Washington Trust Bank Reduces Stake in Alphabet Inc. (NASDAQ:GOOGL)

2 min read | April 02, 2025 10:21 PM AEDT | By Team Kalkine Media

Washington Trust Bank Reduces Stake in Alphabet Inc. (NASDAQ:GOOGL)

Washington Trust Bank's Alphabet Stock Adjustment

Washington Trust Bank recently adjusted its investment in Alphabet Inc. (NASDAQ:GOOGL), reducing its holdings by approximately 2.8% during the fourth quarter. The bank still holds a substantial 83,631 shares, accounting for 1.5% of its portfolio. As per its latest SEC filing, these shares are valued at $15,831,000, positioning Alphabet as the bank's 20th largest investment.

Varied Institutional Investment Activities

Institutional investors have actively modified their stakes in Alphabet over the last quarter. Notable transactions include Compass Planning Associates Inc's new stake valued at approximately $30,000, and E Fund Management Hong Kong Co. Ltd's significant increase of 518.8% in its Alphabet shares. PayPay Securities Corp and Denver PWM LLC also expanded their positions by 36.1% and 25.4%, respectively.

Market Analysts' Perspectives on Alphabet

Several analysts have provided insights into Alphabet's stock performance. Robert W. Baird reissued an "outperform" rating, while DA Davidson, Wolfe Research, and The Goldman Sachs Group provided varying price targets, reflecting confidence in Alphabet's future performance. Overall, Alphabet enjoys an average "Moderate Buy" consensus among market analysts.

Alphabet's Financial Metrics and Recent Dividends

Alphabet's recent stock performance metrics highlight its market strength, boasting a market cap of $1.91 trillion and a P/E ratio of 19.51. The company issued a quarterly dividend in March, with a payout of $0.20 per share, representing an annualized dividend yield of 0.51%. Alphabet continues to deliver strong earnings, surpassing consensus estimates in its recent earnings report.

Insider Trading Activities

Alphabet's insiders have actively traded the company's stock, impacting ownership structures. Notably, CAO Amie Thuener O'toole reduced her stake by selling 1,368 shares, and insider John Kent Walker sold 11,764 shares, altering their respective ownership positions.

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