New York State Teachers Retirement System Has $1.19 Billion Stock Position in Alphabet Inc. $GOOG

Key Points

• New York State Teachers Retirement System trimmed its Alphabet stake by 3.0% in the fourth quarter, but still held 3.8 million shares valued at about $1.19 billion. Alphabet remains the fund’s 7th-largest position and makes up roughly 2.3% of its portfolio.
• Wall Street sentiment on GOOG is broadly bullish, with analysts assigning an average Buy rating and a consensus price target of $362.73. Several firms recently reiterated or upgraded ratings, including Wells Fargo moving the stock to strong-buy.
• Alphabet’s latest earnings beat expectations, posting $5.11 EPS versus the $2.68 consensus and revenue of $109.9 billion, up 21.8% year over year. The company also raised its quarterly dividend to $0.22 per share from $0.21.

New York State Teachers Retirement System cut its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,798,609 shares of the information services provider's stock after selling 116,317 shares during the period. Alphabet makes up approximately 2.3% of New York State Teachers Retirement System's investment portfolio, making the stock its 7th biggest position. New York State Teachers Retirement System's holdings in Alphabet were worth $1,192,004,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of GOOG. Vanguard Group Inc. grew its stake in shares of Alphabet by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider's stock worth $132,114,125,000 after purchasing an additional 8,128,234 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Alphabet by 8.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider's stock valued at $24,240,469,000 after purchasing an additional 7,904,434 shares during the period. Danske Bank A S purchased a new position in shares of Alphabet during the third quarter valued at $678,198,000. Holocene Advisors LP purchased a new position in Alphabet during the 2nd quarter valued at about $455,745,000. Finally, Alliancebernstein L.P. grew its position in Alphabet by 5.8% during the third quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider's stock valued at $9,749,864,000 after purchasing an additional 2,209,203 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on GOOG shares. BMO Capital Markets reaffirmed an "outperform" rating and issued a $400.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Wells Fargo & Company upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $370.00 price target on shares of Alphabet in a report on Tuesday, January 20th. KeyCorp set a $370.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research report on Monday, April 20th. Six research 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. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $362.73.

Alphabet Price Performance

Alphabet stock opened at $397.05 on Monday. Alphabet Inc. has a 52 week low of $153.83 and a 52 week high of $398.37. The business's fifty day moving average is $317.19 and its two-hundred day moving average is $311.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market cap of $4.81 trillion, a P/E ratio of 30.29, a P/E/G ratio of 1.62 and a beta of 1.25.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $2.43. The company had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company's revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.81 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a $0.22 dividend. The ex-dividend date is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet's dividend payout ratio is 6.41%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s recent earnings strength continues to drive optimism, with analysts raising price targets and earnings estimates after a strong Q1 beat that showed faster growth in Search, Cloud, and YouTube. Investors are also reacting to broad bullish coverage and high-profile holders adding to GOOG exposure.
• Positive Sentiment: Google is expanding its AI monetization tools, unveiling AI-powered Search and Shopping bidding/budgeting features that could make ad spending more efficient and support ad revenue growth. Article: Google AI Automates Ad Bidding and Budget Pacing
• Positive Sentiment: Alphabet is also leaning into AI and consumer hardware, with new Fitbit Air and AI health-coach launches, plus continued work on smart glasses and broader agentic AI products. These developments reinforce the view that Google is becoming a major AI platform across ads, devices, and subscriptions.
• Neutral Sentiment: Several reports point to continued institutional interest and analyst support, including fund additions and upgraded target prices, but these are largely reinforcement signals rather than immediate catalysts.
• Negative Sentiment: Regulatory overhang remains a concern after Google was given more time to address EU antitrust issues, and a new UK lawsuit over online display ads adds another legal challenge. Article: Google has bit more time to address concerns in EU investigation, EU Commission says
• Negative Sentiment: Google also settled a racial discrimination lawsuit for $50 million, which removes some uncertainty but highlights ongoing reputational and legal risks tied to employment practices. Article: Google settles racial discrimination lawsuit for $50 million

Insider Activity at Alphabet

In related news, CAO Amie Thuener O'toole sold 617 shares of the company's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the sale, the chief accounting officer owned 10,093 shares in the company, valued at approximately $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frances Arnold sold 102 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $371.00, for a total transaction of $37,842.00. Following the completion of the sale, the director owned 18,621 shares in the company, valued at $6,908,391. This represents a 0.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 158,553 shares of company stock worth $47,951,856 over the last 90 days. Insiders own 12.99% of the company's stock.

About Alphabet

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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