Impax Asset Management Group plc Acquires 12,415 Shares of Alphabet Inc. $GOOG

Key Points

• Impax Asset Management increased its stake in Alphabet by 23.8% in Q4, buying 12,415 shares to hold 64,630 shares worth about $20.28 million at quarter-end.
• Alphabet posted a strong Q1 beat, reporting $5.11 EPS vs. $2.68 expected and $109.9 billion in revenue (up 21.8% YoY), with high margins that have boosted analyst optimism.
• Key positive catalysts include a reported ~$200 billion multi‑year Anthropic commitment to Google Cloud and multiple analyst price‑target upgrades (consensus target ~$362.73), while the company also raised its quarterly dividend to $0.22.

Impax Asset Management Group plc raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 23.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,630 shares of the information services provider's stock after purchasing an additional 12,415 shares during the quarter. Impax Asset Management Group plc's holdings in Alphabet were worth $20,281,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Equita Financial Network Inc. grew its holdings in shares of Alphabet by 113.7% in the fourth quarter. Equita Financial Network Inc. now owns 2,244 shares of the information services provider's stock worth $704,000 after purchasing an additional 1,194 shares during the last quarter. Klingman & Associates LLC lifted its holdings in Alphabet by 0.5% during the 4th quarter. Klingman & Associates LLC now owns 30,611 shares of the information services provider's stock valued at $9,606,000 after buying an additional 152 shares in the last quarter. Solidarity Wealth LLC boosted its position in Alphabet by 0.5% in the 4th quarter. Solidarity Wealth LLC now owns 9,019 shares of the information services provider's stock valued at $2,830,000 after buying an additional 45 shares during the period. Concurrent Investment Advisors LLC boosted its position in Alphabet by 94.0% in the 4th quarter. Concurrent Investment Advisors LLC now owns 278,195 shares of the information services provider's stock valued at $87,298,000 after buying an additional 134,781 shares during the period. Finally, Kercheville Advisors LLC grew its stake in Alphabet by 0.9% in the 4th quarter. Kercheville Advisors LLC now owns 58,374 shares of the information services provider's stock worth $19,312,000 after acquiring an additional 510 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Trading Up 1.2%

GOOG opened at $384.34 on Wednesday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.65 trillion, a price-to-earnings ratio of 29.32, a PEG ratio of 1.62 and a beta of 1.25. Alphabet Inc. has a 12 month low of $149.49 and a 12 month high of $388.96. The stock has a fifty day moving average price of $313.83 and a 200-day moving average price of $309.58.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $2.43. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm's quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.81 earnings per share. As a group, equities research analysts anticipate that Alphabet Inc. will post 13.72 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be issued a $0.22 dividend. This is an increase from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. Alphabet's dividend payout ratio is presently 6.41%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Reported huge Anthropic commitment to Google Cloud — The Information/Reuters reported Anthropic has agreed to spend roughly $200 billion with Google Cloud over multiple years, a deal that would materially boost cloud bookings and long‑term revenue visibility. Anthropic commits $200B to Google Cloud (Reuters)
• Positive Sentiment: Analysts turning more bullish and lifting price targets — Multiple firms have raised targets (including a street‑high $515 note), citing AI upside, custom models and accelerating cloud monetization, supporting higher valuation multiples. Analyst $515 target (TipRanks)
• Positive Sentiment: Record highs and strong Q1 fundamentals — Investors are pricing in Q1 beats (EPS and revenue), 60%+ cloud growth and a ballooning cloud backlog that underpins multi‑year revenue conversion. That momentum is driving buying interest. Alphabet hits record highs (Yahoo)
• Positive Sentiment: Product / infrastructure moves could expand addressable market — Google moving to sell TPUs directly and scale AI compute options could accelerate revenue capture and challenge competitors in AI infrastructure. Google to sell TPUs directly (247WallSt)
• Neutral Sentiment: U.S. government access and stress‑testing of AI models — The administration expanded programs to let government scientists and agencies review unreleased models (including DeepMind) to assess risks; this is a mix of oversight and validation. US stress tests of AI models (Reuters)
• Neutral Sentiment: Capital markets: large euro bond sale with strong demand — Alphabet tapped the euro market with a multi‑tranche offering to fund AI infrastructure; strong order books reduce financing risk but also highlight heavy near‑term CapEx plans. Euro bond offering (Reuters)
• Negative Sentiment: Employee unrest and DoD/defense work — DeepMind staff have pushed for union recognition and protested military contracts; classified DoD engagements raise reputational and retention risks that could affect operations. DeepMind union vote over military deals (Business Insider)
• Negative Sentiment: Regulatory/privacy push in EU — A top Google scientist warned that EU proposals to share search data with rivals could expose user data, signaling potential regulatory headwinds and business model risk if rules tighten. EU data sharing concerns (Reuters)

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $303.92, for a total transaction of $9,877,400.00. Following the sale, the chief executive officer owned 2,818,524 shares in the company, valued at approximately $856,605,814.08. The trade was a 1.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the company's stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total transaction of $348,232.50. Following the transaction, the director owned 3,581 shares in the company, valued at approximately $1,187,638.65. This trade represents a 22.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 158,553 shares of company stock valued at $47,951,856 over the last three months. Company insiders own 12.99% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on GOOG shares. UBS Group reiterated a "neutral" rating and issued a $348.00 price target (up from $345.00) on shares of Alphabet in a report on Thursday, February 12th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research report on Monday, April 20th. Piper Sandler reiterated an "overweight" rating and issued a $395.00 target price on shares of Alphabet in a report on Thursday, February 5th. Royal Bank Of Canada reissued an "outperform" rating and set a $375.00 price target on shares of Alphabet in a research report on Thursday, January 15th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $400.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Alphabet has an average rating of "Buy" and a consensus price target of $362.73.

About Alphabet

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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