KLP Kapitalforvaltning AS Has $573.83 Million Position in Alphabet Inc. $GOOGL

KLP Kapitalforvaltning AS boosted its position in Alphabet Inc. (NASDAQ:GOOGL) by 6.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,360,460 shares of the information services provider’s stock after acquiring an additional 140,000 shares during the period. Alphabet accounts for approximately 2.3% of KLP Kapitalforvaltning AS’s portfolio, making the stock its 6th largest holding. KLP Kapitalforvaltning AS’s holdings in Alphabet were worth $573,828,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in Alphabet by 3.9% in the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after buying an additional 4,110 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Alphabet by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after acquiring an additional 506 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. boosted its holdings in shares of Alphabet by 32.2% in the second quarter. Financiere des Professionnels Fonds d investissement inc. now owns 51,507 shares of the information services provider’s stock worth $9,077,000 after acquiring an additional 12,547 shares during the period. Jackson Square Capital LLC grew its position in shares of Alphabet by 38.9% in the second quarter. Jackson Square Capital LLC now owns 52,494 shares of the information services provider’s stock valued at $9,251,000 after purchasing an additional 14,704 shares in the last quarter. Finally, Chickasaw Capital Management LLC raised its stake in shares of Alphabet by 6.2% during the 2nd quarter. Chickasaw Capital Management LLC now owns 24,938 shares of the information services provider’s stock valued at $4,395,000 after purchasing an additional 1,450 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

GOOGL opened at $330.00 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $3.98 trillion, a P/E ratio of 32.54, a PEG ratio of 1.82 and a beta of 1.08. The stock has a 50-day moving average price of $311.33 and a 200-day moving average price of $254.85. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $340.49.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. The company had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%. Equities analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is 8.28%.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 17,829 shares of Alphabet stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $314.89, for a total value of $5,614,173.81. Following the transaction, the insider owned 42,972 shares in the company, valued at $13,531,453.08. This trade represents a 29.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $283.48, for a total transaction of $9,213,100.00. Following the sale, the chief executive officer owned 2,337,119 shares of the company’s stock, valued at approximately $662,526,494.12. The trade was a 1.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 189,909 shares of company stock valued at $57,927,282. Insiders own 11.64% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Big AI monetization wins — Apple’s decision to build next‑gen Siri on Google’s Gemini (a central catalyst behind Alphabet topping a ~$4 trillion valuation) implies licensing revenue and much broader Gemini distribution, which supports revenue and margins. Read More.
• Positive Sentiment: Analyst backing — recent upgrades and a higher price target (e.g., Bank of America raised its GOOGL target) are propping sentiment and provide near‑term buy‑side support. Read More.
• Positive Sentiment: New commercial partnerships — Google announced a Woolworths pilot to add agentic AI to its Olive chatbot in Australia, expanding potential retail use cases and distribution for Google’s AI services. Read More.
• Neutral Sentiment: Competitive positioning — DeepMind leadership and comments that Chinese models are “months” behind support Alphabet’s technical edge, but competition remains intense and will keep investment cycles high. Read More.
• Negative Sentiment: Antitrust fallout — Google asked a judge to defer an order forcing it to share search data while it appeals a ruling that found an illegal monopoly in search; ongoing remedies or eventual enforcement could materially affect the core search business and ad economics. Read More.
• Negative Sentiment: Copyright litigation risk — major publishers are seeking to join a class action alleging Google used copyrighted material to train its AI, creating potential licensing costs, damages or restrictions on training data. Read More.
• Negative Sentiment: Infrastructure headwinds — Google warns U.S. transmission system constraints are slowing data‑center hookups and could raise capex and delay cloud/AI capacity expansion, pressuring near‑term margins. Read More.
• Negative Sentiment: Insider selling — a disclosed director sale (600 shares) is small but adds to mixed sentiment amid other headwinds. Read More.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GOOGL. The Goldman Sachs Group restated a “buy” rating and issued a $375.00 target price (up previously from $330.00) on shares of Alphabet in a research note on Tuesday. Roth Capital increased their price target on shares of Alphabet from $210.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Oppenheimer boosted their price objective on shares of Alphabet from $270.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. UBS Group reiterated a “neutral” rating and issued a $306.00 target price (up from $255.00) on shares of Alphabet in a research note on Thursday, October 30th. Finally, Phillip Securities raised shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $326.31.

About Alphabet

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.