Eastern Bank Sells 40,605 Shares of Alphabet Inc. $GOOGL

Eastern Bank reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 764,235 shares of the information services provider’s stock after selling 40,605 shares during the quarter. Alphabet comprises about 3.3% of Eastern Bank’s portfolio, making the stock its 6th biggest position. Eastern Bank’s holdings in Alphabet were worth $185,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. Financial Gravity Companies Inc. bought a new stake in shares of Alphabet during the second quarter worth $31,000. CarsonAllaria Wealth Management Ltd. boosted its holdings in Alphabet by 36.4% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after acquiring an additional 67 shares during the last quarter. Corsicana & Co. acquired a new stake in Alphabet in the third quarter worth about $54,000. Vermillion & White Wealth Management Group LLC raised its holdings in Alphabet by 37.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock worth $57,000 after purchasing an additional 89 shares during the last quarter. Finally, S&T Bank PA raised its holdings in Alphabet by 40.2% during the 2nd quarter. S&T Bank PA now owns 345 shares of the information services provider’s stock worth $61,000 after purchasing an additional 99 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling

In other news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $283.48, for a total value of $9,213,100.00. Following the sale, the chief executive officer directly owned 2,337,119 shares of the company’s stock, valued at approximately $662,526,494.12. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $312.30, for a total transaction of $867,569.40. Following the completion of the sale, the chief accounting officer owned 8,962 shares in the company, valued at $2,798,832.60. This represents a 23.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 222,409 shares of company stock valued at $68,564,532. Company insiders own 11.55% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the topic of several recent research reports. Cantor Fitzgerald lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. KeyCorp reaffirmed an “overweight” rating and issued a $360.00 price objective (up from $330.00) on shares of Alphabet in a research note on Monday. DA Davidson reiterated a “neutral” rating and set a $300.00 target price on shares of Alphabet in a research report on Tuesday, November 25th. Susquehanna increased their price target on Alphabet from $225.00 to $350.00 and gave the company a “positive” rating in a research note on Thursday, October 30th. Finally, Citizens Jmp raised their price target on Alphabet from $340.00 to $385.00 and gave the stock a “market outperform” rating in a research report on Wednesday, December 31st. Four analysts have rated the stock with a Strong Buy rating, forty-two have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $332.60.

Alphabet Stock Up 1.6%

Shares of NASDAQ:GOOGL opened at $333.26 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $340.49. The business’s 50 day simple moving average is $316.62 and its two-hundred day simple moving average is $261.78. The firm has a market cap of $4.02 trillion, a P/E ratio of 32.87, a PEG ratio of 1.81 and a beta of 1.08.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The company had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. As a group, research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Multiple analyst actions and raised targets have lifted sentiment — RBC reaffirmed its “buy” rating, Needham kept a buy with a $330 target, Raymond James upgraded the stock, and at least one shop lifted its price target to $390, supporting higher valuations. MarketScreener: RBC remains its buy rating Alphabet Price Target Raised to $390
• Positive Sentiment: High-profile portfolio activity (the “Pelosi” filing) signaled continued conviction in large-cap tech/AI exposure via option-based leverage — a bullish sign that large investors are maintaining exposure to Alphabet while optimizing capital. Pelosi’s Bullish 2026 Buy List: AI, Power & Dividends
• Positive Sentiment: Alphabet’s VC arm participated in a $200M funding round for AI video startup Synthesia, reinforcing the company’s continued strategic bets in the AI ecosystem and potential downstream product/partnership benefits for Google Cloud and AI services. Nvidia and Alphabet VC arms back Synthesia
• Neutral Sentiment: Ongoing Magnificent Seven coverage and bullish AI narratives continue to underpin market interest in large-cap AI leaders like Alphabet, but these are thematic tailwinds rather than company-specific catalysts. Seeking Alpha: Alphabet’s Big Rally
• Neutral Sentiment: Macro and calendar risks (Fed decision, major tech earnings this week) are creating market-wide volatility that could affect GOOGL’s near-term moves independent of fundamentals. Nasdaq futures in the red ahead of big week
• Negative Sentiment: Google agreed to a preliminary $68M settlement in a class-action suit alleging its Assistant improperly recorded users — a modest but negative headline that adds legal/PR noise ahead of earnings (judge approval required). Google Agrees to Settle Class Action Lawsuit
• Negative Sentiment: CEO Sundar Pichai sold roughly $10–11M of Alphabet shares recently (reported ahead of the Feb. 4 earnings date). Insider sales can be interpreted as routine diversification but may create short-term concern among some investors. Sundar Pichai Offloads Alphabet Shares

About Alphabet

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.