Ninety One UK Ltd Purchases 3,340 Shares of Alphabet Inc. $GOOG

Key Points

• Ninety One UK increased its Alphabet position by 4.1% in the third quarter, purchasing 3,340 additional shares and bringing its holdings to 84,969 shares valued at approximately $29 million.
• Analyst sentiment remains favorable, with six Strong Buy and 34 Buy ratings; the stock has an average rating of Buy and an average price target of $422.10.
• Alphabet shares fell 2.3% to $336.91, despite reporting quarterly revenue growth of 24.2% and adjusted earnings that exceeded analyst expectations; investors continue to weigh AI growth opportunities against macroeconomic and legal risks.

Ninety One UK Ltd boosted its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,969 shares of the information services provider's stock after purchasing an additional 3,340 shares during the period. Ninety One UK Ltd's holdings in Alphabet were worth $28,952,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Readystate Asset Management LP bought a new stake in shares of Alphabet during the second quarter worth about $45,352,000. Auto Owners Insurance Co raised its holdings in Alphabet by 38,409.2% in the 4th quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider's stock valued at $5,643,262,000 after buying an additional 179,369,280 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Alphabet by 76.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 14,581,870 shares of the information services provider's stock valued at $4,182,952,000 after buying an additional 6,300,900 shares during the last quarter. State Street Corp raised its holdings in Alphabet by 2.8% in the 2nd quarter. State Street Corp now owns 190,923,442 shares of the information services provider's stock valued at $67,458,980,000 after buying an additional 5,208,690 shares during the last quarter. Finally, BlackRock Inc. boosted its position in Alphabet by 1.4% during the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider's stock worth $130,704,718,000 after buying an additional 5,164,200 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GOOG shares. Arete Research boosted their target price on shares of Alphabet from $425.00 to $450.00 in a report on Monday, July 6th. Oppenheimer restated an "outperform" rating and issued a $400.00 price target (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Barclays reaffirmed an "overweight" rating and set a $425.00 price target (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. Roth Capital lifted their price target on shares of Alphabet from $435.00 to $440.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Finally, Wells Fargo & Company set a $417.00 price target on shares of Alphabet and gave the stock an "overweight" rating in a report on Tuesday, October 6th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $422.10.

Insider Activity at Alphabet

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the company'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 sale, the chief accounting officer owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 420,865 shares of company stock worth $8,293,477 over the last quarter. Company insiders own 12.99% of the company's stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI-chip opportunity: Evercore ISI raised its Alphabet estimates, arguing that the company could sell its internally developed tensor processing units (TPUs) to cloud customers. AI-chip revenue could become a meaningful contributor to Google Cloud, supporting growth and improving the return on Alphabet’s substantial infrastructure investments. Evercore raises Alphabet estimates on potential TPU hardware sales
• Positive Sentiment: Quantum-computing breakthrough: Google reported a technique that reduces quantum-computing errors by roughly 40 times. Although commercialization remains uncertain, the development reinforces Alphabet’s long-term technology leadership and could support investor enthusiasm around its research portfolio. Google demonstrates new quantum computer breakthrough
• Positive Sentiment: Expansion of growth businesses: Waymo received approval to participate in Ontario’s automated-vehicle pilot program and is targeting a Toronto robotaxi launch in 2028. Alphabet also reached a multiyear AI-content agreement with CNN, potentially strengthening its AI products and training resources. Google's Waymo plans first Canada robotaxi service in Toronto in 2028
• Neutral Sentiment: Analyst support remains favorable: JPMorgan raised its Alphabet target to $425 and maintained an overweight rating, while recent commentary continues to emphasize strong cloud and AI growth. However, investors remain focused on whether large capital expenditures can generate sufficient future returns.
• Negative Sentiment: Macro pressure: A hotter-than-expected producer-price report reduced expectations for near-term Federal Reserve rate cuts. Higher-for-longer rates typically weigh on high-growth technology valuations, contributing to weakness across major technology shares, including Alphabet.
• Negative Sentiment: Legal overhang: Multiple law firms publicized a securities class action involving investors who held Alphabet shares between May 19 and July 16, 2026, citing alleged securities-law violations related to disclosures about Gemini AI performance. The repeated deadline reminders may add short-term sentiment pressure, although the ultimate financial impact remains uncertain. Kaplan Fox Alphabet class action reminder

Alphabet Trading Down 2.3%

Shares of GOOG traded down $8.00 during mid-day trading on Friday, reaching $336.91. 16,939,110 shares of the company were exchanged, compared to its average volume of 17,087,756. The business has a 50 day simple moving average of $341.08 and a two-hundred day simple moving average of $348.80. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The stock has a market capitalization of $4.12 trillion, a PE ratio of 16.92, a PEG ratio of 1.00 and a beta of 1.19. Alphabet Inc. has a 52 week low of $244.67 and a 52 week high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. During the same quarter last year, the business earned $2.31 EPS. The company's revenue was up 24.2% compared to the same quarter last year. On average, analysts predict that Alphabet Inc. will post 20.54 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were issued a $0.22 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's payout ratio is presently 4.42%.

Alphabet Company 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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