2,230,900 Shares in Alphabet Inc. $GOOGL Bought by Nykredit A S

Key Points

• Nykredit A/S bought 2.23 million Alphabet shares worth approximately $797.3 million, making Alphabet its fourth-largest portfolio holding at 2.5%. Institutional investors and hedge funds own 40.03% of the stock.
• Alphabet reported quarterly earnings of $9.11 per share and revenue of $119.8 billion, surpassing analyst expectations. The company also declared a quarterly dividend of $0.22 per share, equivalent to a 0.3% yield.
• Analysts maintain a broadly positive outlook, with Alphabet carrying an average “Buy” rating and a $422.16 price target. Growth opportunities include AI-chip sales, Cloud and Gemini, while higher interest rates, heavy AI spending and antitrust restrictions remain risks.

Nykredit A S purchased a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,230,900 shares of the information services provider's stock, valued at approximately $797,257,000. Alphabet makes up 2.5% of Nykredit A S's investment portfolio, making the stock its 4th biggest position.

Several other large investors also recently added to or reduced their stakes in the company. MLG Wealth Management DBA Pine Grove Financial Group increased its stake in Alphabet by 64.9% in the 2nd quarter. MLG Wealth Management DBA Pine Grove Financial Group now owns 3,959 shares of the information services provider's stock valued at $1,415,000 after buying an additional 1,558 shares during the period. Second Line Capital LLC lifted its position in shares of Alphabet by 0.8% in the second quarter. Second Line Capital LLC now owns 5,092 shares of the information services provider's stock worth $1,820,000 after buying an additional 39 shares during the last quarter. Range Advisory LLC boosted its position in Alphabet by 42.8% during the second quarter. Range Advisory LLC now owns 20,651 shares of the information services provider's stock worth $7,380,000 after purchasing an additional 6,186 shares during the period. Capital & Planning LLC boosted its holdings in shares of Alphabet by 7.3% during the 2nd quarter. Capital & Planning LLC now owns 1,552 shares of the information services provider's stock worth $555,000 after buying an additional 105 shares during the period. Finally, Agur Provident & Training Funds Management Ltd. acquired a new stake in shares of Alphabet in the second quarter valued at about $11,053,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

NASDAQ GOOGL opened at $349.54 on Monday. The stock's 50-day moving average is $345.20 and its 200-day moving average is $345.18. Alphabet Inc. has a one year low of $235.84 and a one year high of $408.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The firm has a market cap of $4.27 trillion, a P/E ratio of 17.56, a P/E/G ratio of 1.01 and a beta of 1.22.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. The firm had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Sell-side analysts anticipate that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were paid a $0.22 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's payout ratio is presently 4.42%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI chip sales add a new revenue stream: Alphabet began recognizing revenue from sales of its internally developed AI chip systems in the second quarter. Investors may view the business as both a potential growth driver and a way to monetize Google’s technology infrastructure. 2 Stocks to Buy as Google Starts Selling Its AI Chips
• Positive Sentiment: Analyst raises price target: Tigress Financial Partners increased its price target for GOOGL to $485, reflecting confidence in Alphabet’s Search, Cloud, YouTube, Gemini and custom-chip opportunities. Alphabet Price Target Raised to $485
• Positive Sentiment: Waymo expands internationally: Alphabet’s autonomous-driving unit plans to launch an all-electric robotaxi service in Singapore by 2028, strengthening the long-term investment case for Alphabet’s “Other Bets” portfolio. Waymo to Bring Autonomous Ride-Hailing to Singapore
• Positive Sentiment: Options activity signals bullish positioning: Investors purchased roughly 520,000 Alphabet call options, above typical volume, indicating increased speculative interest in further upside.
• Neutral Sentiment: Ad-tech ruling avoids a breakup but imposes restrictions: A federal judge ordered Google to share more auction data with publishers and appoint an antitrust monitor, but rejected a forced breakup. Avoiding structural separation limits the immediate risk to Alphabet’s advertising business, while the behavioral remedies could pressure operations and margins. Tech Watchdogs Criticize Google Adtech Ruling
• Negative Sentiment: Higher rates and AI spending remain risks: The Federal Reserve’s rate increase and Alphabet’s heavy investment in AI infrastructure could keep pressure on free cash flow and valuation, even as Cloud backlog and AI demand remain strong.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer owned 27,386 shares of the company's stock, valued at $9,125,015.20. The trade was a 1.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the company's stock in a transaction on Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 450,875 shares of company stock worth $11,984,482 in the last three months. 11.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GOOGL has been the topic of a number of research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research report on Friday, July 17th. New Street Research raised their target price on Alphabet from $450.00 to $455.00 and gave the stock a "buy" rating in a research report on Friday, June 5th. Piper Sandler reaffirmed an "overweight" rating and set a $395.00 price objective (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Needham & Company LLC restated a "buy" rating and issued a $450.00 target price on shares of Alphabet in a research note on Wednesday, June 3rd. Finally, Citizens Jmp restated a "market outperform" rating and issued a $515.00 price objective on shares of Alphabet in a research report on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $422.16.

Alphabet Profile

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet's largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.

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