Pioneer Trust Bank N A OR Has $22.22 Million Position in Alphabet Inc. $GOOG

Pioneer Trust Bank N A OR lowered its stake in Alphabet Inc. (NASDAQ:GOOG) by 3.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 91,212 shares of the information services provider’s stock after selling 2,985 shares during the period. Alphabet makes up 5.2% of Pioneer Trust Bank N A OR’s portfolio, making the stock its 5th largest holding. Pioneer Trust Bank N A OR’s holdings in Alphabet were worth $22,215,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of GOOG. IFS Advisors LLC increased its stake in shares of Alphabet by 400.0% during the second quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock worth $27,000 after purchasing an additional 120 shares during the period. Robbins Farley grew its holdings in Alphabet by 60.0% in the 2nd quarter. Robbins Farley now owns 160 shares of the information services provider’s stock valued at $28,000 after buying an additional 60 shares in the last quarter. WestEnd Advisors LLC increased its position in Alphabet by 58.7% during the 2nd quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock worth $29,000 after buying an additional 61 shares during the period. Fairman Group LLC lifted its holdings in shares of Alphabet by 121.3% during the second quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock worth $31,000 after buying an additional 97 shares in the last quarter. Finally, University of Illinois Foundation bought a new stake in shares of Alphabet in the second quarter valued at about $31,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Major commercial validation — Apple has agreed to use Google’s Gemini as the foundation for the next generation of Siri, and MarketBeat highlights this as a primary catalyst behind Alphabet surpassing a $4 trillion market cap; analysts estimate meaningful licensing revenue and distribution upside. Alphabet Tops $4 Trillion Valuation as AI Momentum Runs Hot
• Positive Sentiment: Product progress — Google launched a Personal Intelligence feature and continues to integrate Gemini with other Google apps (and partners), moving Gemini toward a personalized assistant that can be monetized across search, cloud and device ecosystems. Google launches Personal Intelligence feature in Gemini app
• Positive Sentiment: Analyst/market momentum — Upgrades, bullish commentary (including high-profile bulls and Jim Cramer praise) and inclusion in “AI favorite” narratives are supporting sentiment and fund flows into GOOGL. Jim Cramer crowns Alphabet’s Gemini 3 a stock market home run
• Neutral Sentiment: Sector tailwinds — Industry forecasts project massive AI spending this year, which benefits hyperscalers like Alphabet but also raises capital/competitive intensity across cloud and GPU suppliers. This is broadly supportive but not uniquely bullish for GOOGL. AI Spending Forecast to Hit $2.53 Trillion This Year
• Negative Sentiment: Legal/regulatory risk — Major publishers have asked to join a class-action suit alleging Google used copyrighted material to train AI models; litigation or unfavorable rulings could increase compliance costs or constrain training data use. Publishers seek to join lawsuit against Google over AI training
• Negative Sentiment: Competition & geopolitical pressure — DeepMind’s CEO says Chinese models may be “months” behind but closing the gap; faster foreign advancements increase competitive pressure on margins and innovation lead. China just ‘months’ behind U.S. AI models, Google DeepMind CEO says
• Negative Sentiment: Operational headwinds — Google warns U.S. electrical transmission constraints are slowing data-center hookups; longer build timelines could limit near-term capacity expansion for cloud/AI workloads. Google says US transmission system is biggest challenge for connecting data centers

Alphabet Price Performance

Shares of GOOG stock opened at $333.16 on Friday. The business has a fifty day simple moving average of $311.03 and a 200 day simple moving average of $253.96. The company has a market cap of $4.02 trillion, a P/E ratio of 32.86, a P/E/G ratio of 1.86 and a beta of 1.09. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $341.20.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, October 30th. 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 firm had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. During the same quarter in the previous year, the firm earned $2.12 earnings per share. The business’s quarterly revenue was up 15.9% on a year-over-year basis. On average, sell-side analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Insider Activity

In other news, Director Frances Arnold sold 102 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $313.45, for a total transaction of $31,971.90. Following the completion of the transaction, the director directly owned 18,205 shares in the company, valued at approximately $5,706,357.25. This represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $312.30, for a total value 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. This trade represents a 23.66% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 192,687 shares of company stock valued at $58,728,068. 12.99% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on GOOG. Guggenheim reaffirmed a “buy” rating and set a $375.00 price target on shares of Alphabet in a research report on Monday, December 1st. Scotiabank reaffirmed an “outperform” rating and set a $375.00 target price (up from $336.00) on shares of Alphabet in a report on Friday, January 9th. Sanford C. Bernstein boosted their price target on Alphabet from $260.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. DA Davidson set a $300.00 price target on Alphabet in a research report on Tuesday, November 25th. Finally, Mizuho set a $325.00 price objective on Alphabet in a research note on Thursday, October 30th. Seven analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Buy” and a consensus price target of $320.31.

About Alphabet

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.