Arizona State Retirement System Has $349.44 Million Holdings in Alphabet Inc. $GOOG

Arizona State Retirement System decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,434,794 shares of the information services provider’s stock after selling 11,079 shares during the period. Alphabet makes up about 1.9% of Arizona State Retirement System’s investment portfolio, making the stock its 9th largest holding. Arizona State Retirement System’s holdings in Alphabet were worth $349,444,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in Alphabet by 1.3% in the second quarter. Vanguard Group Inc. now owns 416,753,033 shares of the information services provider’s stock valued at $73,927,821,000 after purchasing an additional 5,182,111 shares in the last quarter. State Street Corp lifted its stake in Alphabet by 1.3% in the 2nd quarter. State Street Corp now owns 188,914,125 shares of the information services provider’s stock valued at $33,511,477,000 after purchasing an additional 2,428,266 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Alphabet by 0.4% in the second quarter. Geode Capital Management LLC now owns 107,760,033 shares of the information services provider’s stock valued at $19,022,926,000 after buying an additional 441,177 shares during the last quarter. Sanders Capital LLC lifted its holdings in Alphabet by 6.4% during the 2nd quarter. Sanders Capital LLC now owns 35,357,943 shares of the information services provider’s stock valued at $6,272,146,000 after purchasing an additional 2,117,990 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Alphabet by 2.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 31,503,035 shares of the information services provider’s stock worth $5,588,323,000 after buying an additional 695,736 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GOOG shares. Wolfe Research lifted their price target on Alphabet from $290.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $345.00 price target on shares of Alphabet in a research note on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a report on Wednesday, January 21st. Wedbush reiterated an “outperform” rating and issued a $370.00 price target on shares of Alphabet in a research report on Thursday. Finally, Bank of America boosted their price objective on Alphabet from $280.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Eight investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $343.47.

Alphabet Stock Performance

Shares of GOOG opened at $331.33 on Friday. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $350.15. The stock’s fifty day moving average price is $322.26 and its two-hundred day moving average price is $269.91. The firm has a market cap of $4.00 trillion, a PE ratio of 30.65, a PEG ratio of 1.90 and a beta of 1.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75.

Alphabet (NASDAQ:GOOG) last issued 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 $2.59 by $0.23. The firm had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 36.21%. The company’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the business earned $2.15 earnings per share. On average, equities research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors 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 dividend yield of 0.3%. The ex-dividend date is Monday, March 9th. Alphabet’s payout ratio is presently 8.28%.

Insider Activity

In related news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $327.30, for a total value of $10,637,250.00. Following the sale, the chief executive officer owned 2,211,872 shares in the company, valued at approximately $723,945,705.60. This trade represents a 1.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 600 shares of the company’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $337.52, for a total value of $202,512.00. Following the completion of the transaction, the director owned 21,224 shares in the company, valued at $7,163,524.48. This represents a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 2,037,964 shares of company stock valued at $95,259,727. 12.99% of the stock is currently owned by insiders.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Beat on results and cloud momentum — Q4 EPS and revenue topped consensus; Google Cloud grew ~48% and backlog jumped, while Gemini/user and token metrics point to accelerating AI monetization. Alphabet Crushes Earnings — MarketBeat
• Positive Sentiment: Enterprise traction and deals validate cloud/AI strategy — multi‑year customer agreements and growing cloud run‑rate support sustained revenue upside. Google Cloud, Liberty Global partnership — Reuters
• Positive Sentiment: Wall Street still bullish on long‑term story — several analysts raised targets and reiterated conviction that Search, YouTube and Cloud + AI create durable growth optionality. Analyst price‑target moves (Benzinga)
• Neutral Sentiment: Quarterly dividend announced ($0.21 per share; record/ex‑dividend dates set) — a small yield that may modestly broaden buyer base but is immaterial to core growth thesis.
• Neutral Sentiment: Rising capex is a strategic (not short‑term) signal — management frames spending as necessary to secure AI leadership; whether the ramp converts to sustainably higher margins will determine valuation re‑rating.
• Negative Sentiment: Massive 2026 CapEx guidance spooked markets — management guided ~$175–185B for 2026 (roughly double 2025), triggering concerns about near‑term returns and free cash‑flow dilution. CapEx guidance — Reuters
• Negative Sentiment: Market reaction and technical pressure — the stock sold off after hours/premarket and has tested the 50‑day moving average as investors booked gains and de‑risked into the capex surprise. Why stock is falling — MarketWatch
• Negative Sentiment: Insider/institutional selling and some position trims — SEC/13F filings and a spate of fund updates show net trimming by some holders, which can amplify near‑term downside on disappointing guidance. SEC insider filing

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.