State of New Jersey Common Pension Fund D trimmed its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,669,504 shares of the information services provider's stock after selling 43,922 shares during the quarter. Alphabet makes up 1.9% of State of New Jersey Common Pension Fund D's holdings, making the stock its 9th largest holding. State of New Jersey Common Pension Fund D's holdings in Alphabet were worth $523,890,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of the stock. Imprint Wealth LLC acquired a new position in shares of Alphabet during the 3rd quarter worth about $31,000. Manning & Napier Advisors LLC acquired a new stake in Alphabet during the third quarter worth about $32,000. Nvest Wealth Strategies Inc. acquired a new stake in Alphabet during the fourth quarter worth about $38,000. Towne Trust Company N.A increased its stake in Alphabet by 34.0% during the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock valued at $42,000 after acquiring an additional 34 shares during the period. Finally, Lynch Asset Management Inc. bought a new position in Alphabet during the third quarter valued at about $61,000. Institutional investors and hedge funds own 27.26% of the company's stock.
Key Stories Impacting Alphabet
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
Alphabet Price Performance
Shares of GOOG opened at $397.05 on Monday. The company has a 50 day moving average of $317.19 and a 200-day moving average of $311.59. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock has a market capitalization 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 Inc. has a twelve month low of $153.83 and a twelve month high of $398.37.
Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. During the same quarter in the previous year, the firm earned $2.81 EPS. The business's quarterly revenue was up 21.8% on a year-over-year basis. As a group, equities research analysts forecast that Alphabet Inc. will post 14.29 EPS for the current fiscal year.
Alphabet Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is 6.41%.
Insider Activity at Alphabet
In related news, Director Frances Arnold sold 102 shares of the business's stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $371.00, for a total value of $37,842.00. Following the completion of the sale, the director directly owned 18,621 shares in the company, valued at approximately $6,908,391. The trade was a 0.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the sale, the chief executive officer owned 1,642,060 shares of the company's stock, valued at approximately $505,573,853.40. The trade was a 1.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 158,553 shares of company stock valued at $47,951,856. 12.99% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
GOOG has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $370.00 price target on shares of Alphabet in a research report on Tuesday, January 20th. TD Cowen upped their price target on shares of Alphabet from $375.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Phillip Securities lowered Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, April 15th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $400.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $375.00 price objective on shares of Alphabet in a research note on Thursday, January 15th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $362.73.
Check Out Our Latest Stock Analysis on GOOG
Alphabet Company Profile
(
Free Report)
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.
Featured Stories
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