Alphabet Inc. $GOOGL is Strs Ohio's 7th Largest Position

Key Points

• Strs Ohio increased its Alphabet stake by 1.2% in the fourth quarter, bringing its holdings to 1,821,254 shares worth about $570.1 million. Alphabet is now its 7th-largest position and makes up roughly 2.1% of the portfolio.
• Alphabet delivered a strong quarterly earnings beat, reporting $5.11 EPS versus $2.64 expected and revenue of $109.9 billion versus $106.98 billion forecast. The company also announced a higher quarterly dividend of $0.22, up from $0.21.
• Wall Street remains bullish on GOOGL, with multiple firms raising or reiterating price targets and a consensus “Moderate Buy” rating. The article also highlights ongoing AI momentum, including Google’s I/O announcements and a $5 billion AI cloud venture with Blackstone.

Strs Ohio lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,821,254 shares of the information services provider's stock after purchasing an additional 20,951 shares during the period. Alphabet comprises about 2.1% of Strs Ohio's investment portfolio, making the stock its 7th biggest holding. Strs Ohio's holdings in Alphabet were worth $570,053,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. PMV Capital Advisers LLC bought a new position in shares of Alphabet during the fourth quarter worth about $38,000. Kentucky Trust Co lifted its position in shares of Alphabet by 142.9% during the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after purchasing an additional 100 shares during the last quarter. iSAM Funds UK Ltd bought a new position in shares of Alphabet during the third quarter worth about $53,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Alphabet during the third quarter worth about $53,000. Finally, Nvest Wealth Strategies Inc. bought a new position in shares of Alphabet during the fourth quarter worth about $69,000. Institutional investors own 40.03% of the company's stock.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $388.91 on Thursday. The firm's 50 day moving average is $334.65 and its two-hundred day moving average is $320.07. Alphabet Inc. has a 52 week low of $162.00 and a 52 week high of $408.61. The firm has a market capitalization of $4.71 trillion, a P/E ratio of 29.67, a PEG ratio of 1.66 and a beta of 1.26. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating analysts' consensus estimates of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Analysts anticipate that Alphabet Inc. will post 14.29 earnings per share 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 $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.2%. This is a positive change from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is presently 6.41%.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several research analyst reports. China Renaissance increased their price target on shares of Alphabet from $400.00 to $485.00 and gave the stock a "buy" rating in a research report on Monday, May 4th. Wells Fargo & Company reissued an "overweight" rating and issued a $435.00 target price (up from $427.00) on shares of Alphabet in a report on Wednesday. KeyCorp reissued an "overweight" rating and issued a $425.00 target price on shares of Alphabet in a report on Wednesday. Tigress Financial set a $415.00 target price on shares of Alphabet and gave the stock a "strong-buy" rating in a report on Thursday, February 19th. Finally, Royal Bank Of Canada set a $425.00 target price on shares of Alphabet and gave the stock an "outperform" rating in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus target price of $412.65.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 955 shares of Alphabet stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total value of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares in the company, valued at approximately $2,955,564. The trade was a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $303.38, for a total transaction of $9,859,850.00. Following the completion of the transaction, the chief executive officer owned 1,674,560 shares in the company, valued at approximately $508,028,012.80. This trade represents a 1.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 226,481 shares of company stock valued at $27,422,061 in the last 90 days. 11.61% of the stock is owned by corporate insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google I/O showcase highlighted a broad AI push across Search, Gemini, Workspace, shopping, coding, and video tools, reinforcing expectations that Google can monetize AI rather than just defend against competitors. Google debuts new AI models, personal AI agents in effort to keep pace with OpenAI and Anthropic
• Positive Sentiment: Google and Blackstone announced a $5 billion joint venture to build AI cloud infrastructure powered by Google’s TPU chips, which could expand demand for Alphabet’s custom silicon and strengthen its enterprise AI ecosystem. Google, Blackstone to create new AI cloud company, WSJ reports
• Positive Sentiment: Wall Street analysts turned more constructive after I/O, with firms including BofA, KeyCorp, Citizens JMP, Needham, and others reiterating or raising targets, signaling confidence that Alphabet’s AI strategy is gaining traction. Alphabet analyst forecasts
• Positive Sentiment: Alphabet said Gemini now has 900 million monthly users and AI Overviews has 2.5 billion monthly users, showing that its AI products are already operating at significant scale. Google kicks off I/O conference with AI upgrades for coders, consumers
• Positive Sentiment: Alphabet also introduced new AI-powered search and shopping features, including agentic tools and a universal cart, which could open additional monetization opportunities. Google's new Universal Cart wants to follow you across the entire internet
• Neutral Sentiment: Insider and shareholder sales were disclosed, including a director sale and a larger shareholder sale, but these appear to be routine filings rather than a clear signal of changing fundamentals. SEC filing
• Negative Sentiment: Ofcom said YouTube and TikTok have not done enough to protect British children from harmful content, adding another layer of regulatory scrutiny for Alphabet’s YouTube business. TikTok, YouTube lag on UK child safety as rivals act, regulator says
• Negative Sentiment: Some investors worry that Google’s AI-heavy search redesign could pressure its core ad model by reducing reliance on the traditional “ten blue links” format. Google Search as you know it is over

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.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.