Mechanics Bank Trust Department Sells 1,712 Shares of Alphabet Inc. $GOOG

Mechanics Bank Trust Department trimmed its position in Alphabet Inc. (NASDAQ:GOOG) by 6.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,770 shares of the information services provider’s stock after selling 1,712 shares during the quarter. Alphabet comprises about 1.2% of Mechanics Bank Trust Department’s investment portfolio, making the stock its 24th biggest position. Mechanics Bank Trust Department’s holdings in Alphabet were worth $8,781,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GOOG. Castlekeep Investment Advisors LLC bought a new stake in Alphabet in the 2nd quarter worth approximately $29,000. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet during the 4th quarter valued at approximately $38,000. Bard Associates Inc. purchased a new position in shares of Alphabet in the fourth quarter valued at $41,000. Timbuktu Capital Management LLC purchased a new position in shares of Alphabet in the second quarter valued at $46,000. Finally, Robinswood Financial LLC bought a new stake in Alphabet in the first quarter worth $57,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the sale, the chief accounting officer owned 27,386 shares of the company’s stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the stock in a transaction 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 SEC filing for this sale provides additional information. 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.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google launched Gemini 4 Argon for developers, businesses and paying users, highlighting capabilities in coding, finance and legal work. The release may reassure investors that Alphabet is keeping pace in the competitive frontier-AI market. Reuters article on Gemini 4 Argon
• Positive Sentiment: An analyst said Alphabet’s internally developed AI chips could create as much as $100 billion in value by 2028, adding to the investment case as investors assess AI infrastructure spending and Google Cloud growth. Benzinga article on Alphabet AI chips
• Positive Sentiment: Alphabet and Unity announced Unity Spark, an AI-powered platform intended to let users create games through natural-language prompts. The initiative could expand Alphabet’s AI ecosystem and reach millions of nontechnical creators. Yahoo Finance article on Unity Spark
• Positive Sentiment: BNP Paribas raised its price target on Alphabet, reflecting continued optimism about cloud expansion, AI monetization and the company’s long-term earnings outlook. TipRanks article on Alphabet price target
• Neutral Sentiment: Google Play now supports private, AI-generated Android applications, while a new Fitbit product and health-related partnerships broaden Alphabet’s consumer ecosystem. These initiatives are strategically positive but are unlikely to materially affect near-term earnings. TechCrunch article on private Google Play apps
• Negative Sentiment: Several law firms publicized a securities-fraud class action against Alphabet concerning alleged misrepresentations about the development schedule and training setbacks for Gemini 3.5 Pro. The lead-plaintiff deadline is generally December 1, 2026. The announcements repeat allegations and do not establish wrongdoing, but they could weigh on sentiment and create potential legal costs. PR Newswire article on Alphabet securities lawsuit

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of Alphabet from $440.00 to $435.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Phillip Securities raised shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating and dropped their price objective for the stock from $450.00 to $425.00 in a research note on Monday, July 27th. Wolfe Research reissued an “outperform” rating on shares of Alphabet in a research note on Thursday, August 27th. Pivotal Research boosted their target price on shares of Alphabet from $470.00 to $475.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, BMO Capital Markets upped their target price on shares of Alphabet from $455.00 to $465.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $421.95.

Alphabet Trading Up 0.2%

Shares of Alphabet stock traded up $0.55 on Tuesday, reaching $349.52. The company had a trading volume of 14,406,512 shares, compared to its average volume of 20,307,688. The firm has a market cap of $4.27 trillion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 1.01 and a beta of 1.19. 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 firm’s 50-day moving average price is $341.98 and its two-hundred day moving average price is $347.94. Alphabet Inc. has a 1 year low of $241.18 and a 1 year high of $404.47.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, beating the consensus estimate of $2.87 by $6.24. The company had revenue of $119.80 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.31 EPS. As a group, research analysts predict that Alphabet Inc. will post 20.54 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Alphabet Profile

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.