State of Alaska Department of Revenue Sells 11,502 Shares of Alphabet Inc. $GOOG

State of Alaska Department of Revenue trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 635,321 shares of the information services provider’s stock after selling 11,502 shares during the quarter. Alphabet accounts for approximately 2.0% of State of Alaska Department of Revenue’s holdings, making the stock its 9th largest position. State of Alaska Department of Revenue’s holdings in Alphabet were worth $216,479,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new stake in Alphabet during the second quarter valued at $29,000. Lifetime Wealth Management P.C. bought a new position in Alphabet in the fourth quarter valued at about $38,000. Timbuktu Capital Management LLC purchased a new position in Alphabet in the second quarter worth about $46,000. Robinswood Financial LLC purchased a new position in Alphabet in the first quarter worth about $57,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Alphabet during the 4th quarter valued at about $63,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: JPMorgan raised its price target to $425 from $420 and maintained an Overweight rating. The firm cited sustained Google Cloud growth and Alphabet’s ability to remain competitive in artificial intelligence. Alphabet Stocks Rise as JPMorgan Lifts Target on Cloud Growth
• Positive Sentiment: Alphabet continues to generate positive AI momentum. Gemini 4 Argon reportedly scored highly on accounting and enterprise benchmarks, while Google demonstrated a quantum-computing technique that could reduce errors significantly. These developments support the company’s positioning against OpenAI, Anthropic and other rivals. Gemini 4 Argon Accounting Benchmark
• Positive Sentiment: New commercial initiatives—including Google’s Universal Cart shopping tool, a multiyear AI partnership with CNN and potential YouTube audiobook offerings—could broaden monetization across Search, Gemini and YouTube. Google Universal Cart Launch
• Neutral Sentiment: Investors are looking ahead to Alphabet’s upcoming earnings, with analysts generally bullish on AI and cloud growth. However, the company’s substantial data-center and AI infrastructure spending raises questions about near-term free cash flow and returns on capital. Alphabet Q3 Preview
• Negative Sentiment: Multiple law firms are promoting a securities class action alleging that Alphabet failed to disclose disappointing Gemini training results. The repeated notices and December lead-plaintiff deadline create a reputational and potential litigation overhang, although they do not represent new operating results. Alphabet Securities Fraud Lawsuit
• Negative Sentiment: Google warned that suspected China-linked hackers may exploit a vulnerability in BeyondTrust software, adding cybersecurity and trust concerns. Separately, renewed fears over stretched AI valuations and competition for digital advertising could limit further gains. Google Warns of BeyondTrust Exploitation Risk

Alphabet Price Performance

NASDAQ GOOG opened at $344.91 on Friday. The company has a market capitalization of $4.22 trillion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 1.00 and a beta of 1.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The business’s fifty day moving average is $341.41 and its 200 day moving average is $348.88. Alphabet Inc. has a fifty-two week low of $244.67 and a fifty-two week high of $404.47.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $6.24. The business had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Alphabet’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.31 earnings per share. Sell-side analysts predict that Alphabet Inc. will post 20.54 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, September 4th. Alphabet’s payout ratio is presently 4.42%.

Analysts Set New Price Targets

GOOG has been the subject of several research reports. Barclays reaffirmed an “overweight” rating and set a $425.00 price target (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. KeyCorp reiterated an “overweight” rating and issued a $435.00 price objective on shares of Alphabet in a research note on Thursday, October 1st. Wolfe Research reissued an “outperform” rating on shares of Alphabet in a report on Thursday, August 27th. Sanford C. Bernstein cut their target price on shares of Alphabet from $390.00 to $385.00 and set a “market perform” rating for the company in a research report on Thursday, July 23rd. Finally, Freedom Capital upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $422.10.

Insider Activity

In related news, CAO Marsida Saraci sold 449 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the sale, the chief accounting officer directly owned 27,386 shares of the company’s stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. The SEC filing for this sale provides additional information. Insiders have sold a total of 420,865 shares of company stock valued at $8,293,477 in the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Company Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet’s chief executive officer and also leads Google.

Google is Alphabet’s primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.