Andra AP fonden Reduces Stock Holdings in Alphabet Inc. $GOOGL

Andra AP fonden lessened its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 11.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 755,022 shares of the information services provider's stock after selling 100,113 shares during the period. Alphabet comprises 3.0% of Andra AP fonden's portfolio, making the stock its 7th biggest holding. Andra AP fonden's holdings in Alphabet were worth $269,822,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in GOOGL. EMC Capital Management bought a new stake in shares of Alphabet in the 4th quarter worth approximately $33,000. Lifetime Wealth Management P.C. acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $32,000. Core Capital Management & Research inc. bought a new stake in shares of Alphabet during the second quarter valued at approximately $41,000. Premier Financial Group bought a new stake in shares of Alphabet during the second quarter valued at approximately $45,000. Finally, Bard Associates Inc. acquired a new position in shares of Alphabet in the fourth quarter valued at $52,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GOOGL has been the topic of several analyst reports. Pivotal Research reissued a "buy" rating and issued a $475.00 price target (up from $470.00) on shares of Alphabet in a report on Thursday, July 23rd. KeyCorp raised their price objective on shares of Alphabet from $425.00 to $445.00 and gave the stock an "overweight" rating in a report on Friday, July 10th. Evercore reiterated an "outperform" rating and set a $450.00 target price on shares of Alphabet in a research report on Wednesday, September 16th. DZ Bank raised shares of Alphabet to a "strong-buy" rating in a research note on Thursday, July 23rd. Finally, Barclays reissued an "overweight" rating and issued a $425.00 price target (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Five analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Alphabet has an average rating of "Buy" and an average price target of $422.16.

Insider Activity

In related news, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer owned 27,386 shares of the company's stock, valued at $9,125,015.20. This trade represents a 1.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frances Arnold sold 112 shares of the company's stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total transaction of $39,343.36. Following the completion of the sale, the director owned 18,833 shares of the company's stock, valued at approximately $6,615,656.24. This represents a 0.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 450,875 shares of company stock worth $11,984,482 over the last quarter. 11.61% of the stock is owned by insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet continues to benefit from strong AI-related growth. Reports point to a cloud backlog exceeding $500 billion, expanding Gemini adoption and AI monetization across cloud services, advertising and software. Prediction: This Magnificent Seven Stock Could Soar 50% by 2027
• Positive Sentiment: YouTube is investing in tools and incentives to retain prominent digital creators as it competes with Netflix, supporting the platform’s advertising and subscription opportunity. YouTube Is Battling Netflix Over Top Talent
• Positive Sentiment: Google agreed to support Georgia Power’s nuclear-plant upgrades, potentially adding 96 megawatts of capacity. The agreement could help secure electricity for Alphabet’s energy-intensive data-center expansion. Georgia Power Signs Google Deal to Boost Nuclear Capacity
• Neutral Sentiment: Analysts remain broadly constructive, with positive earnings revisions and no reported sell ratings. However, these expectations appear to be largely reflected in the valuation, limiting the immediate upside reaction.
• Negative Sentiment: Anthropic’s decision to lower Claude pricing increases competitive pressure on Google Cloud and may reduce revenue per comparable AI workload. Alphabet’s Slips as Claude Gets Cheaper
• Negative Sentiment: Investors are rotating within big technology stocks amid concerns about AI spending, competition and the pace of returns. Alphabet was among the weaker performers in that rotation. Alphabet Drops as AI Rotation Splits Big Tech
• Negative Sentiment: UK regulators proposed giving Android and Chrome users more choice over search engines and AI assistants, posing a potential threat to Google’s default-search advantage. Google also faces an appeal of a $425 million privacy verdict. UK Regulator Proposes Giving Consumers More Search Choice

Alphabet Price Performance

Shares of GOOGL stock opened at $337.83 on Thursday. Alphabet Inc. has a 52 week low of $235.84 and a 52 week high of $408.61. The stock has a market capitalization of $4.13 trillion, a PE ratio of 16.97, a PEG ratio of 1.02 and a beta of 1.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The stock's fifty day moving average is $344.42 and its 200-day moving average is $346.14.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. The firm had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Equities research analysts expect that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Alphabet Company Profile

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet's largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).

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.