Alphabet Inc. $GOOGL is Hemenway Trust Co LLC’s 3rd Largest Position

Hemenway Trust Co LLC trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.3% during the third quarter, HoldingsChannel.com reports. The firm owned 290,060 shares of the information services provider’s stock after selling 12,967 shares during the quarter. Alphabet makes up 5.4% of Hemenway Trust Co LLC’s portfolio, making the stock its 3rd largest position. Hemenway Trust Co LLC’s holdings in Alphabet were worth $70,514,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in Alphabet in the 2nd quarter worth about $21,944,208,000. Laurel Wealth Advisors LLC grew its stake in Alphabet by 17,667.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 15,245,075 shares of the information services provider’s stock worth $2,686,640,000 after buying an additional 15,159,273 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Alphabet by 51.7% in the 2nd quarter. Franklin Resources Inc. now owns 31,817,684 shares of the information services provider’s stock worth $5,607,232,000 after buying an additional 10,843,853 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Alphabet by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 516,559,609 shares of the information services provider’s stock valued at $91,033,300,000 after buying an additional 6,733,278 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Alphabet by 201.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,547,250 shares of the information services provider’s stock worth $1,153,824,000 after acquiring an additional 4,374,542 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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

Analysts Set New Price Targets

GOOGL has been the topic of a number of research analyst reports. Jefferies Financial Group increased their target price on Alphabet from $365.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Truist Financial set a $385.00 price objective on Alphabet in a report on Thursday, February 5th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $385.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Pivotal Research lifted their price target on shares of Alphabet from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, Wolfe Research boosted their price objective on shares of Alphabet from $380.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Three investment analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $366.57.

Alphabet Trading Down 0.7%

Shares of GOOGL opened at $300.88 on Friday. The stock has a market capitalization of $3.64 trillion, a P/E ratio of 27.83, a PEG ratio of 1.77 and a beta of 1.10. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $349.00. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. The firm has a fifty day simple moving average of $320.22 and a two-hundred day simple moving average of $285.01.

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

Alphabet Dividend Announcement

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

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 955 shares of Alphabet stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the sale, the chief accounting officer directly owned 9,918 shares in the company, valued at approximately $2,955,564. This trade represents a 8.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frances Arnold sold 112 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $302.99, for a total value of $33,934.88. Following the transaction, the director directly owned 18,418 shares in the company, valued at $5,580,469.82. This trade represents a 0.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 2,079,993 shares of company stock worth $108,745,244. Insiders own 11.64% of the company’s stock.

Alphabet 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.