Alphabet Inc. $GOOGL Stock Holdings Cut by Ninety One UK Ltd

Key Points

• Ninety One UK Ltd reduced its Alphabet stake by 5.8% in the third quarter, selling 394,475 shares and retaining 6.41 million shares valued at approximately $2.21 billion.
• Other major institutions increased their positions, while hedge funds and institutional investors collectively own about 40.03% of Alphabet.
• Analysts remain broadly bullish, with Alphabet carrying a “Buy” consensus rating and an average price target of $425.04; recent earnings also exceeded expectations on both revenue and EPS.

Ninety One UK Ltd cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,414,773 shares of the information services provider's stock after selling 394,475 shares during the quarter. Alphabet makes up approximately 5.1% of Ninety One UK Ltd's portfolio, making the stock its 3rd largest holding. Ninety One UK Ltd owned 0.05% of Alphabet worth $2,207,195,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its position in Alphabet by 5.6% during 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 purchasing an additional 12,718,127 shares in the last quarter. Diamant Asset Management Inc. lifted its stake in Alphabet by 28,950.0% during the first quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider's stock worth $2,671,986,000 after purchasing an additional 9,259,940 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Alphabet by 90.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider's stock worth $4,900,078,000 after purchasing an additional 8,112,680 shares in the last quarter. Amundi boosted its holdings in shares of Alphabet by 12.7% in the 1st quarter. Amundi now owns 31,745,979 shares of the information services provider's stock worth $9,128,850,000 after purchasing an additional 3,574,810 shares in the last quarter. Finally, Jupiter Topco LLC purchased a new position in shares of Alphabet in the 2nd quarter worth about $1,058,385,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GOOGL has been the topic of several recent research reports. Wells Fargo & Company reiterated an "overweight" rating and set a $417.00 price objective (up from $411.00) on shares of Alphabet in a research report on Tuesday, October 6th. Morgan Stanley set a $400.00 target price on Alphabet and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. boosted their target price on Alphabet from $420.00 to $425.00 and gave the stock an "overweight" rating in a research report on Thursday. Benchmark reaffirmed a "buy" rating on shares of Alphabet in a research note on Thursday, October 1st. Finally, Truist Financial set a $420.00 price target on shares of Alphabet and gave the company a "buy" rating in a research report on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $425.04.

Insider Activity

In related news, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. This trade represents a 1.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frances Arnold sold 83 shares of the firm's 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 transaction, the director owned 19,076 shares in the company, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 420,865 shares of company stock valued at $8,293,477. Insiders own 11.61% of the company's stock.

Alphabet Stock Performance

Alphabet stock opened at $340.59 on Friday. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.17 trillion, a PE ratio of 17.11, a P/E/G ratio of 0.99 and a beta of 1.21. The firm has a fifty day simple moving average of $344.26 and a two-hundred day simple moving average of $351.32. Alphabet Inc. has a twelve month low of $244.15 and a twelve month high of $408.61.

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

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were 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 of this dividend was Friday, September 4th. Alphabet's payout ratio is 4.42%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Strong cloud and AI momentum: Recent commentary highlights approximately 24% overall revenue growth and an 82% increase in Google Cloud, suggesting that cloud demand and AI monetization may be offsetting concerns about rising capital expenditures. Alphabet’s Cloud Surge and AI Dominance Overshadow Capex Fears
• Positive Sentiment: JPMorgan remains bullish: JPMorgan raised its Alphabet price target to $425 from $420 and maintained an “overweight” rating, implying significant upside from the referenced price. The firm believes Google can withstand fears that generative AI will disrupt Search. JPMorgan Alphabet Price Target
• Positive Sentiment: Waymo expansion: Alphabet’s autonomous-driving unit received approval to participate in Ontario’s automated-vehicle pilot program and is targeting a Toronto robotaxi launch in 2028, expanding a potential long-term growth business. Waymo Toronto Robotaxi Launch
• Positive Sentiment: Additional product and technology catalysts: Google launched its Universal Cart shopping tool in the U.S., while reports of progress in quantum-computing error reduction and a multiyear CNN AI partnership support Alphabet’s efforts to broaden AI-related revenue.
• Neutral Sentiment: Investor attention is elevated: Zacks reported unusually heavy searches for both GOOGL and GOOG, reflecting strong interest but not necessarily a change in fundamentals.
• Negative Sentiment: Capex and profitability concerns: Investors remain concerned that Alphabet’s large data-center and AI investments could pressure free cash flow and take time to generate adequate returns. A reported multibillion-dollar computing arrangement with SpaceX adds to scrutiny of spending discipline.
• Negative Sentiment: Litigation over AI disclosures: Several law firms publicized a securities-fraud class action covering investors who bought shares from May 19 through July 16, 2026. The allegations reportedly involve representations about Gemini 3.5 Pro training results; the repeated notices add headline and potential liability risk, although they do not establish wrongdoing.
• Negative Sentiment: Other risks: Google warned that suspected China-linked hackers could exploit a BeyondTrust software flaw, while political and regulatory uncertainty could affect Search, advertising and the profits funding Alphabet’s AI buildout.

Alphabet 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.