Alphabet Inc. $GOOGL Shares Sold by Tompkins Financial Corp

Tompkins Financial Corp lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.1% in the third quarter, Holdings Channel reports. The firm owned 65,739 shares of the information services provider’s stock after selling 2,133 shares during the quarter. Alphabet accounts for 1.6% of Tompkins Financial Corp’s investment portfolio, making the stock its 18th biggest holding. Tompkins Financial Corp’s holdings in Alphabet were worth $22,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp grew its position in Alphabet by 5.6% in the 2nd quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock valued at $85,403,303,000 after buying an additional 12,718,127 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Alphabet by 0.5% in the 4th quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider’s stock worth $14,208,470,000 after acquiring an additional 208,362 shares during the period. Fisher Asset Management LLC increased its stake in shares of Alphabet by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 38,106,033 shares of the information services provider’s stock worth $11,927,189,000 after acquiring an additional 583,078 shares during the period. Amundi raised its holdings in Alphabet by 4.6% during the second quarter. Amundi now owns 33,203,350 shares of the information services provider’s stock worth $11,865,809,000 after purchasing an additional 1,457,371 shares in the last quarter. Finally, Nuveen LLC lifted its position in Alphabet by 1.7% in the fourth quarter. Nuveen LLC now owns 29,166,806 shares of the information services provider’s stock valued at $9,129,210,000 after purchasing an additional 478,848 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research note on Friday, July 17th. Pivotal Research reaffirmed a “buy” rating and set a $475.00 price objective (up from $470.00) on shares of Alphabet in a report on Thursday, July 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $425.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. Wall Street Zen cut shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, BMO Capital Markets set a $465.00 price target on shares of Alphabet and gave the company an “outperform” rating in a report on Thursday, July 23rd. Five analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $425.60.

Insider Transactions at Alphabet

In related news, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. The trade was a 1.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frances Arnold sold 83 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the sale, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 441,399 shares of company stock valued at $8,677,053 in the last ninety days. Corporate insiders own 11.61% of the company’s stock.

Alphabet Price Performance

Shares of Alphabet stock traded up $2.72 on Monday, hitting $346.22. The company’s stock had a trading volume of 8,406,198 shares, compared to its average volume of 30,833,164. The company has a market capitalization of $4.23 trillion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21. Alphabet Inc. has a 52-week low of $235.84 and a 52-week high of $408.61. The firm has a fifty day moving average price of $344.74 and a 200-day moving average price of $348.00. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating the consensus estimate of $2.89 by $6.22. The firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, equities research analysts expect that Alphabet Inc. will post 20.55 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were given a $0.22 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is currently 4.42%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s strong earnings-surprise history and favorable analyst estimate trends suggest the company may outperform consensus again in its next quarterly report, supporting the shares. Will Alphabet Beat Estimates Again
• Positive Sentiment: Coverage highlights accelerating Google Cloud revenue, a large backlog and multiple AI monetization channels spanning advertising, cloud contracts and subscriptions. A reported launch of Gemini 4 Argon, aimed at complex enterprise tasks, could strengthen Alphabet’s competitive position if adoption follows. AI Boom Could Make Alphabet a Bigger Business Google Unveils Gemini 4 Argon
• Positive Sentiment: Alphabet’s investment in Anthropic could benefit if a future Anthropic public offering provides a higher valuation or additional capital for computing infrastructure, potentially creating value for Alphabet and other technology suppliers. Winners From an Anthropic IPO
• Neutral Sentiment: Google executives are scheduled to testify at a New York City Council hearing on AI risks. The event may increase regulatory scrutiny, although no immediate financial impact was announced. AI Risks Hearing
• Negative Sentiment: Several law firms announced a securities class action concerning purchases made between May 19 and July 16, 2026. The allegations include misleading disclosures about Gemini 3.5 Pro’s training performance and potential launch delays. The notices are largely investor-solicitation announcements, but the litigation adds reputational and legal risk. Alphabet Securities Class Action
• Negative Sentiment: Alphabet faces a proposed £1 billion UK consumer claim alleging that Google Play Store commissions of up to 30% violate competition law, adding to regulatory uncertainty around its app-store practices. Google Play Store UK Legal Claim
• Negative Sentiment: Recent analysis emphasizes that Alphabet’s quarterly capital expenditures more than doubled year over year, pressuring free cash flow and raising concerns that AI spending could weigh on shareholder returns before the investment generates sufficient profits. Alphabet Negative Free Cash Flow

Alphabet Company Profile

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.