Healthcare of Ontario Pension Plan Trust Fund Acquires 173,337 Shares of Alphabet Inc. $GOOGL

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 4.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,547,907 shares of the information services provider’s stock after purchasing an additional 173,337 shares during the quarter. Alphabet accounts for about 2.1% of Healthcare of Ontario Pension Plan Trust Fund’s holdings, making the stock its 8th biggest holding. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Alphabet were worth $1,307,796,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in Alphabet by 83.0% during the 1st quarter. Renaissance Technologies LLC now owns 542,471 shares of the information services provider’s stock worth $155,991,000 after buying an additional 246,001 shares in the last quarter. Bollard Group LLC increased its position in shares of Alphabet by 9.3% during the first quarter. Bollard Group LLC now owns 37,402 shares of the information services provider’s stock worth $10,755,000 after acquiring an additional 3,171 shares during the period. Rockbridge Investment Management LCC increased its position in shares of Alphabet by 0.5% during the first quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider’s stock worth $1,570,000 after acquiring an additional 27 shares during the period. Pennington Partners & CO. LLC raised its stake in shares of Alphabet by 1.0% in the first quarter. Pennington Partners & CO. LLC now owns 6,883 shares of the information services provider’s stock valued at $1,979,000 after acquiring an additional 66 shares in the last quarter. Finally, GC Wealth Management RIA LLC boosted its holdings in Alphabet by 1.6% in the first quarter. GC Wealth Management RIA LLC now owns 512,353 shares of the information services provider’s stock valued at $147,332,000 after purchasing an additional 8,222 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GOOGL has been the topic of several recent research reports. Canaccord Genuity Group upped their price target on Alphabet from $415.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. China Renaissance boosted their price objective on Alphabet from $400.00 to $485.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. DZ Bank upgraded shares of Alphabet to a “strong-buy” rating in a research note on Thursday, July 23rd. Robert W. Baird raised their target price on shares of Alphabet from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $390.00 price target (up from $345.00) on shares of Alphabet in a research note on Thursday, April 30th. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $419.86.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the sale, the director owned 1,481 shares in the company, valued at approximately $545,941.03. The trade was a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 600,547 shares of company stock valued at $16,255,540. 11.61% of the stock is currently owned by insiders.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Strong earnings and analyst support: Alphabet’s latest results significantly exceeded consensus expectations, reinforcing confidence in accelerating revenue and profit growth. Multiple reports describe the stock as undervalued or a favorable growth investment, while analysts maintain a consensus “Buy” rating. Alphabet Stock is Climbing: What’s Going On Today?
• Positive Sentiment: AI infrastructure positioning: Commentary argues Alphabet is better equipped than many peers to absorb the cost of Nvidia chips while benefiting from expanding AI demand. Investors also see Google Search, cloud services, and AI infrastructure as complementary growth engines. Berkshire Hathaway’s reported investment in Alphabet adds to the bullish narrative. The Nvidia Tax: Alphabet Mitigates It Better
• Positive Sentiment: Waymo validation: An analysis reported that Alphabet’s Waymo robotaxis crash substantially less often than human-driven vehicles. While Waymo is not yet a major earnings contributor, the finding supports Alphabet’s long-term autonomous-driving and technology portfolio. Waymo robotaxis found to crash 68% less often
• Positive Sentiment: Commercial AI momentum: Google’s partnership with Paris Saint-Germain and participation in upcoming White House AI-regulation discussions highlight expanding enterprise and institutional interest in its AI capabilities. Paris Saint-Germain partners with Google on AI
• Neutral Sentiment: Microsoft’s lead in cloud market share remains a competitive concern, although Alphabet’s Google Cloud continues to grow and benefits from the same AI spending cycle. Microsoft Races Ahead of Google in the Cloud
• Neutral Sentiment: Investors are weighing whether heavy AI capital expenditures will temporarily pressure margins or create durable long-term returns.
• Negative Sentiment: A Google Earth tool reportedly made it possible to create AI-generated fake satellite imagery, raising questions about safeguards, misinformation, and potential regulatory scrutiny. For a Day, Google Made It Easy to Spoof Satellite Imagery

Alphabet Stock Up 4.9%

Shares of NASDAQ:GOOGL opened at $373.51 on Tuesday. The firm has a 50 day simple moving average of $357.60 and a 200-day simple moving average of $339.62. Alphabet Inc. has a twelve month low of $190.12 and a twelve month high of $408.61. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.57 trillion, a PE ratio of 18.76, a P/E/G ratio of 1.00 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. On average, equities analysts predict that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is presently 4.42%.

Alphabet Company 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.