New York Life Investment Management LLC Cuts Stake in Alphabet Inc. $GOOG

New York Life Investment Management LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 660,372 shares of the information services provider’s stock after selling 24,406 shares during the period. Alphabet accounts for approximately 1.4% of New York Life Investment Management LLC’s investment portfolio, making the stock its 14th biggest position. New York Life Investment Management LLC’s holdings in Alphabet were worth $160,834,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GOOG. RFG Advisory LLC increased its stake in Alphabet by 2.1% during the 3rd quarter. RFG Advisory LLC now owns 34,608 shares of the information services provider’s stock worth $8,429,000 after buying an additional 722 shares in the last quarter. Roman Butler Fullerton & Co. boosted its stake in shares of Alphabet by 4.4% in the third quarter. Roman Butler Fullerton & Co. now owns 33,020 shares of the information services provider’s stock worth $8,042,000 after acquiring an additional 1,392 shares during the last quarter. Gateway Wealth Partners LLC lifted its holdings in Alphabet by 9.4% in the 3rd quarter. Gateway Wealth Partners LLC now owns 7,603 shares of the information services provider’s stock valued at $1,852,000 after purchasing an additional 651 shares in the last quarter. Lantz Financial LLC lifted its holdings in Alphabet by 12.0% in the 3rd quarter. Lantz Financial LLC now owns 6,408 shares of the information services provider’s stock valued at $1,561,000 after purchasing an additional 685 shares in the last quarter. Finally, Fielder Capital Group LLC boosted its stake in Alphabet by 2.5% during the 3rd quarter. Fielder Capital Group LLC now owns 7,041 shares of the information services provider’s stock worth $1,715,000 after purchasing an additional 173 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Down 1.1%

GOOG opened at $306.02 on Friday. The stock has a market capitalization of $3.69 trillion, a PE ratio of 28.31, a P/E/G ratio of 1.82 and a beta of 1.10. Alphabet Inc. has a one year low of $142.66 and a one year high of $350.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The business’s 50 day moving average price is $321.87 and its 200 day moving average price is $275.04.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.23. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The company had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. During the same quarter in the previous year, the business earned $2.15 earnings per share. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. As a group, equities research analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio is presently 7.77%.

Analysts Set New Price Targets

GOOG has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $370.00 target price on shares of Alphabet in a research report on Tuesday, January 20th. Guggenheim reiterated a “buy” rating and issued a $375.00 price objective on shares of Alphabet in a report on Monday, December 1st. Barclays raised their target price on shares of Alphabet from $250.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Bank of America upped their price target on Alphabet from $280.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, KeyCorp set a $370.00 price objective on Alphabet in a research report on Thursday, February 5th. Seven research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Buy” and an average price target of $343.90.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $288.26, for a total transaction of $800,786.28. Following the completion of the transaction, the chief accounting officer owned 11,739 shares of the company’s stock, valued at $3,383,884.14. This trade represents a 19.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Kent Walker sold 17,829 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $314.89, for a total transaction of $5,614,173.81. Following the completion of the sale, the insider directly owned 42,972 shares in the company, valued at $13,531,453.08. This trade represents a 29.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 2,069,864 shares of company stock worth $105,985,041. 12.99% of the stock is owned by corporate insiders.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s results and AI traction remain strong: Cloud revenue and enterprise backlog are accelerating and Gemini user metrics/support drive upside to long‑term monetization. Zacks: The Zacks Analyst Alphabet…
• Positive Sentiment: Waymo deployment of next‑gen robotaxis signals commercial progress for Alphabet’s autonomous‑vehicle unit, a longer‑term growth catalyst. CNBC: Waymo begins deploying next‑gen Ojai robotaxis
• Neutral Sentiment: Some large asset managers are net buying while others trimmed positions — BNP Paribas added a multi‑million share position in GOOG, offsetting other institutional reductions. QuiverQuant: BNP Paribas fund update
• Neutral Sentiment: Reported short‑interest figures in recent feeds show zero shares (likely a data anomaly), so shorting activity is not a clear driver today.
• Negative Sentiment: Alphabet completed a very large multi‑currency debt offering (including long‑dated tranches/century bond reports), which has spooked some investors worried about aggressive debt‑funded CapEx and the lack of customary bond protections. Reuters: Alphabet bonds’ lack of guardrails…
• Negative Sentiment: Management guided 2026 CapEx sharply higher (~$175–$185B), and the market has treated that as a near‑term cash‑flow/headwind risk despite its AI rationale — this contributed to post‑earnings weakness. Zacks: Alphabet drops 7% post Q4 earnings
• Negative Sentiment: EU antitrust scrutiny has resurfaced: regulators are probing Google’s search‑ads auction/pricing practices in Europe, introducing regulatory risk for ad monetization. Reuters: Google targeted by EU over search advertising auction practices
• Negative Sentiment: Notable institutional trimming reported in 13F updates (e.g., Neuberger, Swiss National Bank saw reductions), which can pressure intraday liquidity/psychology even as other funds add exposure. QuiverQuant: Neuberger Berman fund update

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.