State of Alaska Department of Revenue Cuts Stake in Alphabet Inc. $GOOGL

Key Points

• State of Alaska Department of Revenue reduced its stake in Alphabet by 6.6% in Q4, selling 47,485 shares and now owning 669,186 shares worth about $209.45M, making Alphabet its fifth-largest holding (~2.2% of the portfolio).
• Alphabet beat Q4 expectations with EPS of $2.82 (vs. $2.57 est.) and revenue of $113.83B, and analysts maintain a consensus "Moderate Buy" with an average price target of $369.67.
• Alphabet committed a strategic AI investment — up to $40 billion in Anthropic (a $10B tranche now, $30B contingent) — a major growth catalyst for AI and Cloud but one that raises execution, valuation and regulatory risks.

State of Alaska Department of Revenue lessened its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 669,186 shares of the information services provider's stock after selling 47,485 shares during the quarter. Alphabet accounts for about 2.2% of State of Alaska Department of Revenue's investment portfolio, making the stock its 5th biggest holding. State of Alaska Department of Revenue's holdings in Alphabet were worth $209,454,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Uptown Financial Advisors LLC acquired a new position in shares of Alphabet during the fourth quarter worth about $244,000. Aspect Partners LLC grew its holdings in shares of Alphabet by 8.3% during the fourth quarter. Aspect Partners LLC now owns 731 shares of the information services provider's stock worth $229,000 after buying an additional 56 shares in the last quarter. Legacy Bridge LLC raised its position in Alphabet by 23.3% in the 4th quarter. Legacy Bridge LLC now owns 2,812 shares of the information services provider's stock valued at $880,000 after buying an additional 532 shares during the last quarter. Asset Advisors Investment Management LLC raised its position in Alphabet by 0.8% in the 4th quarter. Asset Advisors Investment Management LLC now owns 127,128 shares of the information services provider's stock valued at $39,791,000 after buying an additional 951 shares during the last quarter. Finally, High Net Worth Advisory Group LLC lifted its stake in Alphabet by 1.6% in the 4th quarter. High Net Worth Advisory Group LLC now owns 7,964 shares of the information services provider's stock valued at $2,493,000 after acquiring an additional 125 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Stock Performance

NASDAQ GOOGL opened at $344.40 on Monday. Alphabet Inc. has a 12 month low of $147.84 and a 12 month high of $349.00. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The stock has a 50 day moving average of $309.30 and a 200-day moving average of $305.41. The company has a market cap of $4.17 trillion, a PE ratio of 31.86, a PEG ratio of 2.13 and a beta of 1.12.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. On average, equities research analysts anticipate that Alphabet Inc. will post 11.53 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, March 9th. Alphabet's dividend payout ratio (DPR) is 7.77%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wedbush upped their price target on Alphabet from $360.00 to $370.00 and gave the stock an "outperform" rating in a research report on Thursday, February 5th. Sanford C. Bernstein boosted their price objective on shares of Alphabet from $305.00 to $335.00 and gave the stock a "market perform" rating in a research report on Monday, February 2nd. Piper Sandler restated an "overweight" rating and set a $395.00 target price (up from $365.00) on shares of Alphabet in a report on Thursday, February 5th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Alphabet in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Alphabet from $370.00 to $390.00 and gave the company a "buy" rating in a research note on Thursday, February 5th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and an average price target of $369.67.

Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $335.18, for a total transaction of $10,893,350.00. Following the transaction, the chief executive officer directly owned 2,179,372 shares in the company, valued at $730,481,906.96. The trade was a 1.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O'toole sold 955 shares of the company's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the completion of the sale, the chief accounting officer directly 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 SEC filing for this sale provides additional information. Insiders sold 2,037,294 shares of company stock worth $94,216,897 over the last ninety days. Company insiders own 11.55% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet commits to a strategic AI partnership that secures long-term model and compute capacity — Google will invest up to $40 billion in Anthropic (a $10B tranche now, $30B contingent on milestones). The deal strengthens Alphabet’s access to leading generative-AI models, supports product roadmap and cloud demand, and reduces the risk of competitors locking up third‑party model supply. Google to invest up to $40B in Anthropic in cash and compute
• Positive Sentiment: Analyst support is lifting sentiment — multiple firms have reaffirmed or raised ratings/targets (Jefferies, Needham, JPMorgan, UBS moves reported), reinforcing a bullish view that AI and Cloud will drive upside to estimates. This analyst momentum is helping push the stock higher into the next earnings print. Alphabet: Jefferies keeps its 'Buy' rating
• Positive Sentiment: Product and infrastructure catalysts: new TPU 8i inference chip, expanded Workspace AI features and enterprise wins (Ulta, AutoZone migrations) point to faster, lower‑cost AI scaling and increased Cloud/ads monetization potential. These operational advances support margins and longer-term revenue growth. Alphabet Stock Gains After Unveiling New AI Inference Chip
• Neutral Sentiment: Sector labor disruption from AI: broader reporting that AI is displacing tech jobs may pressure sentiment for the sector but is only an indirect, mixed impact on Alphabet — potential cost savings versus reputation/PR and macro consumption effects. Whether It's 'Disruption' or 'Renormalization,' AI Is Killing Tech Jobs
• Neutral Sentiment: Near-term earnings setup: several outlets and banks expect a modest Q1 beat driven by AI and Cloud strength; this supports the rally but leaves the stock exposed to any surprise guidance. Alphabet set to report modest beat for Q1 driven by AI, Cloud growth
• Negative Sentiment: Regulatory risk in Europe: the European Commission is pressuring Google to give rival AI assistants deeper Android access — a move that could weaken Alphabet’s ecosystem advantage and advertising/engagement moat if implemented. Regulatory actions remain a meaningful downside risk. Google Faces New EU Pressure to Give AI Rivals Android Access
• Negative Sentiment: Large contingent capital commitment and valuation exposure: while the Anthropic deal is strategic, the $30B contingent tranche and Anthropic’s ~$350B valuation create execution and financial-commitment risks if performance targets aren’t met or scrutiny increases. Investors may worry about future cash/compute obligations and valuation optics. Google plans to invest up to $40 billion in Anthropic, Bloomberg reports

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.

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