Alphabet Inc. $GOOGL Stock Position Increased by Rockland Trust Co.

Rockland Trust Co. boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 8.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 514,917 shares of the information services provider’s stock after acquiring an additional 41,786 shares during the period. Alphabet accounts for about 5.1% of Rockland Trust Co.’s portfolio, making the stock its 2nd largest holding. Rockland Trust Co.’s holdings in Alphabet were worth $125,176,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Delta Asset Management LLC TN increased its position in shares of Alphabet by 0.6% during the 3rd quarter. Delta Asset Management LLC TN now owns 6,153 shares of the information services provider’s stock worth $1,496,000 after purchasing an additional 37 shares during the last quarter. Matisse Capital lifted its position in Alphabet by 0.3% in the third quarter. Matisse Capital now owns 14,814 shares of the information services provider’s stock valued at $3,601,000 after buying an additional 38 shares during the last quarter. Breakwater Investment Management boosted its stake in Alphabet by 1.0% during the third quarter. Breakwater Investment Management now owns 4,228 shares of the information services provider’s stock worth $1,028,000 after buying an additional 41 shares during the period. Wealth Alliance Advisory Group LLC increased its position in shares of Alphabet by 1.0% during the third quarter. Wealth Alliance Advisory Group LLC now owns 4,045 shares of the information services provider’s stock valued at $983,000 after acquiring an additional 41 shares during the last quarter. Finally, Clearview Wealth Advisors LLC increased its position in shares of Alphabet by 3.3% during the third quarter. Clearview Wealth Advisors LLC now owns 1,281 shares of the information services provider’s stock valued at $312,000 after acquiring an additional 41 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analyst upgrades and higher price targets provide near-term support — Loop Capital raised its price target to $355 and Wells Fargo moved to a more constructive stance, boosting buy-side momentum. Read More.
• Positive Sentiment: Waymo commercialization expands — Waymo is rolling out robotaxi service to multiple new U.S. markets (Dallas, Houston, San Antonio, Orlando), which supports a pathway to revenue growth for Alphabet’s autonomous-vehicle unit. Read More.
• Positive Sentiment: Big data-center energy deals lower operational risk for AI/cloud buildout — Google announced a 1.9GW clean-power-backed Minnesota project that includes a 300MW / 100-hour battery, and utilities/energy firms signed long-term supply deals for new Google sites, improving power resiliency for Cloud/AI capacity. Read More.
• Positive Sentiment: Hidden assets and ecosystem stakes add optionality — Alphabet’s strategic holdings (notably ~14% of Anthropic and an early SpaceX stake) plus Gemini integrations (including reported Apple interest) are underappreciated upside drivers for Cloud, AI licensing and potential mark-to-market gains. Read More.
• Neutral Sentiment: Industry capex race: Bridgewater sees ~$650B in Big Tech AI investment for 2026 — this underscores continued capacity expansion that benefits hyperscalers but increases execution/timing uncertainty. Read More.
• Neutral Sentiment: AI chip competition heats up — WSJ coverage highlights intensifying GPU/custom-chip rivalry (Google vs. Nvidia and others), a structural trend that affects margins, procurement and product differentiation. Read More.
• Negative Sentiment: Notable investor rotations and selling — reports show Renaissance trimmed a large position (~$700M sale) and some high-profile funds reduced exposure, which can weigh on intraday flows and dampen momentum. Read More.
• Negative Sentiment: Legal and regulatory risks persist — Klarna expects a Swedish court verdict related to Google patents on April 15, adding event risk for the stock. Read More.
• Negative Sentiment: AI capex funded with debt raises investor caution — coverage warns hyperscalers (including Alphabet) are increasing AI-related spending and in some cases using debt, which shifts risk and could pressure valuations if returns take longer than expected. Read More.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GOOGL. Morgan Stanley increased their price objective on shares of Alphabet from $270.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Evercore restated an “outperform” rating and set a $400.00 price target (up from $325.00) on shares of Alphabet in a research note on Thursday, February 5th. DA Davidson lifted their price objective on Alphabet from $300.00 to $310.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Rosenblatt Securities boosted their price objective on Alphabet from $279.00 to $357.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Finally, Sanford C. Bernstein increased their target price on Alphabet from $305.00 to $335.00 and gave the stock a “market perform” rating in a research note on Monday, February 2nd. Three 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 company. According to data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $366.57.

Insider Activity

In other Alphabet news, insider John Kent Walker sold 47,574 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the sale, the insider directly owned 13,227 shares of the company’s stock, valued at approximately $3,987,279.15. This represents a 78.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $312.30, for a total transaction of $867,569.40. Following the completion of the sale, the chief accounting officer owned 8,962 shares in the company, valued at $2,798,832.60. The trade was a 23.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 2,112,482 shares of company stock worth $119,145,289. Insiders own 11.55% of the company’s stock.

Alphabet Trading Down 0.2%

GOOGL opened at $310.90 on Wednesday. The business has a fifty day moving average price of $320.47 and a 200 day moving average price of $281.05. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $349.00. The stock has a market capitalization of $3.76 trillion, a price-to-earnings ratio of 28.76, a PEG ratio of 1.83 and a beta of 1.09.

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

Alphabet Dividend Announcement

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