Alphabet Inc. $GOOGL is Legacy Trust’s 7th Largest Position

Legacy Trust boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 6.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,447 shares of the information services provider’s stock after buying an additional 3,179 shares during the quarter. Alphabet makes up approximately 2.6% of Legacy Trust’s portfolio, making the stock its 7th largest holding. Legacy Trust’s holdings in Alphabet were worth $12,993,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GOOGL. Brighton Jones LLC grew its stake in Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after acquiring an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Alphabet by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after purchasing an additional 506 shares during the last quarter. Narus Financial Partners LLC grew its position in shares of Alphabet by 1.2% in the second quarter. Narus Financial Partners LLC now owns 13,445 shares of the information services provider’s stock valued at $2,369,000 after purchasing an additional 157 shares in the last quarter. Painted Porch Advisors LLC grew its position in shares of Alphabet by 23.2% in the second quarter. Painted Porch Advisors LLC now owns 5,438 shares of the information services provider’s stock valued at $958,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. increased its holdings in shares of Alphabet by 7.6% in the second quarter. Farmers & Merchants Investments Inc. now owns 191,940 shares of the information services provider’s stock valued at $33,826,000 after purchasing an additional 13,589 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $283.48, for a total value of $9,213,100.00. Following the completion of the transaction, the chief executive officer owned 2,337,119 shares in the company, valued at approximately $662,526,494.12. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $312.30, for a total transaction of $867,569.40. Following the sale, the chief accounting officer directly owned 8,962 shares in the company, valued at approximately $2,798,832.60. The trade was a 23.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 189,909 shares of company stock worth $57,927,282 in the last three months. 11.64% of the stock is owned by company insiders.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Multiple analyst price‑target raises have lifted sentiment — Raymond James raised its target to $400, Deutsche Bank to $370, and Wedbush to $360, all signaling higher earnings/AI potential expectations for GOOGL. Alphabet Stock Rises — Raymond James Hikes Price Target to $400
• Positive Sentiment: Waymo expanded its robotaxi service to Miami — operational progress at Waymo highlights Alphabet’s long‑term autonomous‑driving opportunity and potential new revenue channels. Waymo launches robotaxi service in Miami, extending U.S. lead
• Positive Sentiment: Google awarded long‑term power purchase agreements to Clearway Energy for data‑center carbon‑free energy — improves sustainability profile and predictable energy costs for cloud/data infrastructure. Alphabet’s Google Awards PPAs to Clearway Energy to Receive Carbon-Free Energy For Its Data Centers
• Positive Sentiment: Analyst commentary and sector pieces continue to cite Alphabet’s vertical AI integration (Gemini, TPUs, Cloud partnerships) as a durable competitive advantage — supports higher multiples and long‑term growth expectations. Google Stock Is Up 65: What’s Driving This Rally?
• Neutral Sentiment: MarketBeat flagged a modest pullback from record highs and advised patience for new buyers — technical consolidation vs. an outright sell‑off; key support near $300 could matter for timing buys. Alphabet Cools After the Run: Buy Now or Wait for a Better Entry?
• Neutral Sentiment: YouTube leadership is prioritizing management of AI‑generated content — important for user trust and ad ecosystem health, but mainly an operational/PR item rather than near‑term revenue catalyst. YouTube chief says ‘managing AI slop’ is a priority for 2026
• Neutral Sentiment: Market commentary (Jim Cramer) notes rotation away from Magnificent Seven during short‑term sector moves, though he expects rotation back eventually — suggests potential volatility from flow shifts. Jim Cramer says he’s not abandoning the Mag 7 stocks despite recent struggles. Here’s why
• Negative Sentiment: Cantor Fitzgerald downgraded Alphabet from “strong‑buy” to “hold” — a reminder that some sell‑side views are trimming near‑term upside, which can weigh on momentum if followed by others. Cantor Fitzgerald Downgrades Alphabet

Alphabet Stock Up 0.7%

Alphabet stock opened at $330.52 on Friday. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $340.49. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a 50 day moving average price of $314.62 and a 200 day moving average price of $258.45. The company has a market capitalization of $3.99 trillion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08.

Alphabet (NASDAQ:GOOGL) last released its quarterly 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 return on equity of 35.00% and a net margin of 32.23%.The business had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. Research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GOOGL shares. CIBC boosted their price objective on Alphabet to $315.00 in a research note on Monday, October 20th. Oppenheimer boosted their price target on shares of Alphabet from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. New Street Research raised their price objective on shares of Alphabet from $275.00 to $295.00 in a research report on Friday, October 24th. Robert W. Baird lifted their target price on shares of Alphabet from $310.00 to $350.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Piper Sandler reissued an “overweight” rating and issued a $365.00 price target (up previously from $330.00) on shares of Alphabet in a research note on Thursday, December 11th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-two have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $330.94.

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.