Forsta AP Fonden Has $413.09 Million Stock Holdings in Alphabet Inc. $GOOG

Forsta AP Fonden reduced its position in Alphabet Inc. (NASDAQ:GOOG) by 3.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,316,400 shares of the information services provider’s stock after selling 53,100 shares during the period. Alphabet accounts for approximately 2.4% of Forsta AP Fonden’s holdings, making the stock its 8th biggest holding. Forsta AP Fonden’s holdings in Alphabet were worth $413,086,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GOOG. Norges Bank acquired a new stake in shares of Alphabet during the 4th quarter valued at approximately $18,093,665,000. Vanguard Group Inc. raised 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 in the last quarter. JPMorgan Chase & Co. raised 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 in the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of Alphabet in the 4th quarter worth about $1,017,756,000. Finally, Danske Bank A S bought a new position in shares of Alphabet in the 3rd quarter worth about $678,198,000. 27.26% of the stock is owned by institutional investors.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet signed a major cloud-computing agreement with SpaceX, with reports putting the deal at about $920 million per month for 32 months, which could provide a meaningful revenue stream and reinforce demand for Google Cloud. Article Title
• Positive Sentiment: Alphabet’s municipal-bond debut drew strong investor demand, suggesting institutions still view the company as a high-quality borrower with flexible financing options. Article Title
• Positive Sentiment: Some investors and analysts said the equity raise is a strategic move to accelerate AI infrastructure and may help Alphabet defend and expand its long-term leadership in search, cloud, and AI. Article Title
• Neutral Sentiment: Alphabet also appeared in commentary about AI-related partnerships, including potential indirect benefits from the SpaceX IPO and other cloud collaborations, but these are mostly longer-term strategic themes rather than immediate catalysts. Article Title
• Negative Sentiment: Wall Street coverage focused heavily on Alphabet’s expanding capital expenditures, with some commentators warning that the AI buildout may be getting too expensive and could pressure free cash flow. Article Title

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. UBS Group restated a “neutral” rating and issued a $348.00 price target (up from $345.00) on shares of Alphabet in a research report on Thursday, February 12th. Wells Fargo & Company restated an “overweight” rating and issued a $435.00 price target on shares of Alphabet in a research report on Tuesday, June 2nd. Needham & Company LLC set a $400.00 target price on Alphabet and gave the company a “buy” rating in a research note on Friday, March 13th. Citigroup restated a “market outperform” rating on shares of Alphabet in a research note on Monday, June 1st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research note on Monday, April 20th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Alphabet has an average rating of “Buy” and an average target price of $376.00.

Alphabet Stock Performance

Alphabet stock opened at $365.76 on Monday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $350.06 and a two-hundred day moving average price of $327.36. The firm has a market capitalization of $4.43 trillion, a price-to-earnings ratio of 27.90, a PEG ratio of 1.57 and a beta of 1.22. Alphabet Inc. has a 52-week low of $163.33 and a 52-week high of $404.47.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $2.43. The firm had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Alphabet’s revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.81 EPS. Sell-side analysts expect that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. Alphabet’s dividend payout ratio is presently 6.71%.

Insider Activity at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 617 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer owned 10,093 shares of the company’s stock, valued at $2,923,235.59. This trade represents a 5.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 193,016 shares of company stock valued at $17,282,549. Company insiders own 12.99% of the company’s stock.

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.