Alphabet Inc. $GOOG is State of Michigan Retirement System’s 9th Largest Position

State of Michigan Retirement System cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,595,060 shares of the information services provider’s stock after selling 13,600 shares during the period. Alphabet accounts for about 1.9% of State of Michigan Retirement System’s holdings, making the stock its 9th biggest position. State of Michigan Retirement System’s holdings in Alphabet were worth $388,477,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GOOG. Manning & Napier Advisors LLC purchased a new stake in shares of Alphabet in the third quarter valued at about $32,000. Tripletail Wealth Management LLC acquired a new position in Alphabet in the 3rd quarter valued at about $40,000. University of Illinois Foundation acquired a new position in Alphabet in the 2nd quarter valued at about $31,000. Fairman Group LLC raised its stake in Alphabet by 121.3% during the 2nd quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock valued at $31,000 after acquiring an additional 97 shares during the last quarter. Finally, Retirement Wealth Solutions LLC lifted its position in Alphabet by 145.0% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 196 shares of the information services provider’s stock worth $48,000 after acquiring an additional 116 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Scotiabank reiterated an Outperform and lifted its price target to $400, citing Google’s solid results and AI positioning — a bullish analyst signal that supports upside expectations. Scotiabank Maintains its Outperform Rating on Alphabet Inc. (GOOGL)
• Positive Sentiment: EU regulators cleared Alphabet’s $32B Wiz acquisition unconditionally, removing a major regulatory overhang and making the deal a nearer-term strategic win for Google Cloud/security. Google secures EU antitrust approval for $32 billion Wiz acquisition
• Positive Sentiment: Google is adding shopping/ad formats into AI Search and Gemini, opening a new direct monetization channel for AI answers — potential incremental ad/commerce revenue. Google Weaves New Shopping Feature Into Search and Gemini
• Positive Sentiment: Institutional flows show conviction from some large investors: Egerton opened a ~$338.5M GOOG position and several funds (e.g., TD Asset Management, Homestead) added shares in recent filings — signals of continued institutional demand. Egerton opens new $338.5M GOOG position
• Positive Sentiment: Alphabet participated in a major robotics/AI funding round (Apptronik), underscoring strategic bets and partnerships in robotics and AI ecosystems. Apptronik raises $520M with backing from Google
• Neutral Sentiment: Fund-level portfolio moves are mixed: some managers trimmed GOOG while others added sizeable allocations — useful for tracking flow but mixed near-term directional impact. (Various 13F updates)
• Negative Sentiment: Alphabet’s unusually large debt raise (century bond and >$20–$30B offering) has spooked some investors — analysts and headlines flagged “debt anxiety,” and the fundraising is cited as a key reason for short-term selling despite strong demand for the bonds. Alphabet sells bonds worth $20 billion to fund AI spending
• Negative Sentiment: Privacy/regulatory risk: reporting that Google disclosed a student journalist’s personal/financial data to ICE without a judge-approved subpoena raises reputational and potential regulatory scrutiny risks. Google sent personal and financial information of student journalist to ICE

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GOOG. DA Davidson set a $300.00 target price on Alphabet in a report on Tuesday, November 25th. Bank of America lifted their price objective on shares of Alphabet from $280.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Jefferies Financial Group restated a “buy” rating and set a $365.00 price objective on shares of Alphabet in a research report on Monday, January 5th. Raymond James Financial raised shares of Alphabet from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $315.00 to $400.00 in a report on Thursday, January 22nd. Finally, Mizuho set a $325.00 price target on shares of Alphabet in a research note on Thursday, October 30th. Seven research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Alphabet currently has an average rating of “Buy” and a consensus target price of $343.47.

Insider Transactions at Alphabet

In other Alphabet news, insider John Kent Walker sold 17,829 shares of the business’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $314.89, for a total transaction of $5,614,173.81. Following the sale, the insider directly owned 42,972 shares in the company, valued at approximately $13,531,453.08. The trade was a 29.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the firm’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $19.00, for a total value of $35,060,852.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 2,069,864 shares of company stock valued at $105,985,041. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG opened at $311.32 on Thursday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $350.15. The company has a 50-day simple moving average of $322.38 and a 200-day simple moving average of $274.01. The company has a market capitalization of $3.76 trillion, a PE ratio of 28.80, a P/E/G ratio of 1.89 and a beta of 1.10.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.23. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The company had revenue of $113.83 billion for the quarter, compared to analyst estimates of $111.24 billion. During the same period in the prior year, the business posted $2.15 earnings per share. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. Equities research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is presently 7.77%.

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.