Livforsakringsbolaget Skandia Omsesidigt Sells 2,931 Shares of Alphabet Inc. $GOOG

Key Points

• Livforsakringsbolaget Skandia Omsesidigt cut its Alphabet stake by 8.3% in the fourth quarter, selling 2,931 shares and leaving it with 32,580 shares valued at about $10.2 million.
• Large institutional investors remain heavily invested in Alphabet, with firms like Norges Bank and Vanguard making sizable moves; overall, institutions own 27.26% of the company.
• Wall Street sentiment on Alphabet is still positive, with analysts maintaining mostly Buy/Strong Buy ratings and an average price target of $376.78, while the company also recently raised its quarterly dividend to $0.22 per share.

Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,580 shares of the information services provider's stock after selling 2,931 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Alphabet were worth $10,223,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of GOOG. Norges Bank bought a new stake in shares of Alphabet during the 4th quarter valued at about $18,093,665,000. Vanguard Group Inc. boosted its position in shares of Alphabet by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider's stock valued at $132,114,125,000 after acquiring an additional 8,128,234 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Alphabet by 8.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider's stock valued at $24,240,469,000 after acquiring an additional 7,904,434 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in shares of Alphabet during the 4th quarter valued at about $1,017,756,000. Finally, Danske Bank A S purchased a new position in shares of Alphabet during the 3rd quarter valued at about $678,198,000. Institutional investors own 27.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GOOG shares. Raymond James Financial reissued a "strong-buy" rating and set a $425.00 price objective on shares of Alphabet in a report on Thursday, April 30th. Oppenheimer raised their price objective on Alphabet from $425.00 to $445.00 and gave the company an "outperform" rating in a report on Friday, May 15th. Scotiabank reissued an "outperform" rating and set a $450.00 price objective (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Wells Fargo & Company reissued an "overweight" rating and set a $435.00 price objective on shares of Alphabet in a report on Tuesday, June 2nd. Finally, Citigroup reissued a "market outperform" rating on shares of Alphabet in a report on Monday, June 1st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $376.78.

Insiders Place Their Bets

In other news, CAO Amie Thuener O'toole sold 617 shares of Alphabet stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total value of $178,701.71. Following the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at approximately $2,923,235.59. This trade represents a 5.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total value of $10,006,425.00. Following the completion of the sale, the chief executive officer owned 1,642,060 shares in the company, valued at approximately $505,573,853.40. This represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 193,016 shares of company stock worth $17,282,549. 12.99% of the stock is currently owned by corporate insiders.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is expanding Gemini with new tools aimed at small businesses, which could help broaden adoption and monetize AI services. Google Debuts Gemini Features Geared to Small Businesses
• Positive Sentiment: Alphabet’s support for Anthropic’s $35 billion AI infrastructure financing deal reinforces its central role in AI buildout and could boost cloud demand. Google Backs $35 Billion Anthropic AI Infrastructure Financing Deal
• Positive Sentiment: Reports that Gemini monthly users have doubled highlight strong product momentum and strengthen the long-term AI growth story. Alphabet Inc. (GOOGL) Reports Doubling of Gemini App Monthly Users to 900 Million
• Neutral Sentiment: Google’s reported $920 million-per-month AI compute deal with SpaceX may support future growth, but it also signals rising infrastructure spending and AI competition costs. Google's $920 Million-a-Month Deal Could Supercharge the SpaceX IPO
• Negative Sentiment: A fire at a third-party data center caused intermittent Google Cloud disruptions in India, which could raise reliability concerns for some customers. Fire at third-party facility disrupts Google Cloud network traffic in India
• Negative Sentiment: A California judge denied Google’s request for a new trial in the youth social media addiction case, leaving legal liability concerns in place. Meta and Google denied new trial after landmark verdict in youth social media addiction case

Alphabet Price Performance

Shares of Alphabet stock opened at $353.32 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The business's 50 day simple moving average is $355.05 and its two-hundred day simple moving average is $328.84. The stock has a market capitalization of $4.28 trillion, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. Alphabet Inc. has a one year low of $163.33 and a one year high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $2.43. The business had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business's quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.81 EPS. Analysts forecast that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a $0.22 dividend. This is an increase from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date of this dividend 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 presently 6.71%.

Alphabet 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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