Mirae Asset Global Investments Co. Ltd. Buys 2,283,093 Shares of Alphabet Inc. $GOOG

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) in the 3rd quarter, Holdings Channel.com reports. The fund bought 2,283,093 shares of the information services provider’s stock, valued at approximately $777,941,000. Alphabet comprises approximately 1.4% of Mirae Asset Global Investments Co. Ltd.’s investment portfolio, making the stock its 13th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. ARQ Wealth Advisors LLC lifted its position in Alphabet by 1.7% during the third quarter. ARQ Wealth Advisors LLC now owns 3,080 shares of the information services provider’s stock worth $1,049,000 after buying an additional 50 shares during the period. SFE Investment Counsel boosted its stake in Alphabet by 0.3% in the 3rd quarter. SFE Investment Counsel now owns 32,324 shares of the information services provider’s stock worth $11,014,000 after buying an additional 91 shares during the last quarter. Northern Financial Advisors Inc grew its holdings in Alphabet by 52.5% in the 3rd quarter. Northern Financial Advisors Inc now owns 2,880 shares of the information services provider’s stock valued at $981,000 after buying an additional 991 shares during the period. Stevens Capital Partners grew its holdings in Alphabet by 10.6% in the 3rd quarter. Stevens Capital Partners now owns 5,119 shares of the information services provider’s stock valued at $1,744,000 after buying an additional 491 shares during the period. Finally, ProShare Advisors LLC grew its holdings in Alphabet by 4.2% in the 3rd quarter. ProShare Advisors LLC now owns 2,679,204 shares of the information services provider’s stock valued at $912,912,000 after buying an additional 107,924 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GOOG has been the topic of several recent analyst reports. Oppenheimer reiterated an “outperform” rating and set a $400.00 price objective (down from $445.00) on shares of Alphabet in a report on Thursday, July 23rd. Wolfe Research reissued an “outperform” rating on shares of Alphabet in a research note on Thursday, August 27th. Citigroup downgraded Alphabet from a “market outperform” rating to a “market perform” rating in a report on Thursday, October 29th. Barclays reaffirmed an “overweight” rating on shares of Alphabet in a research report on Thursday, October 29th. Finally, Wedbush assumed coverage on Alphabet in a report on Thursday, July 16th. They issued an “outperform” rating and a $445.00 target price on the stock. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $413.38.

Alphabet Price Performance

Alphabet stock opened at $278.27 on Wednesday. Alphabet Inc. has a 52-week low of $271.41 and a 52-week high of $404.47. The firm has a fifty day moving average of $333.13 and a 200-day moving average of $337.67. The firm has a market capitalization of $3.40 trillion, a P/E ratio of 14.52, a PEG ratio of 0.84 and a beta of 1.21. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.01 by ($0.89). The business had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The business’s revenue was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.87 EPS. As a group, analysts predict that Alphabet Inc. will post 19.80 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 $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet’s dividend payout ratio is currently 4.59%.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the transaction, the director directly owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 247 shares of company stock valued at $79,238 over the last 90 days. Company insiders own 12.99% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to about $30.7 billion, and the company has a substantial backlog. A report that OpenAI is interested in buying Google’s AI chips could also help Alphabet monetize its infrastructure investment. OpenAI Wants to Buy Google AI Chips
• Positive Sentiment: Alphabet is reportedly in preliminary discussions related to the U.S. Defense Department’s Golden Dome initiative. A contract could diversify revenue and help generate returns on its AI infrastructure, though no agreement is confirmed. Alphabet’s Golden Dome Talks Could Open a New Market
• Neutral Sentiment: Google says it will make AI tools opt-in for K–12 accounts, but the changes have drawn political criticism after reports that schools restricting AI could also lose Search by default. The controversy may create reputational risk, while the effect on revenue is unclear. Google responds to political backlash over removing search from schools
• Negative Sentiment: The latest quarter’s $2.12 per-share earnings missed analyst expectations, while aggressive AI investment pushed free cash flow into negative territory. Investors are also weighing expectations for higher capital spending, which could pressure cash flow further before the investments pay off. Alphabet’s Free Cash Flow Just Turned Negative
• Negative Sentiment: Several law firms publicized an existing securities class action concerning alleged disclosures about Gemini 3.5 Pro’s training results. The announcements add legal and headline risk, but are not findings of wrongdoing. Alphabet securities class action deadline notice

Alphabet Profile

Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google’s principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.