Mitsubishi UFJ Asset Management UK Ltd. has increased its holdings in Alphabet Inc. (NASDAQ:GOOGL).

2 min read | January 27, 2025 01:06 AM PST | By Team Kalkine Media

Mitsubishi UFJ Asset Management UK Ltd. has increased its holdings in Alphabet Inc. (NASDAQ:GOOGL). — Image source: Shutterstock

Institutional Investments in Alphabet Inc. (NASDAQ:GOOGL)

Mitsubishi UFJ Asset Management UK Ltd. notably raised its stake in Alphabet Inc. by 95.0% during the fourth quarter, according to a Securities and Exchange Commission filing. The firm now owns 39,000 shares after purchasing an additional 19,000 shares, making Alphabet 3.3% of its investment portfolio and its seventh largest holding. At the end of the recent quarter, these holdings were valued at $7,383,000.

Several other institutional investors have adjusted their positions in Alphabet (NASDAQ:GOOGL) over the period. Conrad Siegel Investment Advisors Inc. increased its shares by 0.5%, Denver PWM LLC by 25.4%, and other firms like Ignite Planners LLC, Fermata Advisors LLC, and Winch Advisory Services LLC also made augmented adjustments.

Stock Performance

Alphabet's stock opened at $200.21, with a 50-day simple moving average of $186.46 and a 200-day simple moving average of $173.69. The company's market capitalization stands at $2.45 trillion, featuring a P/E ratio of 26.55 and a PEG ratio of 1.27. Alphabet's quick and current ratios are both reported at 1.95, with a minimal debt-to-equity ratio of 0.04.

In its last earnings report on October 29th, Alphabet exceeded analysts' expectations by reporting earnings per share of $2.12 against an anticipated $1.83. The company's revenue for that quarter was $88.27 billion, surpassing the expected $72.85 billion. Alphabet also demonstrated a return on equity of 31.66% and a net margin of 27.74%.

Conclusion

Alphabet Inc. continues to capture the interest of institutional investors, reflected in significant recent purchasing activity and encouraging stock performance.

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