Alphabet Inc. $GOOG Stock Position Reduced by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 506,051 shares of the information services provider’s stock after selling 6,200 shares during the period. Alphabet makes up approximately 1.1% of Teachers Retirement System of The State of Kentucky’s investment portfolio, making the stock its 8th biggest position. Teachers Retirement System of The State of Kentucky’s holdings in Alphabet were worth $145,166,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Procyon Advisors LLC lifted its position in shares of Alphabet by 13.1% in the first quarter. Procyon Advisors LLC now owns 28,195 shares of the information services provider’s stock worth $8,088,000 after buying an additional 3,257 shares in the last quarter. Global Assets Advisory LLC boosted its stake in Alphabet by 5.3% during the first quarter. Global Assets Advisory LLC now owns 6,622 shares of the information services provider’s stock valued at $1,900,000 after buying an additional 335 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Alphabet by 0.3% during the 1st quarter. International Assets Investment Management LLC now owns 50,947 shares of the information services provider’s stock valued at $15,024,000 after buying an additional 146 shares in the last quarter. Trifecta Capital Advisors LLC grew its holdings in Alphabet by 1.8% during the 1st quarter. Trifecta Capital Advisors LLC now owns 74,972 shares of the information services provider’s stock valued at $21,506,000 after buying an additional 1,308 shares in the last quarter. Finally, Gables Capital Management Inc. increased its stake in Alphabet by 1.9% in the 1st quarter. Gables Capital Management Inc. now owns 14,817 shares of the information services provider’s stock worth $4,250,000 after acquiring an additional 270 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Alphabet Price Performance

NASDAQ:GOOG opened at $353.81 on Friday. The firm has a market capitalization of $4.29 trillion, a price-to-earnings ratio of 26.99, a PEG ratio of 1.58 and a beta of 1.23. Alphabet Inc. has a 1 year low of $181.50 and a 1 year high of $404.47. The business has a 50 day simple moving average of $367.31 and a 200-day simple moving average of $336.58. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $2.43. The firm had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.81 EPS. Equities analysts forecast that Alphabet Inc. will post 14.32 EPS for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were given a $0.22 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, June 8th. Alphabet’s dividend payout ratio is 6.71%.

Insider Activity at Alphabet

In other Alphabet news, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction on Friday, June 26th. The shares were sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the transaction, the chief accounting officer directly owned 27,348 shares of the company’s stock, valued at $9,345,358.56. The trade was a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 8,998 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider owned 75,290 shares in the company, valued at $26,298,044.10. This trade represents a 10.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 159,415 shares of company stock valued at $7,672,279 over the last three months. Corporate insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GOOG. Truist Financial set a $430.00 price objective on Alphabet in a report on Monday, June 1st. JPMorgan Chase & Co. raised their target price on shares of Alphabet from $395.00 to $460.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Wells Fargo & Company set a $416.00 price target on shares of Alphabet in a research report on Thursday, July 2nd. Oppenheimer upped their price target on shares of Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $425.00 price objective on shares of Alphabet in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $383.44.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street sentiment remains broadly bullish, with multiple firms reiterating buy/outperform ratings and several raising price targets, including Wedbush’s $445 target, signaling continued confidence in Alphabet’s long-term earnings power and AI/cloud growth. Finviz
• Positive Sentiment: Bank of America said Alphabet could beat estimates on strong cloud growth and a larger-than-expected value from its Anthropic stake, which supports the bull case ahead of earnings. Proactive Investors
• Positive Sentiment: Warren Buffett publicly said he initiated Berkshire Hathaway’s Alphabet investment and called the stock more likely to be a winner, which adds a high-profile vote of confidence for investors. CNBC
• Positive Sentiment: Recent institutional filings show major investors like Berkshire Hathaway adding to GOOG/GOOGL positions, reinforcing long-term institutional support for the stock. Quiver Quantitative
• Neutral Sentiment: Alphabet continues rolling out AI-related product updates, including Google Vids avatar tools and new app integrations in AI Mode, which show product momentum but are unlikely to move the stock on their own. TechCrunch
• Neutral Sentiment: A new lobbying disclosure showed Alphabet spending on privacy, competition, and platform-bias issues, which is routine regulatory activity and not a direct earnings driver. Quiver Quantitative
• Negative Sentiment: The European Union ordered Google to open Android and search data to rival AI and search companies, a regulatory move that could weaken Alphabet’s competitive moat and increase compliance pressure. Reuters
• Negative Sentiment: Alphabet is also facing fresh legal and investor scrutiny, including a securities-fraud investigation announcement and a report that its AI search tools may pose safety risks for children, both of which add headline risk. Business Wire
• Negative Sentiment: Recent insider selling has been heavy, with no insider purchases in the last six months, which may weigh on sentiment even if the sales are not necessarily a fundamental red flag. Quiver Quantitative

About Alphabet

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.