Pinnacle Financial Partners Inc Sells 289,505 Shares of Alphabet Inc. $GOOGL

Pinnacle Financial Partners Inc trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 51.8% in the third quarter, Holdings Channel.com reports. The fund owned 269,531 shares of the information services provider’s stock after selling 289,505 shares during the quarter. Alphabet makes up approximately 1.6% of Pinnacle Financial Partners Inc’s investment portfolio, making the stock its 11th biggest position. Pinnacle Financial Partners Inc’s holdings in Alphabet were worth $65,523,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Alphabet by 1.3% in 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 purchasing an additional 6,733,278 shares during the last quarter. State Street Corp raised its stake in Alphabet by 1.8% during the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock worth $40,524,841,000 after buying an additional 4,008,374 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Alphabet by 3.1% in the second quarter. Geode Capital Management LLC now owns 141,615,284 shares of the information services provider’s stock valued at $24,857,017,000 after buying an additional 4,224,497 shares during the period. Norges Bank bought a new stake in Alphabet during the second quarter valued at $21,944,208,000. Finally, Invesco Ltd. grew its holdings in Alphabet by 1.2% during the 2nd quarter. Invesco Ltd. now owns 44,151,820 shares of the information services provider’s stock worth $7,780,875,000 after acquiring an additional 503,306 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

GOOGL opened at $338.25 on Friday. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $342.29. The company has a market cap of $4.08 trillion, a price-to-earnings ratio of 33.36, a PEG ratio of 1.85 and a beta of 1.08. The company’s fifty day moving average price is $319.46 and its two-hundred day moving average price is $263.90. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The company had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. On average, analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analyst upgrades and bullish notes support near‑term sentiment — Needham and RBC reiterated/issued buy ratings and recent coverage called for earnings upside into the next report, helping lift conviction in shares. Alphabet Earns Buy Rating from Needham RBC Reiterates Buy
• Positive Sentiment: Google and Amazon’s push into AI chips reduces reliance on Nvidia and signals growing in‑house/cloud hardware capabilities — positive for Google Cloud margins and capex leverage. Amazon and Google Eat Into Nvidia’s A.I. Chip Supremacy
• Positive Sentiment: Product momentum: Chrome adds AI image generation and a side‑panel assistant, and Alphabet is pushing AI into Search — supports ad/search revenue upside and user engagement. Google adds AI image generation to Chrome Zacks: AI Push to Boost Search Growth
• Positive Sentiment: Security actions: Google disrupted a large residential proxy network (IPIDEA) tied to abuse, which reduces fraud risk and is a reputational win for its platforms. That supports enterprise trust and regulatory relations. Google disrupts large residential proxy network Google Disrupts Network That Allowed Bad Actors
• Neutral Sentiment: Competitive landscape pieces compare CoreWeave and Alphabet for AI infrastructure — highlights both opportunity and execution risk as GOOGL competes on hardware, software and cloud pricing. CRVW vs. GOOGL: Which Stock Wins the AI Infrastructure Race?
• Neutral Sentiment: Short interest data in the feed is noisy/zeroed and not informative — no clear short‑squeeze signal from the provided entry. (No link — data summary.)
• Negative Sentiment: Waymo safety incident: a Waymo driverless vehicle struck a child near a Santa Monica elementary school; NHTSA has opened an investigation. This raises regulatory and liability risk for the autonomous driving unit and could pressure sentiment around Waymo‑related capex and commercialization timelines. Waymo Robotaxi Hits Child, Prompting NHTSA Investigation CNBC: A Waymo hit a child near an elementary school
• Negative Sentiment: Regulatory/legal pressure: the U.K. CMA is proposing rules to let publishers opt out of AI overviews and new conduct requirements; Alphabet also agreed to a ~$135M U.S. settlement over cellular data handling — potential modest earnings/headline risk and ongoing compliance costs. U.K. Competition Watchdog Plans New Rules Google to Pay $135 Million to Settle Lawsuit

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $283.48, for a total transaction of $9,213,100.00. Following the completion of the sale, the chief executive officer owned 2,337,119 shares in the company, valued at approximately $662,526,494.12. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 17,829 shares of the stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $314.89, for a total value of $5,614,173.81. Following the completion of the sale, the insider directly owned 42,972 shares of the company’s stock, valued at $13,531,453.08. The trade was a 29.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 222,297 shares of company stock worth $68,531,851. Insiders own 11.64% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the topic of a number of recent analyst reports. BNP Paribas Exane started coverage on Alphabet in a research note on Monday, November 24th. They issued an “outperform” rating and a $355.00 price objective on the stock. DA Davidson reissued a “neutral” rating and issued a $300.00 price target on shares of Alphabet in a research note on Tuesday, November 25th. JMP Securities reaffirmed a “market outperform” rating and set a $290.00 price objective on shares of Alphabet in a research report on Wednesday, October 22nd. Piper Sandler reiterated an “overweight” rating and issued a $365.00 price objective (up previously from $330.00) on shares of Alphabet in a research note on Thursday, December 11th. Finally, KeyCorp reissued an “overweight” rating and set a $360.00 target price (up from $330.00) on shares of Alphabet in a research note on Monday. Four investment analysts have rated the stock with a Strong Buy rating, forty-two have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $334.60.

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.