Perpetual Ltd Has $9.66 Million Stock Position in Alphabet Inc. $GOOG

Key Points

• Perpetual Ltd increased its Alphabet stake by 33.5% in Q4 to 30,789 shares, worth about $9.66 million.
• Alphabet beat quarterly estimates with EPS of $2.82 and revenue of $113.83 billion (up 18% year-over-year), and analysts have a consensus "Buy" rating with an average target of $345.71.
• Insiders have been net sellers recently—CEO Sundar Pichai sold 32,500 shares for roughly $10.6 million, and insiders sold about 2,069,344 shares (~$104.7 million) over the past 90 days.

Perpetual Ltd lifted its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 33.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,789 shares of the information services provider's stock after acquiring an additional 7,733 shares during the period. Perpetual Ltd's holdings in Alphabet were worth $9,662,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of GOOG. Imprint Wealth LLC acquired a new stake in shares of Alphabet in the third quarter worth $31,000. Manning & Napier Advisors LLC acquired a new stake in shares of Alphabet in the third quarter worth $32,000. Tripletail Wealth Management LLC acquired a new stake in shares of Alphabet in the third quarter worth $40,000. Retirement Wealth Solutions LLC grew its stake in shares of Alphabet by 145.0% in the third quarter. Retirement Wealth Solutions LLC now owns 196 shares of the information services provider's stock worth $48,000 after acquiring an additional 116 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC grew its stake in shares of Alphabet by 56.8% in the third quarter. Bay Harbor Wealth Management LLC now owns 218 shares of the information services provider's stock worth $53,000 after acquiring an additional 79 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several research analyst reports. Cantor Fitzgerald restated a "neutral" rating on shares of Alphabet in a research note on Tuesday, January 20th. Wells Fargo & Company upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. Needham & Company LLC set a $400.00 price target on shares of Alphabet and gave the stock a "buy" rating in a research note on Friday, March 13th. Oppenheimer reiterated an "outperform" rating and set a $360.00 price target on shares of Alphabet in a research note on Thursday, February 5th. Finally, Piper Sandler reiterated an "overweight" rating and set a $395.00 price target on shares of Alphabet in a research note on Thursday, February 5th. Nine investment analysts have rated the stock with a Strong Buy rating, twenty-nine 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 an average target price of $345.71.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Expanded AI infrastructure partnerships — Google deepened multi-year deals with Intel (and broader TPU/partner deals with Broadcom/Anthropic), locking in multi‑generation chips and networking supply for its AI data centers, which supports Google Cloud capacity, cost control and enterprise AI revenue. Google and Intel deepen AI infrastructure partnership
• Positive Sentiment: Broadcom/Broad AI supply visibility — reports show renewed long‑term TPU/networking agreements tying Broadcom to Google and Anthropic, reinforcing Alphabet’s access to custom AI compute and signaling durable infrastructure demand. Broadcom Locks in Multi-Year AI Wins With Google and Anthropic
• Positive Sentiment: Google Cloud momentum — multiple writeups highlight ~50% cloud growth, a $240B cloud backlog and stronger monetization via Gemini/TPUs, underscoring a durable, high‑margin growth engine for Alphabet. Forget Google Search: This Business Is Alphabet's Real Growth Story
• Positive Sentiment: Product and commercialization wins — new privacy/cookie protection features and consumer AI rollouts (Google Finance overhaul, Waymo geographic expansion, Wing drone moves) keep multiple monetization levers active for ads, cloud and emerging businesses. Google Stock (GOOGL) Is Soaring. It’s Taking Cookies Seriously Again
• Neutral Sentiment: Analyst activity is mixed — some firms (e.g., William O’Neil) reinstated Buy coverage highlighting long‑term optionality (Waymo, AI), while other market notes simply group GOOGL among Magnificent Seven buy opportunities tied to broader rotation. William O’Neil Reinstates Alphabet With a Buy
• Negative Sentiment: Valuation and margin concerns — some analysts rate Alphabet as a Hold, arguing the stock already prices near‑perfect execution (forward PEG elevated vs. peers) and noting near‑term margin compression risks despite strong fundamentals. Alphabet Stock Defies AI's Gravity
• Negative Sentiment: Portfolio rebalancing / sales — reports of funds trimming or selling (e.g., TCW fund) over valuation criteria show pockets of supply that could pressure near‑term trading despite the positive newsflow. TCW Fund Sold Alphabet After Meeting Valuation Characteristics

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $327.30, for a total transaction of $10,637,250.00. Following the completion of the transaction, the chief executive officer directly owned 2,211,872 shares of the company's stock, valued at approximately $723,945,705.60. This trade represents a 1.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O'toole sold 955 shares of Alphabet stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total value of $284,590.00. Following the transaction, the chief accounting officer directly owned 9,918 shares of the company's stock, valued at approximately $2,955,564. The trade was a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 2,069,344 shares of company stock valued at $104,708,426. Insiders own 12.99% of the company's stock.

Alphabet Stock Up 0.5%

GOOG opened at $316.37 on Friday. Alphabet Inc. has a fifty-two week low of $148.40 and a fifty-two week high of $350.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The firm's fifty day moving average price is $306.78 and its two-hundred day moving average price is $298.16. The company has a market capitalization of $3.83 trillion, a P/E ratio of 29.27, a P/E/G ratio of 1.95 and a beta of 1.13.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.23. The company had revenue of $113.83 billion during the quarter, compared to analysts' expectations of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The business's revenue was up 18.0% on a year-over-year basis. During the same period last year, the business earned $2.15 earnings per share. On average, analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is presently 7.77%.

About Alphabet

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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