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

Ninety One UK Ltd boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 4.1% during the 3rd quarter, Holdings Channel reports. The fund owned 84,969 shares of the information services provider’s stock after buying an additional 3,340 shares during the period. Ninety One UK Ltd’s holdings in Alphabet were worth $28,952,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GOOG. BlackRock Inc. raised its position in shares of Alphabet by 1.4% during the second quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock worth $130,704,718,000 after purchasing an additional 5,164,200 shares during the period. State Street Corp lifted its holdings in shares of Alphabet by 2.8% in the 2nd quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock worth $67,458,980,000 after purchasing an additional 5,208,690 shares in the last quarter. Invesco Ltd. grew its position in Alphabet by 2.4% in the 4th quarter. Invesco Ltd. now owns 22,048,456 shares of the information services provider’s stock valued at $6,918,805,000 after purchasing an additional 517,108 shares during the period. Amundi grew its position in Alphabet by 22.9% in the 1st quarter. Amundi now owns 21,922,379 shares of the information services provider’s stock valued at $6,288,654,000 after purchasing an additional 4,083,758 shares during the period. Finally, Deutsche Bank AG increased its stake in Alphabet by 5.6% during the 2nd quarter. Deutsche Bank AG now owns 17,313,729 shares of the information services provider’s stock valued at $6,117,460,000 after purchasing an additional 913,666 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Arete Research boosted their price target on shares of Alphabet from $425.00 to $450.00 in a research note on Monday, July 6th. China Renaissance dropped their price objective on shares of Alphabet from $485.00 to $445.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Citic Securities lifted their price objective on shares of Alphabet from $430.00 to $434.00 and gave the company a “buy” rating in a report on Monday, July 27th. Wells Fargo & Company set a $417.00 price objective on shares of Alphabet and gave the company an “overweight” rating in a report on Tuesday, October 6th. Finally, Citigroup reissued a “market outperform” rating on shares of Alphabet in a research report on Friday, October 9th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned 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 target price of $422.10.

Alphabet Stock Down 2.3%

NASDAQ:GOOG traded down $8.00 on Friday, hitting $336.91. The stock had a trading volume of 16,939,110 shares, compared to its average volume of 17,087,756. 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 cap of $4.12 trillion, a P/E ratio of 16.92, a price-to-earnings-growth ratio of 1.00 and a beta of 1.19. The firm’s fifty day simple moving average is $341.08 and its two-hundred day simple moving average is $348.80. Alphabet Inc. has a 1 year low of $244.67 and a 1 year high of $404.47.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $6.24. The firm had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company’s quarterly revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.31 earnings per share. Analysts predict that Alphabet Inc. will post 20.54 earnings per share for the current year.

Alphabet Dividend Announcement

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

Key Alphabet News

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

Insider Buying and Selling

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Marsida Saraci sold 449 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was 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 in the company, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 420,865 shares of company stock valued at $8,293,477. Company insiders own 12.99% of the company’s stock.

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.