2,811,510 Shares in Alphabet Inc. $GOOGL Acquired by Nykredit A S

Key Points

• Nykredit A S acquired 2.81 million Alphabet shares during the second quarter, valued at approximately $1.005 billion. Alphabet now represents 3.2% of Nykredit’s portfolio and is its third-largest holding.
• Institutional investors own 40.03% of Alphabet, while insiders sold approximately 450,875 shares worth $11.98 million over the past three months.
• Alphabet reported quarterly EPS of $9.11 and revenue of $119.8 billion, beating analyst estimates. Analysts maintain a consensus “Buy” rating with an average price target of $420.19, compared with a recent share price near $349.

Nykredit A S acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,811,510 shares of the information services provider's stock, valued at approximately $1,004,749,000. Alphabet comprises about 3.2% of Nykredit A S's portfolio, making the stock its 3rd biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Strategic Wealth Advisors LLC boosted its stake in Alphabet by 6.0% in the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock valued at $137,000 after buying an additional 27 shares in the last quarter. Rockbridge Investment Management LCC raised its stake in Alphabet by 0.5% during the first quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider's stock worth $1,570,000 after acquiring an additional 27 shares in the last quarter. Ruggaard & Associates LLC raised its stake in Alphabet by 0.9% during the first quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider's stock worth $840,000 after acquiring an additional 27 shares in the last quarter. Cadia Private Client LLC lifted its holdings in shares of Alphabet by 1.1% in the first quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider's stock worth $744,000 after acquiring an additional 28 shares during the last quarter. Finally, Evansbrook LLC lifted its holdings in shares of Alphabet by 0.3% in the first quarter. Evansbrook LLC now owns 9,522 shares of the information services provider's stock worth $2,738,000 after acquiring an additional 28 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John Walker sold 8,998 shares of the firm's stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider owned 75,290 shares of the company's stock, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 450,875 shares of company stock valued at $11,984,482 over the last three months. 11.61% of the stock is owned by insiders.

Alphabet Stock Up 3.2%

NASDAQ:GOOGL opened at $349.39 on Tuesday. 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 company has a market cap of $4.27 trillion, a PE ratio of 17.55, a P/E/G ratio of 0.98 and a beta of 1.22. The firm's 50 day simple moving average is $346.41 and its 200 day simple moving average is $344.15.

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 (EPS) for the quarter, beating the consensus estimate of $2.89 by $6.22. The firm had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, research analysts anticipate that Alphabet Inc. will post 20.52 earnings per share for the current year.

Alphabet Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $450.00 price target on shares of Alphabet in a report on Wednesday, June 3rd. Morgan Stanley set a $400.00 price objective on shares of Alphabet and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Wall Street Zen lowered shares of Alphabet from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Arete Research boosted their target price on shares of Alphabet from $405.00 to $425.00 and gave the stock a "buy" rating in a research note on Monday, May 18th. Finally, Freedom Capital upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $420.19.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud remains a major growth catalyst. Alphabet’s cloud backlog reportedly reached $514 billion after second-quarter revenue growth of 82%, reinforcing expectations that Cloud could become a larger long-term earnings driver alongside Search. Alphabet cloud backlog article
• Positive Sentiment: AI concerns are benefiting Alphabet relative to some peers. Alphabet and Meta have attracted investor interest even as concerns about excessive frontier-model spending weigh on parts of the technology sector. A possible slowdown could favor established platforms with strong cash flows, distribution and proprietary infrastructure. Google and Meta AI concerns article
• Positive Sentiment: Waymo is expanding commercially. Alphabet’s autonomous-driving unit has begun offering robotaxi rides to the general public in Las Vegas, its first Nevada market, expanding a potential future growth business. Waymo Las Vegas article
• Positive Sentiment: Alphabet is broadening its AI ecosystem. Giving engineers access to Anthropic’s Claude may improve coding productivity and reflects Alphabet’s investment exposure to Anthropic, although Claude also competes with Google’s own AI models. Google Claude access article
• Neutral Sentiment: Technical momentum is improving. Stockton believes Alphabet may be emerging from its multi-month correction, while recent commentary highlights its cloud position, YouTube scale and custom AI chips as potential competitive advantages.
• Negative Sentiment: AI infrastructure spending is pressuring capital returns. Reports say Alphabet has halted buybacks, its share count is rising and debt has increased as it funds data centers, energy contracts and AI capacity. Local opposition to new data centers could also raise costs or delay projects. Big Tech buybacks article
• Negative Sentiment: Investor sentiment faces legal overhang. Multiple law firms are publicizing securities-fraud investigations involving Alphabet. These announcements do not establish wrongdoing but could add volatility and potential litigation risk. Alphabet securities investigation article

About Alphabet

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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