Pilgrim Partners Asia Pte Ltd Invests $5.93 Million in Alphabet Inc. $GOOG

Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,344 shares of the information services provider’s stock, valued at approximately $5,929,000. Alphabet comprises 2.6% of Pilgrim Partners Asia Pte Ltd’s investment portfolio, making the stock its 7th largest holding.

Other institutional investors have also recently bought and sold shares of the company. BankPlus Wealth Management LLC raised its stake in Alphabet by 1.2% during the 3rd quarter. BankPlus Wealth Management LLC now owns 3,143 shares of the information services provider’s stock valued at $766,000 after purchasing an additional 37 shares during the period. Cedar Mountain Advisors LLC boosted its position in shares of Alphabet by 11.8% in the third quarter. Cedar Mountain Advisors LLC now owns 370 shares of the information services provider’s stock worth $90,000 after buying an additional 39 shares during the period. Higgins & Schmidt Wealth Strategies LLC grew its holdings in shares of Alphabet by 2.2% during the third quarter. Higgins & Schmidt Wealth Strategies LLC now owns 1,818 shares of the information services provider’s stock valued at $443,000 after buying an additional 40 shares in the last quarter. Hartmann Taylor Wealth Management LLC raised its position in Alphabet by 2.3% during the third quarter. Hartmann Taylor Wealth Management LLC now owns 1,813 shares of the information services provider’s stock valued at $442,000 after buying an additional 40 shares during the period. Finally, Riverbend Wealth Management LLC lifted its stake in Alphabet by 1.0% in the 3rd quarter. Riverbend Wealth Management LLC now owns 4,198 shares of the information services provider’s stock worth $1,023,000 after acquiring an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud landed a five‑year AI partnership with Liberty Global to deploy Gemini models and cloud tools across the cable operator’s European business — a meaningful commercial win for Cloud and Gemini adoption that supports recurring revenue growth. Google Cloud, Liberty Global strike five-year AI partnership
• Positive Sentiment: Waymo raised $16 billion in a round that values the unit near $126 billion — this large external financing both recognizes Waymo’s standalone value and de‑risks Alphabet’s capital commitment while preserving upside from a high‑value autonomous‑vehicle asset. Waymo announces $16 billion fundraising round
• Positive Sentiment: Alphabet scored a legal win when a judge rejected a bid to force a $2.36B penalty — easing a sizeable regulatory/legal overhang. Google (GOOGL) Dodges $2.36B Class Action Penalty in Major Court Win
• Positive Sentiment: Analysts and commentators continue to point to AI‑driven strength in Search, YouTube and Cloud as the main drivers for expected strong Q4 results, supporting investor optimism heading into earnings. Alphabet (GOOGL) Stock: What Wall Street Expects from Earnings Wednesday
• Neutral Sentiment: Options market pricing and analysts expect a sizable post‑earnings move (the options market is pricing notable volatility), meaning the stock can swing sharply after the Q4 report. Alphabet (GOOGL) Q4 Earnings on Deck: Options Market Braces for a 6.18% Swing
• Neutral Sentiment: Competition in generative AI (reports of an imminent Claude 5 launch) keeps the product landscape dynamic — a potential headwind or stimulus depending on execution and partnerships. Claude 5 Will Probably Launch In Q1
• Neutral Sentiment: Short‑interest data in the latest print is uninformative (shows effectively zero days of short interest), indicating little visible short pressure but also potential data noise — not a clear driver either way.
• Negative Sentiment: Several institutional 13F filings show managers trimming GOOG positions and at least one major shareholder sale was reported (~$35M), signaling some profit‑taking after the stock’s strong run. Fund Update: PROVIDENT TRUST CO Just Disclosed New Holdings Alphabet Major Shareholder Sells
• Negative Sentiment: Critical commentary warns AI could create structural risks for ad models if monetization lags; plus a reported $110M hit to Disney from a YouTube TV carriage dispute underscores distribution/friction risks around media partners. Disney said it took a $110 million hit from its fight with YouTube TV Mag 7’s “Commitment” to Data Centers & GOOGL “Existential Crisis”

Alphabet Stock Performance

GOOG stock opened at $344.90 on Tuesday. The firm has a 50 day moving average of $321.44 and a two-hundred day moving average of $267.95. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $345.17. The company has a market capitalization of $4.16 trillion, a price-to-earnings ratio of 34.01, a P/E/G ratio of 1.86 and a beta of 1.10. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 8th were issued a $0.21 dividend. The ex-dividend date was Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.2%. Alphabet’s dividend payout ratio is currently 8.28%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $312.30, for a total value of $867,569.40. Following the completion of the sale, the chief accounting officer owned 8,962 shares of the company’s stock, valued at $2,798,832.60. The trade was a 23.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $319.50, for a total value of $10,383,750.00. Following the sale, the chief executive officer owned 2,272,119 shares of the company’s stock, valued at approximately $725,942,020.50. This trade represents a 1.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 2,069,531 shares of company stock valued at $104,158,826. Corporate insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on GOOG shares. Jefferies Financial Group restated a “buy” rating and set a $365.00 price objective on shares of Alphabet in a research report on Monday, January 5th. Barclays boosted their price objective on shares of Alphabet from $250.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Bank of America upped their price objective on shares of Alphabet from $280.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Pivotal Research reissued a “buy” rating and set a $400.00 target price (up previously from $350.00) on shares of Alphabet in a research note on Friday, December 5th. Finally, BMO Capital Markets restated an “outperform” rating and set a $340.00 price target on shares of Alphabet in a report on Thursday, October 30th. Eight equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $330.83.

Alphabet Profile

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.