Alphabet Inc. $GOOG Stock Purchased by China Universal Asset Management Co. Ltd.

Key Points

• China Universal Asset Management increased its Alphabet stake by 14.2% in the third quarter, bringing its holdings to 94,032 shares valued at approximately $31.7 million. Institutional investors collectively own 27.26% of Alphabet.
• Alphabet’s latest quarterly results fell short of expectations, with earnings of $2.12 per share versus a $3.01 consensus estimate and revenue of $127.58 billion. The stock opened at $278.22, near its 12-month low of $271.41, despite revenue growth of 24.7% year over year.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $413.54. Google Cloud and AI growth support the bull case, while heavy AI spending, weaker-than-expected monetization, and legal risks remain concerns.

China Universal Asset Management Co. Ltd. raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 14.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,032 shares of the information services provider's stock after purchasing an additional 11,676 shares during the quarter. Alphabet accounts for 1.7% of China Universal Asset Management Co. Ltd.'s portfolio, making the stock its 11th largest position. China Universal Asset Management Co. Ltd.'s holdings in Alphabet were worth $31,719,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Morton Brown Family Wealth LLC increased its holdings in shares of 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 buying an additional 42 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in Alphabet in the second quarter valued at about $29,000. Timbuktu Capital Management LLC acquired a new stake in Alphabet in the second quarter valued at $46,000. Robinswood Financial LLC acquired a new position in shares of Alphabet during the first quarter valued at about $57,000. Finally, Commonwealth Retirement Investments LLC bought a new position in shares of Alphabet during the second quarter valued at about $86,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $278.22 on Monday. The business's 50 day moving average is $335.73 and its two-hundred day moving average is $338.25. Alphabet Inc. has a 12 month low of $271.41 and a 12 month high of $404.47. The company has a market cap of $3.40 trillion, a P/E ratio of 14.52, a P/E/G ratio of 0.83 and a beta of 1.19. 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 announced its quarterly earnings results on Wednesday, October 28th. 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 during 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 business's quarterly 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 EPS. On average, equities analysts expect that Alphabet Inc. will post 19.99 EPS for the current year.

Alphabet Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GOOG. Wells Fargo & Company reaffirmed an "overweight" rating and set a $371.00 price objective on shares of Alphabet in a research note on Friday. Citic Securities boosted their target price on shares of Alphabet from $430.00 to $434.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Susquehanna reaffirmed a "positive" rating and issued a $400.00 price objective on shares of Alphabet in a research report on Thursday. Citizens Jmp cut Alphabet from a "mkt outperform" rating to a "market perform" rating in a research report on Thursday. Finally, DZ Bank upgraded Alphabet from a "buy" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $413.54.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud delivered exceptional growth. Revenue more than doubled year over year to approximately $30.7 billion, while operating margins expanded and the backlog reached roughly $561 billion. This supports the view that Alphabet’s AI investments are generating demand. Alphabet Cloud Business Article
• Positive Sentiment: Alphabet’s AI platform may create new revenue streams. OpenAI reportedly plans to use Google’s tensor-processing units, while Gemini performance and expanding AI Search advertising could help Alphabet compete in the AI infrastructure market. Analysts including Goldman Sachs and JPMorgan remain constructive, despite lowering price targets. OpenAI Google AI Chips Article
• Positive Sentiment: Valuation has become more attractive. Reports place GOOG’s price-to-earnings ratio near 14.6, the lowest level in many years, prompting some investors to characterize the selloff as a potential long-term buying opportunity. Google Valuation Article
• Neutral Sentiment: Waymo is expanding internationally. Alphabet’s autonomous-driving unit will test Toyota bZ4X robotaxis in Japan and the U.K., but the business remains small and cash-burning. Waymo Toyota Partnership Article
• Negative Sentiment: Quarterly results missed expectations. Alphabet reported approximately $2.12 in earnings per share and $127.6 billion in revenue, below consensus forecasts. Search revenue grew but missed estimates, and AI-powered searches are reportedly harder to monetize than traditional searches. Alphabet Search Earnings Article
• Negative Sentiment: AI spending is straining cash flow. Capital expenditures and infrastructure commitments pushed free cash flow approximately $9 billion negative for the quarter, raising concerns about returns on Alphabet’s enormous AI investment program and potential financing or dilution. Tech Giants AI Spending Article
• Negative Sentiment: Additional earnings pressure came from investments and legal risk. An unrealized loss on Alphabet’s SpaceX stake reduced earnings, while multiple law firms publicized securities class-action deadlines tied to alleged AI disclosures. These lawsuits are largely investor notices, but they add reputational and headline risk. Alphabet Class Action Notice

Insiders Place Their Bets

In other news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 247 shares of company stock worth $79,238. Corporate insiders own 12.99% of the company's stock.

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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