Alecta Pensionsforsakring trims Alphabet Inc. Class A stake

Alecta Pensionsforsakring, managed by Magnus Billing, has reduced its stake in Alphabet Inc. Class A (GOOGL) by 653,500 shares. TipRanks’ AI Analyst, Spark, rates GOOGL as “Outperform” due to strong financial quality and accelerating Cloud/AI demand, though technicals appear stretched and valuation is a moderating factor due to a premium P/E and low dividend yield. Alphabet’s Class A shares have seen an 11.83% YTD price performance with a current market cap of $4228.2 billion.

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