State of New Jersey Common Pension Fund D Has $417.31 Million Stock Holdings in Alphabet Inc. $GOOG

State of New Jersey Common Pension Fund D boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,713,426 shares of the information services provider’s stock after acquiring an additional 47,889 shares during the period. Alphabet makes up approximately 1.5% of State of New Jersey Common Pension Fund D’s holdings, making the stock its 11th largest holding. State of New Jersey Common Pension Fund D’s holdings in Alphabet were worth $417,305,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Tradewinds LLC. grew its position in shares of Alphabet by 2,134.8% in the 3rd quarter. Tradewinds LLC. now owns 45,098 shares of the information services provider’s stock valued at $10,984,000 after buying an additional 43,080 shares during the last quarter. Atlantic Union Bankshares Corp lifted its stake in shares of Alphabet by 31.3% in the third quarter. Atlantic Union Bankshares Corp now owns 354,529 shares of the information services provider’s stock worth $86,345,000 after acquiring an additional 84,553 shares during the period. Bleakley Financial Group LLC boosted its holdings in Alphabet by 1.4% in the second quarter. Bleakley Financial Group LLC now owns 170,020 shares of the information services provider’s stock valued at $30,160,000 after acquiring an additional 2,304 shares during the last quarter. CWA Asset Management Group LLC increased its position in Alphabet by 2.2% during the 3rd quarter. CWA Asset Management Group LLC now owns 157,143 shares of the information services provider’s stock valued at $38,272,000 after purchasing an additional 3,444 shares during the period. Finally, American National Bank of Texas bought a new position in Alphabet during the 3rd quarter worth approximately $900,000. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $312.30, for a total transaction of $867,569.40. Following the transaction, the chief accounting officer directly owned 8,962 shares in the company, valued at approximately $2,798,832.60. This trade represents a 23.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 47,574 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the transaction, the insider owned 13,227 shares in the company, valued at approximately $3,987,279.15. This trade represents a 78.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 2,079,982 shares of company stock worth $109,267,889. Corporate insiders own 12.99% of the company’s stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Canaccord Genuity lifted its price target after stronger‑than‑expected Q4 and faster Gemini adoption, signaling analyst confidence that AI monetization will lift revenue and margins. Canaccord raises PT
• Positive Sentiment: Big commercial wins and commitments: Alphabet announced a $15B America‑India Connect AI/fiber initiative and has new partnerships (Zillow integration with NotebookLM, a tie‑up with Sea) that extend Gemini/Cloud into vertical offerings — good for long‑term cloud & AI revenue. America-India Connect
• Positive Sentiment: Institutional buying from notable managers (Appaloosa/Tepper, Altimeter, Viking and others) signals conviction among some large investors that Alphabet is a core AI winner. That buying can support the stock around earnings and execution milestones. Appaloosa boosts stake
• Neutral Sentiment: Gemini consumer demos — e.g., an AI “cricket coach” showcased on CNBC — are positive PR for user engagement but are not immediate revenue drivers; they show product momentum more than financials. CNBC Gemini demo
• Neutral Sentiment: Product cadence: Google launched the $499 Pixel 10a with new AI features — supports consumer distribution of AI but low‑end device upgrades are incremental for overall revenue. Pixel 10a launch
• Negative Sentiment: Insider selling: Alphabet senior exec John Kent Walker disclosed a large sale (~47,574 shares at ~$301.45), which markets often interpret as modestly negative near‑term signal. Insider sale filing
• Negative Sentiment: Multiple funds trimmed Alphabet stakes (including Pershing Square, Longview and others) per recent filings — increased selling from institutions can weigh on intraday liquidity and sentiment. Pershing Square trim
• Negative Sentiment: Security/legal risk: Three engineers were charged with allegedly stealing Google trade secrets and sending data to Iran — a reputational and IP risk that could trigger regulatory scrutiny or operational distractions. Trade-secrets indictment
• Negative Sentiment: Execution risk from supply constraints: Google DeepMind’s CEO warned that a memory‑chip shortage is constraining agentic AI research/deployment — could slow rollout cadence or raise costs in the near term. DeepMind supply comment

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GOOG shares. TD Cowen reaffirmed a “buy” rating and issued a $365.00 price objective (up from $355.00) on shares of Alphabet in a research note on Thursday, February 5th. Scotiabank reiterated an “outperform” rating and set a $400.00 price target (up from $375.00) on shares of Alphabet in a report on Thursday, February 5th. Royal Bank Of Canada reissued an “outperform” rating and issued a $375.00 price objective on shares of Alphabet in a research note on Thursday, January 15th. Jefferies Financial Group reaffirmed a “buy” rating and set a $365.00 target price on shares of Alphabet in a research note on Monday, January 5th. Finally, JPMorgan Chase & Co. boosted their price target on Alphabet from $385.00 to $395.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Eight research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Alphabet has an average rating of “Buy” and an average price target of $343.90.

Alphabet Stock Down 0.1%

GOOG stock opened at $303.56 on Friday. The stock’s 50 day simple moving average is $320.86 and its 200 day simple moving average is $278.09. The company has a market cap of $3.67 trillion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 1.78 and a beta of 1.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $350.15.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data 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 firm had revenue of $113.83 billion during the quarter, compared to analysts’ expectations of $111.24 billion. During the same quarter last year, the firm posted $2.15 earnings per share. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. On average, research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Alphabet Company 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.