OLD National Bancorp IN Raises Holdings in Alphabet Inc. $GOOG

OLD National Bancorp IN lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 54,756 shares of the information services provider’s stock after acquiring an additional 1,706 shares during the quarter. OLD National Bancorp IN’s holdings in Alphabet were worth $13,336,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. RDA Financial Network increased its holdings in Alphabet by 5.3% during the second quarter. RDA Financial Network now owns 11,094 shares of the information services provider’s stock valued at $1,968,000 after buying an additional 554 shares during the period. Bleakley Financial Group LLC boosted its position in Alphabet by 1.4% during the 2nd quarter. Bleakley Financial Group LLC now owns 170,020 shares of the information services provider’s stock valued at $30,160,000 after acquiring an additional 2,304 shares in the last quarter. American National Bank of Texas purchased a new position in shares of Alphabet in the 3rd quarter valued at $900,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Alphabet by 3.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,164,341 shares of the information services provider’s stock worth $206,542,000 after acquiring an additional 42,028 shares in the last quarter. Finally, Oldfather Financial Services LLC purchased a new stake in shares of Alphabet during the 2nd quarter worth $213,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: BMO and other analysts are increasingly bullish on Google Cloud’s AI monetization and enterprise traction — BMO raised its outlook and sees expanding AI/cloud commitments supporting revenue and margin upside. BMO Sees Alphabet Benefiting From Expanding AI Cloud Commitments
• Positive Sentiment: Alphabet agreed to buy Intersect (reported ~$4.5–4.75B) to speed U.S. data‑center and power capacity — a strategic move to secure the compute/power footprint needed for AI and Google Cloud growth. Alphabet stock climbs after Intersect buy
• Positive Sentiment: Analyst sentiment and institutional conviction remain strong — price targets have been pushed higher and MarketBeat/others note sizable institutional inflows and a favorable technical setup after 2025 gains. Alphabet’s pullback after a big year
• Neutral Sentiment: Google-backed startups continue to IPO (Motive filed for an IPO), showing Alphabet’s ecosystem activity but with limited direct near-term impact on GOOG’s core financials. Google-backed Motive Files for an IPO
• Neutral Sentiment: Waymo is rolling out fleetwide software updates and improved emergency protocols after outages and navigation issues — corrective, but timing and cost of fixes are uncertain. Waymo to update software across fleet
• Negative Sentiment: Operational headaches at Waymo (service pauses during San Francisco flash‑flood warnings and earlier blackouts) have drawn negative headlines and could weigh on sentiment around Alphabet’s autonomous‑vehicle unit. Waymo pauses robotaxis in SF due to flash flood warnings
• Negative Sentiment: Positioning and sentiment risks: short interest rose noticeably in mid‑December (reported ~34.8% month-over-month increase as of Dec. 15) and public data show substantial insider selling activity — both can amplify near‑term volatility. QuiverQuant summary of insider trades and AI discussion

Wall Street Analyst Weigh In

GOOG has been the topic of several analyst reports. Hsbc Global Res upgraded Alphabet to a “strong-buy” rating in a research note on Tuesday, October 7th. Truist Financial set a $350.00 price objective on shares of Alphabet in a research report on Friday, December 5th. Bank of America increased their target price on shares of Alphabet from $280.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Scotiabank set a $336.00 price target on shares of Alphabet and gave the stock a “sector outperform” rating in a report on Thursday, October 30th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Alphabet in a research report on Thursday, October 30th. Seven investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $313.04.

Insider Transactions at Alphabet

In other Alphabet news, insider John Kent Walker sold 17,816 shares of Alphabet stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the completion of the sale, the insider directly owned 42,985 shares in the company, valued at approximately $10,635,348.70. The trade was a 29.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $250.15, for a total transaction of $8,129,875.00. Following the completion of the sale, the chief executive officer directly owned 2,369,619 shares in the company, valued at $592,760,192.85. This trade represents a 1.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 228,906 shares of company stock worth $63,984,117 over the last three months. 12.99% of the stock is currently owned by insiders.

Alphabet Trading Down 0.1%

Shares of Alphabet stock opened at $315.47 on Friday. The firm’s 50 day simple moving average is $295.10 and its two-hundred day simple moving average is $238.56. The firm has a market capitalization of $3.81 trillion, a price-to-earnings ratio of 31.11, a PEG ratio of 1.82 and a beta of 1.07. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $328.67. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data 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. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The firm had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. During the same period in the previous year, the company earned $2.12 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. Analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is currently 8.28%.

Alphabet Company 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.