BlackRock Amends Alphabet Stake, Maintains Passive Position

Ticker: GOOG · Form: SC 13G/A · Filed: 2024-02-12T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**BlackRock still owns a big chunk of Alphabet, showing institutional confidence.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on February 12, 2024, indicating its ownership of Alphabet Inc. common stock as of December 31, 2023. This filing, Amendment No. 5, shows BlackRock's continued significant, but passive, stake in Alphabet. This matters to investors because BlackRock is the world's largest asset manager, and its holdings can signal institutional confidence (or lack thereof) in a company, potentially influencing other large investors and market sentiment for Alphabet stock.

Why It Matters

BlackRock's continued significant, passive ownership in Alphabet signals institutional confidence, which can positively influence market perception and other large investors.

Risk Assessment

Risk Level: low — This filing is routine and indicates a passive investment, posing minimal direct risk to Alphabet shareholders.

Analyst Insight

An investor should note BlackRock's continued passive stake as a sign of long-term institutional interest, but this filing alone doesn't suggest immediate action. It's a routine update reflecting a large asset manager's portfolio position.

Key Players & Entities

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 5)'.

Who is the reporting person in this filing?

The reporting person is BlackRock Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.'.

What is the subject company whose securities are being reported?

The subject company is Alphabet Inc., identified as 'ALPHABET INC (Name of Issuer)' and 'COMPANY CONFORMED NAME: Alphabet Inc.'.

What was the date of the event that required this filing?

The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), indicated by '[X] Rule 13d-1(b)'.

From the Filing

0001086364-24-006965.txt : 20240212 0001086364-24-006965.hdr.sgml : 20240212 20240212121258 ACCESSION NUMBER: 0001086364-24-006965 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Alphabet Inc. CENTRAL INDEX KEY: 0001652044 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] ORGANIZATION NAME: 06 Technology IRS NUMBER: 611767919 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-89274 FILM NUMBER: 24618490 BUSINESS ADDRESS: STREET 1: 1600 AMPHITHEATRE PARKWAY CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 BUSINESS PHONE: 650-253-0000 MAIL ADDRESS: STREET 1: 1600 AMPHITHEATRE PARKWAY CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us02079k1079_021224.txt us02079k1079_021224.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 5) ALPHABET INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 02079K107 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 02079K107 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 321125552 (6) Shared voting power 0 (7) Sole dispositive power 356934964 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 356934964 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.2% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- ALPHABET INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 1600 AMPHITHEATRE PARKWAY MOUNTAIN VIEW CA 94043 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ----

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