Alphabet Inc. $GOOG Stake Lowered by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in Alphabet Inc. (NASDAQ:GOOG) by 0.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 3,796,481 shares of the information services provider’s stock after selling 2,128 shares during the period. Alphabet accounts for 2.2% of New York State Teachers Retirement System’s portfolio, making the stock its 7th biggest position. New York State Teachers Retirement System’s holdings in Alphabet were worth $1,089,059,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GOOG. Auto Owners Insurance Co raised its stake in Alphabet by 38,409.2% in the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock worth $5,643,262,000 after buying an additional 179,369,280 shares in the last quarter. J. Stern & Co. LLP raised its position in shares of Alphabet by 28,482.8% in the 4th quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock worth $35,174,429,000 after acquiring an additional 111,699,704 shares in the last quarter. Norges Bank bought a new position in shares of Alphabet in the 4th quarter worth $18,093,665,000. Cardano Risk Management B.V. lifted its stake in shares of Alphabet by 850.3% during the 4th quarter. Cardano Risk Management B.V. now owns 17,692,600 shares of the information services provider’s stock worth $5,551,938,000 after purchasing an additional 15,830,754 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake 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 worth $132,114,125,000 after purchasing an additional 8,128,234 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 8,998 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the transaction, the insider directly owned 75,290 shares of the company’s stock, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $341.72, for a total value of $153,432.28. Following the completion of the transaction, the chief accounting officer owned 27,348 shares of the company’s stock, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 160,465 shares of company stock worth $8,020,511. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Up 0.9%

NASDAQ GOOG traded up $3.13 during trading on Tuesday, hitting $368.03. The company’s stock had a trading volume of 3,458,535 shares, compared to its average volume of 21,705,018. Alphabet Inc. has a fifty-two week low of $173.88 and a fifty-two week high of $404.47. The company has a market cap of $4.46 trillion, a PE ratio of 28.09, a P/E/G ratio of 1.52 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The business’s 50 day simple moving average is $368.31 and its 200-day simple moving average is $333.49.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $2.43. The firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.81 earnings per share. On average, equities analysts anticipate that Alphabet Inc. will post 14.32 EPS for the current fiscal year.

Alphabet Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GOOG. JPMorgan Chase & Co. lifted their target price on Alphabet from $395.00 to $460.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Oppenheimer increased their price target on shares of Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. Scotiabank restated an “outperform” rating and issued a $450.00 price target (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Finally, Wells Fargo & Company set a $416.00 price objective on shares of Alphabet in a research report on Thursday, July 2nd. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $376.19.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet-backed Anthropic is reportedly nearing a possible IPO, which could highlight the value of Alphabet’s ownership stake and strengthen investor enthusiasm around its AI investments. Anthropic Could Be a $1 Trillion IPO This Fall. These 2 Stocks Already Own a Piece.
• Positive Sentiment: Google Cloud and enterprise AI positioning received another boost as Anthropic expanded support for Google Cloud tools, reinforcing Alphabet’s role in AI infrastructure. Anthropic Strengthens Alphabet Inc. (GOOGL)’s Google Cloud Positioning in Enterprise AI Development
• Positive Sentiment: Alphabet is continuing to launch new AI models, including Gemini Omni Flash and Nano Banana 2 Lite, which could support product adoption and future revenue growth. Google Just Launched 2 New AI Models. What That Means for GOOGL Stock.
• Positive Sentiment: Alphabet was named a “final trade” on CNBC by an investor, adding to recent bullish sentiment from commentators. Netflix, Alphabet, Nike And A Consumer Defensive Stock On CNBC’s ‘Final Trades’
• Neutral Sentiment: Google invested in Proxima Fusion’s €411 million funding round, signaling interest in long-term frontier tech, but the near-term financial impact on Alphabet is limited. Google, RWE back Proxima Fusion in €411 million financing round
• Negative Sentiment: Google’s expanded AI data collection and training policies may raise privacy concerns, which could create regulatory or reputational risk for the stock. If you use Google, you’re training its AI. Here’s how to opt out.
• Negative Sentiment: Reports that some Google employees are leaving for AI rivals suggest competitive pressure in the talent market, even as Alphabet remains a top tech employer. Google’s status as the dream tech job is changing. FOMO over AI salaries is only one reason why.

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.