Alphabet Inc. $GOOGL Stock: Asset Management One Co. Ltd. Trims Holdings

Key Points

• Asset Management One cut its Alphabet stake by 0.9%, selling 25,636 shares, but still held 2.86 million shares worth about $984 million; Alphabet remains its sixth-largest holding.
• Analysts remain broadly positive, with a consensus Buy rating and $412.51 price target. Recent targets varied widely, from $345 to $475.
• Alphabet missed quarterly EPS expectations, reporting $2.12 versus the $3.02 consensus, while revenue also came in slightly below estimates. The company declared a $0.22 quarterly dividend, equivalent to a 0.3% yield.

Asset Management One Co. Ltd. reduced its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,859,096 shares of the information services provider's stock after selling 25,636 shares during the period. Alphabet accounts for approximately 2.5% of Asset Management One Co. Ltd.'s investment portfolio, making the stock its 6th largest holding. Asset Management One Co. Ltd.'s holdings in Alphabet were worth $983,758,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. John Boyer Inc. bought a new position in shares of Alphabet in the 3rd quarter worth $178,000. MADDEN SECURITIES Corp lifted its stake in Alphabet by 30.1% in the third quarter. MADDEN SECURITIES Corp now owns 8,179 shares of the information services provider's stock valued at $2,814,000 after buying an additional 1,893 shares during the period. Latitude Advisors LLC boosted its holdings in Alphabet by 12.0% during the third quarter. Latitude Advisors LLC now owns 4,563 shares of the information services provider's stock worth $1,570,000 after buying an additional 490 shares during the last quarter. Balance Wealth Partners LLC boosted its holdings in Alphabet by 1.9% during the third quarter. Balance Wealth Partners LLC now owns 2,738 shares of the information services provider's stock worth $942,000 after buying an additional 51 shares during the last quarter. Finally, Investment Advisory Services Inc. TX ADV boosted its holdings in Alphabet by 0.6% during the third quarter. Investment Advisory Services Inc. TX ADV now owns 9,832 shares of the information services provider's stock worth $3,383,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on GOOGL. Moffett Nathanson set a $345.00 target price on Alphabet in a research report on Thursday, October 29th. Royal Bank Of Canada cut their price target on shares of Alphabet from $425.00 to $400.00 and set an "outperform" rating on the stock in a research report on Thursday, October 29th. Guggenheim restated a "buy" rating and set a $450.00 price objective on shares of Alphabet in a report on Thursday, October 29th. Pivotal Research reissued a "buy" rating and set a $475.00 price target (up from $470.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Morgan Stanley reissued an "overweight" rating and issued a $375.00 price target (down from $400.00) on shares of Alphabet in a report on Thursday, October 29th. Five research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $412.51.

Alphabet Stock Up 3.2%

NASDAQ:GOOGL opened at $288.93 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. The company has a market cap of $3.53 trillion, a PE ratio of 15.08, a PEG ratio of 0.84 and a beta of 1.23. Alphabet Inc. has a 52-week low of $270.70 and a 52-week high of $408.61. The stock has a 50-day simple moving average of $335.23 and a 200 day simple moving average of $339.39.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.02 by ($0.90). The business had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.96 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. On average, sell-side analysts expect that Alphabet Inc. will post 19.86 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, December 7th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio is 4.59%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Election results were cited as a catalyst for the stock’s advance. The outcome also raises questions about possible data-center restrictions, so the longer-term policy impact is not yet clear. Why Alphabet Stock Popped on Wednesday
• Positive Sentiment: AI demand remains a growth opportunity: Alphabet’s earnings-call coverage highlighted strong cloud demand and TPU sales, while Anthropic’s reported commitment to spend with Google could support future infrastructure demand. GOOGL Q3 Earnings Call Highlights AI Growth and Spending Pressures
• Neutral Sentiment: Google plans to invest $15 billion in Malaysia over 2027–28 to expand data-center and digital infrastructure. This could build capacity for AI and cloud growth, but adds to already elevated investment needs. Google to Invest $15 Billion in Malaysia Over Two Years
• Neutral Sentiment: OpenAI says ChatGPT’s search volume is about one-fifth of Google’s. The comparison has been questioned for lacking a clear baseline, but it underscores the competitive risk to Search. OpenAI Says ChatGPT’s Search Volume Is Now a Fifth of Google’s
• Negative Sentiment: Spending pressure remains a key concern: reports say free cash flow fell below expectations as Alphabet invests heavily in AI infrastructure, and the supplied earnings figures show quarterly EPS missed the consensus estimate. Alphabet’s Free Cash Flow Is Declining Faster Than Analysts Expected
• Negative Sentiment: Google is facing backlash over school accounts that link access to Search with access to AI features, creating reputational and potential policy risk. Separately, law firms are publicizing a securities class action alleging misrepresentations about Gemini development; the claims are allegations, not findings. Google Faces Backlash Over School Search Policy

Insider Buying and Selling at Alphabet

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

Alphabet Company Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.

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