Alphabet Inc. $GOOGL Shares Sold by Bangor Savings Bank

Bangor Savings Bank lessened its position in Alphabet Inc. (NASDAQ:GOOGL) by 20.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,362 shares of the information services provider’s stock after selling 5,107 shares during the period. Alphabet makes up about 0.5% of Bangor Savings Bank’s investment portfolio, making the stock its 24th biggest holding. Bangor Savings Bank’s holdings in Alphabet were worth $7,006,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. PFG Investments LLC boosted its holdings in shares of Alphabet by 2.6% in the 1st quarter. PFG Investments LLC now owns 89,299 shares of the information services provider’s stock valued at $25,679,000 after acquiring an additional 2,269 shares during the last quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust purchased a new position in shares of Alphabet during the fourth quarter worth $28,902,000. Elefante Mark B raised its holdings in shares of Alphabet by 4.5% during the second quarter. Elefante Mark B now owns 43,733 shares of the information services provider’s stock worth $15,629,000 after purchasing an additional 1,897 shares during the last quarter. Nwam LLC lifted its position in Alphabet by 19.6% during the first quarter. Nwam LLC now owns 49,128 shares of the information services provider’s stock valued at $14,127,000 after purchasing an additional 8,055 shares during the period. Finally, WCM Investment Management LLC lifted its position in Alphabet by 287.4% during the first quarter. WCM Investment Management LLC now owns 3,886 shares of the information services provider’s stock valued at $1,063,000 after purchasing an additional 2,883 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of NASDAQ:GOOGL traded up $1.21 during trading on Tuesday, reaching $347.68. 18,384,772 shares of the company’s stock traded hands, compared to its average volume of 30,859,324. 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 Inc. has a fifty-two week low of $235.84 and a fifty-two week high of $408.61. The company has a 50-day simple moving average of $345.14 and a 200-day simple moving average of $348.25. The firm has a market cap of $4.25 trillion, a PE ratio of 17.46, a P/E/G ratio of 0.99 and a beta of 1.21.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $6.22. The company had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. As a group, analysts predict that Alphabet Inc. will post 20.55 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s payout ratio is 4.42%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GOOGL shares. Wells Fargo & Company reaffirmed an “overweight” rating and set a $417.00 price target (up from $411.00) on shares of Alphabet in a research report on Tuesday. DA Davidson set a $350.00 price objective on Alphabet and gave the company a “neutral” rating in a report on Thursday, July 23rd. BMO Capital Markets set a $465.00 target price on Alphabet and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Truist Financial set a $420.00 target price on Alphabet and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, Pivotal Research reaffirmed a “buy” rating and set a $475.00 target price (up from $470.00) on shares of Alphabet in a report on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $425.72.

Insider Activity

In other news, Director Frances Arnold sold 83 shares of the company’s stock in a transaction that occurred on 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 transaction, the director directly owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This represents a 0.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The disclosure for this sale is available in the SEC filing. Insiders sold 441,399 shares of company stock worth $8,677,053 over the last three months. 11.61% of the stock is currently owned by corporate insiders.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google signed long-term agreements with Constellation Energy for approximately 3,590 megawatts of nuclear power, including 890 megawatts of additional capacity and 2,700 megawatts from existing plants. The 20-year and 15-year contracts should help secure reliable electricity for Alphabet’s expanding AI data centers, reducing power-supply risk. The deal also underscores the scale and durability of AI infrastructure demand. Google and Constellation Energy Strike 3.59-GW Power Deal
• Positive Sentiment: Recent coverage remains constructive on Alphabet’s fundamentals. Google Search revenue reportedly grew 17% in the second quarter while the company added AI-generated answers, and Google Cloud revenue growth of 82% is reinforcing the view that Alphabet can monetize AI through advertising, cloud services and subscriptions. Analysts also point to Alphabet’s valuation and history of exceeding earnings expectations as potential support for the shares. Why Investors Like Alphabet Despite AI Search Threats
• Neutral Sentiment: Alphabet was included in a new actively managed ETF offering exposure to private AI companies OpenAI and Anthropic, alongside Alphabet, Meta, NVIDIA and SpaceX. The inclusion highlights Alphabet’s status as a major AI platform, but it does not directly affect the company’s earnings or cash flow. MN ETF Seeks Exposure to OpenAI and Anthropic
• Negative Sentiment: Multiple law firms are promoting a securities class action covering investors who purchased Alphabet shares between May 19 and July 16, 2026. The allegations reportedly involve disclosures about the development and timing of the Gemini 3.5 Pro model. Separate legal risks include a U.K. consumer claim over Play Store fees and a potential $3.2 billion ad-tech damages case. While the lawsuits’ financial impact remains uncertain, they add regulatory, reputational and litigation overhang. Alphabet Securities Class Action Notice

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.