Livforsakringsbolaget Skandia Omsesidigt Sells 2,931 Shares of Alphabet Inc. $GOOG

Livforsakringsbolaget Skandia Omsesidigt reduced its holdings in Alphabet Inc. (NASDAQ:GOOG) by 8.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 32,580 shares of the information services provider’s stock after selling 2,931 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Alphabet were worth $10,223,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Nvest Wealth Strategies Inc. bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $38,000. Imprint Wealth LLC bought a new stake in shares of Alphabet during the third quarter valued at approximately $31,000. Towne Trust Company N.A boosted its position in shares of Alphabet by 34.0% during the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 34 shares in the last quarter. Creative Capital Management Investments LLC boosted its position in shares of Alphabet by 1,438.5% during the fourth quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider’s stock valued at $63,000 after purchasing an additional 187 shares in the last quarter. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $63,000. 27.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of the transaction, the director owned 2,531 shares of the company’s stock, valued at $995,341.06. This represents a 29.32% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 193,016 shares of company stock valued at $17,282,549. Company insiders own 12.99% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is expanding Gemini with new tools aimed at small businesses, which could help broaden adoption and monetize AI services. Google Debuts Gemini Features Geared to Small Businesses
• Positive Sentiment: Alphabet’s support for Anthropic’s $35 billion AI infrastructure financing deal reinforces its central role in AI buildout and could boost cloud demand. Google Backs $35 Billion Anthropic AI Infrastructure Financing Deal
• Positive Sentiment: Reports that Gemini monthly users have doubled highlight strong product momentum and strengthen the long-term AI growth story. Alphabet Inc. (GOOGL) Reports Doubling of Gemini App Monthly Users to 900 Million
• Neutral Sentiment: Google’s reported $920 million-per-month AI compute deal with SpaceX may support future growth, but it also signals rising infrastructure spending and AI competition costs. Google’s $920 Million-a-Month Deal Could Supercharge the SpaceX IPO
• Negative Sentiment: A fire at a third-party data center caused intermittent Google Cloud disruptions in India, which could raise reliability concerns for some customers. Fire at third-party facility disrupts Google Cloud network traffic in India
• Negative Sentiment: A California judge denied Google’s request for a new trial in the youth social media addiction case, leaving legal liability concerns in place. Meta and Google denied new trial after landmark verdict in youth social media addiction case

Alphabet Trading Down 2.5%

Alphabet stock opened at $353.32 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The business’s fifty day simple moving average is $355.05 and its two-hundred day simple moving average is $328.84. Alphabet Inc. has a 12 month low of $163.33 and a 12 month high of $404.47. The company has a market capitalization of $4.28 trillion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. During the same period in the previous 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 predict that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.2%. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. Alphabet’s dividend payout ratio is presently 6.71%.

Analysts Set New Price Targets

GOOG has been the topic of several research reports. JPMorgan Chase & Co. lifted their price target on Alphabet from $395.00 to $460.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Freedom Capital lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Wells Fargo & Company restated an “overweight” rating and set a $435.00 price target on shares of Alphabet in a research report on Tuesday, June 2nd. Scotiabank restated an “outperform” rating and set a $450.00 price target (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. Finally, Needham & Company LLC set a $400.00 price target on Alphabet and gave the company a “buy” rating in a research report on Friday, March 13th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $376.78.

About Alphabet

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.