Alphabet Inc. $GOOGL is E. Ohman J or Asset Management AB's 3rd Largest Position

E. Ohman J or Asset Management AB reduced its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 736,288 shares of the information services provider's stock after selling 20,740 shares during the quarter. Alphabet comprises about 6.1% of E. Ohman J or Asset Management AB's investment portfolio, making the stock its 3rd biggest position. E. Ohman J or Asset Management AB's holdings in Alphabet were worth $263,127,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOGL. Lifetime Wealth Management P.C. purchased a new position in shares of Alphabet in the 4th quarter worth about $32,000. EMC Capital Management purchased a new stake in shares of Alphabet during the 4th quarter worth about $33,000. IFC & Insurance Marketing Inc. acquired a new stake in Alphabet during the 4th quarter worth approximately $38,000. Bard Associates Inc. acquired a new stake in Alphabet during the 4th quarter worth approximately $52,000. Finally, iSAM Funds UK Ltd acquired a new stake in Alphabet during the 3rd quarter worth approximately $53,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Oppenheimer lifted their price target on shares of Alphabet from $425.00 to $445.00 and gave the company an "outperform" rating in a research report on Friday, May 15th. Stifel Nicolaus set a $420.00 price objective on shares of Alphabet and gave the stock a "buy" rating in a research report on Thursday, April 30th. Guggenheim reissued a "buy" rating and issued a $450.00 target price (up from $375.00) on shares of Alphabet in a research note on Thursday, April 30th. BMO Capital Markets set a $465.00 target price on Alphabet and gave the company an "outperform" rating in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. reiterated a "buy" rating on shares of Alphabet in a report on Monday, May 4th. Five analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $419.86.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway sharply increased its Alphabet position. Berkshire disclosed an 83% second-quarter increase, adding approximately 48 million shares and bringing its holding to nearly 106 million shares valued at about $37 billion. Warren Buffett said he initiated the investment, reinforcing the view that Alphabet offers strong cash generation, attractive valuation and durable growth. Berkshire Just Made a Huge Alphabet Bet—Should You Follow?
• Positive Sentiment: Other prominent investors also reported Alphabet purchases. Filings indicated buying by investors including David Tepper, Stanley Druckenmiller and Seth Klarman, adding to the institutional endorsement of GOOGL’s AI, cloud and advertising outlook. Billionaires Loading Into Alphabet Stock
• Positive Sentiment: Alphabet is expanding its AI capabilities. Google agreed to pay $10 million for anonymized Spirit Airlines business data and software for product development and AI training, while some employees from workflow-automation startup Relay are joining Google’s Chrome team. These moves support continued investment in AI products, though the direct financial impact is likely limited. Google to Buy Spirit Airlines Business Data
• Neutral Sentiment: AI spending is creating both opportunity and financing pressure. Alphabet was among several companies issuing large volumes of AI-related debt, potentially funding cloud and data-center expansion but increasing interest costs and balance-sheet risk. Reports that Alphabet is considering an Australian-dollar bond could reinforce that concern. AI’s Borrowing Binge
• Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Alphabet investors. The release provided few details, and an investigation does not establish wrongdoing, but the announcement could create short-term legal and reputational pressure. Pomerantz Investor Alert

Alphabet Stock Performance

Shares of GOOGL stock opened at $344.17 on Wednesday. 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's fifty day moving average price is $352.87 and its two-hundred day moving average price is $341.28. The firm has a market capitalization of $4.21 trillion, a P/E ratio of 17.29, a P/E/G ratio of 0.97 and a beta of 1.24. Alphabet Inc. has a 12 month low of $196.60 and a 12 month high of $408.61.

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

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet's dividend payout ratio is currently 4.42%.

Insiders Place Their Bets

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the firm'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 completion of the sale, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. This trade represents a 1.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 451,945 shares of company stock worth $12,382,714. Company insiders own 11.61% of the company's stock.

Alphabet Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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