Amalgamated Bank Sells 5,470 Shares of Alphabet Inc. $GOOG

Amalgamated Bank lowered its position in Alphabet Inc. (NASDAQ:GOOG) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 992,936 shares of the information services provider’s stock after selling 5,470 shares during the quarter. Alphabet makes up about 1.7% of Amalgamated Bank’s investment portfolio, making the stock its 9th largest holding. Amalgamated Bank’s holdings in Alphabet were worth $241,830,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Oak Ridge Investments LLC lifted its stake in Alphabet by 1.8% in the 3rd quarter. Oak Ridge Investments LLC now owns 241,049 shares of the information services provider’s stock valued at $58,707,000 after purchasing an additional 4,280 shares during the last quarter. Tred Avon Family Wealth LLC acquired a new stake in shares of Alphabet in the third quarter valued at approximately $4,119,000. FAS Wealth Partners Inc. boosted its stake in shares of Alphabet by 1.6% during the 3rd quarter. FAS Wealth Partners Inc. now owns 52,379 shares of the information services provider’s stock worth $12,757,000 after acquiring an additional 817 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Alphabet by 1.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 414,605 shares of the information services provider’s stock worth $100,977,000 after acquiring an additional 6,994 shares during the last quarter. Finally, Stenger Family Office LLC raised its stake in Alphabet by 38.2% in the 3rd quarter. Stenger Family Office LLC now owns 16,942 shares of the information services provider’s stock valued at $4,573,000 after acquiring an additional 4,681 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Major analyst upgrade and higher price targets highlight AI-driven upside — Raymond James raised GOOG to “Strong Buy” and boosted its price target (street chatter also shows multiple firms lifting targets), supporting investor confidence in Alphabet’s AI strategy and Google Cloud momentum. Article Title
• Positive Sentiment: Big investors adding shares — Baillie Gifford disclosed adding ~1.19M GOOGL shares in the latest 13F filing, a sign of continued institutional accumulation that can underpin price support. Article Title
• Positive Sentiment: Strong AI ecosystem wins — Apple reportedly will use Google’s Gemini to power the next Siri, expanding Gemini’s distribution and reinforcing Alphabet’s AI moat and monetization pathways. Article Title
• Neutral Sentiment: Analyst and media coverage remains focused on AI and technicals — Several outlets and analysts are publishing bullish previews and technical trading ideas (including MarketBeat, Zacks, TipRanks), which keeps interest high but doesn’t guarantee near-term moves. Article Title
• Neutral Sentiment: Waymo expansion vs. scrutiny — Waymo launched robotaxis in Miami (expansion signal), which can drive future growth for Alphabet’s autonomy segment but also raises operational/legal exposure as deployment scales. Article Title
• Negative Sentiment: NTSB opens probe into Waymo after robotaxis passed stopped school buses — A federal safety investigation into repeated illegal passes in Austin (reported incidents across states) creates regulatory and reputational risk for Waymo and, by extension, Alphabet. That headline is the clearest near-term negative catalyst. Article Title
• Negative Sentiment: Antitrust litigation risk persists — A federal judge allowed a consumer antitrust lawsuit over Google Search to proceed, keeping legal exposure and potential remedies on the radar for investors assessing longer-term regulatory risk. Article Title

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Rosenblatt Securities set a $279.00 price objective on shares of Alphabet in a research report on Thursday, October 30th. Barclays raised their target price on shares of Alphabet from $250.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. upped their price target on shares of Alphabet from $260.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. BNP Paribas Exane began coverage on shares of Alphabet in a report on Monday, November 24th. They issued an “outperform” rating on the stock. Finally, DA Davidson set a $300.00 price objective on Alphabet in a report on Tuesday, November 25th. Eight investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Alphabet presently has an average rating of “Buy” and a consensus target price of $326.13.

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $328.55 on Monday. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $341.20. The company’s 50 day moving average price is $316.33 and its two-hundred day moving average price is $261.38. The firm has a market cap of $3.96 trillion, a PE ratio of 32.40, a PEG ratio of 1.81 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 (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. The company had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.12 earnings per share. Equities research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

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

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $327.30, for a total value of $10,637,250.00. Following the transaction, the chief executive officer owned 2,211,872 shares in the company, valued at approximately $723,945,705.60. This trade represents a 1.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $312.30, for a total value of $867,569.40. Following the completion of the transaction, the chief accounting officer directly owned 8,962 shares of the company’s stock, 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. Insiders sold a total of 225,187 shares of company stock worth $69,365,318 in the last quarter. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Profile

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.