130,978 Alphabet Inc. $GOOG Shares Acquired by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON Asset Management UK increased its Alphabet stake by 19% in the third quarter, adding 130,978 shares. It now holds 819,871 shares, valued at approximately $279.4 million, representing 2.9% of its portfolio.
• Other institutional investors also adjusted or initiated Alphabet positions; institutions and hedge funds own 27.26% of the stock.
• Alphabet’s latest quarterly results showed revenue growth of 24.7% year over year, though earnings per share and revenue both came in slightly below analyst estimates.

AEGON ASSET MANAGEMENT UK Plc raised its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 19.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 819,871 shares of the information services provider's stock after buying an additional 130,978 shares during the period. Alphabet accounts for about 2.9% of AEGON ASSET MANAGEMENT UK Plc's portfolio, making the stock its 9th largest holding. AEGON ASSET MANAGEMENT UK Plc's holdings in Alphabet were worth $279,363,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOG. Morton Brown Family Wealth LLC raised its holdings in Alphabet by 135.5% during the third quarter. Morton Brown Family Wealth LLC now owns 73 shares of the information services provider's stock worth $25,000 after acquiring an additional 42 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new position in Alphabet in the second quarter valued at approximately $29,000. Livelsberger Financial Advisory bought a new position in Alphabet in the third quarter valued at approximately $37,000. Timbuktu Capital Management LLC bought a new position in Alphabet in the second quarter valued at approximately $46,000. Finally, Team Financial Group LLC acquired a new position in shares of Alphabet during the 3rd quarter worth approximately $60,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Anthropic investment and cloud ties could add value. Alphabet plans to invest $10 billion in Anthropic at its IPO, on top of prior commitments. Anthropic also has large Google Cloud infrastructure commitments, potentially supporting cloud revenue and giving Alphabet a valuable stake if the IPO valuation holds. Those gains remain contingent on the offering and valuation. Article: Anthropic's Trillion-Dollar IPO Could Give Cloud Giants a Double Win
• Positive Sentiment: Google is expanding its AI hardware and model lineup. New TPU variants target confidential computing and larger AI workloads, potentially helping Google Cloud compete and reduce reliance on outside chips. Google also made Gemini 4 Carbon available to developers and businesses. Article: Google broadens its AI hardware portfolio with two new specialized chips Article: Google Launches Gemini 4 Carbon
• Neutral Sentiment: Pixel Tag adds a new consumer product. Google’s $30 item tracker is now available for Android users, but its effect on Alphabet’s overall results is likely limited. Article: Pixel Tag is now available
• Negative Sentiment: Investors face renewed securities-fraud lawsuit headlines. Multiple law firms publicized a pending class action alleging misleading statements about the Gemini 3.5 Pro launch timeline. The lead-plaintiff deadline is December 1. The notices are largely legal solicitations, but the underlying allegations can add uncertainty and reputational risk. Article: Alphabet securities-fraud lawsuit deadline
• Negative Sentiment: AI competition is intensifying. Anthropic is reportedly developing workplace tools, including a spreadsheet product that could compete with Google Sheets, while its Claude assistant is expanding into Google Meet. This highlights both competitive pressure and the risk of depending on a partner that also competes with Google. Article: Anthropic brings Claude to Google Meet
• Negative Sentiment: Waymo faces a safety and privacy overhang. Federal scrutiny over robotaxis’ school-bus behavior and added privacy protections related to Spirit Airlines employee data create regulatory and reputational risks. Article: Federal Government Probes Waymo Over School-Bus Safety

Alphabet Stock Performance

GOOG opened at $284.92 on Wednesday. Alphabet Inc. has a 12-month low of $271.41 and a 12-month high of $404.47. The stock has a market cap of $3.50 trillion, a price-to-earnings ratio of 14.93, a PEG ratio of 0.87 and a beta of 1.21. The business has a 50 day moving average of $327.64 and a 200-day moving average of $336.57. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, missing analysts' consensus estimates of $3.01 by ($0.89). The business had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.97 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The firm's revenue was up 24.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.87 earnings per share. On average, equities research analysts expect that Alphabet Inc. will post 19.74 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, December 7th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, December 7th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is currently 4.59%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GOOG. New Street Research dropped their price objective on Alphabet from $455.00 to $405.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Jefferies Financial Group reissued a "buy" rating on shares of Alphabet in a research note on Monday, August 3rd. Stifel Nicolaus set a $485.00 target price on shares of Alphabet in a research note on Thursday, October 8th. Scotiabank restated a "sector outperform" rating and set a $375.00 target price (down from $450.00) on shares of Alphabet in a report on Thursday, October 29th. Finally, Evercore reaffirmed an "outperform" rating and set a $435.00 price target on shares of Alphabet in a research report on Thursday, October 29th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $413.38.

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the transaction, the director directly owned 19,076 shares of the company's stock, valued at $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 247 shares of company stock worth $79,238. Company insiders own 12.99% of the company's stock.

About Alphabet

Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer. Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.

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