Alphabet Inc. $GOOG is Swedbank AB’s 6th Largest Position

Swedbank AB trimmed its stake in Alphabet Inc. (NASDAQ:GOOG) by 6.4% in the 4th quarter, HoldingsChannel reports. The firm owned 10,671,172 shares of the information services provider’s stock after selling 732,522 shares during the period. Alphabet makes up 3.2% of Swedbank AB’s portfolio, making the stock its 6th largest holding. Swedbank AB’s holdings in Alphabet were worth $3,348,614,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Alphabet by 4.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,361,412 shares of the information services provider’s stock worth $3,267,160,000 after purchasing an additional 442,581 shares in the last quarter. AssuredPartners Investment Advisors LLC increased its stake in shares of Alphabet by 126.7% in the 4th quarter. AssuredPartners Investment Advisors LLC now owns 11,062 shares of the information services provider’s stock worth $3,471,000 after purchasing an additional 6,183 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Alphabet by 5.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 818,555 shares of the information services provider’s stock worth $256,863,000 after purchasing an additional 45,767 shares in the last quarter. Red Crane Wealth Management LLC increased its stake in shares of Alphabet by 8.6% in the 4th quarter. Red Crane Wealth Management LLC now owns 1,264 shares of the information services provider’s stock worth $397,000 after purchasing an additional 100 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC increased its stake in shares of Alphabet by 0.3% in the 4th quarter. Kingstone Capital Partners Texas LLC now owns 35,468 shares of the information services provider’s stock worth $11,130,000 after purchasing an additional 102 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Down 3.8%

Shares of NASDAQ:GOOG opened at $358.39 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 $163.33 and a 12 month high of $404.47. The company has a 50-day moving average price of $344.61 and a 200 day moving average price of $325.11. The company has a market cap of $4.34 trillion, a price-to-earnings ratio of 27.34, a PEG ratio of 1.60 and a beta of 1.22.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter last year, the firm earned $2.81 EPS. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, equities research analysts predict that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

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

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 617 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the transaction, the chief accounting officer owned 10,093 shares of the company’s stock, valued at approximately $2,923,235.59. This trade represents a 5.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the completion of the transaction, the chief executive officer directly owned 1,642,060 shares of the company’s stock, valued at approximately $505,573,853.40. The trade was a 1.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 193,016 shares of company stock worth $17,282,549 in the last quarter. 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: 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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research note on Monday, April 20th. Scotiabank reiterated an “outperform” rating and issued a $450.00 price target (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. BMO Capital Markets reiterated an “outperform” rating and issued a $400.00 price target on shares of Alphabet in a research note on Thursday, February 5th. TD Cowen reiterated a “buy” rating on shares of Alphabet in a research note on Thursday, May 21st. Finally, Piper Sandler reiterated an “overweight” rating and issued a $395.00 price target on shares of Alphabet in a research note on Thursday, February 5th. Five 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 stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Buy” and a consensus target price of $376.00.

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.