Alphabet Inc. $GOOG Shares Bought by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. lifted its holdings in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 17.4% in the third quarter, HoldingsChannel reports. The firm owned 228,153 shares of the information services provider’s stock after purchasing an additional 33,750 shares during the quarter. Alphabet accounts for 1.1% of First Citizens Bank & Trust Co.’s portfolio, making the stock its 18th largest position. First Citizens Bank & Trust Co.’s holdings in Alphabet were worth $77,741,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Providence Wealth Advisors LLC lifted its position in Alphabet by 0.3% during the first quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider’s stock valued at $3,094,000 after purchasing an additional 29 shares during the last quarter. One Charles Private Wealth Services LLC increased its holdings in shares of Alphabet by 0.6% in the 1st quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider’s stock worth $1,390,000 after buying an additional 29 shares during the last quarter. Wisconsin Wealth Advisors LLC raised its position in shares of Alphabet by 1.3% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider’s stock valued at $785,000 after buying an additional 29 shares in the last quarter. Cypress Financial Planning LLC raised its position in shares of Alphabet by 1.3% during the 3rd quarter. Cypress Financial Planning LLC now owns 2,198 shares of the information services provider’s stock valued at $749,000 after buying an additional 29 shares in the last quarter. Finally, Financial Enhancement Group LLC raised its position in shares of Alphabet by 2.3% during the 1st quarter. Financial Enhancement Group LLC now owns 1,323 shares of the information services provider’s stock valued at $380,000 after buying an additional 30 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Get Alphabet alerts:

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Gemini 4 Argon launch strengthens Alphabet’s AI narrative. Google released its flagship model to developers, businesses and paying users, highlighting coding and finance and legal knowledge-work capabilities. The launch may help Alphabet defend its position against Microsoft, OpenAI and other AI competitors. Google launches flagship AI model Gemini 4 Argon
• Positive Sentiment: Google is expanding AI distribution and potential revenue channels. Google Play now supports private apps created with Google AI Studio, while Alphabet and Unity plan to launch Unity Spark, an AI-assisted game-development platform. Google DeepMind and Google Cloud will also provide European researchers access to frontier models, potentially supporting adoption and ecosystem growth. Google Play now supports private apps
• Positive Sentiment: Analyst expectations remain constructive. Coverage points to accelerating Google Cloud demand and a potentially significant opportunity to monetize Alphabet’s internally developed AI chips. One analyst said the chip business could unlock as much as $100 billion by 2028, while BNP Paribas raised its price target. Alphabet could unlock $100 billion from AI chips
• Neutral Sentiment: Revenue trends provide a favorable but largely confirmatory backdrop. Alphabet has generated more revenue than Meta in each of the past eight quarters, with both companies showing steady growth and seasonal fourth-quarter strength. However, investors remain focused on whether AI investment converts into sustainable profits.
• Negative Sentiment: Multiple law firms are promoting a securities-fraud class action against Alphabet. The lawsuit alleges that Alphabet misrepresented progress on the Gemini 3.5 Pro model, including training setbacks and delays. Although the announcements largely repeat existing claims, they could increase headline and litigation risk; the lead-plaintiff deadline is generally cited as December 1, 2026. Alphabet securities-fraud class action
• Negative Sentiment: AI spending and intensifying competition remain concerns. Alphabet is committing heavily to data centers and AI infrastructure, raising questions about near-term free-cash-flow pressure. Apple is also moving deeper into smart-home AI, while Microsoft is challenging Nvidia and other suppliers with its own chips, increasing competitive pressure across Alphabet’s strategic markets. Apple HomeView challenges Google

Insider Buying and Selling at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frances Arnold sold 83 shares of the firm’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 transaction of $28,257.35. Following the completion of the sale, the director owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 441,399 shares of company stock worth $8,677,053 over the last quarter. Insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GOOG. Jefferies Financial Group reiterated a “buy” rating on shares of Alphabet in a report on Monday, August 3rd. Wedbush began coverage on shares of Alphabet in a research note on Thursday, July 16th. They set an “outperform” rating and a $445.00 price objective for the company. Moffett Nathanson cut their price objective on shares of Alphabet from $380.00 to $370.00 and set a “buy” rating on the stock in a research report on Wednesday, September 16th. Stifel Nicolaus set a $485.00 price target on shares of Alphabet in a research note on Thursday, October 8th. Finally, TD Cowen restated a “buy” rating and set a $485.00 target price (up from $475.00) on shares of Alphabet in a research report on Thursday, October 8th. Six analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $421.95.

Read Our Latest Report on GOOG

Alphabet Stock Performance

Alphabet stock opened at $349.52 on Wednesday. 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 PE ratio of 17.56, a P/E/G ratio of 1.01 and a beta of 1.19. The company has a 50 day moving average price of $341.98 and a 200-day moving average price of $347.94. Alphabet Inc. has a fifty-two week low of $241.18 and a fifty-two week high of $404.47.

Alphabet (NASDAQ:GOOG – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.87 by $6.24. The company had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Alphabet’s quarterly revenue was up 24.2% on a year-over-year basis. During the same period last year, the business posted $2.31 EPS. As a group, equities analysts forecast that Alphabet Inc. will post 20.54 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is presently 4.42%.

About Alphabet

(Free Report)

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.

Featured Stories

• Five stocks we like better than Alphabet
• A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
• Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
• Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway
• Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG – Free Report).

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.