Alphabet Inc. $GOOGL Shares Acquired by ICICI Prudential Asset Management Co Ltd

ICICI Prudential Asset Management Co Ltd raised its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 11.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,311 shares of the information services provider’s stock after buying an additional 3,664 shares during the period. Alphabet makes up approximately 0.9% of ICICI Prudential Asset Management Co Ltd’s portfolio, making the stock its 26th largest position. ICICI Prudential Asset Management Co Ltd’s holdings in Alphabet were worth $8,827,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC boosted its position in shares of Alphabet by 2.1% during the 3rd quarter. Clear Creek Financial Management LLC now owns 16,414 shares of the information services provider’s stock worth $3,990,000 after acquiring an additional 337 shares in the last quarter. Cumberland Partners Ltd grew its position in Alphabet by 9.4% in the 3rd quarter. Cumberland Partners Ltd now owns 106,655 shares of the information services provider’s stock valued at $25,928,000 after buying an additional 9,166 shares during the last quarter. Mcrae Capital Management Inc. raised its holdings in Alphabet by 15.7% during the third quarter. Mcrae Capital Management Inc. now owns 52,778 shares of the information services provider’s stock worth $12,831,000 after purchasing an additional 7,180 shares in the last quarter. CFO4Life Group LLC boosted its stake in shares of Alphabet by 4.1% in the third quarter. CFO4Life Group LLC now owns 28,643 shares of the information services provider’s stock valued at $6,963,000 after buying an additional 1,118 shares in the last quarter. Finally, Collaborative Wealth Managment Inc. purchased a new stake in Alphabet during the third quarter worth about $221,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 600 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $306.73, for a total value of $184,038.00. Following the transaction, the director owned 20,624 shares in the company, valued at approximately $6,325,999.52. This represents a 2.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 47,574 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the sale, the insider owned 13,227 shares of the company’s stock, valued at approximately $3,987,279.15. This represents a 78.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 2,079,993 shares of company stock worth $108,745,244. 11.64% of the stock is owned by company insiders.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Large commercial win for Google Cloud — CVS will use Google Cloud to launch an AI‑enabled health platform, a meaningful enterprise contract that validates recurring cloud/AI revenue potential. CVS taps Google Cloud
• Positive Sentiment: Bullish industry/analyst tone on AI adoption — reports projecting large AI spending and recent analyst price‑target increases support a higher long‑term revenue multiple for Google Cloud and Gemini. Gartner Says AI Spending Will Hit $2.5 Trillion
• Positive Sentiment: Institutional backing spotlighted — coverage noting Berkshire Hathaway’s profitable position in Alphabet reinforces confidence from large investors. That can underpin demand for shares. Berkshire Is Sitting On Google Gains
• Neutral Sentiment: Routine insider selling disclosed — small sales by a director and the CAO (hundreds of shares) are noted by the market but are modest relative to their holdings and not uncommon. Frances Arnold Sells 112 Shares
• Neutral Sentiment: Short‑interest reporting appears anomalous (zero/NaN in recent feeds) — no clear short squeeze or covering signal from the data provided. Short interest report (data flagged)
• Negative Sentiment: Play Store settlement cuts commissions — Google will lower Play Store commissions to 20% (plus up to 5% for Google billing), which may reduce Play/Android monetization and is a near‑term revenue headwind. Google settles with Epic Games
• Negative Sentiment: AI safety/legal overhang — a wrongful‑death suit alleges harmful instructions from the Gemini chatbot, creating reputational, regulatory and litigation risk for Alphabet’s AI business. Gemini wrongful-death suit
• Negative Sentiment: Waymo safety and regulatory scrutiny — recent incidents and NTSB probes raise execution and regulatory risk for Alphabet’s autonomous‑driving unit, which could pressure investor sentiment on non‑core bets. Waymo Faces Mounting Scrutiny
• Negative Sentiment: Macro/geopolitical tech pullback — regional tensions and related operational impacts (e.g., Dubai) are compressing tech multiples and weighing on large‑cap names like Alphabet. Rising Tensions Force Tech Pullback

Alphabet Stock Down 0.7%

Shares of Alphabet stock opened at $300.88 on Friday. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $349.00. The company has a market capitalization of $3.64 trillion, a P/E ratio of 27.83, a PEG ratio of 1.77 and a beta of 1.10. The business’s fifty day moving average price is $320.22 and its two-hundred day moving average price is $285.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. As a group, research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, March 9th. Alphabet’s payout ratio is presently 7.77%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GOOGL shares. Robert W. Baird raised their price objective on shares of Alphabet from $310.00 to $350.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Piper Sandler reaffirmed an “overweight” rating and issued a $395.00 target price (up from $365.00) on shares of Alphabet in a research report on Thursday, February 5th. Loop Capital lifted their price target on shares of Alphabet from $320.00 to $355.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Argus upped their target price on Alphabet from $365.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, Mizuho upped their price target on Alphabet from $400.00 to $410.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Three analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $366.57.

Alphabet Company 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.