Alphabet Inc. $GOOG Shares Acquired by Migdal Insurance & Financial Holdings Ltd.

Key Points

• 31.2% stake increase: Migdal Insurance & Financial Holdings raised its Alphabet position 31.2% in Q4 to 1,323,291 shares, worth $415.25 million and representing about 3.6% of the fund (its 6th largest holding).
• Record Q1: Alphabet topped estimates with EPS $5.11 (vs. ~$2.68 consensus) and $109.9B revenue, while Google Cloud grew ~63%, spurring multiple analyst price-target raises and buy reiterations.
• $185–190B capex and risks: Management flagged very large AI-related capital spending (~$185–190B in 2026 and higher in 2027), which could pressure free cash flow and, together with rising AI costs and regulatory scrutiny, represents a key investor concern.

Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 31.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,323,291 shares of the information services provider's stock after purchasing an additional 314,875 shares during the period. Alphabet makes up approximately 3.6% of Migdal Insurance & Financial Holdings Ltd.'s portfolio, making the stock its 6th biggest holding. Migdal Insurance & Financial Holdings Ltd.'s holdings in Alphabet were worth $415,251,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in GOOG. Ring Mountain Capital LLC boosted its stake in shares of Alphabet by 0.9% in the 4th quarter. Ring Mountain Capital LLC now owns 3,554 shares of the information services provider's stock worth $1,174,000 after buying an additional 30 shares during the last quarter. HRC Wealth Management LLC boosted its stake in shares of Alphabet by 1.0% in the 4th quarter. HRC Wealth Management LLC now owns 3,231 shares of the information services provider's stock worth $1,014,000 after buying an additional 31 shares during the last quarter. Avaii Wealth Management LLC boosted its stake in shares of Alphabet by 2.3% in the 4th quarter. Avaii Wealth Management LLC now owns 1,437 shares of the information services provider's stock worth $451,000 after buying an additional 32 shares during the last quarter. Accel Wealth Management boosted its stake in shares of Alphabet by 0.8% in the 4th quarter. Accel Wealth Management now owns 4,068 shares of the information services provider's stock worth $1,276,000 after buying an additional 33 shares during the last quarter. Finally, Accelerate Investment Advisors LLC boosted its stake in shares of Alphabet by 1.1% in the 4th quarter. Accelerate Investment Advisors LLC now owns 3,166 shares of the information services provider's stock worth $993,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Record Q1 fundamentals — Alphabet beat estimates (EPS $5.11 vs. $2.64 consensus) and reported $109.9B revenue; Google Cloud grew ~63% to ~ $20B with a very large backlog, which underpins multi-year revenue visibility and explains the rally. Alphabet Q1 2026 Earnings Call Highlights
• Positive Sentiment: Wall Street is upgrading targets — multiple firms (JPMorgan, TD Cowen, Scotiabank, Raymond James, Piper Sandler and others) raised price targets and reiterated buys after the quarter, signaling analyst conviction that AI/cloud growth justifies higher valuation. Coverage: Recent price-target raises
• Positive Sentiment: Strategic wins and ecosystem advantages — articles argue Alphabet’s “compute” advantage (TPUs, datacenter scale, full‑stack Gemini integrations) gives it a structural edge versus rivals and supports both ad/product monetization and enterprise AI demand. Compute is destiny. Google just proved it.
• Neutral Sentiment: Government and enterprise demand — the U.S. Pentagon and other large customers have agreements with leading AI providers including Google, validating long-term cloud/AI revenue channels but timing and contract sizes vary. This supports durable demand but is not an immediate revenue kicker. Pentagon reaches agreements with leading AI companies
• Negative Sentiment: CapEx intensity and cash flow tradeoff — management signaled very large AI-related capital spending (2026 capex ~ $185–190B and “significantly higher” expected in 2027). That funds growth but will pressure free cash flow and raises execution/ROI scrutiny. Alphabet ups 2026 capex to as much as $190 billion
• Negative Sentiment: Rising cost concerns and regulatory risks — commentary highlights the growing capital and operating cost of AI (potential margin/cashflow headwinds), and regulators in Europe are probing Google’s AI/search features — both are watch‑items for investors. Google Stock Growth Collides With The Rising Cost Of AI Italy asks EU to investigate Google AI search tools

Alphabet Trading Up 0.3%

NASDAQ:GOOG opened at $383.22 on Friday. The company has a current ratio of 1.92, a quick ratio of 2.01 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $4.64 trillion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 2.35 and a beta of 1.13. The firm's 50 day moving average is $312.44 and its 200 day moving average is $307.77. Alphabet Inc. has a 12 month low of $149.49 and a 12 month high of $383.39.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $2.43. The company had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Alphabet's revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.81 EPS. Sell-side analysts expect that Alphabet Inc. will post 11.62 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be issued a $0.22 dividend. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet's payout ratio is presently 6.71%.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the sale, the chief executive officer owned 1,642,060 shares of the company's stock, valued at approximately $505,573,853.40. The trade was a 1.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total transaction of $348,232.50. Following the completion of the sale, the director directly owned 3,581 shares in the company, valued at $1,187,638.65. This trade represents a 22.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 191,986 shares of company stock worth $59,159,207 in the last three months. Insiders own 12.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GOOG. Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a research note on Monday, April 20th. Pivotal Research restated a "buy" rating and issued a $470.00 target price (up from $420.00) on shares of Alphabet in a research note on Wednesday. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $370.00 target price on shares of Alphabet in a research note on Tuesday, January 20th. Jefferies Financial Group restated a "buy" rating and issued a $365.00 target price on shares of Alphabet in a research note on Monday, January 5th. Finally, TD Cowen boosted their target price on Alphabet from $375.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $362.73.

Alphabet Company Profile

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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