Alphabet Inc. $GOOGL Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,863,629 shares of the information services provider’s stock after selling 80,935 shares during the period. Alphabet accounts for 2.3% of New York State Teachers Retirement System’s portfolio, making the stock its 7th largest holding. New York State Teachers Retirement System’s holdings in Alphabet were worth $1,182,348,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Truist Financial Corp grew its stake in shares of Alphabet by 2.3% during the second quarter. Truist Financial Corp now owns 2,546,012 shares of the information services provider’s stock worth $448,684,000 after buying an additional 56,295 shares during the last quarter. Moment Partners LLC boosted its holdings in shares of Alphabet by 9.3% during the 2nd quarter. Moment Partners LLC now owns 5,896 shares of the information services provider’s stock valued at $1,039,000 after acquiring an additional 504 shares in the last quarter. Welch Group LLC grew its position in Alphabet by 4.0% during the 2nd quarter. Welch Group LLC now owns 64,262 shares of the information services provider’s stock worth $11,325,000 after acquiring an additional 2,467 shares during the last quarter. Brooktree Capital Management acquired a new position in Alphabet in the 2nd quarter worth about $352,000. Finally, Griffin Asset Management Inc. raised its position in Alphabet by 13.9% in the third quarter. Griffin Asset Management Inc. now owns 58,731 shares of the information services provider’s stock valued at $14,277,000 after purchasing an additional 7,180 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $327.30, for a total transaction of $10,637,250.00. Following the completion of the sale, the chief executive officer owned 2,211,872 shares of the company’s stock, valued at $723,945,705.60. This trade represents a 1.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $313.45, for a total transaction of $31,971.90. Following the completion of the sale, the director owned 18,205 shares of the company’s stock, valued at $5,706,357.25. This represents a 0.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 222,409 shares of company stock valued at $68,564,532 over the last ninety days. Insiders own 11.64% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $328.04 on Friday. The company has a market capitalization of $3.96 trillion, a PE ratio of 32.35, a P/E/G ratio of 1.82 and a beta of 1.08. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $340.49. The firm has a fifty day simple moving average of $315.65 and a 200 day simple moving average of $259.50.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. The firm had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%. On average, sell-side analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. DA Davidson restated a “neutral” rating and set a $300.00 price target on shares of Alphabet in a report on Tuesday, November 25th. Arete Research lifted their target price on shares of Alphabet from $300.00 to $380.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Alphabet from $340.00 to $370.00 and gave the company a “buy” rating in a research report on Tuesday. Moffett Nathanson raised their price target on shares of Alphabet from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Finally, Citizens Jmp boosted their price objective on shares of Alphabet from $340.00 to $385.00 and gave the stock a “market outperform” rating in a research note on Wednesday, December 31st. Four research analysts have rated the stock with a Strong Buy rating, forty-two have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $331.40.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Apple ties Gemini to Siri, widening Gemini distribution and strengthening Alphabet’s AI moat — a material revenue/strategic positive for GOOGL that supports premium multiples and growth expectations. How Apple’s Gemini-Powered Siri Deal Will Impact Alphabet (GOOGL) Investors
• Positive Sentiment: Multiple bullish analyst moves — Wolfe Research lifted its price target to $390, Raymond James upgraded to “strong buy” and raised targets (reports of a $400 target), and Deutsche Bank raised its target — fueling buy-side momentum and supporting upside expectations. Wolfe Research Adjusts Price Target
• Positive Sentiment: Google pushes into AI shopping and other AI-enabled monetization avenues — analysts and outlets highlight accelerating product-led revenue opportunities that underpin long-term growth. Google’s Making a Splash in AI Shopping
• Neutral Sentiment: Technical/market commentary: recent ~3–4% pullback called a routine consolidation within a long-term uptrend — suggests no fundamental change but signals caution for investors seeking cheaper entry points. Alphabet Cools After the Run: Buy Now or Wait for a Better Entry?
• Neutral Sentiment: Waymo launched robotaxi service in Miami (business expansion) — growth opportunity for autonomous revenue but not yet material to near-term GAAP results. Waymo launches robotaxi service in Miami
• Negative Sentiment: NTSB opens an investigation after Waymo robotaxis were recorded illegally passing stopped school buses multiple times — raises regulatory, safety and reputational risks for Alphabet’s autonomous-driving unit and could lead to operational constraints or fines. US safety board opens probe into Waymo robotaxis passing stopped school buses
• Negative Sentiment: Federal judge allowed a consumer antitrust lawsuit over Google’s default-search payments to proceed — continued legal exposure that could affect search economics and ad revenue over time. Judge Orders Google to Face Consumer Antitrust Lawsuit Over Search

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.