First Hawaiian Bank Cuts Alphabet Stake

First Hawaiian Bank reduced its holdings in Alphabet Inc. (NASDAQ:GOOG) by 19% in the fourth quarter, selling 9,846 shares and retaining 41,959 shares valued at $7.99 million. Other institutional investors also made significant moves, with Farmers Trust Co. increasing its stake by 12.9% and Private Client Services LLC boosting holdings by 15.3%. Alphabet insiders were active as well, with Chief Accounting Officer Amie Thuener O’Toole and Director John L. Hennessy selling shares, reducing their ownership by 9.71% and 5.39%, respectively. Analyst sentiment remains positive, with the consensus rating as “Moderate Buy” and a target price of $200.56. Alphabet’s recent quarterly earnings exceeded expectations, with revenue up 15.1% year-over-year, and the company announced a quarterly dividend of $0.20 per share. The stock continues to demonstrate strong financial performance, with a market cap of $2.39 trillion and consistent growth in earnings per share.