Alphabet Inc. $GOOGL is New York State Teachers Retirement System’s 5th Largest Position

New York State Teachers Retirement System lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,733,757 shares of the information services provider’s stock after selling 129,872 shares during the quarter. Alphabet comprises 2.9% of New York State Teachers Retirement System’s holdings, making the stock its 5th biggest position. New York State Teachers Retirement System’s holdings in Alphabet were worth $1,481,666,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Berkshire Hathaway Inc bought a new stake in shares of Alphabet during the third quarter valued at about $4,338,397,000. Vanguard Group Inc. increased its position in Alphabet by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock worth $165,567,398,000 after buying an additional 12,531,695 shares during the period. Capital World Investors increased its position in Alphabet by 28.0% in the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock worth $12,910,542,000 after buying an additional 11,605,785 shares during the period. Capital Research Global Investors increased its position in Alphabet by 15.7% in the 3rd quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider’s stock worth $12,333,076,000 after buying an additional 6,874,381 shares during the period. Finally, Mizuho Markets Cayman LP increased its position in Alphabet by 23,402.1% in the 3rd quarter. Mizuho Markets Cayman LP now owns 6,118,547 shares of the information services provider’s stock worth $1,487,419,000 after buying an additional 6,092,513 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GOOGL shares. Citigroup reaffirmed an “outperform” rating on shares of Alphabet in a research note on Monday, May 4th. Rosenblatt Securities increased their price objective on Alphabet from $357.00 to $393.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Daiwa Securities Group increased their price objective on Alphabet from $380.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Raymond James Financial raised Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. Finally, Stifel Nicolaus set a $420.00 price target on Alphabet and gave the company a “buy” rating in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $411.23.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $387.66 on Wednesday. The stock has a market cap of $4.70 trillion, a P/E ratio of 29.57, a PEG ratio of 1.70 and a beta of 1.26. The stock has a 50 day simple moving average of $333.00 and a 200 day simple moving average of $319.32. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 1-year low of $162.00 and a 1-year high of $408.61.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.64 by $2.47. The business had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Research analysts anticipate that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s payout ratio is 6.41%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet and Blackstone announced a $5 billion AI infrastructure joint venture to build TPU-powered cloud capacity, which could deepen demand for Google’s custom chips and expand its AI ecosystem. Google, Blackstone to create new AI cloud company, WSJ reports
• Positive Sentiment: Google I/O showcased a broad AI push across Search, Gemini, Workspace, shopping, and video tools, reinforcing the idea that Alphabet is monetizing AI rather than just defending against rivals. Google debuts new AI models, personal AI agents in effort to keep pace with OpenAI and Anthropic
• Positive Sentiment: Analyst sentiment remains constructive, with Arete Research lifting its price target to $425 and maintaining a buy rating, signaling continued upside expectations. Arete Research adjusts price target on Alphabet to $425 from $405
• Positive Sentiment: Alphabet said Gemini now has 900 million monthly users and AI Overviews has 2.5 billion monthly users, suggesting its AI products are already reaching scale. Google kicks off I/O conference with AI upgrades for coders, consumers
• Neutral Sentiment: Alphabet disclosed insider sales by a major shareholder, but the transactions appear routine and are not, by themselves, a strong fundamental signal. SEC filing
• Negative Sentiment: Some investors are uneasy that Google’s AI-heavy search redesign could disrupt the company’s core ad model, especially as the “ten blue links” era fades. Google Search as you know it is over
• Negative Sentiment: There is also headline risk from broader scrutiny around platform responsibility and YouTube youth-safety issues, which may keep some investors cautious. Alphabet’s $5 Trillion Milestone: How AI Ambitions Are Fueling Google’s Record Run

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 8,993 shares of Alphabet stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the sale, the insider directly owned 51,808 shares of the company’s stock, valued at approximately $14,293,309.12. This trade represents a 14.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 617 shares of Alphabet stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total value of $178,701.71. Following the sale, the chief accounting officer directly owned 10,093 shares of the company’s stock, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 226,481 shares of company stock worth $27,422,061 in the last 90 days. Company insiders own 11.61% of the company’s stock.

Alphabet Company Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.