Alphabet Inc. $GOOGL Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems ET Al reduced its Alphabet stake by 1.2%, selling 13,200 shares in the third quarter; it still held 1,109,272 shares worth about $381.7 million.
• Alphabet reported quarterly earnings per share of $2.12, below the $3.02 consensus estimate, while revenue of $127.58 billion also fell short of expectations.
• Analysts maintain a consensus Buy rating and a $412.51 price target. Alphabet also declared a quarterly dividend of $0.22 per share.

VIRGINIA RETIREMENT SYSTEMS ET Al cut its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,109,272 shares of the information services provider's stock after selling 13,200 shares during the quarter. Alphabet accounts for 2.3% of VIRGINIA RETIREMENT SYSTEMS ET Al's portfolio, making the stock its 5th biggest holding. VIRGINIA RETIREMENT SYSTEMS ET Al's holdings in Alphabet were worth $381,678,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of GOOGL. Wellment Financial acquired a new stake in Alphabet in the third quarter valued at $293,000. Partners Wealth Management LLC boosted its position in shares of Alphabet by 5,500.1% during the 3rd quarter. Partners Wealth Management LLC now owns 49,617 shares of the information services provider's stock worth $17,072,000 after purchasing an additional 48,731 shares in the last quarter. Founders Financial Securities LLC boosted its position in shares of Alphabet by 2.1% during the 3rd quarter. Founders Financial Securities LLC now owns 31,499 shares of the information services provider's stock worth $10,838,000 after purchasing an additional 640 shares in the last quarter. ERn Financial LLC grew its stake in shares of Alphabet by 8.7% during the 3rd quarter. ERn Financial LLC now owns 3,473 shares of the information services provider's stock worth $1,195,000 after purchasing an additional 279 shares during the period. Finally, Crew Capital Management Ltd grew its stake in shares of Alphabet by 0.3% during the 3rd quarter. Crew Capital Management Ltd now owns 10,850 shares of the information services provider's stock worth $3,733,000 after purchasing an additional 35 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Performance

Shares of GOOGL stock opened at $284.78 on Friday. The stock has a fifty day moving average price of $332.93 and a 200 day moving average price of $338.97. The stock has a market cap of $3.48 trillion, a PE ratio of 14.86, a P/E/G ratio of 0.86 and a beta of 1.23. Alphabet Inc. has a 1 year low of $270.70 and a 1 year high of $408.61. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.02 by ($0.90). The firm had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.96 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. Sell-side analysts forecast that Alphabet Inc. will post 19.86 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, December 7th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 7th. Alphabet's payout ratio is 4.59%.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price target on shares of Alphabet from $417.00 to $371.00 and set an "overweight" rating for the company in a report on Friday, October 30th. Benchmark reiterated a "buy" rating on shares of Alphabet in a research note on Thursday, October 1st. Pivotal Research reissued a "buy" rating and set a $475.00 price objective (up from $470.00) on shares of Alphabet in a report on Thursday, July 23rd. Freedom Capital raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Finally, Sanford C. Bernstein restated a "market perform" rating and set a $325.00 target price (down from $385.00) on shares of Alphabet in a research report on Thursday, October 29th. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $412.51.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is acquiring a Wyoming data-center site from Crusoe as it expands capacity for AI workloads. The purchase supports Alphabet’s push to secure infrastructure it might otherwise lease; a broader Wyoming project has been reported at about $17 billion, with Google saying it will cover the facility’s power costs. Reuters article
• Positive Sentiment: Alphabet’s Wing plans to invest up to $125 million over two years in a Fort Worth manufacturing facility capable of producing tens of thousands of delivery drones annually. The investment could help scale Wing’s commercial operations, though it requires substantial upfront spending. Wall Street Journal article
• Neutral Sentiment: Google plans to double prices for paid input, output and context-caching on its Gemini 3.8 and 3.6 Flash APIs starting January 1, 2027. Higher pricing could improve monetization, but its effect on customer demand is uncertain. Yahoo Finance article
• Negative Sentiment: Alphabet faces renewed investor scrutiny over a securities class action alleging misleading statements during May–July 2026. The claims are allegations, not findings, but could add legal and reputational risk; multiple law-firm notices largely repeat the same case. PR Newswire article
• Negative Sentiment: Investors remain concerned about uncertainty around data-center regulation and the scale of AI capital spending. A separate lawsuit also alleges safety harms involving Google’s AI on a school Chromebook, adding potential reputational and legal exposure. Reuters article

Insider Activity

In related news, Director Frances Arnold sold 83 shares of the business's stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the sale, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. The trade was a 0.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 247 shares of company stock worth $79,238. Insiders own 11.61% of the company's stock.

Alphabet Profile

Alphabet Inc is a technology holding company whose largest business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company reorganized its businesses under the holding-company structure in 2015.

Google's products and services include Search, YouTube, Android, Chrome, Google Maps, Google Play and Google Cloud. The company also generates revenue from digital advertising and offers devices, subscriptions and artificial intelligence products and services.

Alphabet serves consumers, businesses and organizations around the world.

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