Rockland Trust Co. Sells 2,717 Shares of Alphabet Inc. $GOOG

Rockland Trust Co. decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 8.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,231 shares of the information services provider’s stock after selling 2,717 shares during the period. Rockland Trust Co.’s holdings in Alphabet were worth $9,975,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. raised its stake in Alphabet by 8.4% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,732 shares of the information services provider’s stock worth $2,732,000 after buying an additional 598 shares during the period. Baring Financial LLC lifted its holdings in Alphabet by 3.3% during the second quarter. Baring Financial LLC now owns 1,767 shares of the information services provider’s stock worth $624,000 after acquiring an additional 56 shares in the last quarter. Quantum Financial Advisors LLC grew its stake in Alphabet by 0.5% in the second quarter. Quantum Financial Advisors LLC now owns 10,922 shares of the information services provider’s stock valued at $3,859,000 after acquiring an additional 55 shares during the period. Trust Point Inc. grew its stake in Alphabet by 2.3% in the second quarter. Trust Point Inc. now owns 17,981 shares of the information services provider’s stock valued at $6,353,000 after acquiring an additional 397 shares during the period. Finally, Strategic Investment Solutions Inc. IL increased its holdings in shares of Alphabet by 25.9% in the second quarter. Strategic Investment Solutions Inc. IL now owns 6,919 shares of the information services provider’s stock worth $2,445,000 after acquiring an additional 1,424 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Institutional buying remained supportive. State Street added an estimated 12.7 million shares of Alphabet’s Class A stock, while Mitsubishi UFJ, Lazard and Citizens Financial also increased their Alphabet positions in second-quarter 13F filings. State Street fund update
• Positive Sentiment: Alphabet’s AI and cloud businesses continue to show strong commercial momentum. Gemini reportedly reached 950 million monthly active users, Google Cloud revenue surged 82% in the second quarter, and its backlog reached $514 billion. A new multiyear, $100 million-plus Google Cloud agreement with AI lab Mirendil could add further demand for cloud infrastructure. Google AI and DeepMind report
• Neutral Sentiment: Alphabet is reorganizing its AI leadership. DeepMind chief Demis Hassabis is moving into a broader chief scientist role, while Chief Scientist Jeff Dean is departing after 27 years. The changes could improve long-term research focus but raise concerns about talent retention and execution. Google AI leadership report
• Negative Sentiment: Alphabet launched a roughly $25 billion, 10-part bond offering to finance expanded AI infrastructure spending. Strong demand—reportedly about $115 billion in orders—supports its credit profile, but investors remain concerned that rising capital expenditures and borrowing could reduce returns or increase financial risk. Alphabet bond offering report
• Negative Sentiment: Zacks Research downgraded Alphabet from “strong buy” to “hold,” adding to valuation and near-term sentiment pressure. Separately, several investment managers—including Mawer, First Eagle, Diamond Hill and SCS Capital—reported reductions in Alphabet holdings. Zacks Research
• Negative Sentiment: Alphabet’s planned $15 billion India data-center project faces opposition over water use and wildlife concerns, creating potential regulatory and development hurdles for its infrastructure expansion. Google India data center report

Alphabet Stock Performance

GOOG opened at $353.47 on Friday. The company has a market capitalization of $4.32 trillion, a price-to-earnings ratio of 17.75, a P/E/G ratio of 1.00 and a beta of 1.23. The business’s 50-day moving average price is $353.94 and its two-hundred day moving average price is $338.96. Alphabet Inc. has a 1 year low of $197.46 and a 1 year high of $404.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate of $2.87 by $6.24. The company had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.Alphabet’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.31 earnings per share. Equities analysts expect that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet’s dividend payout ratio is 4.42%.

Insiders Place Their Bets

In other news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the completion of the sale, the insider owned 75,290 shares in the company, valued at $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 600,547 shares of company stock valued at $16,255,540 in the last quarter. 12.99% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GOOG. UBS Group reaffirmed a “neutral” rating and set a $379.00 price target (down from $400.00) on shares of Alphabet in a research report on Thursday, July 23rd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $420.00 price objective (down from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Freedom Capital raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Morgan Stanley dropped their target price on shares of Alphabet from $415.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Finally, Pivotal Research lifted their price target on shares of Alphabet from $470.00 to $475.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $410.09.

Alphabet Company 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.