Ninety One UK 13F: Cuts Alphabet (GOOGL) Stake by $136M

Ninety One UK lowered its exposure to Alphabet Inc. (NasdaqGS: GOOGL) during the quarter, according to its latest Form 13F filing with the SEC disclosed on October 15, 2026. Institutional filings look backward at portfolio choices made during the previous quarter, meaning this disclosure shows the fund's positioning as of that date and might not match its current holdings today. Alphabet shares recently traded around $340.43 as of October 16, 2026.

Inside Ninety One UK's Alphabet Trade

Ninety One UK sold off 394,475 shares of Alphabet during the period, cutting its stake by 5.8%. The fund started the period with 6,809,248 shares and wrapped it up with 6,414,773 shares. The remaining block was valued at roughly $2.2 billion when reported.

Other Institutional Activity in Alphabet

Other large money managers adjusted their positions in Alphabet around the same time. Blackrock Inc. grew its holdings by 13,990,545 shares, ending with 460,972,803 shares worth about $157.0 billion. Vanguard Capital Management LLC grew its position by 4,690,439 shares to finish with 382,951,664 shares valued at roughly $130.4 billion. FMR, LLC boosted its stake by 14,169,043 shares, bringing its total to 250,714,005 shares worth about $85.4 billion. State Street Corporation added 12,715,889 shares for a total of 238,977,259 shares valued at roughly $81.4 billion. Meanwhile, Geode Capital Management, LLC trimmed its holdings by 1,807,439 shares, leaving it with 150,781,98 values at about $51.1 billion.

Alphabet Inc. Stock Down 2.1%

Alphabet shares recently traded near $340.43, sitting about 1.3% below their 50-day moving average of $344.92 and roughly 16.7% below their 52-week high of $408.61. The stock has gained about 39.4% since hitting its 52-week low of $244.15.

Recent Earnings

Alphabet reported trailing-twelve-month revenue of $445.9 billion alongside trailing earnings of $19.93 per share. The company posted a net profit margin of 54.8% and a return on equity of 48.7%. Alphabet's next quarterly earnings report is scheduled for October 28, 2026.

Dividend

Alphabet pays an annual dividend yielding 0.25%, backed by a dividend payout ratio of 4.3%.

Insider Buying and Selling at Alphabet Inc.

Company insiders executed several stock sales prior to the filing. Director Kavitark Ram Shriram sold 33,566 shares on July 18, 2025, at an average price of $185.76 for a total of about $6.2 million, and later sold 26,000 shares on August 15, 2025, at $205.00 apiece for roughly $5.3 million. Director John L Hennessy sold 600 shares on January 13, 2026, worth about $202,514, and another 600 shares on February 13, 2026, valued at roughly $184,037.

Analysts Set New Price Targets

Wall Street analysts have updated their views on Alphabet ahead of the upcoming earnings release. On October 6, 2026, Wells Fargo maintained an Overweight rating while lifting its price target from $411.00 to $417.00. Needham reiterated a Buy rating with a $450.00 target on October 8, 2026. Cantor Fitzgerald reiterated an Overweight rating with a $420.00 target on October 12, 2026. UBS maintained a Neutral rating while nudging its target from $379.00 to $380.00 on October 14, 2026. JP Morgan maintained an Overweight rating and raised its target from $420.00 to $425.00 on October 15, 2026. The stock currently holds a consensus Strong Buy rating with a mean price target of $430.51 across 54 analyst opinions.

About Alphabet

Alphabet Inc. operates internet platforms and services globally, anchored by its core Google search engine, Android operating system, cloud computing division, YouTube, and digital advertising networks. As one of the largest technology firms in the world, shifts in institutional holdings of its stock often draw close attention from market participants tracking large-cap growth trends.

Bottom Line

Ninety One UK's smaller stake reflects its positioning at the end of the prior quarter. Investors will look to Alphabet's upcoming earnings report on October 28, 2026, for fresh details on revenue growth and advertising demand. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.