Alphabet Inc. $GOOGL is Ilmarinen Mutual Pension Insurance Co’s 7th Largest Position

Ilmarinen Mutual Pension Insurance Co trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 32.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,128,697 shares of the information services provider’s stock after selling 536,500 shares during the period. Alphabet makes up about 2.8% of Ilmarinen Mutual Pension Insurance Co’s investment portfolio, making the stock its 7th largest holding. Ilmarinen Mutual Pension Insurance Co’s holdings in Alphabet were worth $353,282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. PMV Capital Advisers LLC purchased a new stake in shares of Alphabet during the fourth quarter valued at $38,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Alphabet in the 3rd quarter worth about $53,000. Kentucky Trust Co raised its position in Alphabet by 142.9% in the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock worth $53,000 after buying an additional 100 shares during the last quarter. iSAM Funds UK Ltd bought a new position in Alphabet during the 3rd quarter valued at about $53,000. Finally, Nvest Wealth Strategies Inc. bought a new position in Alphabet during the 4th quarter valued at about $69,000. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on GOOGL shares. Robert W. Baird lifted their price target on shares of Alphabet from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. President Capital raised their target price on shares of Alphabet from $375.00 to $465.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Freedom Capital downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Guggenheim reiterated a “buy” rating and set a $450.00 target price (up from $375.00) on shares of Alphabet in a research note on Thursday, April 30th. Finally, Truist Financial set a $430.00 price target on Alphabet and gave the company a “buy” rating in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $413.13.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $381.00, for a total transaction of $38,862.00. Following the transaction, the director directly owned 18,721 shares of the company’s stock, valued at $7,132,701. The trade was a 0.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 193,016 shares of company stock valued at $17,282,549 in the last ninety days. 11.61% of the stock is currently owned by company insiders.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Gemini app reportedly doubled its monthly users to 900 million, reinforcing the company’s momentum in consumer AI and supporting the case that its AI investments are translating into real usage.
• Positive Sentiment: Wall Street commentary remains constructive, with one report citing TD Cowen’s view that Alphabet could rise further by 2027, reflecting ongoing confidence in its earnings power and AI/cloud growth.
• Positive Sentiment: Alphabet was highlighted as a long-term value-and-growth story, with its search cash engine funding a growing cloud and AI franchise at what some analysts view as an attractive valuation.
• Positive Sentiment: Alphabet’s recent convertible preferred offering and related financing coverage suggest it still has strong access to capital as it expands AI infrastructure, which can help fund growth initiatives.
• Neutral Sentiment: Alphabet’s large AI spending plans remain a key debate, with some analysts warning that rising capex could weigh on near-term profitability even if it supports future growth.
• Neutral Sentiment: Short-interest data showed no meaningful short position change, so it does not appear to be a major driver of the stock move.
• Neutral Sentiment: Reports linking Alphabet to major AI compute deals and supplier arrangements, including Google Cloud usage by other tech firms, reinforce its strategic importance in AI but are not directly tied to near-term earnings.
• Negative Sentiment: Several articles focus on pressure from Alphabet’s aggressive AI infrastructure spending, including concerns that capex could compress margins and make investors more cautious about the stock’s high expectations.
• Negative Sentiment: One report specifically warned that Alphabet’s net profit margin deserves closer scrutiny after the stock’s strong run, suggesting investors may be increasingly sensitive to any slowdown in profitability.

Alphabet Stock Up 0.3%

Shares of GOOGL stock opened at $364.26 on Wednesday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12 month low of $162.00 and a 12 month high of $408.61. The stock has a market cap of $4.41 trillion, a P/E ratio of 27.78, a P/E/G ratio of 1.56 and a beta of 1.23. The company has a 50 day simple moving average of $356.15 and a two-hundred day simple moving average of $329.17.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.98 billion. On average, research analysts expect that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The business 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 dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. Alphabet’s dividend payout ratio (DPR) is presently 6.71%.

Alphabet 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.