BlackRock Amends Alphabet Class A Stock Ownership (SC 13G/A)
Ticker: GOOG · Form: SC 13G/A · Filed: Feb 1, 2024 · CIK: 1652044
| Field | Detail |
|---|---|
| Company | Alphabet INC. (GOOG) |
| Form Type | SC 13G/A |
| Filed Date | Feb 1, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investing, amendment, transparency
TL;DR
**BlackRock still owns a big chunk of Alphabet Class A shares, per their latest filing.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on February 1, 2024, disclosing its ownership of Alphabet Inc. Class A Common Stock as of December 31, 2023. This filing, Amendment No. 8, indicates that BlackRock continues to hold a significant passive stake in Alphabet, a major player in computer programming and data processing. This matters to investors because BlackRock, as one of the world's largest asset managers, often holds substantial positions in companies, and changes in their reported ownership can signal shifts in institutional sentiment or portfolio adjustments, even if this specific filing is a routine update.
Why It Matters
This filing confirms BlackRock's continued significant, passive investment in Alphabet, providing transparency into major institutional holdings. It's a routine update, but large institutional ownership can provide stability and confidence in a stock.
Risk Assessment
Risk Level: low — This is a routine amendment (Amendment No. 8) by a passive institutional investor, BlackRock, and does not indicate any immediate new risks or significant changes.
Analyst Insight
This filing is a routine disclosure of a passive institutional stake and doesn't suggest immediate action. Investors should note BlackRock's continued presence as a major shareholder, which can be a sign of long-term institutional confidence in Alphabet.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Alphabet Inc. (company) — the subject company whose Class A Common Stock is being reported
- December 31, 2023 (date) — the date of the event which requires the filing of this statement
- February 1, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 8 (number) — the specific amendment number of this filing
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It was filed by BlackRock, Inc. regarding its ownership in Alphabet Inc.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Class A Common Stock of Alphabet Inc. is 02079K305.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which required this filing was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.
What is the business address of the reporting person, BlackRock, Inc.?
The business address for BlackRock, Inc. is 50 Hudson Yards, New York, NY 10001.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 1, 2024 regarding Alphabet Inc. (GOOG).