State of Wyoming Sells 4,980 Shares of Alphabet Inc. $GOOGL

Key Points

• Wyoming reduced its Alphabet stake by 17.6% in the third quarter, selling 4,980 shares and retaining 23,277 shares valued at about $8.0 million.
• Institutional investors overall own 40.03% of Alphabet, with major holders including State Street and Amundi adding shares in recent reporting periods.
• Alphabet’s latest quarterly results fell short of expectations: EPS was $2.12 versus a $3.02 consensus, while revenue was $127.58 billion versus $127.96 billion expected. Analysts’ average rating remains “Buy,” with a $412.51 average price target.

State of Wyoming reduced its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 17.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,277 shares of the information services provider's stock after selling 4,980 shares during the period. Alphabet comprises approximately 0.6% of State of Wyoming's holdings, making the stock its 9th largest position. State of Wyoming's holdings in Alphabet were worth $8,009,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GOOGL. State Street Corp raised its stake in shares of Alphabet by 5.6% in the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock worth $85,403,303,000 after purchasing an additional 12,718,127 shares during the last quarter. Amundi lifted its holdings in shares of Alphabet by 4.6% during the second quarter. Amundi now owns 33,203,350 shares of the information services provider's stock valued at $11,865,809,000 after purchasing an additional 1,457,371 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Alphabet by 10.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider's stock valued at $6,334,186,000 after purchasing an additional 1,631,721 shares in the last quarter. Swiss National Bank boosted its position in shares of Alphabet by 7.1% during the first quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider's stock valued at $4,911,467,000 after buying an additional 1,139,400 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Alphabet by 90.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider's stock valued at $4,900,078,000 after buying an additional 8,112,680 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Key Headlines Impacting Alphabet

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 Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of the firm's stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the transaction, the director directly owned 19,076 shares of the company's stock, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 247 shares of company stock valued at $79,238 over the last 90 days. Company insiders own 11.61% of the company's stock.

Alphabet Price Performance

NASDAQ GOOGL opened at $284.78 on Friday. The business's fifty day moving average price is $332.93 and its 200-day moving average price is $338.97. The stock has a market capitalization of $3.48 trillion, a price-to-earnings ratio of 14.86, a PEG ratio of 0.86 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.69. Alphabet Inc. has a 1-year low of $270.70 and a 1-year high of $408.61.

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

Alphabet Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wedbush reduced their price objective on Alphabet from $445.00 to $387.00 and set an "outperform" rating for the company in a report on Thursday, October 29th. Wall Street Zen cut shares of Alphabet from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. The Goldman Sachs Group restated a "buy" rating and set a $385.00 target price on shares of Alphabet in a research note on Thursday, October 29th. Wells Fargo & Company dropped their price target on shares of Alphabet from $417.00 to $371.00 and set an "overweight" rating on the stock in a report on Friday, October 30th. Finally, UBS Group set a $332.00 price target on shares of Alphabet and gave the stock a "neutral" rating in a research note on Thursday, October 29th. Five analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $412.51.

About Alphabet

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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