ICICI Prudential Asset Management Co Ltd Has $8.83 Million Stock Position in Alphabet Inc. $GOOGL

ICICI Prudential Asset Management Co Ltd grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 11.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,311 shares of the information services provider’s stock after purchasing an additional 3,664 shares during the quarter. Alphabet comprises about 0.9% of ICICI Prudential Asset Management Co Ltd’s investment portfolio, making the stock its 26th biggest position. ICICI Prudential Asset Management Co Ltd’s holdings in Alphabet were worth $8,827,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GOOGL. Brooktree Capital Management acquired a new position in shares of Alphabet in the second quarter valued at $352,000. Griffin Asset Management Inc. grew its stake in Alphabet by 13.9% during the third quarter. Griffin Asset Management Inc. now owns 58,731 shares of the information services provider’s stock worth $14,277,000 after buying an additional 7,180 shares during the last quarter. Sovran Advisors LLC grew its position in Alphabet by 23.6% during the 3rd quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider’s stock worth $5,401,000 after acquiring an additional 4,241 shares during the last quarter. Birchcreek Wealth Management LLC increased its stake in shares of Alphabet by 2.9% in the second quarter. Birchcreek Wealth Management LLC now owns 8,028 shares of the information services provider’s stock valued at $1,415,000 after buying an additional 223 shares in the last quarter. Finally, Centerpoint Advisory Group increased its position in Alphabet by 21.0% in the 2nd quarter. Centerpoint Advisory Group now owns 2,407 shares of the information services provider’s stock valued at $424,000 after acquiring an additional 418 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $306.73, for a total value of $184,038.00. Following the completion of the sale, the director directly owned 20,624 shares in the company, valued at approximately $6,325,999.52. This trade represents a 2.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frances Arnold sold 112 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $302.99, for a total value of $33,934.88. Following the transaction, the director directly owned 18,418 shares in the company, valued at approximately $5,580,469.82. This trade represents a 0.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,079,993 shares of company stock worth $108,745,244 in the last 90 days. 11.64% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company set a $354.00 target price on Alphabet and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Sanford C. Bernstein raised their price target on Alphabet from $305.00 to $335.00 and gave the stock a “market perform” rating in a research report on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a report on Wednesday, January 21st. UBS Group set a $348.00 price target on Alphabet and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Finally, Barclays reissued an “overweight” rating and set a $360.00 price objective (up from $315.00) on shares of Alphabet in a research report on Thursday, February 5th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-three have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $366.57.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Large commercial win for Google Cloud — CVS will use Google Cloud to launch an AI‑enabled health platform, a meaningful enterprise contract that validates recurring cloud/AI revenue potential. CVS taps Google Cloud
• Positive Sentiment: Bullish industry/analyst tone on AI adoption — reports projecting large AI spending and recent analyst price‑target increases support a higher long‑term revenue multiple for Google Cloud and Gemini. Gartner Says AI Spending Will Hit $2.5 Trillion
• Positive Sentiment: Institutional backing spotlighted — coverage noting Berkshire Hathaway’s profitable position in Alphabet reinforces confidence from large investors. That can underpin demand for shares. Berkshire Is Sitting On Google Gains
• Neutral Sentiment: Routine insider selling disclosed — small sales by a director and the CAO (hundreds of shares) are noted by the market but are modest relative to their holdings and not uncommon. Frances Arnold Sells 112 Shares
• Neutral Sentiment: Short‑interest reporting appears anomalous (zero/NaN in recent feeds) — no clear short squeeze or covering signal from the data provided. Short interest report (data flagged)
• Negative Sentiment: Play Store settlement cuts commissions — Google will lower Play Store commissions to 20% (plus up to 5% for Google billing), which may reduce Play/Android monetization and is a near‑term revenue headwind. Google settles with Epic Games
• Negative Sentiment: AI safety/legal overhang — a wrongful‑death suit alleges harmful instructions from the Gemini chatbot, creating reputational, regulatory and litigation risk for Alphabet’s AI business. Gemini wrongful-death suit
• Negative Sentiment: Waymo safety and regulatory scrutiny — recent incidents and NTSB probes raise execution and regulatory risk for Alphabet’s autonomous‑driving unit, which could pressure investor sentiment on non‑core bets. Waymo Faces Mounting Scrutiny
• Negative Sentiment: Macro/geopolitical tech pullback — regional tensions and related operational impacts (e.g., Dubai) are compressing tech multiples and weighing on large‑cap names like Alphabet. Rising Tensions Force Tech Pullback

Alphabet Stock Down 0.7%

GOOGL stock opened at $300.88 on Friday. The company has a market cap of $3.64 trillion, a price-to-earnings ratio of 27.83, a P/E/G ratio of 1.77 and a beta of 1.10. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $349.00. The business has a 50 day moving average price of $320.22 and a two-hundred day moving average price of $285.01. 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:GOOGL) last released its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.57 by $0.25. The company had revenue of $113.83 billion during 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%. Analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders 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 dividend yield of 0.3%. Alphabet’s payout ratio is currently 7.77%.

Alphabet 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.