Jupiter Asset Management Ltd. Has $191.58 Million Stock Position in Alphabet Inc. $GOOG

Jupiter Asset Management Ltd. boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 3.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 610,506 shares of the information services provider’s stock after purchasing an additional 18,559 shares during the quarter. Alphabet comprises about 1.5% of Jupiter Asset Management Ltd.’s portfolio, making the stock its 8th biggest holding. Jupiter Asset Management Ltd.’s holdings in Alphabet were worth $191,577,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GOOG. Kathmere Capital Management LLC raised its holdings in Alphabet by 8.5% in the 4th quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider’s stock valued at $9,381,000 after acquiring an additional 2,341 shares in the last quarter. Atlantic Union Bankshares Corp raised its holdings in Alphabet by 31.3% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 354,529 shares of the information services provider’s stock valued at $86,345,000 after acquiring an additional 84,553 shares in the last quarter. Baltimore Washington Financial Advisors Inc. raised its holdings in Alphabet by 0.9% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 221,391 shares of the information services provider’s stock valued at $53,920,000 after acquiring an additional 2,009 shares in the last quarter. Newbridge Financial Services Group Inc. raised its holdings in Alphabet by 7.5% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 60,739 shares of the information services provider’s stock valued at $19,060,000 after acquiring an additional 4,239 shares in the last quarter. Finally, Steginsky Capital LLC raised its holdings in Alphabet by 1.0% in the 3rd quarter. Steginsky Capital LLC now owns 680,588 shares of the information services provider’s stock valued at $165,757,000 after acquiring an additional 6,523 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet signed a major cloud-computing agreement with SpaceX, with reports putting the deal at about $920 million per month for 32 months, which could provide a meaningful revenue stream and reinforce demand for Google Cloud. Article Title
• Positive Sentiment: Alphabet’s municipal-bond debut drew strong investor demand, suggesting institutions still view the company as a high-quality borrower with flexible financing options. Article Title
• Positive Sentiment: Some investors and analysts said the equity raise is a strategic move to accelerate AI infrastructure and may help Alphabet defend and expand its long-term leadership in search, cloud, and AI. Article Title
• Neutral Sentiment: Alphabet also appeared in commentary about AI-related partnerships, including potential indirect benefits from the SpaceX IPO and other cloud collaborations, but these are mostly longer-term strategic themes rather than immediate catalysts. Article Title
• Negative Sentiment: Wall Street coverage focused heavily on Alphabet’s expanding capital expenditures, with some commentators warning that the AI buildout may be getting too expensive and could pressure free cash flow. Article Title

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 617 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total transaction of $178,701.71. Following the sale, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. The trade was a 5.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Kent Walker sold 8,993 shares of the business’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of $275.89, for a total value of $2,481,078.77. Following the sale, the insider owned 51,808 shares in the company, valued at $14,293,309.12. This represents a 14.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 193,016 shares of company stock worth $17,282,549 over the last three months. 12.99% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GOOG shares. UBS Group reissued a “neutral” rating and set a $348.00 price target (up from $345.00) on shares of Alphabet in a report on Thursday, February 12th. The Goldman Sachs Group reissued a “buy” rating and set a $450.00 price target on shares of Alphabet in a report on Thursday, May 21st. Raymond James Financial reissued a “strong-buy” rating and set a $425.00 price target on shares of Alphabet in a report on Thursday, April 30th. Oppenheimer boosted their price target on Alphabet from $425.00 to $445.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a report on Monday, April 20th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $376.00.

Alphabet Trading Down 1.0%

Shares of GOOG stock opened at $365.76 on Friday. The firm has a market capitalization of $4.43 trillion, a P/E ratio of 27.90, a P/E/G ratio of 1.57 and a beta of 1.22. Alphabet Inc. has a twelve month low of $163.33 and a twelve month high of $404.47. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock’s fifty day simple moving average is $350.06 and its 200 day simple moving average is $327.07.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $2.43. The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.Alphabet’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.81 EPS. As a group, sell-side analysts predict that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is presently 6.41%.

About Alphabet

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.