Alphabet Inc. $GOOGL Shares Bought by Quintet Private Bank Europe S.A.

Key Points

• Quintet Private Bank Europe increased its Alphabet stake by 29.8% in the third quarter, purchasing 149,153 additional shares to own 650,430 shares valued at approximately $223.8 million.
• Other major institutions also expanded their Alphabet holdings, while institutional investors and hedge funds collectively own 40.03% of the stock. Insiders, however, sold 441,399 shares worth $8.7 million over the past three months.
• Alphabet recently beat quarterly earnings and revenue estimates, and analysts maintain a consensus “Buy” rating with an average price target of $425.72, compared with shares recently trading near $349.

Quintet Private Bank Europe S.A. lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 29.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 650,430 shares of the information services provider's stock after purchasing an additional 149,153 shares during the quarter. Alphabet accounts for approximately 10.4% of Quintet Private Bank Europe S.A.'s holdings, making the stock its 3rd largest position. Quintet Private Bank Europe S.A.'s holdings in Alphabet were worth $223,800,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. State Street Corp boosted its holdings in shares of Alphabet by 5.6% in the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock valued at $85,403,303,000 after acquiring an additional 12,718,127 shares in the last quarter. Invesco Ltd. raised its holdings in Alphabet by 0.5% during the fourth quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider's stock worth $14,208,470,000 after purchasing an additional 208,362 shares in the last quarter. Amundi raised its holdings in Alphabet by 4.6% during the second quarter. Amundi now owns 33,203,350 shares of the information services provider's stock worth $11,865,809,000 after purchasing an additional 1,457,371 shares in the last quarter. Nuveen LLC lifted its position in Alphabet by 1.7% in the fourth quarter. Nuveen LLC now owns 29,166,806 shares of the information services provider's stock worth $9,129,210,000 after purchasing an additional 478,848 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Alphabet by 10.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider's stock worth $6,334,186,000 after purchasing an additional 1,631,721 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the sale, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The SEC filing for this sale provides additional information. Insiders have sold a total of 441,399 shares of company stock valued at $8,677,053 in the last three months. 11.61% of the stock is currently owned by company insiders.

Alphabet Trading Down 0.4%

Shares of Alphabet stock traded down $1.31 on Thursday, reaching $349.19. 10,846,290 shares of the company were exchanged, compared to its average volume of 30,703,777. Alphabet Inc. has a fifty-two week low of $235.84 and a fifty-two week high of $408.61. The firm has a market capitalization of $4.27 trillion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average price of $345.69 and a 200-day moving average price of $348.83.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. On average, analysts expect that Alphabet Inc. will post 20.55 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, September 4th. Alphabet's payout ratio is presently 4.42%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GOOGL shares. Morgan Stanley set a $400.00 price target on Alphabet and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Royal Bank Of Canada restated an "outperform" rating and issued a $425.00 price objective on shares of Alphabet in a report on Thursday, July 23rd. Phillip Securities raised Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 27th. Freedom Capital raised Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Alphabet in a research report on Monday, June 22nd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $425.72.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analyst optimism remains a major support. Needham reaffirmed its Buy rating and set a $450 price target, while reports indicate all 56 analysts covering Alphabet are bullish with no Sell ratings. Analysts cite strong margins, cloud growth and AI expansion as reasons for further upside. Alphabet Price Prediction: 56 Analysts Bullish, Zero Sells
• Positive Sentiment: Alphabet’s AI ecosystem continues to expand. Google and Unity launched an AI-powered game-creation platform that could broaden Google Play engagement and create new monetization opportunities. Google also added direct purchasing for eligible Newegg products through Gemini and AI Mode, providing an early test of conversational commerce. Google and Unity Team to Let Users Build Their Own Games
• Positive Sentiment: Waymo secured $5 billion in financing from lenders including Blackstone, PIMCO and Sixth Street. The funding supports robotaxi expansion and strengthens the case that Alphabet’s autonomous-driving unit can scale commercially without immediate reliance on parent-company funding. Waymo locks in $5B loan
• Positive Sentiment: Isomorphic Labs may command a $40 billion-to-$50 billion valuation in a potential funding round, highlighting the value of Alphabet’s AI drug-discovery assets. Google’s long-term nuclear power agreement with Constellation Energy also supports data-center capacity, although it adds to infrastructure commitments.
• Neutral Sentiment: Investors are monitoring AI spending efficiency. Alphabet is increasing capital expenditures to support data centers, but free cash flow reportedly turned negative and long-term debt has risen, raising questions about whether AI investment will produce sufficient external revenue and returns.
• Negative Sentiment: Multiple law firms are promoting a securities class action alleging that Alphabet and senior executives failed to disclose issues involving the expected Gemini 3.5 Pro launch and training results. The litigation creates reputational and potential financial risks, though the allegations have not been proven. Alphabet Shareholder Alert
• Negative Sentiment: Criticism that Google is lagging in AI-assisted coding underscores competitive risks for Gemini, while a temporary halt to two Finnish data-center projects because of environmental-assessment concerns could delay capacity expansion. How Google missed the AI coding boom

About Alphabet

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.

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