Security National Bank Raises Stock Holdings in Alphabet Inc. $GOOGL

Security National Bank lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 5.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,842 shares of the information services provider’s stock after purchasing an additional 2,232 shares during the quarter. Alphabet accounts for approximately 1.7% of Security National Bank’s investment portfolio, making the stock its 13th largest position. Security National Bank’s holdings in Alphabet were worth $11,144,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Truist Financial Corp raised its position in Alphabet by 2.3% during the second quarter. Truist Financial Corp now owns 2,546,012 shares of the information services provider’s stock valued at $448,684,000 after purchasing an additional 56,295 shares during the period. Moment Partners LLC increased its position in shares of Alphabet by 9.3% during the 2nd quarter. Moment Partners LLC now owns 5,896 shares of the information services provider’s stock valued at $1,039,000 after purchasing an additional 504 shares during the last quarter. Welch Group LLC increased its position in shares of Alphabet by 4.0% during the 2nd quarter. Welch Group LLC now owns 64,262 shares of the information services provider’s stock valued at $11,325,000 after purchasing an additional 2,467 shares during the last quarter. Brooktree Capital Management purchased a new stake in Alphabet during the 2nd quarter valued at $352,000. Finally, Griffin Asset Management Inc. lifted its position in Alphabet by 13.9% in the third quarter. Griffin Asset Management Inc. now owns 58,731 shares of the information services provider’s stock worth $14,277,000 after buying an additional 7,180 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL stock opened at $325.44 on Friday. The company has a market capitalization of $3.93 trillion, a P/E ratio of 32.09, a P/E/G ratio of 1.78 and a beta of 1.08. The company’s 50-day simple moving average is $305.24 and its two-hundred day simple moving average is $247.60. Alphabet Inc. has a one year low of $140.53 and a one year high of $330.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75.

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, beating analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The firm had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. As a group, equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, December 8th. Alphabet’s dividend payout ratio is currently 8.28%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet has overtaken Apple to become the world’s second-most valuable public company, a market-cap milestone that signals investor confidence in Google’s AI-led growth story and may attract ETF flows and index-related buying. Google Claims Apple’s Spot on Most-Valuable-Companies List
• Positive Sentiment: Broker and media coverage has turned more bullish (upgrades and optimistic price-target notes), reinforcing momentum and giving investors confidence in further upside tied to Gemini/AI and search monetization. Alphabet Stock Gets an Upgrade. How Google Will Beat ChatGPT.
• Positive Sentiment: EU discussions reportedly spare Big Tech from the strictest aspects of a digital-rule overhaul, easing regulatory risk for Google’s ad and cloud businesses in Europe. Big Tech spared strict rules in EU digital rule overhaul
• Neutral Sentiment: EU antitrust regulators will rule on Alphabet’s $32B Wiz acquisition by Feb. 10 — a clear catalyst but with an uncertain outcome; approval would remove an overhang, while objections could delay or alter the deal. EU antitrust regulators to decide on Google’s Wiz deal by Feb 10
• Neutral Sentiment: Google and Character.AI reached settlements in lawsuits alleging chatbots harmed minors — this cuts litigation uncertainty but keeps reputation and product-safety issues on investors’ radars. Google and Character.AI to Settle Lawsuit Over Teenager’s Death
• Neutral Sentiment: CEO Sundar Pichai sold 32,500 shares (~$10.4M), a disclosed insider sale that slightly reduces his stake but appears routine and not an obvious signal of impaired fundamentals. SEC filing: Insider sale
• Negative Sentiment: Competitor dynamics: Nvidia hired a former Google marketing executive as CMO, underscoring intense competition for AI talent and marketing muscle in the AI infrastructure space — a subtle competitive headwind to watch. Nvidia Hires Google Veteran as Its First Chief Marketing Officer

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the firm’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 transaction, the chief executive officer owned 2,337,119 shares in the company, valued at approximately $662,526,494.12. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 17,829 shares of Alphabet stock in a transaction dated 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 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. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 225,187 shares of company stock valued at $66,695,036. 11.64% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on GOOGL shares. Canaccord Genuity Group set a $390.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a research note on Wednesday. Wells Fargo & Company raised their target price on shares of Alphabet from $236.00 to $268.00 and gave the stock an “equal weight” rating in a report on Thursday, October 30th. Wolfe Research set a $380.00 price target on shares of Alphabet and gave the company an “outperform” rating in a report on Monday. Needham & Company LLC increased their price objective on shares of Alphabet from $260.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, HSBC raised their price objective on shares of Alphabet from $335.00 to $370.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Four 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $322.42.

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.