Maj Invest Holding A S Sells 5,531 Shares of Alphabet Inc. $GOOGL

Key Points

• Maj Invest Holding A S trimmed its Alphabet stake by 1.7% in the third quarter, selling 5,531 shares. It still held 324,064 shares valued at about $111.5 million, making Alphabet its ninth-largest portfolio holding.
• Analysts remain broadly positive: the stock carries a consensus “Buy” rating and an average price target of $412.51, though some firms recently lowered their targets.
• Alphabet’s latest quarterly results fell short of expectations, with EPS of $2.12 versus a $3.02 consensus and revenue of $127.58 billion versus $127.96 billion expected. The company also announced a quarterly dividend of $0.22 per share.

Maj Invest Holding A S lowered its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 324,064 shares of the information services provider's stock after selling 5,531 shares during the quarter. Alphabet comprises about 4.9% of Maj Invest Holding A S's portfolio, making the stock its 9th biggest holding. Maj Invest Holding A S's holdings in Alphabet were worth $111,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of GOOGL. Vantage Investment Partners LLC boosted its holdings in Alphabet by 39.2% during the 3rd quarter. Vantage Investment Partners LLC now owns 64,489 shares of the information services provider's stock valued at $22,189,000 after acquiring an additional 18,148 shares during the period. Financial Insights Inc. increased its stake in Alphabet by 4.4% during the third quarter. Financial Insights Inc. now owns 4,168 shares of the information services provider's stock worth $1,434,000 after purchasing an additional 175 shares during the period. Prism Planning Partners LLC increased its stake in Alphabet by 4.0% during the third quarter. Prism Planning Partners LLC now owns 1,796 shares of the information services provider's stock worth $618,000 after purchasing an additional 69 shares during the period. Conning Inc. increased its stake in Alphabet by 3.1% during the third quarter. Conning Inc. now owns 38,257 shares of the information services provider's stock worth $13,163,000 after purchasing an additional 1,134 shares during the period. Finally, Petersen Hastings Wealth Advisors Inc. lifted its position in shares of Alphabet by 2.6% during the third quarter. Petersen Hastings Wealth Advisors Inc. now owns 1,434 shares of the information services provider's stock worth $493,000 after purchasing an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 83 shares of the firm's stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the sale, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 247 shares of company stock valued at $79,238 over the last 90 days. Corporate insiders own 11.61% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on GOOGL. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research note on Thursday, October 15th. Royal Bank Of Canada cut their target price on shares of Alphabet from $425.00 to $400.00 and set an "outperform" rating on the stock in a research note on Thursday, October 29th. Roth Capital reaffirmed a "buy" rating and set a $440.00 target price (up from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Wedbush reduced their target price on shares of Alphabet from $445.00 to $387.00 and set an "outperform" rating on the stock in a report on Thursday, October 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of Alphabet from $420.00 to $425.00 and gave the company an "overweight" rating in a research report on Thursday, October 15th. Five analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $412.51.

Alphabet Trading Down 2.2%

NASDAQ GOOGL opened at $282.57 on Friday. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. Alphabet Inc. has a 52 week low of $270.70 and a 52 week high of $408.61. The stock has a market capitalization of $3.46 trillion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 0.87 and a beta of 1.23. The firm has a 50 day moving average of $334.04 and a two-hundred day moving average of $339.15.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing analysts' consensus estimates of $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The firm had revenue of $127.58 billion during the quarter, compared to analysts' expectations of $127.96 billion. As a group, research analysts expect that Alphabet Inc. will post 19.86 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, December 7th. Alphabet's dividend payout ratio is 4.59%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google plans to invest $17 billion in a Wyoming data center, adding capacity to serve AI demand. Google’s credit backstop for Anthropic’s $19 billion TeraWulf data-center lease may also help secure future AI infrastructure. The commitments support growth, though they require substantial capital. Alphabet's Google Plans $17 Billion Investment in Wyoming Data Center
• Neutral Sentiment: Google, Meta and TikTok sued California to block a law restricting features considered addictive for users under 16. A successful challenge could limit regulatory constraints, but the outcome is uncertain and the dispute adds scrutiny of social-media practices. Meta, Google, and TikTok sue California AG over teen social media law
• Negative Sentiment: Investors remain concerned that AI infrastructure spending is pressuring free cash flow and margins. The $17 billion Wyoming project reinforces Google’s growth ambitions but could intensify worries about the scale and payoff of capital spending. Alphabet's Free Cash Flow Is Declining Faster Than Analysts Expected
• Negative Sentiment: A new lawsuit alleges a student used Google AI on a school Chromebook while planning a suicide attempt. The allegations are unproven, but the case could heighten reputational, product-safety and legal risks amid broader concerns about children’s online safety. Google faces claims student used AI chat on US school laptop to plan suicide attempt
• Negative Sentiment: Google has drawn backlash over a policy that would deny Search access to schools that restrict its AI tools, potentially damaging trust and inviting further scrutiny. Separately, law firms are publicizing a securities class action alleging misleading statements about Gemini 3.5 Pro; the claims are allegations, not findings, but add legal overhang. Google faces backlash for plan that would turn off Search for schools that restrict AI

Alphabet Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.

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