North Dakota State Investment Board Purchases 6,704 Shares of Alphabet Inc. $GOOGL

North Dakota State Investment Board increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 178,467 shares of the information services provider’s stock after purchasing an additional 6,704 shares during the quarter. Alphabet comprises approximately 2.4% of North Dakota State Investment Board’s portfolio, making the stock its 7th biggest holding. North Dakota State Investment Board’s holdings in Alphabet were worth $61,407,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. VestGen Advisors LLC boosted its stake in Alphabet by 67.1% in the 3rd quarter. VestGen Advisors LLC now owns 48,823 shares of the information services provider’s stock valued at $16,799,000 after purchasing an additional 19,606 shares during the period. Heritage Wealth Management Inc. CA increased its position in Alphabet by 0.5% during the 3rd quarter. Heritage Wealth Management Inc. CA now owns 6,235 shares of the information services provider’s stock worth $2,145,000 after buying an additional 32 shares during the period. Vantage Investment Partners LLC increased its position in Alphabet by 39.2% during the 3rd quarter. Vantage Investment Partners LLC now owns 64,489 shares of the information services provider’s stock worth $22,189,000 after buying an additional 18,148 shares during the period. Financial Insights Inc. increased its position in Alphabet by 4.4% during the 3rd quarter. Financial Insights Inc. now owns 4,168 shares of the information services provider’s stock worth $1,434,000 after buying an additional 175 shares during the period. Finally, Prism Planning Partners LLC lifted its holdings in shares of Alphabet by 4.0% during the third quarter. Prism Planning Partners LLC now owns 1,796 shares of the information services provider’s stock worth $618,000 after buying an additional 69 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

GOOGL opened at $282.57 on Friday. The firm has a market cap of $3.46 trillion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 0.87 and a beta of 1.23. Alphabet Inc. has a 52-week low of $270.70 and a 52-week high of $408.61. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. The business’s fifty day moving average is $334.04 and its 200-day moving average is $339.15.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.90). The company had revenue of $127.58 billion during the quarter, compared to the consensus estimate of $127.96 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. Sell-side analysts expect that Alphabet Inc. will post 19.86 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, December 7th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet’s dividend payout ratio is presently 4.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GOOGL shares. JPMorgan Chase & Co. boosted their target price on shares of Alphabet from $420.00 to $425.00 and gave the company an “overweight” rating in a research report on Thursday, October 15th. Cantor Fitzgerald lowered their price target on shares of Alphabet from $420.00 to $350.00 and set an “overweight” rating on the stock in a research report on Thursday, October 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research note on Thursday, October 15th. Yorkville Ives began coverage on shares of Alphabet in a report on Monday, October 5th. They issued an “outperform” rating and a $400.00 price objective for the company. Finally, Citizens Jmp downgraded shares of Alphabet from a “market outperform” rating to a “hold” rating in a report on Thursday, October 29th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $412.51.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google plans to invest $17 billion in a Wyoming data center, adding capacity to serve AI demand. Google’s credit backstop for Anthropic’s $19 billion TeraWulf data-center lease may also help secure future AI infrastructure. The commitments support growth, though they require substantial capital. Alphabet’s Google Plans $17 Billion Investment in Wyoming Data Center
• Neutral Sentiment: Google, Meta and TikTok sued California to block a law restricting features considered addictive for users under 16. A successful challenge could limit regulatory constraints, but the outcome is uncertain and the dispute adds scrutiny of social-media practices. Meta, Google, and TikTok sue California AG over teen social media law
• Negative Sentiment: Investors remain concerned that AI infrastructure spending is pressuring free cash flow and margins. The $17 billion Wyoming project reinforces Google’s growth ambitions but could intensify worries about the scale and payoff of capital spending. Alphabet’s Free Cash Flow Is Declining Faster Than Analysts Expected
• Negative Sentiment: A new lawsuit alleges a student used Google AI on a school Chromebook while planning a suicide attempt. The allegations are unproven, but the case could heighten reputational, product-safety and legal risks amid broader concerns about children’s online safety. Google faces claims student used AI chat on US school laptop to plan suicide attempt
• Negative Sentiment: Google has drawn backlash over a policy that would deny Search access to schools that restrict its AI tools, potentially damaging trust and inviting further scrutiny. Separately, law firms are publicizing a securities class action alleging misleading statements about Gemini 3.5 Pro; the claims are allegations, not findings, but add legal overhang. Google faces backlash for plan that would turn off Search for schools that restrict AI

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the transaction, the director directly owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 247 shares of company stock valued at $79,238. 11.61% of the stock is owned by company insiders.

About Alphabet

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.