Alphabet Inc. $GOOG Shares Sold by Arizona State Retirement System

Key Points

• Arizona State Retirement System trimmed its Alphabet stake by 4.1% in Q4, selling 58,810 shares and now holds 1,375,984 shares worth $431.8 million, making Alphabet 2.3% of its portfolio and its 7th largest holding.
• Significant insider selling occurred this quarter: John Kent Walker sold 47,574 shares (~$14.34M) and CEO Sundar Pichai sold 32,500 shares (~$9.88M); insiders sold 191,053 shares (~$58.85M) in total and now own 12.99% of the company.
• Alphabet beat Q1 expectations, reporting $5.11 EPS vs. $2.68 expected and $109.9B revenue vs. $106.96B, and raised its quarterly dividend to $0.22 while analysts including JPMorgan lifted price targets, supporting a consensus "Buy."

Arizona State Retirement System decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,375,984 shares of the information services provider's stock after selling 58,810 shares during the quarter. Alphabet comprises 2.3% of Arizona State Retirement System's holdings, making the stock its 7th largest holding. Arizona State Retirement System's holdings in Alphabet were worth $431,784,000 as of its most recent SEC filing.

A number of other institutional investors have also 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 worth $10,984,000 after acquiring an additional 43,080 shares in the last quarter. Kathmere Capital Management LLC grew its position in shares of Alphabet by 8.5% in the 4th quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider's stock worth $9,381,000 after acquiring an additional 2,341 shares in the last quarter. Atlantic Union Bankshares Corp grew its position in shares of Alphabet by 31.3% in the 3rd 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 in the last quarter. Baltimore Washington Financial Advisors Inc. grew its position in shares of Alphabet by 0.9% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 221,391 shares of the information services provider's stock worth $53,920,000 after acquiring an additional 2,009 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its position in shares of Alphabet by 2.2% in the 3rd quarter. CWA Asset Management Group LLC now owns 157,143 shares of the information services provider's stock worth $38,272,000 after acquiring an additional 3,444 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 47,574 shares of the business's stock in a transaction on 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 completion of the transaction, the insider owned 13,227 shares in the company, valued at approximately $3,987,279.15. The trade was a 78.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $303.92, for a total value of $9,877,400.00. Following the transaction, the chief executive officer owned 2,818,524 shares of the company's stock, valued at $856,605,814.08. This trade represents a 1.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 191,053 shares of company stock worth $58,845,206. Insiders own 12.99% of the company's stock.

Alphabet Trading Down 0.9%

Shares of GOOG stock opened at $379.64 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. Alphabet Inc. has a 1 year low of $149.49 and a 1 year high of $384.18. The stock has a fifty day moving average of $312.44 and a two-hundred day moving average of $308.65. The firm has a market capitalization of $4.59 trillion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.96 billion. During the same quarter in the previous year, the firm posted $2.81 EPS. The firm's quarterly revenue was up 21.8% on a year-over-year basis. As a group, research analysts expect that Alphabet Inc. will post 12.78 EPS for the current year.

Alphabet Increases Dividend

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

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 beat and Cloud strength — Alphabet reported far‑above‑consensus EPS and revenue and disclosed a Google Cloud backlog near ~$468B, driving optimistic analyst revisions and momentum after the quarter. Read More.
• Positive Sentiment: Analyst upgrades & higher price targets — Several firms raised targets and reiterated buy/outperform views (examples include JPMorgan, 24/7 Wall St. models projecting material upside, and a Citizens upgrade). These lifts support medium‑term upside expectations. Read More.
• Positive Sentiment: Large buyer activity — Mirae Asset reported a sizable addition to its GOOGL stake in recent 13F filings, signaling institutional demand. Read More.
• Neutral Sentiment: Strategic/geo-political relevance — Coverage notes Washington is increasingly focused on Google for national AI compute capacity, which could translate to long‑term government/business opportunities but also regulatory/oversight scrutiny. Read More.
• Neutral Sentiment: Waymo & mobility investments — Continued large funding and VC interest in Waymo highlight growth optionality beyond ads, but returns are long‑dated. Read More.
• Neutral Sentiment: AI ecosystem lift for semis and payments — Alphabet’s $190B AI buildout and agentic‑commerce themes boost broader AI infrastructure demand (beneficial for Google, but also benefits peers). Read More.
• Negative Sentiment: Institutional trimming & profit‑taking — Some funds cut GOOG/GOOGL positions (State of Michigan reduced GOOGL; Manning & Napier and Yacktman trimmed stakes), consistent with profit‑taking after a big run. That pressure can cap near‑term gains. Read More. Read More.Read More.
• Negative Sentiment: Rising capex guidance — Alphabet warned of a significant increase in 2027 capital spending tied to AI infrastructure, which can compress near‑term free cash flow and prompt some investors to take profits. Read More.
• Negative Sentiment: Insider selling — A director sale was reported (small amount), a reminder some insiders are trimming exposure; typically immaterial alone but contributes to the day's negative tape. Read More.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted 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. Raymond James Financial restated a "strong-buy" rating and set a $425.00 price objective on shares of Alphabet in a research report on Thursday. Jefferies Financial Group restated a "buy" rating and set a $365.00 price objective on shares of Alphabet in a research report on Monday, January 5th. Cantor Fitzgerald restated a "neutral" rating on shares of Alphabet in a research report on Tuesday, January 20th. Finally, Pivotal Research restated 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. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $362.73.

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.

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