphabet by 51.7% in the second quarter. Franklin Resources Inc. now owns 31,817,684 shares of the information services provider’s stock worth $5,607,232,000 after purchasing an additional 10,843,853 shares during the period. Vanguard Group Inc. grew its holdings in Alphabet by 1.3% in the second quarter. Vanguard Group Inc. now owns 516,559,609 shares of the information services provider’s stock worth $91,033,300,000 after purchasing an additional 6,733,278 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Alphabet by 201.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 6,547,250 shares of the information services provider’s stock valued at $1,153,824,000 after purchasing an additional 4,374,542 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Large commercial win for Google Cloud — CVS will use Google Cloud to launch an AI‑enabled health platform, a meaningful enterprise contract that validates recurring cloud/AI revenue potential. CVS taps Google Cloud
• Positive Sentiment: Bullish industry/analyst tone on AI adoption — reports projecting large AI spending and recent analyst price‑target increases support a higher long‑term revenue multiple for Google Cloud and Gemini. Gartner Says AI Spending Will Hit $2.5 Trillion
• Positive Sentiment: Institutional backing spotlighted — coverage noting Berkshire Hathaway’s profitable position in Alphabet reinforces confidence from large investors. That can underpin demand for shares. Berkshire Is Sitting On Google Gains
• Neutral Sentiment: Routine insider selling disclosed — small sales by a director and the CAO (hundreds of shares) are noted by the market but are modest relative to their holdings and not uncommon. Frances Arnold Sells 112 Shares
• Neutral Sentiment: Short‑interest reporting appears anomalous (zero/NaN in recent feeds) — no clear short squeeze or covering signal from the data provided. Short interest report (data flagged)
• Negative Sentiment: Play Store settlement cuts commissions — Google will lower Play Store commissions to 20% (plus up to 5% for Google billing), which may reduce Play/Android monetization and is a near‑term revenue headwind. Google settles with Epic Games
• Negative Sentiment: AI safety/legal overhang — a wrongful‑death suit alleges harmful instructions from the Gemini chatbot, creating reputational, regulatory and litigation risk for Alphabet’s AI business. Gemini wrongful-death suit
• Negative Sentiment: Waymo safety and regulatory scrutiny — recent incidents and NTSB probes raise execution and regulatory risk for Alphabet’s autonomous‑driving unit, which could pressure investor sentiment on non‑core bets. Waymo Faces Mounting Scrutiny
• Negative Sentiment: Macro/geopolitical tech pullback — regional tensions and related operational impacts (e.g., Dubai) are compressing tech multiples and weighing on large‑cap names like Alphabet. Rising Tensions Force Tech Pullback

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $321.21, for a total transaction of $10,439,325.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $312.30, for a total value of $867,569.40. Following the completion of the sale, the chief accounting officer directly owned 8,962 shares of the company’s stock, valued at $2,798,832.60. This represents a 23.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,079,993 shares of company stock worth $108,745,244 in the last ninety days. Company insiders own 11.64% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GOOGL. Barclays restated an “overweight” rating and issued a $360.00 target price (up from $315.00) on shares of Alphabet in a research note on Thursday, February 5th. Citizens Jmp restated a “market outperform” rating and set a $385.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Wedbush upped their target price on Alphabet from $360.00 to $370.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Phillip Securities raised shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, BMO Capital Markets restated an “outperform” rating and set a $400.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Three research analysts have rated the stock with a Strong Buy rating, forty-three have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $366.57.

Alphabet Stock Performance

Shares of GOOGL stock opened at $300.88 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a 50-day moving average of $320.22 and a 200-day moving average of $285.01. Alphabet Inc. has a one year low of $140.53 and a one year high of $349.00. The company has a market cap of $3.64 trillion, a P/E ratio of 27.83, a P/E/G ratio of 1.77 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. Equities research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is 7.77%.

About Alphabet

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.