64,490 Alphabet Inc. $GOOG Shares Sold by Hikari Power Ltd

Key Points

• Hikari Power cut its Alphabet stake by 58.1% in the third quarter, selling 64,490 shares and retaining 46,500 shares worth about $15.8 million.
• Alphabet reported quarterly EPS of $2.12, below the $3.01 consensus estimate, and revenue of $127.58 billion, slightly under forecasts; revenue nevertheless rose 24.7% year over year.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $413.38. The stock was down 1.9% in Friday trading, opening at $281.74.

Hikari Power Ltd lowered its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 58.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,500 shares of the information services provider's stock after selling 64,490 shares during the period. Alphabet accounts for about 3.6% of Hikari Power Ltd's holdings, making the stock its 2nd largest holding. Hikari Power Ltd's holdings in Alphabet were worth $15,844,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Readystate Asset Management LP bought a new stake in Alphabet during the second quarter valued at approximately $45,352,000. Arrowstreet Capital Limited Partnership raised its stake in Alphabet by 76.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 14,581,870 shares of the information services provider's stock valued at $4,182,952,000 after purchasing an additional 6,300,900 shares during the period. State Street Corp lifted its holdings in shares of Alphabet by 2.8% in the second quarter. State Street Corp now owns 190,923,442 shares of the information services provider's stock worth $67,458,980,000 after buying an additional 5,208,690 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Alphabet by 1.4% during the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider's stock valued at $130,704,718,000 after purchasing an additional 5,164,200 shares during the last quarter. Finally, Amundi increased its stake in Alphabet by 22.9% in the 1st quarter. Amundi now owns 21,922,379 shares of the information services provider's stock worth $6,288,654,000 after acquiring an additional 4,083,758 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction that occurred 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 sale, the director owned 19,076 shares of the company's stock, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 247 shares of company stock worth $79,238 over the last 90 days. Company insiders own 12.99% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wells Fargo & Company set a $365.00 price target on Alphabet in a report on Monday. DZ Bank raised shares of Alphabet from a "buy" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. KeyCorp restated an "overweight" rating and issued a $385.00 target price on shares of Alphabet in a report on Thursday, October 29th. Moffett Nathanson dropped their price target on shares of Alphabet from $380.00 to $370.00 and set a "buy" rating for the company in a research note on Wednesday, September 16th. Finally, Citic Securities upped their price target on shares of Alphabet from $430.00 to $434.00 and gave the company a "buy" rating in a report on Monday, July 27th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $413.38.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is backing financing for TeraWulf’s data-center project tied to Anthropic’s long-term leases. The support could help secure infrastructure for AI demand, though it also exposes Google to a contingent commitment if Anthropic defaults. Article: Google's Credit Backstop May Be TeraWulf's Biggest Advantage
• Positive Sentiment: Waymo plans to expand its robotaxi fleet in Nashville by year-end, offering a potential growth signal for Alphabet’s autonomous-driving business. Article: Lyft to expand Waymo robotaxi fleet in Nashville by year-end
• Negative Sentiment: Google, Meta and TikTok sued California’s attorney general to block a law restricting features deemed addictive for under-16 users. The dispute adds regulatory uncertainty and scrutiny of Google’s services for young people. Article: Meta, Google, and TikTok sue California AG over teen social media law
• Negative Sentiment: Parents have sued Google, alleging a student used an AI chat on a school Chromebook while planning a suicide attempt. The claim is unproven, but it could heighten concerns about AI safety, liability and reputational risk. Article: Google faces claims student used AI chat on US school laptop to plan suicide attempt
• Negative Sentiment: Several law firms publicized a securities class action concerning investors who bought Alphabet shares from May 19 to July 16, alleging misleading statements about Gemini 3.5 Pro’s launch timing. The allegations have not been proven, but add legal overhang. Article: Rosen Law Firm investor notice

Alphabet Trading Down 1.9%

NASDAQ GOOG opened at $281.74 on Friday. The company's 50-day moving average price is $330.86 and its 200-day moving average price is $337.20. The company has a current ratio of 2.79, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19. The stock has a market cap of $3.45 trillion, a PE ratio of 14.70, a PEG ratio of 0.87 and a beta of 1.21. Alphabet Inc. has a 12 month low of $271.41 and a 12 month high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The company's quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.87 EPS. Equities research analysts forecast that Alphabet Inc. will post 19.80 earnings per share for the current year.

Alphabet Announces Dividend

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

Alphabet Profile

Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google's principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.

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