Alphabet Inc. $GOOG is New York Life Investment Management LLC's 8th Largest Position

Key Points

• New York Life Investment Management increased its Alphabet stake by 2.2% in the fourth quarter, ending with 674,789 shares valued at about $211.7 million. Alphabet is now its 8th-largest holding and makes up roughly 1.8% of the portfolio.
• Alphabet posted strong quarterly results, with EPS of $5.11 versus estimates of $2.68 and revenue of $109.9 billion versus expectations of $106.96 billion. Revenue rose 21.8% year over year, highlighting continued momentum in its core business.
• Investor sentiment remains supported by Alphabet’s AI and cloud expansion, including new ad tools, a $15 billion data center and AI infrastructure investment in Missouri, and bullish analyst targets. However, the company still faces antitrust appeal risk tied to the U.S. search-monopoly ruling.

New York Life Investment Management LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 674,789 shares of the information services provider's stock after acquiring an additional 14,417 shares during the quarter. Alphabet comprises approximately 1.8% of New York Life Investment Management LLC's portfolio, making the stock its 8th biggest position. New York Life Investment Management LLC's holdings in Alphabet were worth $211,749,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GOOG. Imprint Wealth LLC purchased a new stake in Alphabet in the third quarter worth $31,000. Nvest Wealth Strategies Inc. purchased a new stake in Alphabet in the fourth quarter worth $38,000. Towne Trust Company N.A lifted its stake in Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock worth $42,000 after acquiring an additional 34 shares during the period. Winnow Wealth LLC purchased a new position in Alphabet during the third quarter valued at $63,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in Alphabet by 29.0% during the third quarter. CBIZ Investment Advisory Services LLC now owns 258 shares of the information services provider's stock valued at $63,000 after buying an additional 58 shares during the period. Hedge funds and other institutional investors own 27.26% of the company's stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Recent commentary says Alphabet was one of the biggest winners among the Mag 7 this earnings season, helped by accelerating Google Cloud sales and broader AI-driven strength. Alphabet and NVIDIA: The Biggest Mag 7 Winners This Earnings Season
• Positive Sentiment: Analysts highlighted Alphabet’s new AI ad formats and shopping tools as potential catalysts for stronger search monetization, higher conversion rates, and increased ad spending. Alphabet's new AI ad formats seen boosting conversions and spending
• Positive Sentiment: Alphabet also announced a large $15 billion data center and AI infrastructure investment in Missouri, reinforcing investor confidence in its cloud and AI buildout. Google Deepens Missouri Roots with New Data Center, Energy, and Community Investments
• Neutral Sentiment: Google unveiled new AI search and agent features at I/O, which could improve engagement over time, but the rollout also raised concerns about complexity and possible disruption to the traditional search experience. You can no longer Google the word ‘disregard’
• Neutral Sentiment: Waymo temporarily paused some robotaxi and freeway services after safety issues in flooded roads and construction zones; while this is not core to Alphabet’s profits, it adds execution risk and negative headlines. Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes
• Negative Sentiment: Alphabet has appealed the U.S. search-monopoly ruling, keeping antitrust overhang and potential remedies in focus for investors. Google appeals US court ruling on search monopoly

Alphabet Stock Performance

Shares of Alphabet stock opened at $379.38 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $4.60 trillion, a P/E ratio of 28.94, a P/E/G ratio of 1.62 and a beta of 1.25. The business has a fifty day simple moving average of $335.54 and a two-hundred day simple moving average of $320.81. Alphabet Inc. has a 12 month low of $163.33 and a 12 month high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $2.43. The firm had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.Alphabet's quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.81 EPS. On average, equities analysts forecast that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is a boost from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is presently 6.41%.

Wall Street Analyst Weigh In

GOOG has been the subject of several recent research reports. Stifel Nicolaus set a $420.00 price objective on Alphabet in a research report on Wednesday. Phillip Securities lowered Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, April 15th. DZ Bank raised Alphabet to a "strong-buy" rating in a research report on Monday, February 16th. Pivotal Research reissued a "buy" rating and set a $470.00 price objective (up from $420.00) on shares of Alphabet in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. raised their price objective on Alphabet from $395.00 to $460.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $372.65.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O'toole sold 955 shares of Alphabet stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the completion of the transaction, the chief accounting officer owned 9,918 shares of the company's stock, valued at $2,955,564. The trade was a 8.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 8,993 shares of Alphabet stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $275.89, for a total value of $2,481,078.77. Following the completion of the transaction, the insider directly owned 51,808 shares of the company's stock, valued at approximately $14,293,309.12. This represents a 14.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 226,481 shares of company stock worth $27,422,061 over the last quarter. Corporate insiders own 12.99% of the company's stock.

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.

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