Independence Bank of Kentucky Has $21.68 Million Holdings in Alphabet Inc. $GOOGL

Independence Bank of Kentucky cut its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,164 shares of the information services provider’s stock after selling 2,412 shares during the quarter. Alphabet makes up about 2.8% of Independence Bank of Kentucky’s investment portfolio, making the stock its 6th largest position. Independence Bank of Kentucky’s holdings in Alphabet were worth $21,676,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Financial Gravity Companies Inc. purchased a new position in Alphabet during the second quarter valued at approximately $31,000. CarsonAllaria Wealth Management Ltd. boosted its position in Alphabet by 36.4% during the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after acquiring an additional 67 shares in the last quarter. Vermillion & White Wealth Management Group LLC increased its holdings in shares of Alphabet by 37.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock valued at $57,000 after acquiring an additional 89 shares during the period. S&T Bank PA raised its position in shares of Alphabet by 40.2% in the 2nd quarter. S&T Bank PA now owns 345 shares of the information services provider’s stock worth $61,000 after acquiring an additional 99 shares in the last quarter. Finally, Christopher J. Hasenberg Inc raised its position in shares of Alphabet by 77.6% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 348 shares of the information services provider’s stock worth $61,000 after acquiring an additional 152 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 1.5%

Shares of Alphabet stock opened at $314.35 on Wednesday. The firm’s 50 day simple moving average is $291.88 and its two-hundred day simple moving average is $236.72. The firm has a market capitalization of $3.79 trillion, a price-to-earnings ratio of 31.00, a PEG ratio of 1.78 and a beta of 1.07. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $328.83. 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:GOOGL) last announced its quarterly earnings data on Wednesday, October 29th. 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. Analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

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

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet agreed to buy Intersect for $4.75 billion (cash + assumed debt) to secure data‑center projects and clean energy capacity — a strategic move to bypass grid bottlenecks and accelerate AI compute build‑out, which supports Google Cloud and AI growth expectations. Alphabet agrees to buy Intersect for $4.75bn
• Positive Sentiment: Coverage and sentiment pieces frame Alphabet’s recent pullback as consolidation within a multi‑year uptrend—citing strong revenue, Google Cloud momentum, large institutional inflows, and continued analyst bullishness — reinforcing the buy thesis for many investors. Alphabet’s Pullback After a Big Year—Is This the Dip to Buy?
• Neutral Sentiment: Motive, a fleet‑management company backed by Alphabet’s GV, filed for an IPO — a reminder Alphabet’s venture arm continues to monetize ecosystem gains, but the direct impact on GOOG is limited. Motive files for IPO
• Neutral Sentiment: Multiple commentary pieces compare Alphabet to Nvidia as AI leaders; these narratives help sentiment and valuation multiples but also set high growth expectations that investors will watch into 2026. Nvidia vs Alphabet analysis
• Negative Sentiment: A New York Times reporter sued Google (and others) alleging copyrighted works were used to train chatbots — potential legal and settlement risk that could increase compliance costs and regulatory scrutiny around AI training data. NYT reporter sues Google over chatbot training
• Negative Sentiment: California regulators are reviewing an incident in which Waymo vehicles stalled during a San Francisco power outage — a potential regulatory and reputational headwind for Alphabet’s AV unit. Waymo review after power outage

Insider Activity

In other news, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total value of $694,638.90. Following the completion of the transaction, the chief accounting officer directly owned 14,516 shares in the company, valued at $3,629,725.80. This trade represents a 16.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Kent Walker sold 17,816 shares of Alphabet stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $247.42, for a total value of $4,408,034.72. Following the sale, the insider directly owned 42,985 shares of the company’s stock, valued at $10,635,348.70. This trade represents a 29.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 226,128 shares of company stock valued at $63,183,331. Company insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the topic of several analyst reports. Canaccord Genuity Group lifted their target price on Alphabet from $270.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Morgan Stanley lifted their price objective on shares of Alphabet from $270.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. JMP Securities reiterated a “market outperform” rating and set a $290.00 price objective on shares of Alphabet in a research note on Wednesday, October 22nd. Citic Securities raised their target price on shares of Alphabet from $230.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, Oppenheimer upped their price target on Alphabet from $270.00 to $300.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $315.90.

Alphabet Company Profile

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.