Alphabet Inc. $GOOGL Shares Sold by Perkins Coie Trust Co

Posted by Brenda Bartman on Aug 18th, 2026

Perkins Coie Trust Co reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 6.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 61,078 shares of the information services provider’s stock after selling 4,157 shares during the period. Alphabet makes up 3.6% of Perkins Coie Trust Co’s investment portfolio, making the stock its 8th largest holding. Perkins Coie Trust Co’s holdings in Alphabet were worth $21,827,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GOOGL. Vanguard Group Inc. raised its position in Alphabet by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock worth $165,567,398,000 after acquiring an additional 12,531,695 shares in the last quarter. State Street Corp grew its position in shares of Alphabet by 1.8% in the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock valued at $40,524,841,000 after purchasing an additional 4,008,374 shares during the period. Geode Capital Management LLC raised its stake in Alphabet by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 146,193,037 shares of the information services provider’s stock worth $45,625,595,000 after purchasing an additional 2,666,676 shares during the period. Norges Bank purchased a new stake in Alphabet during the fourth quarter valued at about $30,534,239,000. Finally, Bank of America Corp DE increased its position in shares of Alphabet by 4.9% in the fourth quarter. Bank of America Corp DE now owns 69,108,183 shares of the information services provider’s stock worth $21,630,861,000 after acquiring an additional 3,218,852 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GOOGL. Wedbush reissued an “outperform” rating and issued a $445.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. Susquehanna reiterated a “positive” rating and set a $460.00 target price (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. DA Davidson set a $350.00 price target on shares of Alphabet and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $450.00 price target on shares of Alphabet in a report on Wednesday, June 3rd. Finally, Barclays reaffirmed an “overweight” rating and set a $425.00 price objective (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Buy” and an average target price of $419.86.

Read Our Latest Analysis on Alphabet

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: Several prominent investors increased their Alphabet positions in the second quarter. Berkshire Hathaway raised its stake substantially, while Stanley Druckenmiller, Seth Klarman, David Tepper, Dan Loeb, and others also bought shares—potentially reinforcing confidence in Alphabet’s valuation and long-term outlook. Berkshire Hathaway Alphabet stake article
Positive Sentiment: Google’s Gemini reportedly reached 1 billion active users, supporting the case that Alphabet can build a large consumer AI business alongside its core search franchise. Alphabet’s valuation—about 17 times trailing earnings in the cited analysis—may also appear reasonable relative to its growth prospects. Gemini active users article
Positive Sentiment: Alphabet is buying anonymized Spirit Airlines business data for $10 million to support product development and AI-model training. The relatively small deal highlights efforts to obtain proprietary data without acquiring customer records. Google Spirit Airlines data acquisition article
Positive Sentiment: Google Cloud’s accelerating growth and reported $514 billion backlog remain major bullish arguments, indicating sustained enterprise demand for Alphabet’s AI infrastructure and cloud services. Alphabet Google Cloud growth article
Neutral Sentiment: Alphabet reportedly hired banks for a debut Australian-dollar bond offering. The financing could diversify its funding base, although investors may focus on whether additional borrowing is needed to fund AI investment. Alphabet Australian dollar bond article
Neutral Sentiment: AI automation startup Relay is shutting down, with some employees joining Google’s Chrome team. The talent acquisition could strengthen Chrome’s AI capabilities, but it is not expected to materially affect near-term earnings. Relay shutdown and Google hiring article
Negative Sentiment: Alphabet’s planned 2026 capital spending of more than $200 billion is pressuring free cash flow. Commentary about an AI “debt ledger” and potential bond issuance adds to concerns that the AI buildout could require heavier financing before returns are proven. Alphabet AI capital spending article
Negative Sentiment: Some investors said they are less bullish on Alphabet than two years ago, citing the company’s transformation and increased execution risks. Viking Global also reduced or exited its Alphabet position, offsetting the more widely reported institutional buying. Investor concerns about Alphabet article

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 8,998 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the transaction, the insider directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Frances Arnold sold 82 shares of Alphabet stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $333.39, for a total transaction of $27,337.98. Following the completion of the transaction, the director owned 18,914 shares in the company, valued at $6,305,738.46. This trade represents a 0.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 451,945 shares of company stock valued at $12,382,714. Company insiders own 11.61% of the company’s stock.

Alphabet Stock Down 0.5%

GOOGL opened at $344.00 on Tuesday. The stock’s 50 day moving average price is $353.27 and its 200 day moving average price is $341.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The stock has a market cap of $4.21 trillion, a P/E ratio of 17.28, a P/E/G ratio of 0.97 and a beta of 1.24. Alphabet Inc. has a 12 month low of $196.60 and a 12 month high of $408.61.

Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The company had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. As a group, research analysts predict that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s payout ratio is currently 4.42%.

About Alphabet

(Free Report)

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.