Mn Services Vermogensbeheer B.V. Buys 7,300 Shares of Alphabet Inc. $GOOG

Key Points

• Mn Services Vermogensbeheer increased its Alphabet stake by 1.2%, purchasing 7,300 shares to bring its holdings to 607,377 shares valued at approximately $207 million. Institutional investors own 27.26% of Alphabet.
• Alphabet reported strong quarterly results, with revenue up 24.2% year over year to $119.8 billion and EPS of $9.11, well above the $2.87 consensus estimate. The company also pays a quarterly dividend of $0.22 per share.
• Wall Street remains broadly bullish, with a consensus “Buy” rating and an average price target of $421.95 versus the reported share price near $344.86. Analysts cited Alphabet’s AI growth, data-center investments and expanding nonadvertising businesses as potential catalysts.

Mn Services Vermogensbeheer B.V. boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 607,377 shares of the information services provider's stock after acquiring an additional 7,300 shares during the quarter. Alphabet makes up approximately 1.5% of Mn Services Vermogensbeheer B.V.'s holdings, making the stock its 13th biggest holding. Mn Services Vermogensbeheer B.V.'s holdings in Alphabet were worth $206,958,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Providence Wealth Advisors LLC grew its stake in shares of Alphabet by 0.3% during the first quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider's stock valued at $3,094,000 after purchasing an additional 29 shares during the last quarter. One Charles Private Wealth Services LLC raised its position in Alphabet by 0.6% in the 1st quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider's stock worth $1,390,000 after purchasing an additional 29 shares during the last quarter. Wisconsin Wealth Advisors LLC raised its position in Alphabet by 1.3% in the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider's stock worth $785,000 after purchasing an additional 29 shares during the last quarter. Financial Enhancement Group LLC lifted its holdings in Alphabet by 2.3% during the 1st quarter. Financial Enhancement Group LLC now owns 1,323 shares of the information services provider's stock worth $380,000 after buying an additional 30 shares in the last quarter. Finally, Johnson Wealth Management LLC boosted its position in Alphabet by 1.7% in the 2nd quarter. Johnson Wealth Management LLC now owns 1,842 shares of the information services provider's stock valued at $651,000 after buying an additional 30 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Alphabet Trading Down 0.7%

NASDAQ:GOOG opened at $344.86 on Friday. Alphabet Inc. has a fifty-two week low of $236.68 and a fifty-two week high of $404.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The stock has a market capitalization of $4.22 trillion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 1.01 and a beta of 1.19. The business's 50-day simple moving average is $343.14 and its 200-day simple moving average is $346.75.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The business had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. During the same period in the previous year, the firm earned $2.31 EPS. Alphabet's quarterly revenue was up 24.2% compared to the same quarter last year. Sell-side analysts expect that Alphabet Inc. will post 20.55 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GOOG shares. HSBC set a $515.00 target price on Alphabet in a research note on Friday, August 14th. China Renaissance decreased their price target on Alphabet from $485.00 to $445.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Barclays reiterated an "overweight" rating and issued a $425.00 price objective (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Piper Sandler upped their target price on shares of Alphabet from $395.00 to $400.00 and gave the company an "overweight" rating in a research report on Monday, September 28th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research note on Friday, July 17th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $421.95.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Gemini agent launch strengthens Alphabet’s enterprise AI position. Google introduced an agentic Gemini assistant that can complete tasks across workplace applications, increasing its competitive challenge to Microsoft and OpenAI and potentially supporting Google Cloud and Workspace growth. Google brings agentic AI to Gemini
• Positive Sentiment: AI infrastructure and adjacent businesses continue to expand. Alphabet-backed Waymo secured $5 billion in debt financing to accelerate robotaxi expansion, while Isomorphic Labs is reportedly seeking funding at a valuation of $40 billion to $50 billion. These developments highlight potential value in Alphabet’s nonadvertising businesses. Waymo $5 billion loan
• Positive Sentiment: Long-term power deals support data-center expansion. Alphabet is financing a $1.8 billion Black Hills project in Wyoming and has agreed to a long-term nuclear power arrangement with Constellation Energy. Securing dedicated electricity could reduce a major bottleneck for AI and cloud capacity. Alphabet Black Hills power deal
• Positive Sentiment: Analyst sentiment remains broadly favorable. Reports point to Alphabet’s comparatively modest valuation, accelerating revenue growth, and expectations that the stock can recover toward prior highs. Its Google-Unity AI gaming partnership also creates a potential new creator and platform ecosystem. Alphabet analyst sentiment

Insider Buying and Selling

In related news, Director Frances Arnold sold 83 shares of the firm's stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the sale, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 441,399 shares of company stock worth $8,677,053 over the last ninety days. Company insiders own 12.99% of the company's stock.

Alphabet Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet's chief executive officer and also leads Google.

Google is Alphabet's primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.

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