Ninety One SA Pty Ltd Has $55.28 Million Stake in Alphabet Inc. $GOOGL

Key Points

• Ninety One SA Pty Ltd increased its stake in Alphabet by 35.1% in Q4, owning 176,621 shares worth $55.28 million after adding 45,855 shares, making Alphabet about 2.4% of the fund's portfolio and its 4th largest holding.
• Alphabet beat Q1 expectations with EPS of $5.11 (vs. $2.64 est.) and $109.9B revenue while Google Cloud grew ~63% to >$20B, spurring multiple analyst price-target increases and a consensus "Moderate Buy" with an average target of ~$397.48.
• Insider activity shows significant selling—191,053 shares worth ~$58.8M in the last 90 days (insiders own 11.61%)—even as Alphabet raised its quarterly dividend to $0.22 ($0.88 annual, ~0.2% yield).

Ninety One SA Pty Ltd increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 35.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 176,621 shares of the information services provider's stock after acquiring an additional 45,855 shares during the quarter. Alphabet comprises about 2.4% of Ninety One SA Pty Ltd's portfolio, making the stock its 4th largest holding. Ninety One SA Pty Ltd's holdings in Alphabet were worth $55,282,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PMV Capital Advisers LLC bought a new position in shares of Alphabet during the fourth quarter worth $38,000. Kentucky Trust Co boosted its position in shares of Alphabet by 142.9% during the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after acquiring an additional 100 shares during the last quarter. iSAM Funds UK Ltd bought a new position in Alphabet during the third quarter valued at $53,000. Pilgrim Partners Asia Pte Ltd bought a new position in Alphabet during the third quarter valued at $53,000. Finally, PayPay Securities Corp lifted its position in Alphabet by 23.7% during the fourth 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 during the last quarter. Institutional investors own 40.03% of the company's stock.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total transaction of $348,232.50. Following the completion of the transaction, the director owned 3,581 shares in the company, valued at $1,187,638.65. The trade was a 22.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O'toole sold 617 shares of the business's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the transaction, the chief accounting officer owned 10,093 shares of the company's stock, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 191,053 shares of company stock worth $58,845,206. 11.61% of the stock is currently owned by insiders.

Key Headlines Impacting 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

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several research reports. Argus increased their price objective on shares of Alphabet from $365.00 to $385.00 and gave the company a "buy" rating in a research report on Friday, February 6th. DZ Bank reiterated a "buy" rating on shares of Alphabet in a research report on Monday, February 16th. Wedbush increased their price objective on shares of Alphabet from $360.00 to $370.00 and gave the company an "outperform" rating in a research report on Thursday, February 5th. Raymond James Financial upgraded shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Alphabet in a research report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and an average target price of $397.48.

Alphabet Price Performance

Alphabet stock opened at $385.69 on Monday. The firm has a 50-day moving average price of $313.72 and a 200-day moving average price of $308.70. The firm has a market capitalization of $4.67 trillion, a PE ratio of 29.42, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12-month low of $147.84 and a 12-month high of $386.76.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $2.47. The firm had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. As a group, equities research analysts forecast that Alphabet Inc. will post 12.94 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a $0.22 dividend. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet's dividend payout ratio (DPR) is 6.41%.

About Alphabet

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.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.