Alphabet Inc. $GOOG Stock Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama increased its position in Alphabet Inc. (NASDAQ:GOOG) by 0.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,651,460 shares of the information services provider’s stock after buying an additional 3,876 shares during the period. Alphabet accounts for 1.6% of Retirement Systems of Alabama’s portfolio, making the stock its 10th largest holding. Retirement Systems of Alabama’s holdings in Alphabet were worth $562,718,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOG. Denali Advisors LLC boosted its stake in Alphabet by 14.8% during the second quarter. Denali Advisors LLC now owns 105,988 shares of the information services provider’s stock worth $37,449,000 after buying an additional 13,700 shares in the last quarter. Heck Capital Advisors LLC lifted its holdings in shares of Alphabet by 298.2% during the 2nd quarter. Heck Capital Advisors LLC now owns 22,229 shares of the information services provider’s stock worth $7,854,000 after acquiring an additional 16,647 shares during the period. Montchanin Asset Management LLC acquired a new stake in shares of Alphabet during the 1st quarter valued at about $7,075,000. NBT Bank N.A. acquired a new stake in shares of Alphabet during the 3rd quarter valued at about $47,537,000. Finally, Sax Wealth Advisors LLC increased its stake in Alphabet by 13.3% in the second quarter. Sax Wealth Advisors LLC now owns 30,489 shares of the information services provider’s stock valued at $10,773,000 after acquiring an additional 3,575 shares during the period. Institutional investors own 27.26% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Anthropic investment and cloud ties could add value. Alphabet plans to invest $10 billion in Anthropic at its IPO, on top of prior commitments. Anthropic also has large Google Cloud infrastructure commitments, potentially supporting cloud revenue and giving Alphabet a valuable stake if the IPO valuation holds. Those gains remain contingent on the offering and valuation. Article: Anthropic’s Trillion-Dollar IPO Could Give Cloud Giants a Double Win
• Positive Sentiment: Google is expanding its AI hardware and model lineup. New TPU variants target confidential computing and larger AI workloads, potentially helping Google Cloud compete and reduce reliance on outside chips. Google also made Gemini 4 Carbon available to developers and businesses. Article: Google broadens its AI hardware portfolio with two new specialized chips Article: Google Launches Gemini 4 Carbon
• Neutral Sentiment: Pixel Tag adds a new consumer product. Google’s $30 item tracker is now available for Android users, but its effect on Alphabet’s overall results is likely limited. Article: Pixel Tag is now available
• Negative Sentiment: Investors face renewed securities-fraud lawsuit headlines. Multiple law firms publicized a pending class action alleging misleading statements about the Gemini 3.5 Pro launch timeline. The lead-plaintiff deadline is December 1. The notices are largely legal solicitations, but the underlying allegations can add uncertainty and reputational risk. Article: Alphabet securities-fraud lawsuit deadline
• Negative Sentiment: AI competition is intensifying. Anthropic is reportedly developing workplace tools, including a spreadsheet product that could compete with Google Sheets, while its Claude assistant is expanding into Google Meet. This highlights both competitive pressure and the risk of depending on a partner that also competes with Google. Article: Anthropic brings Claude to Google Meet
• Negative Sentiment: Waymo faces a safety and privacy overhang. Federal scrutiny over robotaxis’ school-bus behavior and added privacy protections related to Spirit Airlines employee data create regulatory and reputational risks. Article: Federal Government Probes Waymo Over School-Bus Safety

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GOOG. Phillip Securities upgraded Alphabet from a “moderate buy” rating to a “strong-buy” rating and lowered their price target for the company from $450.00 to $425.00 in a research report on Monday, July 27th. BMO Capital Markets set a $425.00 target price on shares of Alphabet in a research note on Thursday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research note on Thursday, October 15th. Wolfe Research reaffirmed an “outperform” rating on shares of Alphabet in a report on Thursday, August 27th. Finally, Piper Sandler reiterated an “overweight” rating and set a $345.00 target price on shares of Alphabet in a research report on Thursday, October 29th. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $413.38.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 83 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the sale, the director owned 19,076 shares in the company, valued at $6,494,424.20. This represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders sold a total of 247 shares of company stock worth $79,238 in the last 90 days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $284.92 on Wednesday. The company has a current ratio of 2.79, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $3.50 trillion, a P/E ratio of 14.87, a PEG ratio of 0.87 and a beta of 1.21. The business has a 50-day moving average of $327.64 and a 200-day moving average of $336.57. Alphabet Inc. has a 1 year low of $271.41 and a 1 year high of $404.47.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, October 29th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.01 by ($0.89). The company had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.97 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The business’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter last year, the business posted $2.87 earnings per share. On average, equities analysts anticipate that Alphabet Inc. will post 19.74 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be given 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 dividend yield of 0.3%. Alphabet’s payout ratio is currently 4.59%.

About Alphabet

Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer. Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.