Alphabet Inc. $GOOGL Holdings Lifted by State of Wyoming

Key Points

• State of Wyoming increased its Alphabet position by 17.4% in the first quarter, bringing its holdings to 29,955 shares valued at approximately $8.6 million. Institutional investors collectively own about 40% of GOOGL.
• Analysts maintain a broadly positive view, with Alphabet receiving a consensus “Buy” rating and an average price target of $419.86, compared with the reported share price of $356.13.
• Alphabet reported quarterly EPS of $9.11 and revenue of $119.8 billion, beating estimates, while its AI expansion offers growth opportunities but also increases capital-expenditure and cash-flow pressures.

State of Wyoming boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 17.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,955 shares of the information services provider's stock after purchasing an additional 4,450 shares during the quarter. Alphabet makes up approximately 1.0% of State of Wyoming's holdings, making the stock its 5th biggest position. State of Wyoming's holdings in Alphabet were worth $8,614,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Strategic Wealth Advisors LLC boosted its position in shares of Alphabet by 6.0% during the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock worth $137,000 after acquiring an additional 27 shares during the last quarter. Midwest Professional Planners LTD. grew its stake in Alphabet by 1.2% during the first quarter. Midwest Professional Planners LTD. now owns 2,364 shares of the information services provider's stock valued at $680,000 after acquiring an additional 29 shares in the last quarter. Symmetry Partners LLC increased its holdings in Alphabet by 0.4% in the 4th quarter. Symmetry Partners LLC now owns 7,912 shares of the information services provider's stock valued at $2,476,000 after acquiring an additional 30 shares during the last quarter. Private Wealth Management Group LLC increased its holdings in Alphabet by 1.2% in the 1st quarter. Private Wealth Management Group LLC now owns 2,540 shares of the information services provider's stock valued at $730,000 after acquiring an additional 30 shares during the last quarter. Finally, SKY Mountain Capital Management Inc. lifted its stake in Alphabet by 1.1% in the 1st quarter. SKY Mountain Capital Management Inc. now owns 2,791 shares of the information services provider's stock worth $803,000 after purchasing an additional 30 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on GOOGL shares. JPMorgan Chase & Co. reissued a "buy" rating on shares of Alphabet in a report on Monday, May 4th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $425.00 target price on shares of Alphabet in a report on Thursday, July 23rd. Evercore boosted their target price on Alphabet from $400.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, April 30th. DA Davidson set a $350.00 price target on Alphabet and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Alphabet in a research note on Monday, June 22nd. Six equities research analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of "Buy" and an average target price of $419.86.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s custom Tensor Processing Units (TPUs) are increasingly viewed as credible alternatives to Nvidia chips. That could reduce Google’s dependence on external suppliers and create a potential external chip-revenue opportunity. Alphabet and Amazon custom AI chips
• Positive Sentiment: Recent commentary highlights Alphabet’s record quarter, strong Google Cloud growth, Gemini adoption and enterprise AI demand. Analysts and value-focused investors continue to view GOOGL as comparatively inexpensive among large technology and AI companies. Alphabet AI investment and valuation
• Positive Sentiment: Google is reportedly supporting a $15 billion Anthropic data-center project with chips and financial guarantees, while Oracle is expanding its partnership to bring Gemini models to enterprise applications. These initiatives could drive Google Cloud demand and strengthen Alphabet’s AI ecosystem. Anthropic data center backed by Google
• Neutral Sentiment: Alphabet’s reported quarterly earnings and revenue beat consensus estimates by wide margins, supporting the fundamental case, although investors remain focused on whether AI growth will translate into sufficient cash returns.
• Negative Sentiment: Alphabet withdrew its Google Earth AI image-generation feature only one day after launch following criticism that fabricated imagery could spread misinformation. The quick reversal limits immediate product risk but raises questions about AI governance and rollout discipline. Google Earth AI feature withdrawn
• Negative Sentiment: The AI buildout is becoming increasingly expensive. Alphabet is targeting up to $205 billion in 2026 capital expenditures, while rising memory and infrastructure costs are pressuring cash flow and increasing future depreciation. AI buildout costs and cash flow
• Negative Sentiment: Recent insider sales were small relative to the executives’ remaining holdings, but they provide a modest sentiment headwind. Separately, investor-law-firm investigations could create additional legal and reputational overhang. Alphabet director stock sale

Insider Buying and Selling

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 8,998 shares of the company's stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the sale, the insider owned 75,290 shares in the company, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 600,547 shares of company stock valued at $16,255,540. Insiders own 11.61% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $356.13 on Friday. The firm has a fifty day simple moving average of $357.79 and a two-hundred day simple moving average of $339.30. Alphabet Inc. has a 52 week low of $187.82 and a 52 week high of $408.61. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $4.36 trillion, a P/E ratio of 17.89, a PEG ratio of 1.00 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $6.22. The firm had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, analysts expect that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be given a $0.22 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet's dividend payout ratio (DPR) is currently 4.42%.

Alphabet Company Profile

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.

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