Ninety One SA Pty Ltd decreased its holdings in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 49.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,915 shares of the information services provider’s stock after selling 7,871 shares during the period. Ninety One SA Pty Ltd’s holdings in Alphabet were worth $2,723,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new stake in Alphabet during the 2nd quarter valued at approximately $29,000. Lifetime Wealth Management P.C. bought a new position in Alphabet in the 4th quarter worth approximately $38,000. Timbuktu Capital Management LLC bought a new position in Alphabet in the 2nd quarter worth approximately $46,000. Robinswood Financial LLC bought a new position in Alphabet in the 1st quarter worth approximately $57,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Alphabet in the 4th quarter worth approximately $63,000. Institutional investors own 27.26% of the company’s stock.
Alphabet News Summary
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: JPMorgan raised its price target to $425 from $420 and maintained an Overweight rating. The firm cited sustained Google Cloud growth and Alphabet’s ability to remain competitive in artificial intelligence. Alphabet Stocks Rise as JPMorgan Lifts Target on Cloud Growth
- Positive Sentiment: Alphabet continues to generate positive AI momentum. Gemini 4 Argon reportedly scored highly on accounting and enterprise benchmarks, while Google demonstrated a quantum-computing technique that could reduce errors significantly. These developments support the company’s positioning against OpenAI, Anthropic and other rivals. Gemini 4 Argon Accounting Benchmark
- Positive Sentiment: New commercial initiatives—including Google’s Universal Cart shopping tool, a multiyear AI partnership with CNN and potential YouTube audiobook offerings—could broaden monetization across Search, Gemini and YouTube. Google Universal Cart Launch
- Neutral Sentiment: Investors are looking ahead to Alphabet’s upcoming earnings, with analysts generally bullish on AI and cloud growth. However, the company’s substantial data-center and AI infrastructure spending raises questions about near-term free cash flow and returns on capital. Alphabet Q3 Preview
- Negative Sentiment: Multiple law firms are promoting a securities class action alleging that Alphabet failed to disclose disappointing Gemini training results. The repeated notices and December lead-plaintiff deadline create a reputational and potential litigation overhang, although they do not represent new operating results. Alphabet Securities Fraud Lawsuit
- Negative Sentiment: Google warned that suspected China-linked hackers may exploit a vulnerability in BeyondTrust software, adding cybersecurity and trust concerns. Separately, renewed fears over stretched AI valuations and competition for digital advertising could limit further gains. Google Warns of BeyondTrust Exploitation Risk
Insiders Place Their Bets
In other news, Director Frances Arnold sold 83 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the transaction, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. 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 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 completion of the transaction, the chief accounting officer directly owned 27,386 shares of the company’s stock, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 420,865 shares of company stock valued at $8,293,477 in the last quarter. 12.99% of the stock is currently owned by insiders.
Alphabet Price Performance
NASDAQ:GOOG opened at $344.91 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.22 trillion, a P/E ratio of 17.32, a P/E/G ratio of 1.00 and a beta of 1.19. Alphabet Inc. has a 12 month low of $244.67 and a 12 month high of $404.47. The business’s 50-day moving average is $341.41 and its 200 day moving average is $348.88.
Alphabet (NASDAQ:GOOG – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The company had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. During the same period in the prior year, the company earned $2.31 earnings per share. The firm’s revenue was up 24.2% on a year-over-year basis. On average, equities research analysts forecast that Alphabet Inc. will post 20.54 earnings per share for the current fiscal year.
Alphabet Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet’s payout ratio is presently 4.42%.
Wall Street Analysts Forecast Growth
GOOG has been the subject of a number of research analyst reports. KeyCorp reaffirmed an “overweight” rating and set a $435.00 price objective on shares of Alphabet in a report on Thursday, October 1st. UBS Group reissued a “neutral” rating and issued a $380.00 target price (up from $379.00) on shares of Alphabet in a report on Wednesday. Truist Financial dropped their target price on shares of Alphabet from $430.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. HSBC set a $515.00 target price on shares of Alphabet in a research report on Friday, August 14th. Finally, Tigress Financial raised their target price on shares of Alphabet from $415.00 to $485.00 and gave the company a “strong-buy” rating in a research note on Friday, September 18th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $422.10.
View Our Latest Stock Analysis on GOOG
About Alphabet
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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