Alphabet Inc. $GOOGL is New York State Common Retirement Fund’s 6th Largest Position

New York State Common Retirement Fund reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.1% during the third quarter, HoldingsChannel.com reports. The fund owned 7,445,480 shares of the information services provider’s stock after selling 86,383 shares during the quarter. Alphabet makes up approximately 2.3% of New York State Common Retirement Fund’s investment portfolio, making the stock its 6th largest position. New York State Common Retirement Fund’s holdings in Alphabet were worth $1,809,996,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Financial Gravity Companies Inc. purchased a new stake in Alphabet during the second quarter worth about $31,000. CarsonAllaria Wealth Management Ltd. grew its position in shares of Alphabet by 36.4% during the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after acquiring an additional 67 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Alphabet during the 3rd quarter worth approximately $53,000. Corsicana & Co. bought a new stake in shares of Alphabet in the 3rd quarter worth approximately $54,000. Finally, Vermillion & White Wealth Management Group LLC raised its holdings in shares of Alphabet by 37.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock worth $57,000 after purchasing an additional 89 shares during the period. Institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

GOOGL stock opened at $310.96 on Thursday. The firm has a 50 day moving average of $321.68 and a 200-day moving average of $273.37. The firm has a market capitalization of $3.75 trillion, a P/E ratio of 28.77, a price-to-earnings-growth ratio of 1.75 and a beta of 1.09. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $349.00. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business had revenue of $113.83 billion for the quarter, compared to analyst estimates of $111.24 billion. As a group, sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is 7.77%.

Insider Buying and Selling

In related news, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $340.00, for a total transaction of $34,680.00. Following the completion of the sale, the director owned 18,307 shares of the company’s stock, valued at approximately $6,224,380. This trade represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 933 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $336.55, for a total value of $314,001.15. Following the completion of the transaction, the chief accounting officer owned 9,916 shares in the company, valued at $3,337,229.80. This represents a 8.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,067,086 shares of company stock valued at $105,184,255 in the last ninety days. 11.64% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GOOGL. New Street Research raised their target price on Alphabet from $330.00 to $380.00 and gave the stock a “buy” rating in a research report on Tuesday. Evercore reiterated an “outperform” rating and set a $400.00 price target (up previously from $325.00) on shares of Alphabet in a research note on Thursday, February 5th. Mizuho boosted their price objective on Alphabet from $400.00 to $410.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Canaccord Genuity Group set a $415.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Finally, Guggenheim reiterated a “buy” rating and set a $375.00 target price (up previously from $330.00) on shares of Alphabet in a research report on Monday, December 1st. Three investment analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $361.64.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Multiple firms raised price targets and maintained buy ratings (Arete to $405, New Street to $380, President Capital to $375, Daiwa to $380), which supports upside expectations from analysts. Arete Research price target New Street Research price target
• Positive Sentiment: EU antitrust regulators gave unconditional approval for Google’s $32B Wiz cybersecurity acquisition, removing a major regulatory overhang on the deal. Reuters: Wiz approval
• Positive Sentiment: Google is testing new shopping ad formats inside Search AI mode and Gemini, which could expand high-margin ad inventory and diversify monetization. PYMNTS: Shopping feature
• Positive Sentiment: Google participated in a large funding round for humanoid robotics startup Apptronik, signaling continued strategic investment in robotics/AI ecosystems. Reuters: Apptronik funding
• Neutral Sentiment: JPMorgan reiterated a Buy and other outlets (Zacks, CNBC coverage) continue to highlight Alphabet as a structural AI/cloud beneficiary — supporting longer-term conviction even as near-term volatility persists. JPMorgan reiteration
• Negative Sentiment: Alphabet significantly increased bond issuance (initial $20B, later reports of >$30B) and is pursuing very long-dated debt (reports of 100‑year paper) to fund massive AI infrastructure and acquisitions — investors worry this signals heavy near-term cash burn and margin pressure from capex. Reuters: $20B bonds WSJ: 100-year bond
• Negative Sentiment: High-profile criticism and skepticism surfaced (e.g., Michael Burry commentary, media pieces suggesting 100‑year bonds reflect risk), amplifying investor concern about the financing move. Finbold: Burry comment
• Negative Sentiment: Privacy/regulatory headlines: report that Google handed personal and financial data of a student-journalist to ICE, plus an EU publishers’ complaint over AI Overviews, raise legal/regulatory risk that could pressure reputational and compliance costs. TechCrunch: data to ICE Reuters: publishers complaint

About Alphabet

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.