Alta Advisers Ltd Purchases 19,576 Shares of Alphabet Inc. $GOOGL

Key Points

• Alta Advisers increased its Alphabet stake by 86.7% in the third quarter, adding 19,576 shares and ending the period with 42,155 shares valued at about $14.5 million.
• Analysts maintain a consensus Buy rating and a $412.51 price target, though several firms recently lowered their targets.
• Alphabet’s latest quarterly results fell short of estimates: EPS was $2.12 versus $3.02 expected, and revenue was $127.58 billion versus $127.96 billion forecast.

Alta Advisers Ltd increased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 86.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,155 shares of the information services provider's stock after purchasing an additional 19,576 shares during the period. Alphabet accounts for 2.0% of Alta Advisers Ltd's portfolio, making the stock its 8th biggest position. Alta Advisers Ltd's holdings in Alphabet were worth $14,505,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of 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 buying an additional 12,718,127 shares in the last quarter. Amundi grew its position in shares of Alphabet by 4.6% in the 2nd quarter. Amundi now owns 33,203,350 shares of the information services provider's stock worth $11,865,809,000 after buying an additional 1,457,371 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Alphabet by 10.1% in the 2nd 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 acquiring an additional 1,631,721 shares in the last quarter. Swiss National Bank increased its stake in shares of Alphabet by 7.1% in the 1st quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider's stock worth $4,911,467,000 after acquiring an additional 1,139,400 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake 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 acquiring an additional 8,112,680 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GOOGL shares. Susquehanna lowered their price target on shares of Alphabet from $460.00 to $400.00 and set a "positive" rating for the company in a research report on Thursday, October 29th. Wells Fargo & Company cut their price objective on shares of Alphabet from $417.00 to $371.00 and set an "overweight" rating on the stock in a report on Friday, October 30th. Phillip Securities upgraded shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 27th. Citigroup decreased their target price on shares of Alphabet from $447.00 to $375.00 and set a "buy" rating for the company in a research note on Friday, October 30th. Finally, Pivotal Research reiterated a "buy" rating and set a $475.00 target price (up from $470.00) on shares of Alphabet in a report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Alphabet currently has a consensus rating of "Buy" and a consensus price target of $412.51.

Recent Alphabet Headlines

Investors following GOOGL have been watching these headlines:

• Positive Sentiment: Google Cloud’s reported 103% third-quarter revenue growth and tripling of operating income suggest that Alphabet’s large AI infrastructure investments may be generating returns, bolstering the case for spending despite its scale. Read More.
• Negative Sentiment: Alphabet co-founder Larry Page reportedly plans to sell another $148 million in shares. Insider sales can weigh on sentiment, although a sale alone does not establish a change in the company’s outlook. Read More.
• Negative Sentiment: A securities class action covering investors who bought Alphabet shares from May 19 to July 16, 2026, is prompting new law-firm notices. The lawsuit adds legal and reputational risk; the allegations have not been established in court. Read More.

Insiders Place Their Bets

In related news, Director Frances Arnold sold 83 shares of the company'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 directly 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 legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 247 shares of company stock valued at $79,238. 11.61% of the stock is owned by insiders.

Alphabet Stock Down 1.0%

Shares of Alphabet stock opened at $295.77 on Friday. The company has a 50-day simple moving average of $328.18 and a two-hundred day simple moving average of $338.01. The stock has a market capitalization of $3.64 trillion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 0.90 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 company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing analysts' consensus estimates of $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The firm had revenue of $127.58 billion for the quarter, compared to analysts' expectations of $127.96 billion. On average, analysts anticipate that Alphabet Inc. will post 19.81 EPS for the current fiscal year.

Alphabet Announces Dividend

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

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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