WT Asset Management Ltd Buys Shares of 500,317 Alphabet Inc. $GOOG

WT Asset Management Ltd purchased a new stake in Alphabet Inc. (NASDAQ:GOOG) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 500,317 shares of the information services provider’s stock, valued at approximately $121,852,000. Alphabet makes up 5.6% of WT Asset Management Ltd’s investment portfolio, making the stock its 7th largest holding.

Several other institutional investors have also recently made changes to their positions in GOOG. Norges Bank acquired a new stake in Alphabet during the second quarter worth $4,298,572,000. JPMorgan Chase & Co. grew its holdings in shares of Alphabet by 8.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider’s stock worth $24,240,469,000 after purchasing an additional 7,904,434 shares during the period. Vanguard Group Inc. increased its position in shares of Alphabet by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 416,753,033 shares of the information services provider’s stock worth $73,927,821,000 after purchasing an additional 5,182,111 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Alphabet by 73.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 9,808,152 shares of the information services provider’s stock worth $2,388,775,000 after purchasing an additional 4,154,929 shares during the last quarter. Finally, Laurel Wealth Advisors LLC raised its holdings in Alphabet by 17,547.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,122,727 shares of the information services provider’s stock valued at $731,331,000 after buying an additional 4,099,366 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wells Fargo upgraded GOOG to a “strong-buy”/Overweight, citing renewed conviction after recent rallies and AI progress — this upgrade and related media coverage are lifting investor sentiment. Wells Fargo upgrade (Zacks)
• Positive Sentiment: Zillow announced a partnership to integrate home‑buying guidance with Google’s NotebookLM, a visible commercial win for Google Cloud / AI product integrations that can support cloud revenue and platform monetization. Zillow & Google partnership (Yahoo)
• Positive Sentiment: MarketBeat highlights underappreciated assets — Alphabet’s Anthropic stake, early SpaceX investment and Gemini distribution on billions of devices — which add optionality beyond core ads and reinforce a bullish long-term narrative. Alphabet’s hidden edge (MarketBeat)
• Positive Sentiment: Mizuho and other firms have reiterated Outperform/Buy calls and raised price targets (median recent target near $370, several much higher), reinforcing analyst support that can prop up the stock. Mizuho reiteration (Yahoo)
• Neutral Sentiment: Industry analysis (Bridgewater) expects ~ $650B of Big Tech AI capex in 2026 — this validates the AI opportunity but underscores material near‑term spending that will weigh on free cash flow; investors are parsing timing vs. payoff. Big Tech AI capex (Reuters)
• Negative Sentiment: Insider selling headlines persist — filings show large sales by senior executives (including the CEO), which can pressure sentiment even as management says sales are routine. Insider selling report (American Banking News)
• Negative Sentiment: Social and investor commentary (QuiverQuant summaries, Michael Burry warning) flag concerns that aggressive AI accounting or depreciation choices and capex could mask true costs and reduce near‑term FCF — a risk that can cap upside while investors reassess margins. Capex & investor debate (QuiverQuant)

Alphabet Stock Down 1.0%

Shares of NASDAQ GOOG opened at $311.69 on Tuesday. The stock has a market cap of $3.77 trillion, a P/E ratio of 28.83, a PEG ratio of 1.85 and a beta of 1.10. The business’s fifty day simple moving average is $321.00 and its 200-day simple moving average is $280.89. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $350.15. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.23. The company had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.Alphabet’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.15 EPS. As a group, equities analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company 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. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 7.77%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GOOG. KeyCorp set a $370.00 price target on shares of Alphabet in a research report on Thursday, February 5th. DA Davidson set a $300.00 target price on shares of Alphabet in a report on Tuesday, November 25th. Guggenheim reissued a “buy” rating and issued a $375.00 target price on shares of Alphabet in a research report on Monday, December 1st. Wolfe Research boosted their price objective on Alphabet from $290.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Finally, Citigroup reissued a “market outperform” rating on shares of Alphabet in a research note on Wednesday, December 17th. Nine research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $343.90.

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $327.30, for a total transaction of $10,637,250.00. Following the completion of the sale, the chief executive officer directly owned 2,211,872 shares of the company’s stock, valued at approximately $723,945,705.60. The trade was a 1.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the stock in a transaction on Friday, January 30th. The shares were sold at an average price of $19.00, for a total value of $35,060,852.00. The SEC filing for this sale provides additional information. Insiders have sold 2,112,482 shares of company stock worth $119,145,289 over the last three months. Insiders own 12.99% of the company’s stock.

Alphabet Company 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.