668,253 Alphabet Inc. $GOOGL Shares Sold by Provident Trust Co.

Provident Trust Co. lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 30.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,531,207 shares of the information services provider’s stock after selling 668,253 shares during the quarter. Alphabet makes up about 16.4% of Provident Trust Co.’s portfolio, making the stock its largest position. Provident Trust Co.’s holdings in Alphabet were worth $526,858,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in GOOGL. Strategic Wealth Advisors LLC lifted its stake in Alphabet by 6.0% in the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider’s stock valued at $137,000 after purchasing an additional 27 shares during the last quarter. Rockbridge Investment Management LCC increased its position in Alphabet by 0.5% in the first quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider’s stock worth $1,570,000 after buying an additional 27 shares during the last quarter. Ruggaard & Associates LLC increased its position in Alphabet by 0.9% in the first quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider’s stock worth $840,000 after buying an additional 27 shares during the last quarter. Cadia Private Client LLC increased its position in Alphabet by 1.1% in the first quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider’s stock worth $744,000 after buying an additional 28 shares during the last quarter. Finally, Evansbrook LLC raised its stake in shares of Alphabet by 0.3% in the first quarter. Evansbrook LLC now owns 9,522 shares of the information services provider’s stock valued at $2,738,000 after buying an additional 28 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

GOOGL stock opened at $288.15 on Tuesday. The firm has a 50 day moving average of $331.76 and a 200-day moving average of $338.77. The company has a current ratio of 2.79, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19. Alphabet Inc. has a 12 month low of $270.70 and a 12 month high of $408.61. The firm has a market capitalization of $3.52 trillion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 0.87 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.90). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The business had revenue of $127.58 billion during the quarter, compared to analysts’ expectations of $127.96 billion. As a group, sell-side analysts predict that Alphabet Inc. will post 19.86 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet’s dividend payout ratio is 4.59%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google introduced two new versions of its eighth-generation Tensor Processing Units, broadening its AI-chip offerings and sharpening its challenge to Nvidia. Investors may see custom chips as a way to support Google Cloud growth and reduce reliance on outside suppliers. Alphabet stock rises as Google expands AI chip lineup to challenge Nvidia
• Neutral Sentiment: JPMorgan removed Alphabet from its Analyst Focus List but maintained an Overweight rating. The firm cited slower AI-search monetization and substantial infrastructure spending, highlighting execution risks without changing its overall positive rating. JPMorgan Just Removed Alphabet From Its Analyst Focus List
• Negative Sentiment: Federal safety regulators opened a new investigation into Waymo after reports that its robotaxis continued to pass stopped school buses despite a prior software fix. The probe could bring regulatory, reputational or operational costs for Alphabet’s autonomous-driving business. Waymo robotaxis kept illegally passing school buses after software fix, feds say
• Negative Sentiment: Several law firms publicized an existing securities class action concerning Alphabet investors who bought shares from May 19 to July 16, 2026. The lawsuit alleges investors were misled about the Gemini 3.5 Pro launch timeline; the lead-plaintiff deadlines are November 30 or December 1. Repeated notices may add legal overhang, though they are not new court findings. Alphabet Deadline Alert: Levi & Korsinsky Reminds Investors of Securities Class Action Deadline

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of the business’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 transaction, the director owned 19,076 shares of the company’s stock, valued at $6,494,424.20. The trade was a 0.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 247 shares of company stock valued at $79,238 in the last quarter. 11.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GOOGL. Needham & Company LLC reiterated a “buy” rating and set a $450.00 price target on shares of Alphabet in a research note on Thursday, October 29th. Pivotal Research restated a “buy” rating and issued a $475.00 price objective (up from $470.00) on shares of Alphabet in a research note on Thursday, July 23rd. JPMorgan Chase & Co. boosted their price objective on Alphabet from $420.00 to $425.00 and gave the company an “overweight” rating in a research note on Thursday, October 15th. Evercore reaffirmed an “outperform” rating and set a $450.00 price objective on shares of Alphabet in a report on Wednesday, September 16th. Finally, Barclays reiterated an “overweight” rating and set a $405.00 target price (down from $425.00) on shares of Alphabet in a research report on Thursday, October 29th. Five analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Alphabet presently has an average rating of “Buy” and an average price target of $412.51.

Alphabet Profile

Alphabet Inc is a technology holding company whose largest business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company reorganized its businesses under the holding-company structure in 2015.

Google’s products and services include Search, YouTube, Android, Chrome, Google Maps, Google Play and Google Cloud. The company also generates revenue from digital advertising and offers devices, subscriptions and artificial intelligence products and services.

Alphabet serves consumers, businesses and organizations around the world.