Tredje AP fonden Has $174.72 Million Holdings in Alphabet Inc. $GOOG

Key Points

• Tredje AP fonden cut its Alphabet stake by 18.2% in the fourth quarter, but still held 556,777 shares worth about $174.7 million, making GOOG its 14th-largest position.
• Alphabet recently posted strong quarterly results, with $5.11 EPS versus $2.68 expected and revenue of $109.9 billion, up 21.8% year over year.
• The company also increased its quarterly dividend to $0.22 per share and continues to draw bullish analyst coverage, with a consensus rating of Buy and multiple price targets above the current share price.

Tredje AP fonden lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 18.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 556,777 shares of the information services provider's stock after selling 123,981 shares during the quarter. Alphabet makes up approximately 1.3% of Tredje AP fonden's investment portfolio, making the stock its 14th largest position. Tredje AP fonden's holdings in Alphabet were worth $174,717,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. AMF Tjanstepension AB increased its position in Alphabet by 5.0% during the fourth quarter. AMF Tjanstepension AB now owns 2,438,084 shares of the information services provider's stock worth $765,071,000 after buying an additional 115,828 shares during the last quarter. Conway Capital Management Inc. increased its position in Alphabet by 4.1% during the fourth 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 position in Alphabet during the fourth quarter worth approximately $279,000. AF Advisors Inc. acquired a new position in Alphabet during the fourth quarter worth approximately $207,000. Finally, Gables Capital Management Inc. increased its position in Alphabet by 2.1% during the fourth 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. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet Price Performance

Alphabet stock opened at $386.12 on Friday. Alphabet Inc. has a 12 month low of $163.33 and a 12 month high of $404.47. The stock's 50 day moving average is $341.87 and its 200-day moving average is $323.94. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.68 trillion, a price-to-earnings ratio of 29.45, a PEG ratio of 1.65 and a beta of 1.25.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted 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. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter in the prior year, the business earned $2.81 earnings per share. The firm's revenue for the quarter was up 21.8% on a year-over-year basis. Equities research analysts expect that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet's dividend payout ratio (DPR) is currently 6.41%.

Analysts Set New Price Targets

A number of brokerages have weighed in on GOOG. BMO Capital Markets reissued an "outperform" rating and set a $400.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Stifel Nicolaus set a $420.00 price target on Alphabet in a research report on Wednesday, May 20th. Needham & Company LLC set a $400.00 price target on Alphabet and gave the stock a "buy" rating in a research report on Friday, March 13th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $450.00 target price on shares of Alphabet in a research report on Thursday, May 21st. Finally, KeyCorp reaffirmed an "overweight" rating on shares of Alphabet in a research report on Wednesday, May 20th. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $372.65.

More Alphabet News

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

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of the sale, the director directly owned 2,531 shares in the company, valued at approximately $995,341.06. The trade was a 29.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O'toole sold 617 shares of the business's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the sale, the chief accounting officer owned 10,093 shares of the company's stock, valued at approximately $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 226,481 shares of company stock valued at $27,422,061 in the last quarter. Company insiders own 12.99% of the company's stock.

About Alphabet

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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