Greenwoods Asset Management Hong Kong Ltd. Has $646.97 Million Stake in Alphabet Inc. $GOOGL

Key Points

• Greenwoods Asset Management Hong Kong Ltd. cut its Alphabet stake by 38% in the second quarter, selling 1.11 million shares. It still held 1.81 million shares worth approximately $646.97 million, representing 29.6% of its portfolio.
• Other institutional investors generally increased their Alphabet holdings, with hedge funds and institutions collectively owning 40.03% of the stock.
• Alphabet reported quarterly revenue of $119.8 billion and earnings per share of $9.11, exceeding analyst expectations. Analysts maintain a consensus “Buy” rating with an average price target of $420.19, while the company pays a quarterly dividend of $0.22.

Greenwoods Asset Management Hong Kong Ltd. decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 38.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,810,357 shares of the information services provider's stock after selling 1,111,277 shares during the period. Alphabet makes up approximately 29.6% of Greenwoods Asset Management Hong Kong Ltd.'s investment portfolio, making the stock its biggest position. Greenwoods Asset Management Hong Kong Ltd.'s holdings in Alphabet were worth $646,967,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in 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 during the last quarter. Beverly Hills Private Wealth LLC boosted its position in shares of Alphabet by 2.0% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 19,396 shares of the information services provider's stock valued at $6,932,000 after acquiring an additional 381 shares during the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of Alphabet by 8.4% during the 2nd quarter. OneDigital Investment Advisors LLC now owns 232,907 shares of the information services provider's stock valued at $83,234,000 after acquiring an additional 18,113 shares during the last quarter. Plato Investment Management Ltd grew its holdings in shares of Alphabet by 4.6% in the second quarter. Plato Investment Management Ltd now owns 143,346 shares of the information services provider's stock valued at $50,929,000 after purchasing an additional 6,240 shares in the last quarter. Finally, Bell Investment Advisors Inc grew its holdings in shares of Alphabet by 6.6% in the second quarter. Bell Investment Advisors Inc now owns 10,307 shares of the information services provider's stock valued at $3,684,000 after purchasing an additional 635 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Price Performance

GOOGL opened at $349.39 on Tuesday. The business has a fifty day moving average of $346.41 and a 200 day moving average of $344.15. The stock has a market cap of $4.27 trillion, a P/E ratio of 17.55, a PEG ratio of 0.98 and a beta of 1.22. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 52-week low of $235.84 and a 52-week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. As a group, sell-side analysts anticipate that Alphabet Inc. will post 20.52 EPS for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were issued a $0.22 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's dividend payout ratio is presently 4.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GOOGL shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of Alphabet in a research note on Monday, June 22nd. Zacks Research cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Rosenblatt Securities restated a "buy" rating and issued a $410.00 target price on shares of Alphabet in a report on Thursday, September 3rd. UBS Group lowered their price target on shares of Alphabet from $400.00 to $379.00 and set a "neutral" rating for the company in a report on Thursday, July 23rd. Finally, Arete Research lifted their price target on Alphabet from $405.00 to $425.00 and gave the stock a "buy" rating in a research report on Monday, May 18th. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $420.19.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud remains a major growth catalyst. Alphabet’s cloud backlog reportedly reached $514 billion after second-quarter revenue growth of 82%, reinforcing expectations that Cloud could become a larger long-term earnings driver alongside Search. Alphabet cloud backlog article
• Positive Sentiment: AI concerns are benefiting Alphabet relative to some peers. Alphabet and Meta have attracted investor interest even as concerns about excessive frontier-model spending weigh on parts of the technology sector. A possible slowdown could favor established platforms with strong cash flows, distribution and proprietary infrastructure. Google and Meta AI concerns article
• Positive Sentiment: Waymo is expanding commercially. Alphabet’s autonomous-driving unit has begun offering robotaxi rides to the general public in Las Vegas, its first Nevada market, expanding a potential future growth business. Waymo Las Vegas article
• Positive Sentiment: Alphabet is broadening its AI ecosystem. Giving engineers access to Anthropic’s Claude may improve coding productivity and reflects Alphabet’s investment exposure to Anthropic, although Claude also competes with Google’s own AI models. Google Claude access article
• Neutral Sentiment: Technical momentum is improving. Stockton believes Alphabet may be emerging from its multi-month correction, while recent commentary highlights its cloud position, YouTube scale and custom AI chips as potential competitive advantages.
• Negative Sentiment: AI infrastructure spending is pressuring capital returns. Reports say Alphabet has halted buybacks, its share count is rising and debt has increased as it funds data centers, energy contracts and AI capacity. Local opposition to new data centers could also raise costs or delay projects. Big Tech buybacks article
• Negative Sentiment: Investor sentiment faces legal overhang. Multiple law firms are publicizing securities-fraud investigations involving Alphabet. These announcements do not establish wrongdoing but could add volatility and potential litigation risk. Alphabet securities investigation article

Insider Activity at Alphabet

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the sale, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at $9,125,015.20. The trade was a 1.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the company's stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 450,875 shares of company stock worth $11,984,482. 11.61% of the stock is currently owned by corporate insiders.

About Alphabet

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet's largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.

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