Mirae Asset Global Investments Co. Ltd. Acquires 319,164 Shares of Alphabet Inc. $GOOGL

Key Points

• Mirae Asset Global Investments increased its Alphabet stake by 7.7% in Q4, buying 319,164 shares to hold 4,486,994 shares worth $1.404 billion, making GOOGL its fourth-largest holding (~3.9% of the portfolio).
• Alphabet beat Q1 expectations with $5.11 EPS vs. $2.64 expected and $109.9B revenue, driven by a ~63% surge in Google Cloud to >$20B, which spurred multiple analyst price-target raises and a consensus "Moderate Buy" target of $397.48.
• Alphabet raised its quarterly dividend to $0.22 (annualized $0.88, ~0.2% yield); the company carries a $4.67 trillion market cap and a P/E of about 29.4.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,486,994 shares of the information services provider's stock after acquiring an additional 319,164 shares during the quarter. Alphabet comprises approximately 3.9% of Mirae Asset Global Investments Co. Ltd.'s holdings, making the stock its 4th biggest holding. Mirae Asset Global Investments Co. Ltd.'s holdings in Alphabet were worth $1,404,429,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PMV Capital Advisers LLC acquired a new stake in Alphabet during the 4th quarter valued at $38,000. Kentucky Trust Co grew its holdings in Alphabet by 142.9% during the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock valued at $53,000 after purchasing an additional 100 shares in the last quarter. iSAM Funds UK Ltd acquired a new stake in Alphabet during the 3rd quarter valued at $53,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Alphabet during the 3rd quarter valued at $53,000. Finally, PayPay Securities Corp grew its holdings in Alphabet by 23.7% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $77,000 after purchasing an additional 47 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 earnings & Google Cloud surge — Alphabet beat on EPS and revenue; Google Cloud grew ~63% to >$20B and backlog jumped near $460B, underpinning earnings momentum and revenue visibility. Alphabet’s Earnings Didn’t Just Beat—They Changed the Story
• Positive Sentiment: Wall Street re-rating — Dozens of brokers raised price targets and reiterated buy/outperform views (Goldman, JPMorgan, Citi, Canaccord, etc.), lifting upside expectations and supporting momentum. JPMorgan price target note
• Positive Sentiment: Product & monetization catalysts — Gemini rollout into millions of vehicles and comments about ads in AI-driven Search/Gemini expand potential ad & cloud monetization paths. Google's Gemini hits cars
• Positive Sentiment: Commercial & government demand — The Pentagon signed agreements with leading AI vendors (including Google) to deploy AI tools on classified networks, validating enterprise/government demand for secure AI infrastructure. Pentagon AI agreements
• Positive Sentiment: Market narrative uplift — Coverage arguing Alphabet could challenge Nvidia for top market-cap status and that Google is “winning” the AI cycle is driving momentum flows and investor positioning. Barron's: The First $6 Trillion Company May Not Be Nvidia
• Neutral Sentiment: CapEx trajectory — Management signaled materially higher CapEx into 2027 to support AI/data centers; that supports future growth but raises near-term investment intensity and cash needs. Seeking Alpha: CapEx concerns
• Negative Sentiment: Regulatory/legal risk — European scrutiny is rising: Italy asked the EU to investigate Google’s AI search features and Swiss regulators opened probes related to keyword bidding; these could lead to fines, remedies or product constraints. Italy asks EU to investigate Google AI search Switzerland probe

Alphabet Trading Up 0.2%

NASDAQ GOOGL opened at $385.69 on Friday. Alphabet Inc. has a 12 month low of $147.84 and a 12 month high of $386.76. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 2.01. The company has a market capitalization of $4.67 trillion, a price-to-earnings ratio of 29.42, a price-to-earnings-growth ratio of 2.37 and a beta of 1.12. The company's fifty day moving average price is $313.72 and its two-hundred day moving average price is $307.81.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating analysts' consensus estimates of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. As a group, research analysts predict that Alphabet Inc. will post 11.62 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. This is a positive change from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet's payout ratio is currently 6.71%.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O'toole sold 955 shares of the firm's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total value of $284,590.00. Following the transaction, the chief accounting officer directly owned 9,918 shares in the company, valued at approximately $2,955,564. This trade represents a 8.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $303.41, for a total transaction of $318,580.50. Following the completion of the transaction, the director owned 4,631 shares in the company, valued at approximately $1,405,091.71. The trade was a 18.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 191,986 shares of company stock valued at $59,159,207. Corporate insiders own 11.64% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on GOOGL. Jefferies Financial Group reaffirmed a "buy" rating on shares of Alphabet in a report on Friday, April 24th. Rothschild & Co Redburn raised their price target on shares of Alphabet from $390.00 to $430.00 and gave the company a "buy" rating in a report on Thursday. Stifel Nicolaus set a $420.00 price target on shares of Alphabet and gave the company a "buy" rating in a report on Thursday. Canaccord Genuity Group raised their price target on shares of Alphabet from $415.00 to $450.00 and gave the company a "buy" rating in a report on Thursday. Finally, Arete Research raised their price target on shares of Alphabet from $380.00 to $405.00 and gave the company a "buy" rating in a report on Wednesday, February 11th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $397.48.

Alphabet 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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