Alphabet Inc. $GOOGL Stock Sold by Ledyard National Bank

Ledyard National Bank reduced its position in Alphabet Inc. (NASDAQ:GOOGL) by 3.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 84,780 shares of the information services provider’s stock after selling 2,722 shares during the quarter. Alphabet comprises about 2.3% of Ledyard National Bank’s holdings, making the stock its 11th largest position. Ledyard National Bank’s holdings in Alphabet were worth $29,171,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Culbertson A N & Co. Inc. boosted its position in shares of Alphabet by 2.4% during the 3rd quarter. Culbertson A N & Co. Inc. now owns 37,306 shares of the information services provider’s stock worth $12,836,000 after purchasing an additional 873 shares in the last quarter. Seros Financial LLC grew its stake in shares of Alphabet by 2.7% during the 3rd quarter. Seros Financial LLC now owns 1,127 shares of the information services provider’s stock worth $388,000 after purchasing an additional 30 shares during the period. Legacy Financial Group Inc. grew its stake in shares of Alphabet by 13.5% during the 3rd quarter. Legacy Financial Group Inc. now owns 4,259 shares of the information services provider’s stock worth $1,465,000 after purchasing an additional 506 shares during the period. NBT Bank N.A. purchased a new position in shares of Alphabet in the 3rd quarter valued at about $47,020,000. Finally, Isthmus Partners LLC increased its holdings in shares of Alphabet by 2.2% in the 3rd quarter. Isthmus Partners LLC now owns 71,602 shares of the information services provider’s stock valued at $24,637,000 after purchasing an additional 1,515 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GOOGL shares. DZ Bank upgraded shares of Alphabet to a “strong-buy” rating in a research note on Thursday, July 23rd. Barclays reissued an “overweight” rating and set a $425.00 price target (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. UBS Group restated a “neutral” rating and issued a $380.00 price target (up from $379.00) on shares of Alphabet in a report on Wednesday, October 14th. DA Davidson set a $350.00 price objective on Alphabet and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Finally, Piper Sandler raised their price target on Alphabet from $395.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, September 28th. Five analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $425.04.

Alphabet Stock Performance

Alphabet stock opened at $324.89 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The stock has a fifty day moving average of $341.50 and a two-hundred day moving average of $340.66. The company has a market capitalization of $3.97 trillion, a price-to-earnings ratio of 16.32, a PEG ratio of 0.92 and a beta of 1.21. Alphabet Inc. has a fifty-two week low of $267.67 and a fifty-two week high of $408.61.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.90). Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The company had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.96 billion. On average, analysts anticipate that Alphabet Inc. will post 20.60 EPS for the current fiscal year.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud growth accelerated: Cloud revenue more than doubled, rising 103% year over year and exceeding expectations. The results suggest Alphabet’s investments in AI infrastructure, cloud capacity and custom TPU chips are generating meaningful demand. Google Cloud Revenue Just Grew 103%, so Why Is the Stock Falling?
• Positive Sentiment: AI monetization opportunities are expanding: Google is rolling out AI Search ads internationally, opening its AI experiences to more third-party apps, and reportedly attracting interest from OpenAI for its TPU chips. These developments could diversify Alphabet’s revenue and strengthen its position against Nvidia in AI infrastructure. Google expands AI Search ads globally as core ad growth slows
• Neutral Sentiment: New Gemini 4 Carbon launch: Google introduced a cybersecurity-focused AI model that received positive attention from Elon Musk. The launch supports Alphabet’s long-term AI strategy, but its near-term financial contribution remains uncertain. Google launches Gemini 4 Carbon AI model with cybersecurity focus
• Negative Sentiment: Quarterly results missed estimates: Alphabet reported adjusted earnings of $2.12 per share, below consensus estimates ranging from $2.94 to $3.02. Revenue of $127.6 billion also fell short of expectations near $128.2 billion, while profit declined from the prior year. Alphabet Q3 Earnings and Revenues Miss Estimates
• Negative Sentiment: Cash flow is the main concern: Free cash flow fell as Alphabet spent heavily on data centers, cloud capacity and AI research. Investors are concerned that the rapid expansion may pressure returns and limit buybacks, even as cloud revenue grows quickly. Alphabet’s free cash flow sinks further
• Negative Sentiment: Advertising momentum was mixed: YouTube advertising revenue rose 9% to $11.2 billion but missed the $11.43 billion analyst estimate, while broader search-ad growth slowed. South Korea also imposed an app-market fine, adding to regulatory pressure.

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the sale, the director owned 19,076 shares in the company, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.61% of the stock is currently owned by insiders.

Alphabet Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.