BOCHK Asset Management Ltd Increases Stock Holdings in Alphabet Inc. $GOOGL

Key Points

• BOCHK Asset Management Ltd boosted its Alphabet stake by 65.8% in Q4, buying 10,000 shares to hold 25,200 shares (worth $7.888 million), making Alphabet its 3rd-largest holding at 2.1% of the portfolio.
• Other major institutions also increased positions and institutional ownership sits around 40%; recent product and deal news — including new TPU 8t/8i AI chips, the Gemini Enterprise Agent Platform, and a $1 billion Merck–Google Cloud partnership — plus analyst target upgrades have lifted sentiment toward the stock.
• Alphabet is trading higher (up ~2.1%), with a market cap of $4.10 trillion, a P/E of 31.39 and a recent quarterly beat, pays a $0.21 quarterly dividend (yield ~0.2%), but insiders have sold roughly 2.04 million shares (~$94.2M) in the last 90 days.

BOCHK Asset Management Ltd grew its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 65.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,200 shares of the information services provider's stock after buying an additional 10,000 shares during the quarter. Alphabet accounts for 2.1% of BOCHK Asset Management Ltd's holdings, making the stock its 3rd largest holding. BOCHK Asset Management Ltd's holdings in Alphabet were worth $7,888,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. State Street Corp lifted its holdings in shares of Alphabet by 1.8% in the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock worth $40,524,841,000 after buying an additional 4,008,374 shares during the period. Capital World Investors lifted its holdings in shares of Alphabet by 28.0% in the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock worth $12,910,542,000 after buying an additional 11,605,785 shares during the period. Capital Research Global Investors lifted its holdings in shares of Alphabet by 15.7% in the 3rd quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider's stock worth $12,333,076,000 after buying an additional 6,874,381 shares during the period. Invesco Ltd. lifted its holdings in shares of Alphabet by 2.3% in the 3rd quarter. Invesco Ltd. now owns 45,186,112 shares of the information services provider's stock worth $10,984,744,000 after buying an additional 1,034,292 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of Alphabet by 1.0% in the 3rd quarter. Legal & General Group Plc now owns 39,250,829 shares of the information services provider's stock worth $9,541,877,000 after buying an additional 392,547 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet unveiled two new custom AI chips — a TPU 8t for training and a TPU 8i for inference — positioned to lower cloud AI costs and compete with Nvidia on infrastructure. This supports cloud margin expansion and hardware/service revenue upside. Article Title
• Positive Sentiment: Google launched the Gemini Enterprise Agent Platform to build and deploy agentic AI for businesses — a strategic product aimed at monetizing generative AI across large enterprises and driving Google Cloud adoption. Article Title
• Positive Sentiment: Google Cloud committed a $750 million partner fund to accelerate agentic AI adoption among consulting, SI and software partners — an investment that can speed customer deployments and lift services revenue. Article Title
• Positive Sentiment: Merck announced a multiyear partnership, investing up to $1 billion in Google Cloud to deploy AI across R&D, manufacturing and commercial operations — a material enterprise win that validates Google’s enterprise AI stack. Article Title
• Positive Sentiment: Product integrations expand monetization vectors: major Workspace AI updates (drafting/Sheets automation) and Chrome “auto browse” enterprise features embed Gemini into user workflows, increasing stickiness and upsell potential. Article Title Article Title
• Positive Sentiment: Multiple analyst updates raised targets (BMO to $410; Cantor Fitzgerald and KeyCorp also raised targets), reflecting increased sell-side conviction about Alphabet’s AI/cash-flow upside. That analyst momentum often amplifies positive price reaction. Article Title
• Neutral Sentiment: Ecosystem and security partners (Exabeam, Vodafone, Thinking Machines Lab expansion) showed integrations and vendor deals that ease enterprise adoption but are longer‑term revenue drivers rather than immediate catalysts. Article Title
• Negative Sentiment: Offsetting items: a small insider sell note was reported, which prompted modest near-term selling pressure for some investors. Insider moves can weigh on sentiment even as fundamentals improve. Article Title

Alphabet Trading Up 2.1%

Shares of NASDAQ GOOGL opened at $339.32 on Thursday. The business has a fifty day moving average price of $307.93 and a 200 day moving average price of $303.68. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. Alphabet Inc. has a 1-year low of $147.84 and a 1-year high of $349.00. The stock has a market capitalization of $4.10 trillion, a P/E ratio of 31.39, a price-to-earnings-growth ratio of 2.05 and a beta of 1.12.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.57 by $0.25. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The company had revenue of $113.83 billion during the quarter, compared to analysts' expectations of $111.24 billion. Equities research analysts expect that Alphabet Inc. will post 11.53 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were paid a $0.21 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.2%. Alphabet's dividend payout ratio (DPR) is 7.77%.

Insider Buying and Selling

In other Alphabet news, insider John Kent Walker sold 8,993 shares of the stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $275.89, for a total value of $2,481,078.77. Following the completion of the sale, the insider directly owned 51,808 shares in the company, valued at approximately $14,293,309.12. This trade represents a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 617 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the sale, the chief accounting officer owned 10,093 shares of the company's stock, valued at approximately $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,037,294 shares of company stock valued at $94,216,897 in the last 90 days. 11.64% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GOOGL. Citizens Jmp reiterated a "market outperform" rating and issued a $385.00 target price on shares of Alphabet in a report on Monday, April 13th. Pivotal Research upped their target price on Alphabet from $400.00 to $420.00 and gave the stock a "buy" rating in a report on Thursday, February 5th. China Renaissance upped their target price on Alphabet from $330.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, February 6th. Stifel Nicolaus decreased their price objective on Alphabet from $395.00 to $387.00 and set a "buy" rating for the company in a research note on Monday, April 13th. Finally, BMO Capital Markets upped their price objective on Alphabet from $400.00 to $410.00 and gave the stock an "outperform" rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and an average target price of $369.67.

Alphabet Company Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google's core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google's consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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