Ninety One North America Inc. Acquires 52,560 Shares of Alphabet Inc. $GOOGL

Ninety One North America Inc. raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 14.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 426,416 shares of the information services provider’s stock after buying an additional 52,560 shares during the quarter. Alphabet comprises about 5.4% of Ninety One North America Inc.’s holdings, making the stock its 2nd largest position. Ninety One North America Inc.’s holdings in Alphabet were worth $133,468,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ninety One SA Pty Ltd boosted its holdings in shares of Alphabet by 35.1% in the fourth quarter. Ninety One SA Pty Ltd now owns 176,621 shares of the information services provider’s stock valued at $55,282,000 after acquiring an additional 45,855 shares in the last quarter. Werba Rubin Papier Wealth Management boosted its holdings in shares of Alphabet by 7.5% in the fourth quarter. Werba Rubin Papier Wealth Management now owns 14,751 shares of the information services provider’s stock valued at $4,617,000 after acquiring an additional 1,027 shares in the last quarter. River Street Advisors LLC boosted its holdings in shares of Alphabet by 0.9% in the fourth quarter. River Street Advisors LLC now owns 19,776 shares of the information services provider’s stock valued at $6,190,000 after acquiring an additional 176 shares in the last quarter. Tanager Wealth Management LLP boosted its holdings in shares of Alphabet by 16.8% in the fourth quarter. Tanager Wealth Management LLP now owns 33,383 shares of the information services provider’s stock valued at $10,449,000 after acquiring an additional 4,798 shares in the last quarter. Finally, Keystone Wealth Services LLC boosted its holdings in shares of Alphabet by 11.3% in the fourth quarter. Keystone Wealth Services LLC now owns 7,184 shares of the information services provider’s stock valued at $2,249,000 after acquiring an additional 730 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of recent analyst reports. Guggenheim reaffirmed a “buy” rating and set a $450.00 price target (up from $375.00) on shares of Alphabet in a research note on Thursday. Susquehanna reaffirmed a “positive” rating and set a $460.00 price target (up from $400.00) on shares of Alphabet in a research note on Thursday. Rothschild & Co Redburn upped their price target on shares of Alphabet from $390.00 to $430.00 and gave the stock a “buy” rating in a research note on Thursday. Jefferies Financial Group reissued a “buy” rating on shares of Alphabet in a research note on Friday, April 24th. Finally, The Goldman Sachs Group increased their price target on shares of Alphabet from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $397.48.

Alphabet Price Performance

Alphabet stock opened at $385.69 on Monday. Alphabet Inc. has a 12-month low of $147.84 and a 12-month high of $386.76. The stock has a market capitalization of $4.67 trillion, a P/E ratio of 29.42, a P/E/G ratio of 1.80 and a beta of 1.26. The firm’s 50-day moving average is $313.72 and its two-hundred day moving average is $308.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Equities analysts predict that Alphabet Inc. will post 12.94 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a $0.22 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. Alphabet’s dividend payout ratio is 6.41%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 earnings & Google Cloud surge — Alphabet beat on EPS and revenue; Google Cloud grew ~63% to >$20B and backlog jumped near $460B, underpinning earnings momentum and revenue visibility. Alphabet’s Earnings Didn’t Just Beat—They Changed the Story
• Positive Sentiment: Wall Street re-rating — Dozens of brokers raised price targets and reiterated buy/outperform views (Goldman, JPMorgan, Citi, Canaccord, etc.), lifting upside expectations and supporting momentum. JPMorgan price target note
• Positive Sentiment: Product & monetization catalysts — Gemini rollout into millions of vehicles and comments about ads in AI-driven Search/Gemini expand potential ad & cloud monetization paths. Google’s Gemini hits cars
• Positive Sentiment: Commercial & government demand — The Pentagon signed agreements with leading AI vendors (including Google) to deploy AI tools on classified networks, validating enterprise/government demand for secure AI infrastructure. Pentagon AI agreements
• Positive Sentiment: Market narrative uplift — Coverage arguing Alphabet could challenge Nvidia for top market-cap status and that Google is “winning” the AI cycle is driving momentum flows and investor positioning. Barron’s: The First $6 Trillion Company May Not Be Nvidia
• Neutral Sentiment: CapEx trajectory — Management signaled materially higher CapEx into 2027 to support AI/data centers; that supports future growth but raises near-term investment intensity and cash needs. Seeking Alpha: CapEx concerns
• Negative Sentiment: Regulatory/legal risk — European scrutiny is rising: Italy asked the EU to investigate Google’s AI search features and Swiss regulators opened probes related to keyword bidding; these could lead to fines, remedies or product constraints. Italy asks EU to investigate Google AI search Switzerland probe

Insiders Place Their Bets

In related news, insider John Kent Walker sold 8,993 shares of the firm’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $275.89, for a total value of $2,481,078.77. Following the sale, the insider directly owned 51,808 shares of the company’s stock, valued at approximately $14,293,309.12. This trade represents a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 617 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 191,053 shares of company stock valued at $58,845,206. 11.61% of the stock is currently owned by corporate insiders.

Alphabet Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.