Formuepleje A S Has $89.28 Million Stake in Alphabet Inc. $GOOGL

Key Points

• Formuepleje A S increased its Alphabet stake by 12% in the second quarter, owning 249,813 shares valued at approximately $89.28 million. Alphabet now represents about 7% of the firm’s portfolio and is its second-largest holding.
• Wall Street remains bullish: 50 analysts rate Alphabet Buy or Strong Buy, with a consensus price target of $422.16 versus a share price of about $349.54.
• Alphabet reported quarterly revenue of $119.8 billion and EPS of $9.11, exceeding estimates, while AI-chip sales and Waymo’s expansion provide growth opportunities. Risks include increased AI infrastructure spending, higher interest rates and new ad-tech restrictions.

Formuepleje A S raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 12.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 249,813 shares of the information services provider's stock after buying an additional 26,747 shares during the period. Alphabet comprises approximately 7.0% of Formuepleje A S's portfolio, making the stock its 2nd largest position. Formuepleje A S's holdings in Alphabet were worth $89,276,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GOOGL. Invesco Ltd. grew its position in Alphabet by 0.5% during the 4th quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider's stock worth $14,208,470,000 after acquiring an additional 208,362 shares during the last quarter. Fisher Asset Management LLC increased its stake in Alphabet by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 38,106,033 shares of the information services provider's stock worth $11,927,189,000 after purchasing an additional 583,078 shares during the period. Amundi lifted its position in Alphabet by 4.6% in the second quarter. Amundi now owns 33,203,350 shares of the information services provider's stock valued at $11,865,809,000 after purchasing an additional 1,457,371 shares during the last quarter. Nuveen LLC lifted its position in Alphabet by 1.7% in the fourth quarter. Nuveen LLC now owns 29,166,806 shares of the information services provider's stock valued at $9,129,210,000 after purchasing an additional 478,848 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Alphabet by 10.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider's stock valued at $6,334,186,000 after purchasing an additional 1,631,721 shares during the period. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Truist Financial set a $420.00 target price on shares of Alphabet and gave the stock a "buy" rating in a report on Thursday, July 23rd. Roth Capital reiterated a "buy" rating and set a $440.00 price target (up from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Royal Bank Of Canada reissued an "outperform" rating and set a $425.00 price target on shares of Alphabet in a research report on Thursday, July 23rd. Citizens Jmp reissued a "market outperform" rating and issued a $515.00 price target on shares of Alphabet in a report on Wednesday, July 22nd. Finally, DA Davidson set a $350.00 price objective on shares of Alphabet and gave the company a "neutral" rating in a research report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $422.16.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI chip sales add a new revenue stream: Alphabet began recognizing revenue from sales of its internally developed AI chip systems in the second quarter. Investors may view the business as both a potential growth driver and a way to monetize Google’s technology infrastructure. 2 Stocks to Buy as Google Starts Selling Its AI Chips
• Positive Sentiment: Analyst raises price target: Tigress Financial Partners increased its price target for GOOGL to $485, reflecting confidence in Alphabet’s Search, Cloud, YouTube, Gemini and custom-chip opportunities. Alphabet Price Target Raised to $485
• Positive Sentiment: Waymo expands internationally: Alphabet’s autonomous-driving unit plans to launch an all-electric robotaxi service in Singapore by 2028, strengthening the long-term investment case for Alphabet’s “Other Bets” portfolio. Waymo to Bring Autonomous Ride-Hailing to Singapore
• Positive Sentiment: Options activity signals bullish positioning: Investors purchased roughly 520,000 Alphabet call options, above typical volume, indicating increased speculative interest in further upside.
• Neutral Sentiment: Ad-tech ruling avoids a breakup but imposes restrictions: A federal judge ordered Google to share more auction data with publishers and appoint an antitrust monitor, but rejected a forced breakup. Avoiding structural separation limits the immediate risk to Alphabet’s advertising business, while the behavioral remedies could pressure operations and margins. Tech Watchdogs Criticize Google Adtech Ruling
• Negative Sentiment: Higher rates and AI spending remain risks: The Federal Reserve’s rate increase and Alphabet’s heavy investment in AI infrastructure could keep pressure on free cash flow and valuation, even as Cloud backlog and AI demand remain strong.

Insider Activity

In related news, CAO Marsida Saraci sold 449 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 112 shares of the firm's stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total transaction of $39,343.36. Following 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 450,875 shares of company stock worth $11,984,482. 11.61% of the stock is currently owned by company insiders.

Alphabet Stock Performance

Shares of GOOGL opened at $349.54 on Monday. Alphabet Inc. has a 1-year low of $235.84 and a 1-year high of $408.61. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The firm's 50-day moving average price is $345.20 and its 200-day moving average price is $345.18. The firm has a market capitalization of $4.27 trillion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.01 and a beta of 1.22.

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

Alphabet Announces Dividend

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

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