Alphabet Inc. $GOOGL Stock: Rakuten Investment Management Inc. Raises Position

Rakuten Investment Management Inc. lifted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 10.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,240,497 shares of the information services provider’s stock after acquiring an additional 120,600 shares during the quarter. Alphabet accounts for about 1.0% of Rakuten Investment Management Inc.’s investment portfolio, making the stock its 10th largest holding. Rakuten Investment Management Inc.’s holdings in Alphabet were worth $422,910,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. EMC Capital Management purchased a new position in Alphabet in the second quarter worth about $35,000. Core Capital Management & Research inc. bought a new stake in shares of Alphabet during the 2nd quarter valued at about $41,000. Intelligent Financial Strategies purchased a new stake in shares of Alphabet during the 3rd quarter valued at about $41,000. Premier Financial Group purchased a new stake in shares of Alphabet during the 2nd quarter valued at about $45,000. Finally, Graney & King LLC increased its position in shares of Alphabet by 38.5% during the 2nd quarter. Graney & King LLC now owns 180 shares of the information services provider’s stock valued at $64,000 after purchasing an additional 50 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Price Performance

GOOGL stock opened at $298.70 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. The company’s fifty day moving average price is $329.12 and its 200-day moving average price is $338.21. Alphabet Inc. has a one year low of $270.70 and a one year high of $408.61. The company has a market capitalization of $3.67 trillion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 0.88 and a beta of 1.23.

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

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, December 7th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet’s dividend payout ratio is currently 4.59%.

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 19,076 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. In the last ninety days, insiders sold 247 shares of company stock worth $79,238. 11.61% of the stock is currently owned by corporate insiders.

Top Alphabet Stories

Investors following GOOGL have been watching these stories:

• Positive Sentiment: Recent coverage points to Google Cloud’s growth and Alphabet’s AI investments as potential long-term drivers. Berkshire Hathaway has also built a sizable Alphabet position, buying more than 60 million shares since Greg Abel became CEO, a notable vote of confidence. Warren Buffett’s Successor, Greg Abel, Has Nearly $110 Billion Invested in These 2 Tech Stocks
• Neutral Sentiment: Alphabet is reportedly planning its first Hong Kong- and Singapore-dollar bond sale. The deal could diversify its funding, though investors may also watch how borrowing fits with already elevated AI infrastructure spending. Alphabet Eyes Bond Sales
• Negative Sentiment: A lawsuit against Google and other AI developers seeks to halt frontier AI development, creating potential regulatory and operational uncertainty. Separately, securities class actions allege investors were misled about Gemini development and disclosures; the allegations are not proven, but add legal overhang. Lawsuit Seeks to Halt Frontier AI Development

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GOOGL. UBS Group set a $332.00 target price on shares of Alphabet and gave the company a “neutral” rating in a research report on Thursday, October 29th. JPMorgan Chase & Co. increased their price target on shares of Alphabet from $420.00 to $425.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. Royal Bank Of Canada decreased their price target on shares of Alphabet from $425.00 to $400.00 and set an “outperform” rating on the stock in a research report on Thursday, October 29th. Wedbush dropped their price target on shares of Alphabet from $445.00 to $387.00 and set an “outperform” rating on the stock in a research note on Thursday, October 29th. Finally, Wall Street Zen downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Five analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $412.51.

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.