Provident Trust Co Cuts Alphabet Inc. Class A Stake

Provident Trust Co, managed by J Scott Harkness, recently executed a significant transaction involving Alphabet Inc. Class A ((GOOGL)). The hedge fund reduced its position by 192,842 shares.

Recent Updates on Alphabet Inc. Class A stock

Alphabet Class A shares extended their rally with week-over-week gains ranging from 1.4% to 5.6%, monthly gains around 8–9%, and twelve-month appreciation between 66% and 78%, while analysts continue to rate the stock a StrongBuy with targets roughly $340–$354 and Bank of America’s Justin Post repeatedly reaffirming a $370 objective. Post expects an “upside” fourth quarter with revenue near $95.9 billion and EPS of $2.65, emphasizing accelerating search and YouTube growth (mid-teens%), Gemini-driven engagement, and AI-enabled efficiency, but he also highlights the need for reassuring commentary on Q1 trends, elevated 2026 capex of about $139–$140 billion, and vigilance around margin pressure, competitive AI launches, and potential cost surprises. The bullish case centers on Alphabet’s leadership in Gemini, TPUs, search monetization, and cloud differentiation, though the stock’s premium valuation and intensifying AI competition remain key watchpoints.

Spark’s Take on GOOGL Stock

According to Spark, TipRanks’ AI Analyst, GOOGL is a Outperform.

Alphabet’s strong financial performance and positive earnings call are the most significant factors driving the stock score. Technical analysis supports a bullish outlook, though valuation concerns slightly temper the overall score. Strategic investments in AI and cloud services position Alphabet well for future growth, despite some cost-related challenges.

To see Spark’s full report on GOOGL stock, click here.

More about Alphabet Inc. Class A

YTD Price Performance: 9.81%

Average Trading Volume: 35,361,121

Current Market Cap: $4081.5B