Mirae Asset Global Investments Co. Ltd. Purchases 4,687,002 Shares of Alphabet Inc. $GOOGL

Key Points

• Mirae Asset Global Investments initiated a major Alphabet position, buying 4.69 million shares worth about $1.61 billion in the third quarter. Alphabet now represents 2.9% of its portfolio and is its fifth-largest holding.
• Alphabet reported quarterly EPS of $2.12, missing the $3.02 analyst consensus; revenue of $127.58 billion also came in slightly below estimates. The company declared a quarterly dividend of $0.22 per share.
• Analysts maintain a consensus Buy rating with a $412.51 average price target, though several firms recently lowered their targets. Google’s expanded AI-chip lineup offers a potential growth opportunity, while slower AI-search monetization, infrastructure spending and a Waymo safety investigation pose risks.

Mirae Asset Global Investments Co. Ltd. acquired a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,687,002 shares of the information services provider's stock, valued at approximately $1,612,704,000. Alphabet makes up 2.9% of Mirae Asset Global Investments Co. Ltd.'s holdings, making the stock its 5th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Titleist Asset Management LLC lifted its holdings in shares of Alphabet by 6.4% in the 3rd quarter. Titleist Asset Management LLC now owns 34,613 shares of the information services provider's stock worth $11,909,000 after acquiring an additional 2,096 shares during the last quarter. Elefante Mark B grew its holdings in shares of Alphabet by 4.5% during the 2nd quarter. Elefante Mark B now owns 43,733 shares of the information services provider's stock valued at $15,629,000 after purchasing an additional 1,897 shares during the last quarter. Nwam LLC raised its position in Alphabet by 19.6% in the 1st quarter. Nwam LLC now owns 49,128 shares of the information services provider's stock worth $14,127,000 after purchasing an additional 8,055 shares during the period. WCM Investment Management LLC raised its position in Alphabet by 287.4% in the 1st quarter. WCM Investment Management LLC now owns 3,886 shares of the information services provider's stock worth $1,063,000 after purchasing an additional 2,883 shares during the period. Finally, Spinnaker Investment Group LLC raised its position in Alphabet by 51.4% in the 2nd quarter. Spinnaker Investment Group LLC now owns 4,759 shares of the information services provider's stock worth $1,701,000 after purchasing an additional 1,616 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insiders Place Their Bets

In other news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the sale, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 247 shares of company stock valued at $79,238. Company insiders own 11.61% of the company's stock.

Alphabet Trading Up 1.2%

Shares of GOOGL opened at $288.15 on Tuesday. The stock has a market capitalization of $3.52 trillion, a P/E ratio of 15.04, a PEG ratio of 0.87 and a beta of 1.23. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $331.76 and a two-hundred day simple moving average of $338.77. Alphabet Inc. has a twelve month low of $270.70 and a twelve month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.02 by ($0.90). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The firm had revenue of $127.58 billion during the quarter, compared to the consensus estimate of $127.96 billion. On average, research analysts anticipate that Alphabet Inc. will post 19.86 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, December 7th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet's dividend payout ratio is currently 4.59%.

Analysts Set New Price Targets

GOOGL has been the subject of several analyst reports. Rosenblatt Securities cut their price target on shares of Alphabet from $410.00 to $380.00 and set a "buy" rating for the company in a research report on Thursday, October 29th. Piper Sandler set a $345.00 price objective on Alphabet and gave the stock an "overweight" rating in a report on Thursday, October 29th. Wall Street Zen downgraded Alphabet from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. KeyCorp dropped their target price on Alphabet from $410.00 to $385.00 and set an "overweight" rating for the company in a report on Thursday, October 29th. Finally, Wedbush reduced their price target on Alphabet from $445.00 to $387.00 and set an "outperform" rating on the stock in a research report on Thursday, October 29th. Five research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Alphabet has an average rating of "Buy" and a consensus price target of $412.51.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google introduced two new versions of its eighth-generation Tensor Processing Units, broadening its AI-chip offerings and sharpening its challenge to Nvidia. Investors may see custom chips as a way to support Google Cloud growth and reduce reliance on outside suppliers. Alphabet stock rises as Google expands AI chip lineup to challenge Nvidia
• Neutral Sentiment: JPMorgan removed Alphabet from its Analyst Focus List but maintained an Overweight rating. The firm cited slower AI-search monetization and substantial infrastructure spending, highlighting execution risks without changing its overall positive rating. JPMorgan Just Removed Alphabet From Its Analyst Focus List
• Negative Sentiment: Federal safety regulators opened a new investigation into Waymo after reports that its robotaxis continued to pass stopped school buses despite a prior software fix. The probe could bring regulatory, reputational or operational costs for Alphabet’s autonomous-driving business. Waymo robotaxis kept illegally passing school buses after software fix, feds say
• Negative Sentiment: Several law firms publicized an existing securities class action concerning Alphabet investors who bought shares from May 19 to July 16, 2026. The lawsuit alleges investors were misled about the Gemini 3.5 Pro launch timeline; the lead-plaintiff deadlines are November 30 or December 1. Repeated notices may add legal overhang, though they are not new court findings. Alphabet Deadline Alert: Levi & Korsinsky Reminds Investors of Securities Class Action Deadline

Alphabet 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.

Alphabet serves consumers, businesses and organizations around the world.

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