Alphabet Inc. $GOOGL Shares Bought by Impax Asset Management Group plc

Key Points

• Impax Asset Management increased its Alphabet stake by 20.2% in the fourth quarter, bringing its holdings to 246,611 shares worth about $77.2 million.
• Alphabet posted strong quarterly results, with EPS of $5.11 beating estimates and revenue of $109.9 billion topping forecasts. The company also raised its quarterly dividend to $0.22 per share from $0.21.
• Wall Street remains bullish on Alphabet, with multiple firms raising price targets and consensus sentiment staying at Moderate Buy with an average target price of $407.86. The stock was also trading near its 52-week high after a recent gain.

Impax Asset Management Group plc grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 20.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 246,611 shares of the information services provider's stock after acquiring an additional 41,504 shares during the period. Impax Asset Management Group plc's holdings in Alphabet were worth $77,189,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of GOOGL. State Street Corp lifted its holdings in shares of Alphabet by 1.8% in the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock valued at $40,524,841,000 after purchasing an additional 4,008,374 shares in the last quarter. Capital World Investors lifted its holdings in shares of Alphabet by 28.0% in the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock valued at $12,910,542,000 after purchasing an additional 11,605,785 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Alphabet by 15.7% in the third quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider's stock valued at $12,333,076,000 after purchasing an additional 6,874,381 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Alphabet by 2.3% in the third quarter. Invesco Ltd. now owns 45,186,112 shares of the information services provider's stock valued at $10,984,744,000 after purchasing an additional 1,034,292 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Alphabet by 1.0% in the third quarter. Legal & General Group Plc now owns 39,250,829 shares of the information services provider's stock valued at $9,541,877,000 after purchasing an additional 392,547 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Trading Up 3.9%

Alphabet stock opened at $402.62 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market capitalization of $4.88 trillion, a price-to-earnings ratio of 30.71, a PEG ratio of 1.66 and a beta of 1.26. Alphabet Inc. has a one year low of $159.61 and a one year high of $403.70. The company's fifty day moving average price is $325.48 and its two-hundred day moving average price is $315.72.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.64 by $2.47. The firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. On average, analysts forecast that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet's dividend payout ratio (DPR) is currently 6.41%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $303.38, for a total transaction of $9,859,850.00. Following the completion of the sale, the chief executive officer directly owned 1,674,560 shares in the company, valued at $508,028,012.80. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 955 shares of the company's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the sale, the chief accounting officer owned 9,918 shares of the company's stock, valued at $2,955,564. This trade represents a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 158,553 shares of company stock valued at $47,951,856. Corporate insiders own 11.61% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is getting multiple bullish price-target and valuation upgrades, with one report citing an 11.2% increase in target to $410.17 and another framing the stock as still attractive despite its big recent run. Alphabet (GOOGL) price target increased by 11.20% to 410.17
• Positive Sentiment: Google expanded its AI push across Android and Gemini, unveiling new agentic features, AI-native laptops, and deeper integration into search and mobile workflows ahead of I/O. Everything Google announced at its Android Show, from Googlebooks to vibe-coded widgets
• Positive Sentiment: Reports that Google and SpaceX are exploring orbital data centers add to the market’s view that Alphabet remains a leading AI infrastructure winner with long-term optionality. Report: Google and SpaceX in talks to put data centers into orbit
• Positive Sentiment: Alphabet’s Waymo business is still a positive catalyst overall as investors continue to reward the autonomous-driving unit’s growth, even though a recall creates near-term headlines. Why Alphabet stock is outperforming broader market today?
• Neutral Sentiment: Apple is reportedly backing Google’s pushback against EU AI rules, which may help Alphabet manage regulatory friction, but the outcome remains uncertain. Apple Sides With Google In Fighting EU's AI Measures
• Neutral Sentiment: Alphabet-backed Isomorphic Labs raised $2.1 billion to scale AI-driven drug discovery, which reinforces Alphabet’s AI ecosystem but is not an immediate core earnings driver. Google-backed Isomorphic raises $2.1 billion to scale AI-driven drug discovery
• Negative Sentiment: Waymo’s recall of nearly 3,800 robotaxis over a software issue is a setback for Alphabet’s autonomous vehicle unit and could invite more scrutiny from regulators. Waymo to recall nearly 3,800 robotaxis over self-driving software issue

Analysts Set New Price Targets

A number of research firms have recently issued reports on GOOGL. Argus increased their target price on Alphabet from $365.00 to $385.00 and gave the company a "buy" rating in a report on Friday, February 6th. Guggenheim reaffirmed a "buy" rating and issued a $450.00 price target (up from $375.00) on shares of Alphabet in a research note on Thursday, April 30th. BMO Capital Markets upped their price target on shares of Alphabet from $410.00 to $435.00 and gave the stock an "outperform" rating in a research note on Thursday, April 30th. Citigroup reaffirmed an "outperform" rating on shares of Alphabet in a research note on Monday, May 4th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $390.00 price target (up from $345.00) on shares of Alphabet in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and an average target price of $407.86.

Alphabet Company Profile

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.

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