BOCHK Asset Management Ltd Purchases 32,846 Shares of Alphabet Inc. $GOOGL

Key Points

• BOCHK Asset Management increased its Alphabet stake by 36.7%, buying 32,846 shares in the third quarter to hold 122,446 shares valued at about $42.1 million. Alphabet represents 5.9% of its portfolio and is its fourth-largest holding.
• Other institutions have also made recent purchases, and institutional investors collectively own about 40% of Alphabet. Company insiders sold 247 shares worth roughly $79,000 over the past 90 days.
• Alphabet’s latest quarterly results fell short of consensus estimates for both earnings per share and revenue. Analysts overall remain positive, with a consensus “Buy” rating, while the article flags concerns about AI spending and monetization.

BOCHK Asset Management Ltd increased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 36.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 122,446 shares of the information services provider's stock after purchasing an additional 32,846 shares during the quarter. Alphabet makes up 5.9% of BOCHK Asset Management Ltd's portfolio, making the stock its 4th largest holding. BOCHK Asset Management Ltd's holdings in Alphabet were worth $42,131,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. EMC Capital Management bought a new position in shares of Alphabet during the 2nd quarter worth about $35,000. Core Capital Management & Research inc. acquired a new stake in shares of Alphabet during the 2nd quarter valued at about $41,000. Intelligent Financial Strategies acquired a new stake in shares of Alphabet during the 3rd quarter valued at about $41,000. Premier Financial Group bought a new stake in Alphabet in the second quarter valued at about $45,000. Finally, Graney & King LLC increased its stake in Alphabet by 38.5% in the second quarter. Graney & King LLC now owns 180 shares of the information services provider's stock valued at $64,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 83 shares of the company's stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the transaction, the director owned 19,076 shares in the company, valued at $6,494,424.20. This represents a 0.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 247 shares of company stock worth $79,238. 11.61% of the stock is owned by corporate insiders.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Anthropic investment and cloud exposure: Google plans to invest $10 billion in Anthropic at its IPO, adding to Alphabet’s existing stake. Anthropic also has sizable Google Cloud commitments, potentially supporting cloud revenue through computing and marketplace services. Article: Anthropic's Trillion-Dollar IPO Could Give Cloud Giants a Double Win
• Positive Sentiment: AI chips and cloud growth: Google introduced two specialized TPU variants for AI workloads, a move that could reduce reliance on outside chips and broaden Google Cloud’s appeal. Separate coverage highlighted strong Cloud revenue and improved operating margins. Article: Google broadens its AI hardware portfolio Article: Sundar Pichai Just Delivered Stunning News About Google Cloud
• Neutral Sentiment: Pixel Tag launch: Google began selling its $30 Android-compatible item tracker, expanding its consumer hardware lineup, though the immediate financial impact is unclear. Article: Pixel Tag is now available
• Negative Sentiment: AI spending and monetization concerns: Coverage framed accelerating AI investment as a risk if returns do not justify the cost. JPMorgan also removed Alphabet from its analyst focus list, citing slower AI-search monetization and substantial infrastructure spending, while retaining an Overweight rating. Article: Alphabet investors face a new reality as Google's AI spending accelerates Article: JPMorgan Just Removed Alphabet From Its Analyst Focus List
• Negative Sentiment: Securities lawsuit: Multiple law firms publicized a pending class action alleging misrepresentations about the Gemini 3.5 Pro launch timeline. Investors have until around Dec. 1 to seek lead-plaintiff status; the allegations remain claims, not findings of liability. Article: Investors Have Opportunity to Lead Alphabet Securities Fraud Lawsuit

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GOOGL shares. JPMorgan Chase & Co. increased their price target on shares of Alphabet from $420.00 to $425.00 and gave the stock an "overweight" rating in a research report on Thursday, October 15th. Guggenheim reaffirmed a "buy" rating and set a $450.00 price objective on shares of Alphabet in a report on Thursday, October 29th. DZ Bank upgraded Alphabet to a "strong-buy" rating in a research note on Thursday, July 23rd. BMO Capital Markets reissued an "outperform" rating and issued a $480.00 target price (up from $465.00) on shares of Alphabet in a report on Tuesday, October 20th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $385.00 target price on shares of Alphabet in a report on Thursday, October 29th. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $412.51.

Alphabet Trading Down 0.3%

Shares of GOOGL opened at $287.38 on Wednesday. The stock has a fifty day moving average price of $330.72 and a two-hundred day moving average price of $338.55. 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 Inc. has a 52-week low of $270.70 and a 52-week high of $408.61. The company has a market cap of $3.53 trillion, a price-to-earnings ratio of 15.00, a PEG ratio of 0.87 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.90). The business had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.96 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. Analysts predict that Alphabet Inc. will post 19.81 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 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%.

Alphabet Company 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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