Nippon Life Global Investors Americas Inc. Sells 23,360 Shares of Alphabet Inc. $GOOG

Nippon Life Global Investors Americas Inc. cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 5.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 440,230 shares of the information services provider’s stock after selling 23,360 shares during the quarter. Alphabet comprises 6.0% of Nippon Life Global Investors Americas Inc.’s portfolio, making the stock its 4th largest holding. Nippon Life Global Investors Americas Inc.’s holdings in Alphabet were worth $150,004,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in GOOG. Verus Financial Partners Inc. raised its holdings in shares of Alphabet by 6.9% during the third quarter. Verus Financial Partners Inc. now owns 1,324 shares of the information services provider’s stock valued at $451,000 after acquiring an additional 86 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Alphabet in the third quarter worth $777,941,000. ARQ Wealth Advisors LLC lifted its stake in Alphabet by 1.7% in the third quarter. ARQ Wealth Advisors LLC now owns 3,080 shares of the information services provider’s stock worth $1,049,000 after acquiring an additional 50 shares during the period. SFE Investment Counsel boosted its holdings in Alphabet by 0.3% in the third quarter. SFE Investment Counsel now owns 32,324 shares of the information services provider’s stock valued at $11,014,000 after acquiring an additional 91 shares in the last quarter. Finally, Northern Financial Advisors Inc boosted its holdings in Alphabet by 52.5% in the third quarter. Northern Financial Advisors Inc now owns 2,880 shares of the information services provider’s stock valued at $981,000 after acquiring an additional 991 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to about $30.7 billion, and the company has a substantial backlog. A report that OpenAI is interested in buying Google’s AI chips could also help Alphabet monetize its infrastructure investment. OpenAI Wants to Buy Google AI Chips
• Positive Sentiment: Alphabet is reportedly in preliminary discussions related to the U.S. Defense Department’s Golden Dome initiative. A contract could diversify revenue and help generate returns on its AI infrastructure, though no agreement is confirmed. Alphabet’s Golden Dome Talks Could Open a New Market
• Neutral Sentiment: Google says it will make AI tools opt-in for K–12 accounts, but the changes have drawn political criticism after reports that schools restricting AI could also lose Search by default. The controversy may create reputational risk, while the effect on revenue is unclear. Google responds to political backlash over removing search from schools
• Negative Sentiment: The latest quarter’s $2.12 per-share earnings missed analyst expectations, while aggressive AI investment pushed free cash flow into negative territory. Investors are also weighing expectations for higher capital spending, which could pressure cash flow further before the investments pay off. Alphabet’s Free Cash Flow Just Turned Negative
• Negative Sentiment: Several law firms publicized an existing securities class action concerning alleged disclosures about Gemini 3.5 Pro’s training results. The announcements add legal and headline risk, but are not findings of wrongdoing. Alphabet securities class action deadline notice

Insider Activity

In related news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the transaction, the director directly owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 247 shares of company stock valued at $79,238. 12.99% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of research analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $350.00 price objective on shares of Alphabet in a research report on Thursday, October 29th. Phillip Securities raised shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating and dropped their target price for the stock from $450.00 to $425.00 in a research report on Monday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $475.00 target price on shares of Alphabet in a research report on Thursday, July 23rd. Moffett Nathanson reduced their price target on shares of Alphabet from $380.00 to $370.00 and set a “buy” rating on the stock in a research report on Wednesday, September 16th. Finally, Citigroup downgraded shares of Alphabet from a “market outperform” rating to a “market perform” rating in a research note on Thursday, October 29th. Six analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average price target of $413.38.

Alphabet Price Performance

Shares of GOOG stock opened at $278.27 on Wednesday. The business’s fifty day moving average is $333.13 and its 200 day moving average is $337.67. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. The stock has a market cap of $3.40 trillion, a price-to-earnings ratio of 14.52, a PEG ratio of 0.84 and a beta of 1.21. Alphabet Inc. has a twelve month low of $271.41 and a twelve month high of $404.47.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.01 by ($0.89). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The firm had revenue of $127.58 billion for the quarter, compared to analysts’ expectations of $127.97 billion. During the same period in the prior year, the business posted $2.87 EPS. The business’s quarterly revenue was up 24.7% compared to the same quarter last year. Research analysts expect that Alphabet Inc. will post 19.80 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet’s dividend payout ratio (DPR) is presently 4.59%.

Alphabet Profile

Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google’s principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.