Alphabet Inc. $GOOGL Stock Holdings Increased by Danske Bank A S

Key Points

• Danske Bank A S increased its Alphabet stake by 3.1% in the fourth quarter, adding 146,601 shares to reach 4.81 million shares valued at about $1.51 billion. Alphabet is now the fund’s fifth-largest holding.
• Alphabet delivered strong quarterly results, reporting EPS of $5.11 versus analyst expectations of $2.64 and revenue of $109.9 billion, ahead of estimates. The company also raised its quarterly dividend to $0.22 per share from $0.21.
• Investor and analyst sentiment remains positive, with multiple firms lifting price targets and Alphabet’s AI initiatives drawing attention. However, the article notes some concerns about AI changes to search and broader regulatory/headline risks.

Danske Bank A S grew its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,814,157 shares of the information services provider's stock after acquiring an additional 146,601 shares during the period. Alphabet comprises 3.5% of Danske Bank A S's holdings, making the stock its 5th biggest position. Danske Bank A S's holdings in Alphabet were worth $1,506,831,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. PMV Capital Advisers LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $38,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Alphabet in the 3rd quarter valued at $53,000. Kentucky Trust Co lifted its stake in shares of Alphabet by 142.9% in the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock valued at $53,000 after purchasing an additional 100 shares during the period. iSAM Funds UK Ltd acquired a new position in shares of Alphabet in the 3rd quarter valued at $53,000. Finally, Sellwood Investment Partners LLC acquired a new position in shares of Alphabet in the 3rd quarter valued at $63,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

Alphabet stock opened at $387.66 on Wednesday. Alphabet Inc. has a 52-week low of $162.00 and a 52-week high of $408.61. The firm has a market capitalization of $4.70 trillion, a price-to-earnings ratio of 29.57, a PEG ratio of 1.70 and a beta of 1.26. The company has a fifty day simple moving average of $333.00 and a 200-day simple moving average of $319.32. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. 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 $106.98 billion. On average, equities analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet's payout ratio is currently 6.41%.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O'toole sold 617 shares of the company's stock in a transaction on 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 of the company's stock, valued at $2,923,235.59. This represents a 5.76% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 226,481 shares of company stock valued at $27,422,061. 11.61% of the stock is owned by company insiders.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet and Blackstone announced a $5 billion AI infrastructure joint venture to build TPU-powered cloud capacity, which could deepen demand for Google’s custom chips and expand its AI ecosystem. Google, Blackstone to create new AI cloud company, WSJ reports
• Positive Sentiment: Google I/O showcased a broad AI push across Search, Gemini, Workspace, shopping, and video tools, reinforcing the idea that Alphabet is monetizing AI rather than just defending against rivals. Google debuts new AI models, personal AI agents in effort to keep pace with OpenAI and Anthropic
• Positive Sentiment: Analyst sentiment remains constructive, with Arete Research lifting its price target to $425 and maintaining a buy rating, signaling continued upside expectations. Arete Research adjusts price target on Alphabet to $425 from $405
• Positive Sentiment: Alphabet said Gemini now has 900 million monthly users and AI Overviews has 2.5 billion monthly users, suggesting its AI products are already reaching scale. Google kicks off I/O conference with AI upgrades for coders, consumers
• Neutral Sentiment: Alphabet disclosed insider sales by a major shareholder, but the transactions appear routine and are not, by themselves, a strong fundamental signal. SEC filing
• Negative Sentiment: Some investors are uneasy that Google’s AI-heavy search redesign could disrupt the company’s core ad model, especially as the “ten blue links” era fades. Google Search as you know it is over
• Negative Sentiment: There is also headline risk from broader scrutiny around platform responsibility and YouTube youth-safety issues, which may keep some investors cautious. Alphabet’s $5 Trillion Milestone: How AI Ambitions Are Fueling Google’s Record Run

Wall Street Analyst Weigh In

GOOGL has been the subject of several analyst reports. CICC Research boosted their target price on shares of Alphabet from $388.00 to $407.91 and gave the company an "outperform" rating in a research note on Friday, May 1st. KeyCorp set a $425.00 target price on shares of Alphabet and gave the company an "overweight" rating in a research note on Thursday, April 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of Alphabet in a research note on Monday, April 20th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $390.00 target price (up from $345.00) on shares of Alphabet in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. reiterated a "buy" rating on shares of Alphabet in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and an average price target of $411.23.

About Alphabet

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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