Alphabet Inc. $GOOG is Resona Asset Management Co. Ltd.’s 6th Largest Position

Resona Asset Management Co. Ltd. raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,564,677 shares of the information services provider’s stock after acquiring an additional 22,183 shares during the quarter. Alphabet accounts for about 2.2% of Resona Asset Management Co. Ltd.’s investment portfolio, making the stock its 6th largest holding. Resona Asset Management Co. Ltd.’s holdings in Alphabet were worth $444,832,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GOOG. Imprint Wealth LLC acquired a new stake in Alphabet in the 3rd quarter valued at $31,000. Nvest Wealth Strategies Inc. acquired a new position in shares of Alphabet during the fourth quarter worth about $38,000. Lifetime Wealth Management P.C. purchased a new stake in shares of Alphabet in the fourth quarter worth about $38,000. Bard Associates Inc. purchased a new stake in shares of Alphabet in the fourth quarter worth about $41,000. Finally, Towne Trust Company N.A grew its stake in shares of Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after buying an additional 34 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

More Alphabet News

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.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Stifel Nicolaus set a $420.00 price target on Alphabet in a research report on Wednesday, May 20th. Zacks Research upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Citigroup reissued a “market outperform” rating on shares of Alphabet in a research report on Monday, June 22nd. Truist Financial set a $430.00 price objective on Alphabet in a research note on Monday, June 1st. Finally, JPMorgan Chase & Co. lifted their price objective on Alphabet from $395.00 to $460.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Five research 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 stock. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Buy” and an average price target of $378.53.

Alphabet Price Performance

Shares of Alphabet stock opened at $355.03 on Monday. The business has a 50-day moving average price of $369.81 and a 200 day moving average price of $335.38. Alphabet Inc. has a fifty-two week low of $177.54 and a fifty-two week high of $404.47. The firm has a market cap 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. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.96 billion. During the same period last year, the business posted $2.81 earnings per share. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, sell-side analysts forecast that Alphabet Inc. will post 14.32 earnings per share for the current fiscal year.

Alphabet Increases Dividend

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

Insider Transactions at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frances Arnold sold 112 shares of the stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total transaction of $39,343.36. Following the completion of the sale, the director directly owned 18,833 shares in the company, valued at approximately $6,615,656.24. This trade represents a 0.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 160,465 shares of company stock valued at $8,020,511 over the last three months. 12.99% of the stock is currently owned by company 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.