Alphabet Inc. $GOOGL Stock: AIA Group Ltd Cuts Position

Key Points

• AIA Group cut its Alphabet stake by 7.7% in the third quarter, selling 29,483 shares. It retained 355,349 shares valued at about $122.3 million, making Alphabet its 13th-largest holding.
• Analysts remain broadly positive: MarketBeat reports a consensus “Buy” rating and an average price target of $412.51, despite several firms lowering their targets.
• Alphabet’s latest quarterly results missed estimates, reporting EPS of $2.12 versus $3.02 expected and revenue of $127.58 billion versus $127.96 billion forecast.

AIA Group Ltd lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 355,349 shares of the information services provider's stock after selling 29,483 shares during the quarter. Alphabet accounts for 1.5% of AIA Group Ltd's portfolio, making the stock its 13th largest position. AIA Group Ltd's holdings in Alphabet were worth $122,268,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in GOOGL. EMC Capital Management acquired a new stake in Alphabet during the second quarter worth $35,000. Core Capital Management & Research inc. purchased a new position in Alphabet in the second quarter valued at $41,000. Intelligent Financial Strategies acquired a new stake in Alphabet in the third quarter valued at approximately $41,000. Premier Financial Group acquired a new stake in Alphabet in the second quarter valued at $45,000. Finally, Graney & King LLC lifted its stake in Alphabet by 38.5% during the second quarter. Graney & King LLC now owns 180 shares of the information services provider's stock worth $64,000 after purchasing an additional 50 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several research analyst reports. Benchmark reaffirmed a "buy" rating on shares of Alphabet in a research report on Thursday, October 1st. Wells Fargo & Company lowered their target price on Alphabet from $417.00 to $371.00 and set an "overweight" rating on the stock in a research note on Friday, October 30th. Truist Financial cut their target price on Alphabet from $420.00 to $410.00 and set a "buy" rating for the company in a research note on Thursday, October 29th. Rosenblatt Securities reduced their price target on shares of Alphabet from $410.00 to $380.00 and set a "buy" rating for the company in a research report on Thursday, October 29th. Finally, UBS Group set a $332.00 target price on Alphabet and gave the stock a "neutral" rating in a research report on Thursday, October 29th. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $412.51.

Alphabet Stock Performance

GOOGL stock opened at $293.45 on Thursday. The company has a current ratio of 2.79, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19. The stock's 50 day simple moving average is $329.89 and its 200 day simple moving average is $338.38. The firm has a market cap of $3.61 trillion, a P/E ratio of 15.32, a P/E/G ratio of 0.87 and a beta of 1.23. Alphabet Inc. has a 12-month low of $270.70 and a 12-month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The company had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.96 billion. As a group, equities research analysts predict that Alphabet Inc. will post 19.81 EPS for the current year.

Alphabet Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Frances Arnold sold 83 shares of the stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the transaction, the director owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 247 shares of company stock worth $79,238 over the last 90 days. 11.61% of the stock is owned by company insiders.

Alphabet News Summary

Investors following GOOGL have been watching these news items:

• Positive Sentiment: Alphabet unveiled two new AI-focused TPU systems, broadening its in-house chip lineup and potentially reducing reliance on outside suppliers. The push could strengthen Google Cloud’s competitiveness, though investors are weighing the investment required against returns. Article: Alphabet Escalates AI Chip Rivalry With NVIDIA
• Positive Sentiment: Google’s Gemini 4 Carbon scored near the top in an accounting AI benchmark, with Gemini 4 Argon ranking first. Strong results may support adoption of Google’s AI tools by businesses. Article: Google Now Has Two of the Top AI Models for Accounting Work
• Neutral Sentiment: Alphabet is among Anthropic’s major investors and cloud providers, with the company’s IPO potentially increasing the value of its stake and supporting Google Cloud demand. However, the reported additional investment is also a substantial capital commitment. Article: Anthropic's Trillion-Dollar IPO Could Give Cloud Giants a Double Win

Alphabet Profile

Alphabet Inc. is a technology holding company whose largest business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company reorganized its businesses under the holding-company structure in 2015. Google's products and services include Search, YouTube, Android, Chrome, Google Maps, Google Play and Google Cloud. The company also generates revenue from digital advertising and offers devices, subscriptions and artificial intelligence products and services.

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