Alphabet Inc. $GOOG Holdings Boosted by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. raised its position in Alphabet Inc. (NASDAQ:GOOG) by 1.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,564,677 shares of the information services provider’s stock after buying an additional 22,183 shares during the quarter. Alphabet comprises about 2.2% of Resona Asset Management Co. Ltd.’s holdings, making the stock its 6th largest position. Resona Asset Management Co. Ltd.’s holdings in Alphabet were worth $444,832,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Demars Financial Group LLC boosted its holdings in shares of Alphabet by 3.7% in the first quarter. Demars Financial Group LLC now owns 7,184 shares of the information services provider’s stock valued at $2,061,000 after acquiring an additional 254 shares in the last quarter. Isthmus Partners LLC raised its holdings in Alphabet by 37.6% during the first quarter. Isthmus Partners LLC now owns 2,544 shares of the information services provider’s stock worth $730,000 after purchasing an additional 695 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich raised its holdings in Alphabet by 4.3% during the first quarter. Munich Reinsurance Co Stock Corp in Munich now owns 355,334 shares of the information services provider’s stock worth $101,931,000 after purchasing an additional 14,530 shares in the last quarter. Capstone Capital Management Ltd lifted its position in Alphabet by 830.5% in the first quarter. Capstone Capital Management Ltd now owns 7,323 shares of the information services provider’s stock valued at $2,101,000 after purchasing an additional 6,536 shares during the period. Finally, Austin Asset Management Co Inc lifted its position in Alphabet by 27.7% in the first quarter. Austin Asset Management Co Inc now owns 2,935 shares of the information services provider’s stock valued at $842,000 after purchasing an additional 637 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus set a $420.00 target price on Alphabet in a research note on Wednesday, May 20th. TD Cowen upped their price objective on Alphabet from $450.00 to $475.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Zacks Research upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Scotiabank reissued an “outperform” rating and issued a $450.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. Five analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $378.53.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $355.03 on Monday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.30 trillion, a P/E ratio of 27.08, a P/E/G ratio of 1.52 and a beta of 1.23. Alphabet Inc. has a 52-week low of $177.54 and a 52-week high of $404.47. The stock’s fifty day simple moving average is $369.81 and its 200-day simple moving average is $335.38.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $2.43. The business had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.81 earnings per share. As a group, equities research analysts forecast that Alphabet Inc. will post 14.32 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were issued a $0.22 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet’s payout ratio is presently 6.71%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Several pieces highlighted Alphabet’s durable AI and cloud execution, including commentary that its distribution across Search, Android, YouTube, and Google Cloud gives it an edge in monetizing AI better than many rivals.
• Positive Sentiment: Analysts and market commentary remained constructive, with Zacks upgrading Alphabet to “strong-buy,” and multiple reports saying the stock still looks undervalued after its strong rally and may have further upside from current levels.
• Positive Sentiment: Alphabet’s cloud and AI ecosystem continues to draw positive coverage, including a new agentic AI collaboration with Accenture and reports that digital demand and data-center growth could support the business in the second half of 2026.
• Positive Sentiment: Long-term confidence also got a boost from comments that Alphabet could be a winner in the AI race due to its massive distribution footprint and ability to turn AI spending into real returns.
• Neutral Sentiment: Alphabet’s search product set a record for queries per second during the World Cup, reinforcing the strength of its core franchise, though this is more of a usage signal than a direct earnings catalyst.
• Neutral Sentiment: Waymo’s plan to expand driverless rides to more cities supports Alphabet’s optionality in autonomous vehicles, but the impact on near-term stock performance is likely limited.
• Negative Sentiment: News that Google and OpenAI provided AI model access to Singapore-based affiliates of Chinese firms has renewed policy and export-control concerns, which could raise regulatory risk around AI distribution.
• Negative Sentiment: Alphabet is also facing more scrutiny abroad, including the UK bringing Google cloud services under direct oversight and an ongoing legal fight in India over its ads platform.
• Negative Sentiment: Some traders remain cautious about competition, with reports suggesting Meta could challenge Google’s AI leadership and that Alphabet’s recent price action has lagged broader tech at times.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $393.26, for a total transaction of $412,923.00. Following the transaction, the director owned 2,531 shares of the company’s stock, valued at $995,341.06. This represents a 29.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider John Kent Walker sold 8,998 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the sale, the insider owned 75,290 shares in the company, valued at $26,298,044.10. This trade represents a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 160,465 shares of company stock worth $8,020,511 in the last three months. 12.99% of the stock is currently owned by insiders.

Alphabet Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.