Penobscot Investment Management Company Inc. Acquires 5,718 Shares of Alphabet Inc. $GOOGL

Penobscot Investment Management Company Inc. grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 152,472 shares of the information services provider’s stock after purchasing an additional 5,718 shares during the quarter. Alphabet comprises approximately 2.9% of Penobscot Investment Management Company Inc.’s portfolio, making the stock its 6th biggest position. Penobscot Investment Management Company Inc.’s holdings in Alphabet were worth $37,066,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOGL. Truist Financial Corp raised its holdings in shares of Alphabet by 2.3% in the second quarter. Truist Financial Corp now owns 2,546,012 shares of the information services provider’s stock worth $448,684,000 after buying an additional 56,295 shares during the last quarter. Moment Partners LLC increased its position in shares of Alphabet by 9.3% in the 2nd quarter. Moment Partners LLC now owns 5,896 shares of the information services provider’s stock valued at $1,039,000 after acquiring an additional 504 shares during the period. Welch Group LLC increased its position in shares of Alphabet by 4.0% in the 2nd quarter. Welch Group LLC now owns 64,262 shares of the information services provider’s stock valued at $11,325,000 after acquiring an additional 2,467 shares during the period. Brooktree Capital Management purchased a new position in Alphabet in the 2nd quarter worth $352,000. Finally, Griffin Asset Management Inc. lifted its position in Alphabet by 13.9% during the 3rd quarter. Griffin Asset Management Inc. now owns 58,731 shares of the information services provider’s stock worth $14,277,000 after acquiring an additional 7,180 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Apple selected Google’s Gemini models to power the next-generation Siri and other AI features, a multi-year licensing deal that validates Gemini at scale and creates a new non‑ad high‑margin revenue stream (analysts estimate ~ $1B/yr). Why Apple Chose Google to Power the Future of AI
• Positive Sentiment: Investor enthusiasm around AI pushed Alphabet into the $4 trillion market-cap club, a milestone that signals strong sentiment for continued growth in AI products and cloud infrastructure. Alphabet hits $4 trillion valuation as AI refocus lifts sentiment
• Positive Sentiment: Bank of America raised its price target on Alphabet to $370 and maintained a Buy rating, giving the stock visible analyst upside and supporting demand. Benzinga coverage of price-target raise
• Neutral Sentiment: Reports say Google will develop and manufacture high‑end phones in Vietnam this year — a strategic move to broaden hardware efforts and diversify supply chains, but one that is longer‑term in potential revenue impact. Google to develop, manufacture smartphones in Vietnam
• Neutral Sentiment: Competitive AI initiatives from peers (e.g., Microsoft’s retail Copilot and Walmart integrations) highlight a crowded AI field; these developments are important for strategic positioning but are not an immediate earnings hit to Alphabet. Microsoft Wants to Power Retail Without Competing With It
• Neutral Sentiment: Multiple outlets and stock‑picker lists continue to include Alphabet among top growth/AI plays for 2026, reinforcing momentum but also reflecting high expectations that must be met in upcoming reports. Best Growth Stocks to Buy in 2026
• Negative Sentiment: High‑profile criticism (Elon Musk) of the Apple‑Google deal raises the profile of antitrust and concentration-of-power concerns — a reputational/regulatory risk investors should monitor as regulators scrutinize big‑tech partnerships. Elon Musk Slams Google, Apple Deal

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 17,829 shares of the company’s stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $314.89, for a total value of $5,614,173.81. Following the completion of the transaction, the insider owned 42,972 shares of the company’s stock, valued at approximately $13,531,453.08. This represents a 29.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $283.48, for a total value of $9,213,100.00. Following the completion of the sale, the chief executive officer directly owned 2,337,119 shares in the company, valued at approximately $662,526,494.12. The trade was a 1.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 189,309 shares of company stock worth $57,724,770 in the last 90 days. Corporate insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on GOOGL shares. UBS Group reissued a “neutral” rating and issued a $306.00 price objective (up from $255.00) on shares of Alphabet in a report on Thursday, October 30th. Truist Financial set a $350.00 price target on shares of Alphabet and gave the stock a “buy” rating in a report on Friday, December 5th. Wedbush restated an “outperform” rating and set a $350.00 price objective (up from $320.00) on shares of Alphabet in a research note on Friday, December 19th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $315.00 price objective on shares of Alphabet in a report on Tuesday, December 2nd. Finally, KeyCorp reiterated an “overweight” rating and issued a $300.00 price objective (up previously from $265.00) on shares of Alphabet in a research note on Monday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $326.31.

Alphabet Price Performance

NASDAQ:GOOGL opened at $335.97 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. The company has a 50 day moving average price of $308.32 and a 200-day moving average price of $252.09. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $340.49. The firm has a market cap of $4.05 trillion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 1.83 and a beta of 1.08.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The firm had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. Equities research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were given a dividend of $0.21 per share. The ex-dividend date was Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 8.28%.

Alphabet Company Profile

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.