AMF Tjanstepension AB Acquires 115,828 Shares of Alphabet Inc. $GOOG

Key Points

• AMF Tjanstepension AB increased its Alphabet stake by 5.0% in the fourth quarter, buying 115,828 more shares and bringing its total holdings to 2,438,084 shares worth about $765.1 million.
• Alphabet’s recent fundamentals remain strong: the company reported Q1 EPS of $5.11, well above estimates, on revenue of $109.9 billion, while also raising its quarterly dividend to $0.22 per share.
• Investor sentiment is mixed but broadly constructive, with analysts maintaining an average “Buy” rating and new AI/Waymo initiatives seen as positives, even as insider selling and regulatory/reputational headlines create some pressure.

AMF Tjanstepension AB boosted its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,438,084 shares of the information services provider's stock after buying an additional 115,828 shares during the period. Alphabet accounts for approximately 4.7% of AMF Tjanstepension AB's holdings, making the stock its 4th largest holding. AMF Tjanstepension AB's holdings in Alphabet were worth $765,071,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Conway Capital Management Inc. boosted its stake in Alphabet by 4.1% in the 4th quarter. Conway Capital Management Inc. now owns 44,030 shares of the information services provider's stock worth $13,817,000 after buying an additional 1,730 shares during the last quarter. Stolz & Associates PS acquired a new stake in Alphabet in the 4th quarter worth about $279,000. AF Advisors Inc. acquired a new stake in Alphabet in the 4th quarter worth about $207,000. Gables Capital Management Inc. boosted its stake in Alphabet by 2.1% in the 4th quarter. Gables Capital Management Inc. now owns 14,547 shares of the information services provider's stock worth $4,565,000 after buying an additional 300 shares during the last quarter. Finally, AAF Wealth Management LLC boosted its stake in Alphabet by 6.7% in the 4th quarter. AAF Wealth Management LLC now owns 14,671 shares of the information services provider's stock worth $4,604,000 after buying an additional 925 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Alphabet news, CAO Amie Thuener O'toole sold 617 shares of the firm's stock in a transaction that occurred on Wednesday, April 1st. The stock was 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 $2,923,235.59. This trade represents a 5.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 firm's stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 226,481 shares of company stock worth $27,422,061 over the last quarter. Corporate insiders own 12.99% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Waymo unit is rolling out its new “Ojai” robotaxi to select riders in major U.S. cities, with a roomier design, lower manufacturing costs, and a removable steering wheel — all signs that the autonomous vehicle business may become more scalable and economically viable. Article Title
• Positive Sentiment: Alphabet also announced a Google Cloud partnership with EQT to help more than 300 portfolio companies accelerate AI adoption, reinforcing cloud and AI as key growth drivers for the company beyond advertising. Article Title
• Neutral Sentiment: Commentary from Jim Cramer and several market notes described Alphabet as a “crucial position” and suggested investors still may be underestimating Waymo’s value, which can help sentiment but does not change fundamentals by itself. Article Title
• Neutral Sentiment: There was also interest in Alphabet’s AI-search changes and new Gemini-powered ad formats, which could improve monetization over time, but some observers say the overhaul is still controversial and early reactions are mixed. Article Title
• Negative Sentiment: Federal prosecutors charged a Google software engineer with using confidential information to make about $1.2 million on Polymarket bets, creating unwanted reputational risk for Alphabet and adding headlines that may pressure sentiment. Article Title
• Negative Sentiment: Alphabet’s recent AI Search overhaul is also drawing criticism, with some users and rival search services benefiting as concerns grow that Google’s changes could hurt traffic patterns and user satisfaction. Article Title

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $386.12 on Friday. The company has a market cap of $4.68 trillion, a P/E ratio of 29.45, a PEG ratio of 1.65 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. Alphabet Inc. has a one year low of $163.33 and a one year high of $404.47. The business's 50-day simple moving average is $341.87 and its 200 day simple moving average is $323.94.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.68 by $2.43. The business had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company's revenue was up 21.8% on a year-over-year basis. During the same period last year, the business posted $2.81 EPS. On average, sell-side analysts forecast that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

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

Analyst Ratings Changes

A number of analysts have issued reports on the company. Truist Financial set a $385.00 price target on Alphabet in a research note on Wednesday, April 22nd. Freedom Capital lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. Wedbush reissued an "outperform" rating and issued a $370.00 price target on shares of Alphabet in a research note on Thursday, February 5th. Oppenheimer raised their price objective on Alphabet from $425.00 to $445.00 and gave the stock an "outperform" rating in a report on Friday, May 15th. Finally, TD Cowen restated a "buy" rating on shares of Alphabet in a report on Thursday, May 21st. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Alphabet currently has an average rating of "Buy" and an average target price of $372.65.

Alphabet Company 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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