Alphabet Inc. $GOOG Stock Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its holdings in Alphabet Inc. (NASDAQ:GOOG) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 635,321 shares of the information services provider’s stock after selling 11,502 shares during the period. Alphabet comprises about 2.0% of State of Alaska Department of Revenue’s investment portfolio, making the stock its 9th biggest position. State of Alaska Department of Revenue’s holdings in Alphabet were worth $216,479,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Readystate Asset Management LP bought a new stake in Alphabet during the 2nd quarter valued at approximately $45,352,000. Auto Owners Insurance Co lifted its holdings in Alphabet by 38,409.2% in the 4th quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock worth $5,643,262,000 after purchasing an additional 179,369,280 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Alphabet by 76.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 14,581,870 shares of the information services provider’s stock worth $4,182,952,000 after purchasing an additional 6,300,900 shares during the period. State Street Corp boosted its stake in Alphabet by 2.8% in the 2nd quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock worth $67,458,980,000 after purchasing an additional 5,208,690 shares during the period. Finally, BlackRock Inc. boosted its stake in Alphabet by 1.4% in the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock worth $130,704,718,000 after purchasing an additional 5,164,200 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: JPMorgan raised its price target to $425 from $420 and maintained an Overweight rating. The firm cited sustained Google Cloud growth and Alphabet’s ability to remain competitive in artificial intelligence. Alphabet Stocks Rise as JPMorgan Lifts Target on Cloud Growth
• Positive Sentiment: Alphabet continues to generate positive AI momentum. Gemini 4 Argon reportedly scored highly on accounting and enterprise benchmarks, while Google demonstrated a quantum-computing technique that could reduce errors significantly. These developments support the company’s positioning against OpenAI, Anthropic and other rivals. Gemini 4 Argon Accounting Benchmark
• Positive Sentiment: New commercial initiatives—including Google’s Universal Cart shopping tool, a multiyear AI partnership with CNN and potential YouTube audiobook offerings—could broaden monetization across Search, Gemini and YouTube. Google Universal Cart Launch
• Neutral Sentiment: Investors are looking ahead to Alphabet’s upcoming earnings, with analysts generally bullish on AI and cloud growth. However, the company’s substantial data-center and AI infrastructure spending raises questions about near-term free cash flow and returns on capital. Alphabet Q3 Preview
• Negative Sentiment: Multiple law firms are promoting a securities class action alleging that Alphabet failed to disclose disappointing Gemini training results. The repeated notices and December lead-plaintiff deadline create a reputational and potential litigation overhang, although they do not represent new operating results. Alphabet Securities Fraud Lawsuit
• Negative Sentiment: Google warned that suspected China-linked hackers may exploit a vulnerability in BeyondTrust software, adding cybersecurity and trust concerns. Separately, renewed fears over stretched AI valuations and competition for digital advertising could limit further gains. Google Warns of BeyondTrust Exploitation Risk

Alphabet Stock Performance

NASDAQ GOOG opened at $344.91 on Friday. The stock has a market capitalization of $4.22 trillion, a PE ratio of 17.32, a P/E/G ratio of 1.00 and a beta of 1.19. The business has a 50 day simple moving average of $341.41 and a two-hundred day simple moving average of $348.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. Alphabet Inc. has a 1-year low of $244.67 and a 1-year high of $404.47.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $6.24. The business had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The company’s revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.31 EPS. On average, research analysts predict that Alphabet Inc. will post 20.54 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 4.42%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GOOG shares. Phillip Securities upgraded shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating and reduced their price objective for the company from $450.00 to $425.00 in a research report on Monday, July 27th. Tigress Financial upped their target price on shares of Alphabet from $415.00 to $485.00 and gave the stock a “strong-buy” rating in a research report on Friday, September 18th. KeyCorp restated an “overweight” rating and set a $435.00 target price on shares of Alphabet in a research report on Thursday, October 1st. Citic Securities raised their target price on shares of Alphabet from $430.00 to $434.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Finally, TD Cowen reiterated a “buy” rating and issued a $485.00 price target (up from $475.00) on shares of Alphabet in a report on Thursday, October 8th. Six research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $422.10.

Insider Activity at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Frances Arnold sold 83 shares of the stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the transaction, the director owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 420,865 shares of company stock valued at $8,293,477. 12.99% of the stock is owned by corporate insiders.

Alphabet Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet’s chief executive officer and also leads Google.

Google is Alphabet’s primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.