Alphabet Inc. $GOOG Shares Sold by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS slightly reduced its stake in Alphabet, selling 3,800 shares in Q4 and leaving it with 1,878,420 shares valued at about $589.4 million; Alphabet makes up roughly 2.3% of KLP's portfolio and is its sixth-largest holding.
• Alphabet posted record Q1 results (EPS $5.11 vs. ~$2.64 consensus, $109.9B revenue) with Google Cloud growing ~63% to ~$20B, triggering multiple analyst price-target raises and an overall "Buy" consensus.
• Management signaled very large AI-related capital spending (2026 capex ~$185–190B and higher expected in 2027) that could pressure free cash flow and margins; insiders sold ~191,986 shares (~$59.2M) over 90 days, and Alphabet raised its quarterly dividend to $0.22 ($0.88 annualized, ~0.2% yield).

KLP Kapitalforvaltning AS reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,878,420 shares of the information services provider's stock after selling 3,800 shares during the period. Alphabet comprises approximately 2.3% of KLP Kapitalforvaltning AS's holdings, making the stock its 6th biggest position. KLP Kapitalforvaltning AS's holdings in Alphabet were worth $589,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Imprint Wealth LLC acquired a new position in Alphabet during the 3rd quarter worth $31,000. Manning & Napier Advisors LLC acquired a new position in Alphabet during the 3rd quarter worth $32,000. Tripletail Wealth Management LLC acquired a new position in Alphabet during the 3rd quarter worth $40,000. Towne Trust Company N.A grew its holdings in Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock worth $42,000 after acquiring an additional 34 shares in the last quarter. Finally, Lynch Asset Management Inc. acquired a new position in Alphabet during the 3rd quarter worth $61,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GOOG. Sanford C. Bernstein reissued a "market perform" rating and set a $345.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Oppenheimer reaffirmed an "outperform" rating and issued a $425.00 price target on shares of Alphabet in a report on Thursday. Jefferies Financial Group reaffirmed a "buy" rating and issued a $365.00 price target on shares of Alphabet in a report on Monday, January 5th. Needham & Company LLC set a $400.00 price target on shares of Alphabet and gave the company a "buy" rating in a report on Friday, March 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $370.00 price target on shares of Alphabet in a report on Tuesday, January 20th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Alphabet has an average rating of "Buy" and an average price target of $362.73.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Record Q1 fundamentals — Alphabet beat estimates (EPS $5.11 vs. $2.64 consensus) and reported $109.9B revenue; Google Cloud grew ~63% to ~ $20B with a very large backlog, which underpins multi-year revenue visibility and explains the rally. Alphabet Q1 2026 Earnings Call Highlights
• Positive Sentiment: Wall Street is upgrading targets — multiple firms (JPMorgan, TD Cowen, Scotiabank, Raymond James, Piper Sandler and others) raised price targets and reiterated buys after the quarter, signaling analyst conviction that AI/cloud growth justifies higher valuation. Coverage: Recent price-target raises
• Positive Sentiment: Strategic wins and ecosystem advantages — articles argue Alphabet’s “compute” advantage (TPUs, datacenter scale, full‑stack Gemini integrations) gives it a structural edge versus rivals and supports both ad/product monetization and enterprise AI demand. Compute is destiny. Google just proved it.
• Neutral Sentiment: Government and enterprise demand — the U.S. Pentagon and other large customers have agreements with leading AI providers including Google, validating long-term cloud/AI revenue channels but timing and contract sizes vary. This supports durable demand but is not an immediate revenue kicker. Pentagon reaches agreements with leading AI companies
• Negative Sentiment: CapEx intensity and cash flow tradeoff — management signaled very large AI-related capital spending (2026 capex ~ $185–190B and “significantly higher” expected in 2027). That funds growth but will pressure free cash flow and raises execution/ROI scrutiny. Alphabet ups 2026 capex to as much as $190 billion
• Negative Sentiment: Rising cost concerns and regulatory risks — commentary highlights the growing capital and operating cost of AI (potential margin/cashflow headwinds), and regulators in Europe are probing Google’s AI/search features — both are watch‑items for investors. Google Stock Growth Collides With The Rising Cost Of AI Italy asks EU to investigate Google AI search tools

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $371.00, for a total value of $37,842.00. Following the sale, the director directly owned 18,621 shares in the company, valued at $6,908,391. This trade represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O'toole sold 617 shares of Alphabet stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the sale, the chief accounting officer owned 10,093 shares in the company, valued at approximately $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 191,986 shares of company stock worth $59,159,207 over the last 90 days. Corporate insiders own 12.99% of the company's stock.

Alphabet Trading Up 0.3%

NASDAQ GOOG opened at $383.22 on Friday. Alphabet Inc. has a one year low of $149.49 and a one year high of $383.39. The company has a 50-day simple moving average of $312.44 and a 200-day simple moving average of $307.77. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.01 and a current ratio of 1.92. The firm has a market capitalization of $4.64 trillion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 2.35 and a beta of 1.13.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.96 billion. During the same period in the previous year, the business posted $2.81 EPS. The company's quarterly revenue was up 21.8% on a year-over-year basis. On average, equities analysts forecast that Alphabet Inc. will post 11.62 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a $0.22 dividend. The ex-dividend date is Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. This is a boost from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is 6.71%.

Alphabet Profile

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.

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