Alphabet Inc. $GOOG Stock Position Raised by ICICI Prudential Asset Management Co Ltd

ICICI Prudential Asset Management Co Ltd raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 8.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,873 shares of the information services provider’s stock after acquiring an additional 6,087 shares during the quarter. Alphabet makes up 2.1% of ICICI Prudential Asset Management Co Ltd’s investment portfolio, making the stock its 10th largest position. ICICI Prudential Asset Management Co Ltd’s holdings in Alphabet were worth $19,453,000 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 GOOG. Norges Bank acquired a new position in shares of Alphabet during the 2nd quarter worth approximately $4,298,572,000. JPMorgan Chase & Co. increased its position in Alphabet by 8.6% during the third quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider’s stock worth $24,240,469,000 after buying an additional 7,904,434 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Alphabet by 1.3% in the second quarter. Vanguard Group Inc. now owns 416,753,033 shares of the information services provider’s stock worth $73,927,821,000 after acquiring an additional 5,182,111 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Alphabet by 73.5% in the third quarter. Assenagon Asset Management S.A. now owns 9,808,152 shares of the information services provider’s stock valued at $2,388,775,000 after acquiring an additional 4,154,929 shares in the last quarter. Finally, Laurel Wealth Advisors LLC boosted its stake in shares of Alphabet by 17,547.9% during the second quarter. Laurel Wealth Advisors LLC now owns 4,122,727 shares of the information services provider’s stock valued at $731,331,000 after acquiring an additional 4,099,366 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts and brokers have raised price targets and highlighted AI/cloud upside (UBS, Canaccord), citing Gemini adoption and generative‑AI capex that could add meaningful cloud revenue. UBS generative AI capex note
• Positive Sentiment: Alphabet committed to a major $15B America‑India Connect initiative and announced partnerships (Zillow, Sea) that expand Gemini/Cloud into verticals — positive for long‑term cloud/ads monetization and market reach. America-India Connect announcement
• Positive Sentiment: Notable institutional buying from hedge funds (e.g., Appaloosa/Tepper, Altimeter, Viking) signals conviction in Alphabet’s AI/Cloud thesis and can support the stock through execution milestones. Appaloosa increases stake
• Neutral Sentiment: Product demos (Gemini AI coach, music features) and consumer launches (Pixel device with AI features) improve user engagement and positioning but are not immediate revenue drivers. Gemini demo on CNBC
• Neutral Sentiment: Reported short‑interest data for February shows anomalies (zeros/NaN) and provides no clear bearish signal at present; treat the statistic cautiously until reconciled.
• Negative Sentiment: Insider selling: senior execs disclosed sizable sales (Sundar Pichai, John Kent Walker), which markets often view as a modest near‑term negative signal despite normal tax/liquidity reasons. Pichai sale filing Walker sale filing
• Negative Sentiment: Legal/IP risk: prosecutors have charged engineers in an alleged scheme to steal Google trade secrets and pass files abroad — reputational and security concerns that could invite regulatory scrutiny. Trade-secrets indictment
• Negative Sentiment: Execution/supply risks: DeepMind’s CEO warned that memory‑chip shortages constrain agentic AI research/deployment, which could slow rollout timing or raise costs for compute‑intensive initiatives. DeepMind chip shortage comments
• Negative Sentiment: Several institutional investors disclosed trims (Pershing Square, Longview, others). Broad portfolio rebalancing can weigh on near‑term sentiment even if longer‑term AI momentum remains. Pershing Square trim

Alphabet Stock Performance

NASDAQ:GOOG opened at $314.90 on Monday. The company has a market cap of $3.81 trillion, a P/E ratio of 29.13, a P/E/G ratio of 1.85 and a beta of 1.10. The firm’s 50 day moving average is $320.95 and its two-hundred day moving average is $280.08. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $350.15. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.23. The company had revenue of $113.83 billion during the quarter, compared to analysts’ expectations of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.15 EPS. Analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, March 9th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio is currently 7.77%.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $327.30, for a total value of $10,637,250.00. Following the transaction, the chief executive officer owned 2,211,872 shares in the company, valued at approximately $723,945,705.60. This trade represents a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $312.30, for a total transaction of $867,569.40. Following the sale, the chief accounting officer owned 8,962 shares of the company’s stock, valued at approximately $2,798,832.60. This represents a 23.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 2,112,482 shares of company stock valued at $119,145,289. 12.99% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Mizuho set a $325.00 target price on shares of Alphabet in a report on Thursday, October 30th. Truist Financial set a $350.00 price objective on shares of Alphabet in a research report on Friday, December 5th. Barclays upped their price objective on shares of Alphabet from $250.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $375.00 target price on shares of Alphabet in a research note on Thursday, January 15th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $345.00 price target on shares of Alphabet in a research note on Thursday, February 5th. Eight equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $343.90.

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.