Sumitomo Life Insurance Co. Has $56.28 Million Holdings in Alphabet Inc. $GOOGL

Sumitomo Life Insurance Co. boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 25.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 231,520 shares of the information services provider’s stock after buying an additional 46,976 shares during the period. Alphabet accounts for approximately 1.7% of Sumitomo Life Insurance Co.’s holdings, making the stock its 13th largest position. Sumitomo Life Insurance Co.’s holdings in Alphabet were worth $56,283,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GOOGL. Financial Gravity Companies Inc. acquired a new stake in shares of Alphabet during the 2nd quarter worth about $31,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Alphabet during the third quarter worth about $53,000. Corsicana & Co. acquired a new stake in shares of Alphabet during the third quarter worth approximately $54,000. Sellwood Investment Partners LLC acquired a new stake in shares of Alphabet during the third quarter worth approximately $63,000. Finally, Vermillion & White Wealth Management Group LLC raised its stake in shares of Alphabet by 37.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock valued at $57,000 after acquiring an additional 89 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Price Performance

Alphabet stock opened at $307.04 on Wednesday. The firm has a market capitalization of $3.71 trillion, a P/E ratio of 28.40, a PEG ratio of 1.79 and a beta of 1.10. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $349.00. The business has a 50-day moving average of $319.65 and a 200-day moving average of $288.33. 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:GOOGL) last announced its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. On average, equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be issued a $0.21 dividend. 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 (DPR) is 7.77%.

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $321.21, for a total value of $10,439,325.00. Following the completion of the transaction, the chief executive officer owned 2,244,372 shares of the company’s stock, valued at $720,914,730.12. The trade was a 1.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $312.30, for a total value of $867,569.40. Following the sale, the chief accounting officer directly owned 8,962 shares in the company, valued at $2,798,832.60. The trade was a 23.66% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 2,112,493 shares of company stock valued at $118,605,094. 11.55% of the stock is owned by company insiders.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Canal+ signed a multi‑year deal to use Google Cloud’s generative AI across production and streaming (content recommendation and video production), a direct revenue and platform‑adoption win for Google Cloud. Canal+ taps Google’s AI for video production, content recommendation
• Positive Sentiment: Broader media interest in AI (e.g., Netflix’s AI efforts followed by Canal+) reinforces recurring‑revenue and platform opportunities for Google’s AI/ads stack. This narrative supports upside for Cloud and Ads monetization. Netflix’s AI Drive Followed by This TV Group. It Just Struck a Deal With Google.
• Positive Sentiment: An analyst upgrade is cited as pushing trading momentum higher today, lending short‑term bullish catalyst and validating near‑term expectations for Cloud/AI growth. Alphabet (NASDAQ:GOOGL) Trading 2.6% Higher on Analyst Upgrade
• Positive Sentiment: MarketBeat technical/flow analysis highlights a pullback to ~$300 as a defended support, plus continued institutional inflows and lofty analyst price targets — a constructive backdrop for investors viewing the dip as a buying opportunity. Alphabet’s Pullback May Be Opening a New Entry Point
• Neutral Sentiment: Google is expanding AI agent tooling for the Pentagon and civilian use (Agent Designer / GenAI.mil). This can drive cloud/AI spend but raises policy and reputational complexity amid legal disputes involving other AI vendors. Google deepens Pentagon AI push after Anthropic sues Trump administration
• Neutral Sentiment: Google is part of industry efforts (with Tesla and others) on grid/utilization initiatives — long‑term strategic but unlikely to move near‑term revenue materially. Google and Tesla think we’re managing the electrical grid all wrong
• Negative Sentiment: Microsoft’s dual‑model AI strategy and deep Anthropic/OpenAI ties reinforce Azure’s competitive edge for enterprise AI workloads, representing a meaningful cloud/AI market risk for Google. Microsoft Positioned to Win AI Race With Dual-Model Strategy (GOOGL)
• Negative Sentiment: Scrutiny over Sundar Pichai’s $692M compensation package tied to unprofitable “moonshot” targets may raise governance concerns among some investors. Alphabet CEO Sundar Pichai’s new $692 million compensation package hinges on the success of two Google moonshots that aren’t making any money

Analysts Set New Price Targets

GOOGL has been the subject of a number of recent analyst reports. President Capital raised their price target on Alphabet from $323.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a report on Wednesday, January 21st. Guggenheim reiterated a “buy” rating and set a $375.00 price target (up from $330.00) on shares of Alphabet in a research report on Monday, December 1st. Rosenblatt Securities increased their price objective on shares of Alphabet from $279.00 to $357.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $400.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Three 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $367.18.

About Alphabet

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.