PensionDanmark Pensionsforsikringsaktieselskab 13F: Cuts GOOG Stake by $13M
Key Points
- PensionDanmark reduced its Alphabet Inc. holdings by 37,043 shares to wrap up the filing period with 997,490 shares.
- Alphabet shares recently traded around $340.18, putting them near the middle of their 52-week range.
- Wall Street maintains a strong buy consensus on Alphabet with an average price target of $420.79 ahead of earnings.
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PensionDanmark trimmed its stake in Alphabet Inc. (GOOG) by 3.6% during the third quarter, according to a Form 13F filing filed with the SEC on October 19, 2026.
GOOG
Alphabet Inc.
PensionDanmark Pensionsforsikringsaktieselskab vs. the S&P 500
Hypothetical returns from PensionDanmark Pensionsforsikringsaktieselskab's disclosed trades, not real profit or advice. How we model this.
What Changed in PensionDanmark's Alphabet Position
The institutional investor sold off 37,043 shares of the internet giant during the period. That left the fund with 997,490 shares of Alphabet, down from its prior total of 1,034,533 shares. The remaining stake carried an estimated value of $339,884,743 at the time of the filing, where the stock closed at $340.16.
Other Institutional Activity in Alphabet
Other institutional investors have adjusted their positions around the edges as well. AlphaStar Capital Management grew its holdings by 1,775 shares, ending with 16,998 shares worth about $5,791,932 in a filing on October 16, 2026.
Alphabet Inc. Stock Up 1.0%
Alphabet shares recently traded around $340.18 as of October 20, 2026, sitting right around the $340.16 level where they closed on the filing date. The stock has traded between a 52-week low of $244.67 and a high of $404.47 over the past year. Shares sit just below the 50-day moving average of $341.18 and roughly even with the 200-day moving average of $339.26. The tech heavy hitter carries a forward price-to-earnings ratio of 22.24.
Recent Earnings
Alphabet brought in $445,859,840,000 in trailing-twelve-month revenue alongside earnings of $19.93 per share. The company posted a net profit margin of 54.8% and a return on equity of 48.7%. The business is scheduled to report its next round of financial results on October 28, 2026.
Dividend
Alphabet pays an annual dividend of $0.88 per share, which translates to a dividend yield of 0.26% based on recent trading levels. The payout ratio stands at 4.3% of earnings.
Insider Buying and Selling at Alphabet Inc.
Company insiders have made minor share sales in recent months. Officer Marsida Saraci sold 449 shares on July 29, 2026, at an average price of $333.20 for a total value of $149,607. Director Frances H. Arnold sold 82 shares on July 30, 2026, at $333.39 per share, and another 82 shares on August 28, 2026, at $337.71 per share.
Analysts Set New Price Targets
Wall Street analysts continue to update their outlooks on the tech firm. JP Morgan maintains an overweight rating with a $425.00 price target, up from $420.00, while UBS holds a neutral rating with a $380.00 target. Alphabet holds a consensus strong buy recommendation with an average price target of $420.79 across 14 analyst opinions.
About Alphabet Inc.
Alphabet Inc. operates internet search, cloud computing, advertising networks, and mobile software platforms globally. Its core properties include Google Search, YouTube, Android, and Google Cloud, which serve billions of users and drive the bulk of corporate revenue.
Bottom Line
Investors will look to Alphabet's upcoming earnings report on October 28, 2026, for fresh signals on advertising demand and cloud growth. Institutional shifts like PensionDanmark's recent trim show steady portfolio adjustments ahead of those results.
Related Filing Alerts
Source: PensionDanmark Pensionsforsikringsaktieselskab's 13F filing on $GOOG (Oct 19, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts