Mitsubishi UFJ Asset Management UK Ltd. increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 50.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,000 shares of the information services provider's stock after purchasing an additional 9,000 shares during the period. Alphabet accounts for 3.2% of Mitsubishi UFJ Asset Management UK Ltd.'s portfolio, making the stock its 8th largest holding. Mitsubishi UFJ Asset Management UK Ltd.'s holdings in Alphabet were worth $6,564,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in Alphabet during the second quarter valued at about $21,944,208,000. Laurel Wealth Advisors LLC boosted its stake in shares of Alphabet by 17,667.7% in the second quarter. Laurel Wealth Advisors LLC now owns 15,245,075 shares of the information services provider's stock worth $2,686,640,000 after acquiring an additional 15,159,273 shares during the period. Franklin Resources Inc. boosted its stake in shares of Alphabet by 51.7% in the second quarter. Franklin Resources Inc. now owns 31,817,684 shares of the information services provider's stock worth $5,607,232,000 after acquiring an additional 10,843,853 shares during the period. Vanguard Group Inc. grew its position in shares of Alphabet by 1.3% during the second quarter. Vanguard Group Inc. now owns 516,559,609 shares of the information services provider's stock worth $91,033,300,000 after purchasing an additional 6,733,278 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Alphabet by 201.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 6,547,250 shares of the information services provider's stock worth $1,153,824,000 after purchasing an additional 4,374,542 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Large cloud commercial win — CVS will deploy an AI‑enabled health platform on Google Cloud, validating enterprise demand for recurring cloud/AI revenue and supporting the Google Cloud/Gemini growth story. CVS taps Google Cloud
- Positive Sentiment: AI partnership continuity — Google said Anthropic will remain available for non‑defense projects after DoD actions, limiting disruption to Alphabet’s access to Anthropic models and enterprise AI offerings. Google says Anthropic remains available
- Positive Sentiment: Analyst and institutional support — Robert W. Baird lifted its price target to $380 and other firms have boosted targets/ratings recently, reinforcing buy narratives and upside vs. the current price. Baird raises price target
- Neutral Sentiment: Small insider sales — filings show modest sales by a director and the CAO; routine disclosures that markets note but are not large enough to signal strategic conviction changes. SEC filing — insider sales
- Neutral Sentiment: Market commentary on recent pullback — coverage (e.g., Zacks) highlights the stock’s slide since earnings and asks whether it can rebound, offering investor viewpoints but no new company fundamentals. Zacks — can it rebound?
- Negative Sentiment: Legal/PR overhang: a wrongful‑death lawsuit alleges harmful guidance from the Gemini chatbot, raising potential liability, regulatory scrutiny and reputational risk for Alphabet’s core AI investment thesis. Gemini wrongful‑death lawsuit
- Negative Sentiment: Autonomous‑vehicle scrutiny — the NHTSA/NHTSA‑led safety forum and ongoing probes into Waymo incidents increase regulatory risk and operational uncertainty for the self‑driving unit. NHTSA self‑driving safety forum
- Negative Sentiment: App store revenue pressure — a settlement with Epic lowered Play Store commission rates (to ~20% + up to 5%), which could modestly reduce Play‑ecosystem take rates and near‑term revenue. Play Store commission cut
- Negative Sentiment: Macro/geopolitical pressure — recent tensions and tech pullbacks in affected markets (e.g., Dubai exposure) are weighing on large‑cap tech multiples, contributing to negative sentiment around GOOGL. Tech offices respond to U.S.-Iran tensions
Alphabet Stock Performance
NASDAQ GOOGL opened at $298.80 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $349.00. The business has a 50 day simple moving average of $319.93 and a two-hundred day simple moving average of $286.26. The stock has a market capitalization of $3.61 trillion, a PE ratio of 27.64, a P/E/G ratio of 1.75 and a beta of 1.10.
Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.25. The business had revenue of $113.83 billion for the quarter, compared to analysts' expectations of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. On average, research analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.
Alphabet Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet's dividend payout ratio is presently 7.77%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on GOOGL shares. Wells Fargo & Company set a $354.00 price target on Alphabet and gave the stock an "equal weight" rating in a report on Thursday, February 5th. Royal Bank Of Canada upped their price target on Alphabet from $375.00 to $400.00 and gave the stock an "outperform" rating in a research note on Thursday, February 5th. China Renaissance lifted their price objective on shares of Alphabet from $330.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, February 6th. Raymond James Financial raised shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, January 22nd. Finally, Arete Research boosted their target price on shares of Alphabet from $380.00 to $405.00 and gave the stock a "buy" rating in a report on Wednesday, February 11th. Three research analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $367.18.
Check Out Our Latest Stock Report on Alphabet
Insider Buying and Selling at Alphabet
In other news, insider John Kent Walker sold 47,574 shares of the business's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the sale, the insider directly owned 13,227 shares in the company, valued at $3,987,279.15. The trade was a 78.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the company's stock in a transaction on Friday, January 30th. The shares were sold at an average price of $19.00, for a total value of $35,060,852.00. The SEC filing for this sale provides additional information. Insiders have sold 2,112,493 shares of company stock worth $118,605,094 over the last three months. 11.64% of the stock is owned by company insiders.
Alphabet Company Profile
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Free Report)
Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google's core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.
Beyond Google's consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.
See Also
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