Alphabet Inc. $GOOGL Shares Newly Purchased by TTP Investments Inc.

TTP Investments Inc. purchased a new stake in Alphabet Inc. (NASDAQ:GOOGL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,983 shares of the information services provider’s stock, valued at approximately $3,435,000. Alphabet accounts for 1.4% of TTP Investments Inc.’s investment portfolio, making the stock its 10th biggest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Alphabet by 5.6% during the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock valued at $85,403,303,000 after purchasing an additional 12,718,127 shares in the last quarter. Amundi raised its position in shares of Alphabet by 4.6% during the 2nd quarter. Amundi now owns 33,203,350 shares of the information services provider’s stock worth $11,865,809,000 after buying an additional 1,457,371 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Alphabet by 10.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider’s stock worth $6,334,186,000 after acquiring an additional 1,631,721 shares during the period. Swiss National Bank boosted its holdings in shares of Alphabet by 7.1% in the first quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider’s stock valued at $4,911,467,000 after acquiring an additional 1,139,400 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Alphabet by 90.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider’s stock valued at $4,900,078,000 after acquiring an additional 8,112,680 shares during the period. 40.03% of the stock is owned by institutional investors.

Alphabet News Roundup

These are some of the GOOGL news items that stood out recently:

• Positive Sentiment: Alphabet unveiled two new AI-focused TPU systems, broadening its in-house chip lineup and potentially reducing reliance on outside suppliers. The push could strengthen Google Cloud’s competitiveness, though investors are weighing the investment required against returns. Article: Alphabet Escalates AI Chip Rivalry With NVIDIA
• Neutral Sentiment: Alphabet is reportedly planning its first bond sale in Hong Kong and Singapore, potentially raising about $3 billion. The sale could broaden funding sources for the company’s investments, while adding to investor focus on financing costs and AI spending. Article: Alphabet eyes $3 billion Hong Kong, Singapore bond sale
• Neutral Sentiment: Alphabet is among Anthropic’s major investors and cloud providers, with the company’s IPO potentially increasing the value of its stake and supporting Google Cloud demand. However, the reported additional investment is also a substantial capital commitment. Article: Anthropic’s Trillion-Dollar IPO Could Give Cloud Giants a Double Win

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 83 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the transaction, the director 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have sold 247 shares of company stock valued at $79,238. 11.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GOOGL shares. Zacks Research cut Alphabet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Pivotal Research reaffirmed a “buy” rating and set a $475.00 target price (up from $470.00) on shares of Alphabet in a report on Thursday, July 23rd. KeyCorp cut their price target on shares of Alphabet from $410.00 to $385.00 and set an “overweight” rating for the company in a report on Thursday, October 29th. Royal Bank Of Canada dropped their target price on shares of Alphabet from $425.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, October 29th. Finally, Piper Sandler set a $345.00 target price on shares of Alphabet and gave the stock an “overweight” rating in a report on Thursday, October 29th. Five analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Buy” and a consensus target price of $412.51.

Alphabet Trading Up 2.1%

Alphabet stock opened at $293.45 on Thursday. The company has a 50 day moving average price of $329.89 and a 200 day moving average price of $338.38. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. Alphabet Inc. has a 52 week low of $270.70 and a 52 week high of $408.61. The firm has a market capitalization of $3.61 trillion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 0.87 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The business had revenue of $127.58 billion during the quarter, compared to analysts’ expectations of $127.96 billion. Research analysts forecast that Alphabet Inc. will post 19.81 EPS for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet’s dividend payout ratio (DPR) is currently 4.59%.

Alphabet Profile

Alphabet Inc. is a technology holding company whose largest business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company reorganized its businesses under the holding-company structure in 2015. Google’s products and services include Search, YouTube, Android, Chrome, Google Maps, Google Play and Google Cloud. The company also generates revenue from digital advertising and offers devices, subscriptions and artificial intelligence products and services.