Rockland Trust Loads Up on 50,959 GOOGL Shares in Q2

Core Insights - Rockland Trust Co increased its position in Alphabet by purchasing 50,959 shares in Q2 2025, raising its total holdings to 491,921 shares valued at $86.71 million as of July 10, 2025 [1][2] - The fund's total reported U.S. equity assets reached $2.05 billion, with Alphabet representing 4.22% of its reported 13F AUM [2][3] - Alphabet's stock closed at $177.62 on July 10, 2025, underperforming the S&P 500 by 18.63 percentage points, with a dividend yield of 0.46% and a forward P/E of 18.53 [3][4] Company Overview - Alphabet has a market capitalization of $2.16 trillion, with a trailing twelve months (TTM) revenue of $359.71 billion and a net income of $111.00 billion as of July 10, 2025 [4] - The company operates a multi-segment business model, generating revenue primarily from digital advertising, cloud infrastructure, collaboration tools, and hardware sales [5][6] Investment Perspective - Rockland Trust Co's decision to increase its stake in Alphabet by 11.6% reflects the stock's appealing valuation, as it is considered the most affordable among the "Magnificent Seven" stocks based on various valuation metrics [7][9] - Despite Alphabet's strong financial results and long-term growth rates, the stock has underperformed compared to its peers in the last 52 weeks [8][9] - Analysts expect Alphabet's upcoming second-quarter earnings report to show approximately 11% year-over-year revenue growth and a 19% increase in earnings [9]