Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Stake in Alphabet Inc. $GOOGL

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 62.1% during the first quarter, Holdings Channel.com reports. The fund owned 1,648,994 shares of the information services provider’s stock after purchasing an additional 631,940 shares during the quarter. Alphabet accounts for approximately 2.6% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s investment portfolio, making the stock its 6th largest position. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Alphabet were worth $474,185,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GOOGL. Elevation Point Wealth Partners LLC raised its stake in shares of Alphabet by 214.7% during the first quarter. Elevation Point Wealth Partners LLC now owns 242,209 shares of the information services provider’s stock valued at $69,650,000 after acquiring an additional 165,241 shares during the last quarter. Sharp Wealth Advisory LLC raised its position in Alphabet by 15.9% during the 1st quarter. Sharp Wealth Advisory LLC now owns 6,243 shares of the information services provider’s stock valued at $1,795,000 after purchasing an additional 856 shares during the last quarter. Platform Technology Partners raised its position in Alphabet by 9.9% during the 1st quarter. Platform Technology Partners now owns 29,333 shares of the information services provider’s stock valued at $8,435,000 after purchasing an additional 2,640 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in Alphabet by 0.5% in the 1st quarter. Sound Income Strategies LLC now owns 47,100 shares of the information services provider’s stock worth $14,007,000 after buying an additional 219 shares during the period. Finally, Jamison Private Wealth Management Inc. grew its position in shares of Alphabet by 2.3% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 6,835 shares of the information services provider’s stock worth $1,966,000 after buying an additional 152 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet Stock Down 0.5%

Shares of GOOGL traded down $1.71 during trading hours on Friday, hitting $357.18. The company had a trading volume of 18,122,822 shares, compared to its average volume of 32,870,564. The stock has a market capitalization of $4.33 trillion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 1.53 and a beta of 1.24. The firm has a fifty day moving average price of $372.61 and a 200-day moving average price of $336.44. Alphabet Inc. has a 52-week low of $176.48 and a 52-week high of $408.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. On average, equities research analysts forecast that Alphabet Inc. will post 14.32 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were issued a dividend of $0.22 per share. The ex-dividend date was Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet’s dividend payout ratio is currently 6.71%.

Insider Activity

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm’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 transaction of $2,077,531.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the transaction, the chief accounting officer owned 27,348 shares of the company’s stock, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 160,465 shares of company stock valued at $8,020,511. Company insiders own 11.61% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Piper Sandler reiterated an “overweight” rating and issued a $445.00 price target (up from $425.00) on shares of Alphabet in a report on Monday, June 1st. BMO Capital Markets raised their price objective on Alphabet from $410.00 to $435.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Citigroup restated an “outperform” rating on shares of Alphabet in a report on Monday, May 4th. Truist Financial set a $430.00 target price on shares of Alphabet and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, Canaccord Genuity Group increased their price target on shares of Alphabet from $415.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $413.92.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: KeyCorp raised its price target on Alphabet to $445 from $425 and kept an overweight rating, reinforcing the view that the stock still has meaningful upside from current levels.
• Positive Sentiment: Multiple upbeat articles highlighted Alphabet as a leading AI and cloud beneficiary, with commentary pointing to strong distribution through Search, Android, YouTube, Google Cloud, and chips as reasons it could monetize AI better than peers.
• Positive Sentiment: New coverage argued Alphabet looks undervalued after a big run over the past year, while other pieces said the company remains one of the most attractive megacap tech names on a risk/reward basis.
• Positive Sentiment: Zacks and other market commentators continued to include GOOGL among cloud and internet stocks positioned to benefit from AI-driven data center spending and digital demand growth.
• Positive Sentiment: Business and tech commentary also pointed to product and platform strengths, including Google Search setting records during the World Cup and Waymo planning more driverless-car expansion, which support the long-term growth narrative.
• Neutral Sentiment: Alphabet said it will begin disclosing which ads are generated with AI, a transparency move that may help trust and compliance but is unlikely to materially change near-term earnings.
• Neutral Sentiment: Britain moved to regulate Google as a critical cloud supplier to protect financial stability; the change adds oversight, but it also underscores the importance of Google Cloud rather than signaling a fundamental business setback.
• Neutral Sentiment: Reuters reported that Google is appealing an Indian ads-related trademark ruling, a legal issue that could create some noise but does not yet appear to be a major stock-moving event.
• Neutral Sentiment: Recent short-interest data was effectively flat at zero shares reported, offering little actionable signal for traders.
• Negative Sentiment: One Reuters-linked report said Google and OpenAI provided AI services to Singapore-based subsidiaries of Chinese groups on the Pentagon blacklist, which could raise regulatory scrutiny and geopolitical concerns.
• Negative Sentiment: Technical commentary noted Alphabet is testing a key resistance zone after a recovery, suggesting the stock may need a fresh catalyst to extend its move higher.

Alphabet Company 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.