1,712 Alphabet Inc. $GOOG Shares Sold by Mechanics Bank Trust Department

Mechanics Bank Trust Department decreased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 6.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,770 shares of the information services provider’s stock after selling 1,712 shares during the period. Alphabet comprises approximately 1.2% of Mechanics Bank Trust Department’s holdings, making the stock its 24th largest holding. Mechanics Bank Trust Department’s holdings in Alphabet were worth $8,781,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Contravisory Investment Management Inc. grew its stake in Alphabet by 1.3% in the third quarter. Contravisory Investment Management Inc. now owns 38,615 shares of the information services provider’s stock worth $13,158,000 after purchasing an additional 511 shares in the last quarter. Catalyst Private Wealth LLC increased its holdings in Alphabet by 30.3% during the 3rd quarter. Catalyst Private Wealth LLC now owns 6,870 shares of the information services provider’s stock worth $2,341,000 after purchasing an additional 1,598 shares during the period. Financial Planning Hawaii Inc. increased its holdings in Alphabet by 1.8% during the 3rd quarter. Financial Planning Hawaii Inc. now owns 11,400 shares of the information services provider’s stock worth $3,884,000 after purchasing an additional 200 shares during the period. Financial Futures Ltd Liability Co. raised its position in Alphabet by 62.9% during the 3rd quarter. Financial Futures Ltd Liability Co. now owns 12,532 shares of the information services provider’s stock valued at $4,270,000 after purchasing an additional 4,839 shares in the last quarter. Finally, First County Bank CT raised its position in Alphabet by 26.7% during the 3rd quarter. First County Bank CT now owns 4,987 shares of the information services provider’s stock valued at $1,699,000 after purchasing an additional 1,050 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on GOOG shares. DZ Bank upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Citigroup restated a “market outperform” rating on shares of Alphabet in a research note on Friday. Tigress Financial lifted their price objective on Alphabet from $415.00 to $485.00 and gave the company a “strong-buy” rating in a report on Friday, September 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $420.00 price objective (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Wedbush initiated coverage on shares of Alphabet in a research note on Thursday, July 16th. They issued an “outperform” rating and a $445.00 price objective for the company. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $421.95.

Insiders Place Their Bets

In other news, Director Frances Arnold sold 83 shares of the company’s stock in a transaction 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 transaction, the director directly owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. This represents a 0.43% 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 Marsida Saraci sold 449 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 441,399 shares of company stock valued at $8,677,053. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Up 0.2%

NASDAQ:GOOG traded up $0.55 during trading hours on Tuesday, reaching $349.52. The company’s stock had a trading volume of 14,406,512 shares, compared to its average volume of 20,307,688. The stock has a 50 day moving average price of $341.98 and a two-hundred day moving average price of $347.94. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The company has a market capitalization of $4.27 trillion, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 1.01 and a beta of 1.19. Alphabet Inc. has a 12 month low of $241.18 and a 12 month high of $404.47.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $6.24. The business had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The business’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.31 EPS. Equities analysts predict that Alphabet Inc. will post 20.54 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company 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 of this dividend 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 presently 4.42%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google launched Gemini 4 Argon for developers, businesses and paying users, highlighting capabilities in coding, finance and legal work. The release may reassure investors that Alphabet is keeping pace in the competitive frontier-AI market. Reuters article on Gemini 4 Argon
• Positive Sentiment: An analyst said Alphabet’s internally developed AI chips could create as much as $100 billion in value by 2028, adding to the investment case as investors assess AI infrastructure spending and Google Cloud growth. Benzinga article on Alphabet AI chips
• Positive Sentiment: Alphabet and Unity announced Unity Spark, an AI-powered platform intended to let users create games through natural-language prompts. The initiative could expand Alphabet’s AI ecosystem and reach millions of nontechnical creators. Yahoo Finance article on Unity Spark
• Positive Sentiment: BNP Paribas raised its price target on Alphabet, reflecting continued optimism about cloud expansion, AI monetization and the company’s long-term earnings outlook. TipRanks article on Alphabet price target
• Neutral Sentiment: Google Play now supports private, AI-generated Android applications, while a new Fitbit product and health-related partnerships broaden Alphabet’s consumer ecosystem. These initiatives are strategically positive but are unlikely to materially affect near-term earnings. TechCrunch article on private Google Play apps
• Negative Sentiment: Several law firms publicized a securities-fraud class action against Alphabet concerning alleged misrepresentations about the development schedule and training setbacks for Gemini 3.5 Pro. The lead-plaintiff deadline is generally December 1, 2026. The announcements repeat allegations and do not establish wrongdoing, but they could weigh on sentiment and create potential legal costs. PR Newswire article on Alphabet securities lawsuit

Alphabet Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet’s chief executive officer and also leads Google.

Google is Alphabet’s primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.