Alphabet Inc. $GOOGL Stock Sold by Ninety One North America Inc.

Key Points

• Ninety One North America reduced its Alphabet position by 5.2%, selling 14,355 shares and retaining 262,289 shares valued at approximately $90.25 million. Alphabet remains the firm’s third-largest holding and represents about 4.6% of its portfolio.
• Other major institutional investors, including State Street, Amundi and Mitsubishi UFJ, increased their Alphabet holdings; institutions and hedge funds collectively own about 40.03% of the company.
• Alphabet continues to show strong operating momentum, with reported revenue of $119.8 billion and robust cloud and AI growth, while analysts maintain a consensus “Buy” rating and an average price target of $425.04. Investors remain focused on high AI-related capital spending, litigation and regulatory risks.

Ninety One North America Inc. lessened its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 262,289 shares of the information services provider's stock after selling 14,355 shares during the period. Alphabet comprises approximately 4.6% of Ninety One North America Inc.'s holdings, making the stock its 3rd biggest holding. Ninety One North America Inc.'s holdings in Alphabet were worth $90,248,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp lifted its holdings in Alphabet by 5.6% during the 2nd 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 during the last quarter. Invesco Ltd. boosted its position in Alphabet by 0.5% in the fourth quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider's stock valued at $14,208,470,000 after buying an additional 208,362 shares in the last quarter. Amundi boosted its position in Alphabet by 4.6% in the second quarter. Amundi now owns 33,203,350 shares of the information services provider's stock valued at $11,865,809,000 after buying an additional 1,457,371 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Alphabet by 10.1% during 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 buying an additional 1,631,721 shares during the last quarter. Finally, Swiss National Bank grew its stake in Alphabet by 7.1% during the first quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider's stock worth $4,911,467,000 after buying an additional 1,139,400 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet News Summary

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 Price Performance

Shares of NASDAQ GOOGL traded down $8.63 during trading on Friday, reaching $340.59. The company had a trading volume of 28,484,155 shares, compared to its average volume of 26,079,582. Alphabet Inc. has a 52 week low of $244.15 and a 52 week high of $408.61. The business's 50 day moving average price is $344.26 and its 200-day moving average price is $351.32. The stock has a market cap of $4.17 trillion, a PE ratio of 17.11, a PEG ratio of 1.01 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.89 by $6.22. The business had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Analysts expect that Alphabet Inc. will post 20.54 earnings per share 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 issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio is currently 4.42%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GOOGL. DA Davidson set a $350.00 price objective on shares of Alphabet and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Morgan Stanley set a $400.00 target price on shares of Alphabet and gave the company an "overweight" rating in a research note on Thursday, July 23rd. UBS Group reissued a "neutral" rating and issued a $380.00 target price (up from $379.00) on shares of Alphabet in a report on Wednesday. Wedbush restated an "outperform" rating and set a $445.00 price target on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Phillip Securities raised Alphabet from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 27th. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $425.04.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 83 shares of the stock in a transaction 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 directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction on Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 420,865 shares of company stock valued at $8,293,477. 11.61% of the stock is currently owned by corporate insiders.

Alphabet Company Profile

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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