General Pension Society PZU Joint Stock Co Has $39.60 Million Stake in Alphabet Inc. $GOOG

General Pension Society PZU Joint Stock Co cut its position in Alphabet Inc. (NASDAQ:GOOG) by 9.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 126,200 shares of the information services provider’s stock after selling 13,000 shares during the period. Alphabet accounts for approximately 8.0% of General Pension Society PZU Joint Stock Co’s investment portfolio, making the stock its 4th biggest holding. General Pension Society PZU Joint Stock Co’s holdings in Alphabet were worth $39,602,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in GOOG. Vanguard Group Inc. raised its holdings in Alphabet by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock worth $132,114,125,000 after purchasing an additional 8,128,234 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Alphabet by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider’s stock worth $24,240,469,000 after purchasing an additional 7,904,434 shares in the last quarter. Danske Bank A S bought a new position in Alphabet in the third quarter worth about $678,198,000. PFA Pension Forsikringsaktieselskab bought a new position in Alphabet in the fourth quarter worth about $869,781,000. Finally, Holocene Advisors LP bought a new position in Alphabet in the second quarter worth about $455,745,000. 27.26% of the stock is currently owned by institutional investors.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway’s $10 billion commitment to Alphabet supports the company’s AI strategy and signals strong long-term investor confidence. Berkshire invests extra $10 billion in Alphabet, deepening bet on AI
• Positive Sentiment: Some analysts say Google remains a key beneficiary of AI search growth, suggesting its core search and ad business may hold up better than feared. Google Is the Clear Beneficiary,’ Says Top Analyst as AI Search Takes Off
• Neutral Sentiment: Alphabet’s stakes in private AI-related companies such as Anthropic and exposure to future IPO optionality may add long-term upside, but this is not a near-term catalyst. Alphabet Stock Offers Exposure To SpaceX, Anthropic Before IPOs
• Negative Sentiment: The $80 billion stock sale raised concerns about dilution and the rising cost of Alphabet’s AI expansion, which is pressuring sentiment in the stock. Alphabet plans to raise $80 billion to pay for AI buildout
• Negative Sentiment: Reuters reported the EU may tighten cloud rules in strategic tenders, which could limit Google’s access to certain government contracts in Europe. EU cloud rules to curb Amazon, Google access to strategic tenders

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Freedom Capital downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. KeyCorp restated an “overweight” rating on shares of Alphabet in a report on Wednesday, May 20th. UBS Group restated a “neutral” rating and set a $348.00 price objective (up from $345.00) on shares of Alphabet in a report on Thursday, February 12th. BMO Capital Markets restated an “outperform” rating and set a $400.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Finally, Wedbush restated an “outperform” rating and set a $370.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Alphabet currently has an average rating of “Buy” and a consensus price target of $376.00.

Insider Transactions at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider John Kent Walker sold 8,993 shares of the company’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $275.89, for a total value of $2,481,078.77. Following the completion of the sale, the insider owned 51,808 shares in the company, valued at approximately $14,293,309.12. This represents a 14.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 193,016 shares of company stock valued at $17,282,549 over the last quarter. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

GOOG opened at $358.39 on Wednesday. Alphabet Inc. has a 52-week low of $163.33 and a 52-week high of $404.47. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The company has a market cap of $4.34 trillion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22. The firm’s 50-day moving average price is $344.61 and its 200-day moving average price is $325.11.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter in the prior year, the company posted $2.81 earnings per share. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, equities analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a $0.22 dividend. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, June 8th. Alphabet’s payout ratio is currently 6.41%.

Alphabet Company Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.