Alphabet Inc. $GOOGL Stock Holdings Trimmed by Manitou Investment Management Ltd.

Manitou Investment Management Ltd. reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,923 shares of the information services provider’s stock after selling 2,435 shares during the period. Alphabet makes up 15.5% of Manitou Investment Management Ltd.’s holdings, making the stock its 2nd largest position. Manitou Investment Management Ltd.’s holdings in Alphabet were worth $83,597,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Alphabet by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock valued at $165,567,398,000 after acquiring an additional 12,531,695 shares in the last quarter. State Street Corp boosted its stake in Alphabet by 1.8% in the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock worth $40,524,841,000 after purchasing an additional 4,008,374 shares in the last quarter. Geode Capital Management LLC boosted its stake in Alphabet by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 146,193,037 shares of the information services provider’s stock worth $45,625,595,000 after purchasing an additional 2,666,676 shares in the last quarter. Norges Bank purchased a new stake in Alphabet during the 4th quarter worth approximately $30,534,239,000. Finally, Bank of America Corp DE grew its position in Alphabet by 4.9% during the 4th quarter. Bank of America Corp DE now owns 69,108,183 shares of the information services provider’s stock worth $21,630,861,000 after purchasing an additional 3,218,852 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet disclosed that it still owns a substantial stake in SpaceX, an investment that has reportedly generated an exceptional return since 2015. The holding could provide significant balance-sheet value, although it does not directly improve Alphabet’s operating earnings. Google Parent Alphabet Just Revealed How Many SpaceX Shares It Owns
• Positive Sentiment: Google launched Gemini 3.7 Flash, targeting software coding and automated business workflows. The release supports Alphabet’s effort to monetize Gemini through enterprise and developer use, though investors noted that Google provided no timing for its flagship Pro model. Google unveils Gemini 3.7 Flash AI model
• Positive Sentiment: A new partnership with Zocdoc will allow users to book healthcare appointments directly through the Gemini app. The initiative adds a practical, potentially commercial use case for Gemini while emphasizing data privacy. Gemini and Zocdoc launch AI doctor booking
• Positive Sentiment: Ryanair signed a five-year Google Cloud agreement covering Gemini, DeepMind and Workspace across approximately 35,000 employees. The contract adds evidence of enterprise demand for Google’s cloud and AI offerings. Ryanair signs five-year Google Cloud deal
• Neutral Sentiment: Google unveiled Pixel 11 devices, Pixel Watch 5 and a $29 Pixel Tag, with Gemini integration as the main product theme. The launches strengthen Alphabet’s consumer ecosystem, but limited hardware changes make their sales impact uncertain. Google unveils Pixel 11 lineup
• Negative Sentiment: Zacks Research downgraded Alphabet from “strong buy” to “hold,” citing the stock’s pullback, heavy AI spending and pressure on cash flow despite strong Cloud growth and a reported $514 billion backlog. GOOGL down from 52-week high
• Negative Sentiment: Prediction-market odds for an imminent Gemini Pro launch collapsed, raising concerns that Google may be moving slower than expected in the frontier-AI race. Separately, Nvidia’s major financing and chip initiative could intensify competition with Alphabet’s custom AI hardware. Traders slash odds on imminent Gemini Pro launch
• Negative Sentiment: Pomerantz LLP said it is investigating potential claims on behalf of Alphabet investors. The announcement does not establish wrongdoing, but adds legal and headline risk. Pomerantz investor alert

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of research analyst reports. HSBC reaffirmed a “buy” rating and issued a $420.00 price target (down from $435.00) on shares of Alphabet in a report on Tuesday, June 2nd. Wells Fargo & Company set a $411.00 price objective on shares of Alphabet and gave the company an “overweight” rating in a report on Thursday, July 23rd. Canaccord Genuity Group raised their target price on Alphabet from $415.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. KeyCorp lifted their price target on Alphabet from $425.00 to $445.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Finally, Robert W. Baird boosted their price target on Alphabet from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Five analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $419.86.

Insider Buying and Selling

In other news, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the completion of the transaction, the insider directly owned 75,290 shares of the company’s stock, valued at $26,298,044.10. The trade was a 10.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $368.63, for a total transaction of $387,061.50. Following the completion of the transaction, the director owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. This represents a 41.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 451,945 shares of company stock valued at $12,382,714 in the last ninety days. Insiders own 11.61% of the company’s stock.

Alphabet Price Performance

NASDAQ:GOOGL opened at $346.36 on Friday. The firm’s fifty day moving average is $354.11 and its two-hundred day moving average is $341.06. The firm has a market cap of $4.24 trillion, a price-to-earnings ratio of 17.40, a PEG ratio of 0.96 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet Inc. has a one year low of $196.60 and a one year high of $408.61.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Research analysts expect that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet’s dividend payout ratio (DPR) is currently 4.42%.

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.