Alphabet Inc. $GOOGL is OVERSEA CHINESE BANKING Corp Ltd’s 5th Largest Position

OVERSEA CHINESE BANKING Corp Ltd grew its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 12.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 325,833 shares of the information services provider’s stock after purchasing an additional 35,851 shares during the quarter. Alphabet comprises 2.5% of OVERSEA CHINESE BANKING Corp Ltd’s holdings, making the stock its 5th biggest position. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Alphabet were worth $115,947,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in Alphabet in the fourth quarter worth about $30,534,239,000. Cardano Risk Management B.V. grew its holdings in shares of Alphabet by 855.3% during the fourth quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider’s stock valued at $4,546,413,000 after buying an additional 13,004,828 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Alphabet by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock valued at $165,567,398,000 after buying an additional 12,531,695 shares during the last quarter. Capital World Investors increased its position in shares of Alphabet by 28.0% during the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock valued at $12,910,542,000 after acquiring an additional 11,605,785 shares in the last quarter. Finally, Diamant Asset Management Inc. increased its position in shares of Alphabet by 28,950.0% during the first quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider’s stock valued at $2,671,986,000 after acquiring an additional 9,259,940 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

  • Positive Sentiment: A federal judge rejected the U.S. government’s request to force Google to sell its AdX advertising exchange and other ad-tech assets. Although Alphabet must change certain business practices, avoiding a breakup preserves the company’s advertising infrastructure and revenue potential. Google defeats US bid to force ad tech sale
  • Positive Sentiment: Berkshire Hathaway increased its Alphabet stake, with CEO Greg Abel describing Google as a significant AI player. The investment is a high-profile endorsement of Alphabet’s long-term competitive position in AI. Berkshire CEO Abel says Alphabet a significant player in AI
  • Positive Sentiment: Google introduced conversational AI voice features for Gmail, Docs and Keep, expanding Gemini’s integration into widely used Workspace products. A new weather-forecasting model and planned AI image tools also highlight continued product development and potential monetization opportunities. Google launches AI voice features in Gmail, Docs and Keep
  • Positive Sentiment: Rosenblatt Securities reaffirmed its buy rating and set a $410 price target. Alphabet will also pay a quarterly dividend of $0.22 per share to eligible shareholders, adding to its shareholder-return appeal. Google to pay dividends this month
  • Neutral Sentiment: Alphabet agreed to purchase approximately 396 megawatts of geothermal power from Fervo Energy for a Utah data center, with an expansion option. The deal supports reliable power for AI infrastructure but also underscores the scale and cost of Alphabet’s data-center buildout.
  • Negative Sentiment: Investors continue to weigh antitrust-related behavioral remedies, a securities-fraud investigation, insider selling reports and concerns that the promised Gemini 3.5 Pro flagship model remains delayed. These issues could limit sentiment despite the favorable breakup ruling. Securities fraud investigation into Alphabet

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 82 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $337.71, for a total value of $27,692.22. Following the transaction, the director owned 18,995 shares of the company’s stock, valued at approximately $6,414,801.45. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 451,925 shares of company stock valued at $12,371,544 over the last 90 days. Company insiders own 11.61% of the company’s stock.

Alphabet Stock Up 1.6%

Shares of Alphabet stock opened at $342.48 on Friday. Alphabet Inc. has a twelve month low of $226.11 and a twelve month high of $408.61. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $349.00 and its 200 day moving average is $342.64. The company has a market cap of $4.19 trillion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 0.98 and a beta of 1.22.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion during 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%. Research analysts anticipate that Alphabet Inc. will post 20.5 EPS for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet’s dividend payout ratio (DPR) is 4.42%.

Wall Street Analyst Weigh In

GOOGL has been the topic of several analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $445.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. Piper Sandler reissued an “overweight” rating and issued a $395.00 target price (down from $445.00) on shares of Alphabet in a report on Thursday, July 23rd. Rosenblatt Securities restated a “buy” rating and issued a $410.00 price target on shares of Alphabet in a research note on Thursday. Morgan Stanley set a $400.00 price target on Alphabet and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Wall Street Zen downgraded Alphabet from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $420.19.

Get Our Latest Research Report on Alphabet

About Alphabet

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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