New York State Teachers Retirement System Sells 80,935 Shares of Alphabet Inc. $GOOGL

New York State Teachers Retirement System lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,863,629 shares of the information services provider’s stock after selling 80,935 shares during the period. Alphabet accounts for about 2.3% of New York State Teachers Retirement System’s holdings, making the stock its 7th biggest position. New York State Teachers Retirement System’s holdings in Alphabet were worth $1,182,348,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GOOGL. Breakwater Investment Management grew its position in Alphabet by 1.0% in the 3rd quarter. Breakwater Investment Management now owns 4,228 shares of the information services provider’s stock valued at $1,028,000 after purchasing an additional 41 shares during the period. Wealth Alliance Advisory Group LLC grew its holdings in shares of Alphabet by 1.0% during the third quarter. Wealth Alliance Advisory Group LLC now owns 4,045 shares of the information services provider’s stock valued at $983,000 after buying an additional 41 shares during the last quarter. Clearview Wealth Advisors LLC increased its position in shares of Alphabet by 3.3% during the third quarter. Clearview Wealth Advisors LLC now owns 1,281 shares of the information services provider’s stock worth $312,000 after acquiring an additional 41 shares in the last quarter. Kooman & Associates increased its position in shares of Alphabet by 3.3% during the third quarter. Kooman & Associates now owns 1,343 shares of the information services provider’s stock worth $326,000 after acquiring an additional 43 shares in the last quarter. Finally, Contravisory Investment Management Inc. raised its holdings in shares of Alphabet by 2.9% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,572 shares of the information services provider’s stock worth $382,000 after acquiring an additional 44 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the subject of a number of analyst reports. Argus lifted their price target on Alphabet from $330.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, January 5th. Wolfe Research lifted their target price on Alphabet from $380.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday. Oppenheimer increased their price target on Alphabet from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Susquehanna lifted their price objective on shares of Alphabet from $225.00 to $350.00 and gave the stock a “positive” rating in a report on Thursday, October 30th. Finally, President Capital increased their target price on shares of Alphabet from $258.00 to $323.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Four analysts have rated the stock with a Strong Buy rating, forty-two have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $331.40.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $312.30, for a total value of $867,569.40. Following the sale, the chief accounting officer owned 8,962 shares of the company’s stock, valued at approximately $2,798,832.60. The trade was a 23.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 102 shares of the stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $313.45, for a total value of $31,971.90. Following the transaction, the director directly owned 18,205 shares of the company’s stock, valued at approximately $5,706,357.25. This trade represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 222,409 shares of company stock worth $68,564,532 over the last 90 days. Corporate insiders own 11.64% of the company’s stock.

Alphabet Trading Down 0.8%

NASDAQ GOOGL opened at $328.04 on Friday. The business’s fifty day moving average is $315.65 and its 200-day moving average is $259.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market capitalization of $3.96 trillion, a price-to-earnings ratio of 32.35, a PEG ratio of 1.82 and a beta of 1.08. Alphabet Inc. has a one year low of $140.53 and a one year high of $340.49.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. The business had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. Equities research analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Apple ties Gemini to Siri, widening Gemini distribution and strengthening Alphabet’s AI moat — a material revenue/strategic positive for GOOGL that supports premium multiples and growth expectations. How Apple’s Gemini-Powered Siri Deal Will Impact Alphabet (GOOGL) Investors
• Positive Sentiment: Multiple bullish analyst moves — Wolfe Research lifted its price target to $390, Raymond James upgraded to “strong buy” and raised targets (reports of a $400 target), and Deutsche Bank raised its target — fueling buy-side momentum and supporting upside expectations. Wolfe Research Adjusts Price Target
• Positive Sentiment: Google pushes into AI shopping and other AI-enabled monetization avenues — analysts and outlets highlight accelerating product-led revenue opportunities that underpin long-term growth. Google’s Making a Splash in AI Shopping
• Neutral Sentiment: Technical/market commentary: recent ~3–4% pullback called a routine consolidation within a long-term uptrend — suggests no fundamental change but signals caution for investors seeking cheaper entry points. Alphabet Cools After the Run: Buy Now or Wait for a Better Entry?
• Neutral Sentiment: Waymo launched robotaxi service in Miami (business expansion) — growth opportunity for autonomous revenue but not yet material to near-term GAAP results. Waymo launches robotaxi service in Miami
• Negative Sentiment: NTSB opens an investigation after Waymo robotaxis were recorded illegally passing stopped school buses multiple times — raises regulatory, safety and reputational risks for Alphabet’s autonomous-driving unit and could lead to operational constraints or fines. US safety board opens probe into Waymo robotaxis passing stopped school buses
• Negative Sentiment: Federal judge allowed a consumer antitrust lawsuit over Google’s default-search payments to proceed — continued legal exposure that could affect search economics and ad revenue over time. Judge Orders Google to Face Consumer Antitrust Lawsuit Over Search

Alphabet Profile

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.