National Pension Service Raises Stock Position in Alphabet Inc. $GOOGL

National Pension Service lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,098,297 shares of the information services provider's stock after purchasing an additional 304,920 shares during the quarter. Alphabet makes up about 3.0% of National Pension Service's holdings, making the stock its 5th biggest position. National Pension Service owned approximately 0.11% of Alphabet worth $4,680,938,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GOOGL. Lifetime Wealth Management P.C. acquired a new position in Alphabet during the fourth quarter worth $32,000. EMC Capital Management acquired a new stake in shares of Alphabet in the fourth quarter worth about $33,000. Bard Associates Inc. bought a new stake in shares of Alphabet during the 4th quarter worth about $52,000. Van Den Berg Management I Inc. boosted its stake in shares of Alphabet by 319.6% during the 1st quarter. Van Den Berg Management I Inc. now owns 214 shares of the information services provider's stock worth $61,000 after acquiring an additional 163 shares in the last quarter. Finally, Graney & King LLC increased its holdings in shares of Alphabet by 38.5% during the 2nd quarter. Graney & King LLC now owns 180 shares of the information services provider's stock valued at $64,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet introduced new Gemini voice-AI models, strengthening its push into conversational assistants and potentially expanding Gemini’s consumer and commercial use cases. Alphabet pushes deeper into voice AI with new Gemini models
• Positive Sentiment: Google opened pre-orders for its $899 Googlebook AI laptop, giving Alphabet a potential new hardware channel for Gemini adoption and AI-related revenue growth. Google's $899 Googlebook is a bet that you'll buy a new laptop for Gemini
• Positive Sentiment: Google is lining up additional nuclear power for its AI infrastructure. Georgia Power agreed to upgrades at two nuclear plants that could add about 96 megawatts, while Kairos Power selected Samsung C&T to help build a 50-megawatt demonstration reactor targeted for completion by 2030. These arrangements could improve long-term access to reliable electricity, although the benefits are several years away. Southern Co unit signs deal with Google to add nuclear capacity
• Positive Sentiment: Analyst-related coverage remained supportive, including a higher fiscal-2026 EPS forecast from Erste Group Bank and continued investor interest in Alphabet’s multiple ways to monetize AI across Search, Cloud, and consumer products. Alphabet FY2026 EPS Forecast Increased by Erste Group Bank
• Neutral Sentiment: Alphabet, NVIDIA, and Emerald AI formed an alliance to develop power-flexible AI data centers. The initiative may help address grid constraints, but also highlights the substantial electricity and infrastructure requirements of Alphabet’s AI expansion.
• Neutral Sentiment: Google agreed to report child sexual-abuse material directly to Indian authorities, a compliance change that may improve regulatory relationships but adds to scrutiny of the company’s content-moderation practices. Google to report child abuse content directly to Indian authorities
• Negative Sentiment: Ireland’s Data Protection Commission fined Google €403 million, or approximately $463 million, over the processing of users’ location data. The penalty is manageable relative to Alphabet’s scale but raises ongoing regulatory, privacy, and potential compliance-cost concerns. Irish regulator fines Google €403 million over location data processing

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GOOGL. Tigress Financial restated a "strong-buy" rating and issued a $485.00 target price (up from $415.00) on shares of Alphabet in a report on Thursday. Evercore reiterated an "outperform" rating and issued a $450.00 target price on shares of Alphabet in a research note on Wednesday, September 16th. DA Davidson set a $350.00 target price on shares of Alphabet and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Pivotal Research reissued a "buy" rating and set a $475.00 target price (up from $470.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Truist Financial set a $420.00 price target on shares of Alphabet and gave the company a "buy" rating in a report on Thursday, July 23rd. Five analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $422.16.

Insider Transactions at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business's stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Walker sold 8,998 shares of the business's stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the sale, the insider owned 75,290 shares in the company, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 450,875 shares of company stock valued at $11,984,482. 11.61% of the stock is currently owned by insiders.

Alphabet Price Performance

Shares of Alphabet stock opened at $354.97 on Tuesday. 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 company has a market cap of $4.34 trillion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 1.01 and a beta of 1.22. The firm has a fifty day moving average price of $345.25 and a two-hundred day moving average price of $345.54. Alphabet Inc. has a fifty-two week low of $235.84 and a fifty-two week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $6.22. The company had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Analysts expect that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, September 4th. Alphabet's payout ratio is currently 4.42%.

Alphabet Profile

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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