Alphabet Inc. $GOOG Holdings Reduced by Danske Bank A S

Key Points

• Danske Bank cut its Alphabet stake by 12.2% in the third quarter, selling 407,494 shares and ending the period with 2.93 million shares valued at about $999 million.
• Alphabet’s latest quarterly results fell short of estimates: EPS was $2.12 versus $3.01 expected, and revenue was $127.58 billion versus $127.97 billion expected, though revenue rose 24.7% year over year.
• Shares traded at $292.52 in Friday midday trading. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $413.38.

Danske Bank A S cut its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 12.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,932,083 shares of the information services provider's stock after selling 407,494 shares during the period. Alphabet makes up 2.0% of Danske Bank A S's investment portfolio, making the stock its 9th largest position. Danske Bank A S's holdings in Alphabet were worth $999,078,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Alphabet by 1.4% during the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider's stock worth $130,704,718,000 after buying an additional 5,164,200 shares during the last quarter. State Street Corp raised its position in shares of Alphabet by 2.8% in the 2nd quarter. State Street Corp now owns 190,923,442 shares of the information services provider's stock worth $67,458,980,000 after buying an additional 5,208,690 shares during the period. Amundi raised its position in shares of Alphabet by 22.9% in the 1st quarter. Amundi now owns 21,922,379 shares of the information services provider's stock worth $6,288,654,000 after buying an additional 4,083,758 shares during the period. Deutsche Bank AG boosted its holdings in Alphabet by 5.6% in the second quarter. Deutsche Bank AG now owns 17,313,729 shares of the information services provider's stock valued at $6,117,460,000 after acquiring an additional 913,666 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Alphabet by 24.9% in the second quarter. Wellington Management Group LLP now owns 17,209,454 shares of the information services provider's stock valued at $6,080,616,000 after acquiring an additional 3,432,287 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet News Summary

Here's some of the latest news about GOOG:

• Positive Sentiment: Nvidia CEO Jensen Huang’s abrupt departure has investors considering alternatives to Nvidia. Alphabet could benefit through its TPUs; reports say nearly 100 customers use Google’s custom AI chips, and HSBC has set a $360 price target. Any market-share gains remain prospective. Article
• Positive Sentiment: Institutional demand provides support: ETFs bought a reported $78.6 million of GOOG shares on Wednesday, with 42 funds buying and 12 selling. Berkshire Hathaway has also built a substantial Alphabet position, though these holdings data are not a real-time trading signal. Article
• Negative Sentiment: A securities class action alleges Alphabet misled investors about Gemini development and disclosures during May–July 2026. The allegations have not been proven, but the case adds legal and reputational uncertainty; the lead-plaintiff deadline is December 1. Article

Alphabet Stock Down 1.0%

GOOG stock traded down $2.83 during midday trading on Friday, hitting $292.52. 18,439,258 shares of the company's stock were exchanged, compared to its average volume of 26,699,732. The company has a current ratio of 2.79, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19. Alphabet Inc. has a 12-month low of $271.41 and a 12-month high of $404.47. The firm has a 50 day moving average price of $325.11 and a 200-day moving average price of $335.97. The stock has a market capitalization of $3.60 trillion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 0.90 and a beta of 1.21.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.01 by ($0.89). The company had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.97 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The business's revenue for the quarter was up 24.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.87 EPS. On average, analysts anticipate that Alphabet Inc. will post 19.74 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, December 7th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 7th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is currently 4.59%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GOOG. Citigroup downgraded Alphabet from a "market outperform" rating to a "market perform" rating in a report on Thursday, October 29th. Scotiabank reiterated a "sector outperform" rating and set a $375.00 target price (down from $450.00) on shares of Alphabet in a report on Thursday, October 29th. BMO Capital Markets set a $425.00 target price on shares of Alphabet in a research report on Thursday, October 29th. China Renaissance dropped their target price on shares of Alphabet from $485.00 to $445.00 and set a "buy" rating for the company in a research report on Friday, July 24th. Finally, Morgan Stanley restated an "overweight" rating and issued a $375.00 price target on shares of Alphabet in a report on Thursday, October 29th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $413.38.

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the sale, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 247 shares of company stock valued at $79,238 in the last quarter. Company insiders own 12.99% of the company's stock.

Alphabet Company Profile

Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer. Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.

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