Alphabet Inc. $GOOGL Shares Purchased by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management increased its Alphabet stake by 1.9% in the first quarter, buying 34,208 additional shares and bringing its total holding to 1,866,427 shares worth about $531.7 million.
• Alphabet reported strong quarterly results, with EPS of $5.11 versus the $2.64 estimate and revenue of $109.9 billion topping forecasts. The company also raised its quarterly dividend to $0.22 per share from $0.21.
• Analysts remain broadly positive on GOOGL, with an average rating of “Moderate Buy” and an average price target of $414.11. Several firms recently lifted targets, though insider selling and regulatory/AI-related concerns remain overhangs.

Resona Asset Management Co. Ltd. raised its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,866,427 shares of the information services provider's stock after purchasing an additional 34,208 shares during the period. Alphabet makes up about 2.6% of Resona Asset Management Co. Ltd.'s investment portfolio, making the stock its 5th biggest holding. Resona Asset Management Co. Ltd.'s holdings in Alphabet were worth $531,732,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GOOGL. NewEdge Wealth LLC increased its holdings in shares of Alphabet by 11.8% during the 4th quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider's stock worth $277,696,000 after acquiring an additional 93,293 shares during the last quarter. World Investment Advisors lifted its holdings in Alphabet by 9.2% during the 4th quarter. World Investment Advisors now owns 274,761 shares of the information services provider's stock valued at $86,000,000 after purchasing an additional 23,107 shares during the last quarter. PFG Investments LLC lifted its holdings in Alphabet by 2.6% during the 1st quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock valued at $25,679,000 after purchasing an additional 2,269 shares during the last quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new position in Alphabet during the fourth quarter worth $28,902,000. Finally, Private Advisory Group LLC boosted its position in Alphabet by 12.2% during the fourth quarter. Private Advisory Group LLC now owns 24,717 shares of the information services provider's stock worth $7,736,000 after purchasing an additional 2,678 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

NASDAQ:GOOGL opened at $346.77 on Friday. Alphabet Inc. has a 52 week low of $183.71 and a 52 week high of $408.61. The firm has a market cap of $4.20 trillion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 1.45 and a beta of 1.24. The firm's 50-day simple moving average is $368.89 and its 200 day simple moving average is $337.97. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion during 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%. As a group, sell-side analysts predict that Alphabet Inc. will post 14.33 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were given a $0.22 dividend. The ex-dividend date was Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is presently 6.71%.

Insider Buying and Selling

In other Alphabet news, insider John Kent Walker sold 8,998 shares of the firm's stock in a transaction on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider owned 75,290 shares in the company, valued at $26,298,044.10. This trade represents a 10.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The disclosure for this sale is available in the SEC filing. Insiders sold 159,415 shares of company stock valued at $7,672,279 in the last quarter. Corporate insiders own 11.61% of the company's stock.

Analysts Set New Price Targets

GOOGL has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on shares of Alphabet from $435.00 to $416.00 and set an "overweight" rating on the stock in a research report on Thursday, July 2nd. Phillip Securities lifted their target price on shares of Alphabet from $340.00 to $395.00 and gave the stock a "moderate buy" rating in a report on Wednesday, April 15th. Arete Research upped their price target on shares of Alphabet from $405.00 to $425.00 and gave the company a "buy" rating in a research note on Monday, May 18th. Wall Street Zen raised shares of Alphabet from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Finally, Oppenheimer increased their price target on shares of Alphabet from $425.00 to $445.00 and gave the company an "outperform" rating in a report on Friday, May 15th. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $414.11.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street remains broadly bullish on Alphabet, with multiple reports citing strong cloud growth, AI-driven momentum in Search and YouTube, and price targets still above current trading levels. Article Title
• Positive Sentiment: Analysts say Alphabet could post a strong Q2, helped by Google Cloud strength and the value of its Anthropic stake, which may support upside if earnings beat expectations. Article Title
• Neutral Sentiment: Investors are also positioning for Alphabet’s upcoming earnings report, with options traders expecting a sizable move, indicating that the stock may stay volatile into the release. Article Title
• Negative Sentiment: Bloomberg-reported delays to Gemini 3.5 Pro have sparked fears that Google is lagging in AI, with concerns that the model’s coding performance fell short of internal goals. Article Title
• Negative Sentiment: Alphabet is facing added regulatory pressure after the EU ordered it to open Android and search data to rival AI companies, and a San Francisco order to remove “nudify” apps from app stores adds to the broader legal overhang. Article Title
• Negative Sentiment: Securities-fraud investigation headlines are creating an additional near-term overhang, even though these are still allegations and not a proven finding of wrongdoing. Article Title

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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