Alphabet Inc. $GOOGL Shares Sold by PensionDanmark Pensionsforsikringsaktieselskab

Key Points

• PensionDanmark reduced its Alphabet stake by 0.3% in the second quarter, selling 2,779 shares and retaining 1.07 million shares valued at approximately $380.8 million. Alphabet remains the pension fund’s fifth-largest holding and represents 3.2% of its portfolio.
• Analyst sentiment remains broadly positive, with Alphabet receiving an average “Buy” rating and a consensus price target of $419.86, although one firm maintained a neutral rating.
• Alphabet reported quarterly revenue of $119.8 billion and EPS of $9.11, surpassing analyst expectations, and announced a quarterly dividend of $0.22 per share, equivalent to a 0.3% yield.

PensionDanmark Pensionsforsikringsaktieselskab cut its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,065,521 shares of the information services provider's stock after selling 2,779 shares during the period. Alphabet makes up 3.2% of PensionDanmark Pensionsforsikringsaktieselskab's investment portfolio, making the stock its 5th biggest holding. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Alphabet were worth $380,785,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Alphabet by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock valued at $165,567,398,000 after acquiring an additional 12,531,695 shares during the last quarter. State Street Corp lifted its holdings in Alphabet by 1.8% in the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock worth $40,524,841,000 after purchasing an additional 4,008,374 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Alphabet by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 146,193,037 shares of the information services provider's stock worth $45,625,595,000 after purchasing an additional 2,666,676 shares during the last quarter. Norges Bank bought a new stake in Alphabet during the fourth quarter worth approximately $30,534,239,000. Finally, Bank of America Corp DE boosted its position in Alphabet by 4.9% during the fourth quarter. Bank of America Corp DE now owns 69,108,183 shares of the information services provider's stock worth $21,630,861,000 after purchasing an additional 3,218,852 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GOOGL has been the topic of a number of recent analyst reports. Daiwa Securities Group lifted their price target on shares of Alphabet from $380.00 to $445.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $450.00 price objective on shares of Alphabet in a report on Wednesday, June 3rd. Loop Capital raised their target price on shares of Alphabet from $355.00 to $490.00 and gave the company a "buy" rating in a research note on Friday, May 15th. DZ Bank raised shares of Alphabet to a "strong-buy" rating in a research report on Thursday, July 23rd. Finally, Rosenblatt Securities restated a "neutral" rating and set a $393.00 price target on shares of Alphabet in a report on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Alphabet presently has an average rating of "Buy" and a consensus price target of $419.86.

Alphabet Trading Up 0.8%

Shares of Alphabet stock opened at $346.36 on Friday. Alphabet Inc. has a 1 year low of $196.60 and a 1 year high of $408.61. The company's fifty day simple moving average is $354.11 and its 200-day simple moving average is $341.06. The company has a market cap of $4.24 trillion, a price-to-earnings ratio of 17.40, a PEG ratio of 0.96 and a beta of 1.24. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. As a group, sell-side analysts expect that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet's dividend payout ratio (DPR) is presently 4.42%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet disclosed that it still owns a substantial stake in SpaceX, an investment that has reportedly generated an exceptional return since 2015. The holding could provide significant balance-sheet value, although it does not directly improve Alphabet’s operating earnings. Google Parent Alphabet Just Revealed How Many SpaceX Shares It Owns
• Positive Sentiment: Google launched Gemini 3.7 Flash, targeting software coding and automated business workflows. The release supports Alphabet’s effort to monetize Gemini through enterprise and developer use, though investors noted that Google provided no timing for its flagship Pro model. Google unveils Gemini 3.7 Flash AI model
• Positive Sentiment: A new partnership with Zocdoc will allow users to book healthcare appointments directly through the Gemini app. The initiative adds a practical, potentially commercial use case for Gemini while emphasizing data privacy. Gemini and Zocdoc launch AI doctor booking
• Positive Sentiment: Ryanair signed a five-year Google Cloud agreement covering Gemini, DeepMind and Workspace across approximately 35,000 employees. The contract adds evidence of enterprise demand for Google’s cloud and AI offerings. Ryanair signs five-year Google Cloud deal
• Neutral Sentiment: Google unveiled Pixel 11 devices, Pixel Watch 5 and a $29 Pixel Tag, with Gemini integration as the main product theme. The launches strengthen Alphabet’s consumer ecosystem, but limited hardware changes make their sales impact uncertain. Google unveils Pixel 11 lineup
• Negative Sentiment: Zacks Research downgraded Alphabet from “strong buy” to “hold,” citing the stock’s pullback, heavy AI spending and pressure on cash flow despite strong Cloud growth and a reported $514 billion backlog. GOOGL down from 52-week high
• Negative Sentiment: Prediction-market odds for an imminent Gemini Pro launch collapsed, raising concerns that Google may be moving slower than expected in the frontier-AI race. Separately, Nvidia’s major financing and chip initiative could intensify competition with Alphabet’s custom AI hardware. Traders slash odds on imminent Gemini Pro launch
• Negative Sentiment: Pomerantz LLP said it is investigating potential claims on behalf of Alphabet investors. The announcement does not establish wrongdoing, but adds legal and headline risk. Pomerantz investor alert

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction dated 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 sale, the insider directly owned 75,290 shares of the company's stock, valued at $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 451,945 shares of company stock worth $12,382,714 in the last three months. Corporate 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.

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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