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Arizona State Retirement System Has $322.74 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Arizona State Retirement System Has $322.74 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

  • 19.03.2025 08:07
  • etfdailynews.com
  • Keywords: Alphabet, Google Services, Market Cap, Dividends, Investors

Arizona State Retirement System boosted its stake in Alphabet Inc. by purchasing 14,415 shares, worth $322.74 million, making it their seventh-largest holding. Other investors also increased their stakes, while insiders sold shares totaling over $17 million.

Alphabet ServicesAlphabet ReportsAlphabet NewsAlphabet ProductsGOOGLsentiment_dissatisfied

Estimated market influence

Arizona State Retirement System

Positivesentiment_satisfied
Analyst rating: N/A

The Arizona State Retirement System increased its stake in Alphabet by 0.9% and now holds 1,704,907 shares worth $322.74 million, making it the 7th largest holding.

Pettinga Financial Advisors LLC

Positivesentiment_satisfied
Analyst rating: N/A

Increased their position by 10.1%, now owning 2,186 shares valued at $363,000.

Impax Asset Management Group plc

Positivesentiment_satisfied
Analyst rating: N/A

Grew their stake by 6.8%, holding 728,575 shares worth $120.83 million.

Heritage Investors Management Corp

Positivesentiment_satisfied
Analyst rating: N/A

Increased position by 0.5%, now owning 420,235 shares valued at $69.695 million.

Global Wealth Management Investment Advisory Inc.

Positivesentiment_satisfied
Analyst rating: N/A

Grew their stake by 13.2%, holding 28,263 shares worth $4.687 million.

Crestwood Advisors Group LLC

Positivesentiment_satisfied
Analyst rating: N/A

Increased position by 3.3%, now owning 760,173 shares valued at $126.073 million.

Alphabet Inc.

Alphabet Inc.

Negativesentiment_dissatisfied
Analyst rating: Buy

Two insiders sold a total of 93,048 shares worth $17.37 million in the last three months, indicating some internal concerns.

Context

Analysis of Arizona State Retirement System's Investment in Alphabet Inc. (NASDAQ:GOOGL)

Key Stakeholder Activity

  • Arizona State Retirement System (ASRS):

    • Increased stake in Alphabet by 0.9% during Q4.
    • Holds 1,704,907 shares, valued at $322.74 million.
    • Alphabet represents 2.0% of ASRS’s total holdings, ranking as the 7th largest position.

  • Other Institutional Investors:

    • Pettinga Financial Advisors LLC increased stake by 10.1%, holding 2,186 shares valued at $363,000.
    • Impax Asset Management Group plc increased stake by 6.8%, holding 728,575 shares valued at $120.83 million.
    • Heritage Investors Management Corp increased stake by 0.5%, holding 420,235 shares valued at $69.695 million.
    • Global Wealth Management Investment Advisory Inc. increased stake by 13.2%, holding 28,263 shares valued at $4.687 million.
    • Crestwood Advisors Group LLC increased stake by 3.3%, holding 760,173 shares valued at $126.07 million.

  • Institutional Ownership:

    • Total institutional ownership stands at 40.03%.

Insider Trading

  • Director Transactions:

    • Sold 200 shares at an average price of $165.53, total transaction value $33,106.
    • Now owns 7,813 shares, valued at $1,293,285.89, representing a 2.50% decrease in position.

  • Another Insider Transaction:

    • Sold 16,820 shares at an average price of $192.62, total transaction value $3,239,868.
    • Now owns 43,981 shares, valued at $8,471,620.22, representing a 27.66% decrease in ownership.

  • Total Insider Sales:

    • Insiders have sold 93,048 shares worth $17.37 million over the last three months.
    • Total insider ownership stands at 11.55%.

Stock Performance

  • Current Price: Alphabet opened at $160.67 on Wednesday.
  • Market Capitalization: $1.96 trillion.
  • Valuation Metrics:
    • PE ratio: 19.96
    • PEG ratio: 1.34
    • Beta: 1.02
  • Price Range:
    • 52-week low: $146.08
    • 52-week high: $207.05
  • Moving Averages:
    • 50-day: $184.35
    • 200-day: $176.56
  • Liquidity Ratios:
    • Debt-to-equity ratio: 0.03
    • Current ratio: 1.84
    • Quick ratio: 1.84

Earnings and Valuation

  • Q4 Results:
    • EPS: $2.15, beating estimates by $0.03.
    • Net margin: 28.60%
    • Return on equity (ROE): 32.49%
  • Analyst Consensus:
    • Expected EPS for the current year: 8.9

Dividend Policy

  • Dividend Announcement:
    • Quarterly dividend of $0.20 per share, paid on March 17, 2024.
    • Annualized dividend yield: 0.50%
    • Payout ratio: 9.94%

Business Operations

  • Segments:
    • Google Services
    • Google Cloud
    • Other Bets (e.g., Verily, Waymo)
  • Products and Platforms:
    • Ads, Android, Chrome, Gmail, Google Maps, Google Photos, Google Play, Search, YouTube

Market Implications and Business Insights

  • Institutional Confidence: The significant increase in institutional ownership by ASRS and other investors highlights confidence in Alphabet’s long-term growth potential.
  • Insider Activity: While insider sales may raise questions about management sentiment, they could also reflect diversification or strategic portfolio adjustments.
  • Stock Performance: Alphabet’s stock has shown resilience despite broader market fluctuations, with a strong earnings report reinforcing its position as a leading tech company.
  • Dividend Attraction: The consistent dividend payments indicate Alphabet’s commitment to returning value to shareholders, which may attract income-focused investors.
  • Competitive Dynamics: As a dominant player in the information services and cloud computing sectors, Alphabet faces competition but maintains a strong market position.

Strategic Considerations

  • Investor Sentiment: Investors should monitor both institutional activity and insider trading trends for potential signals about Alphabet’s future performance.
  • Regulatory Environment: Given Alphabet’s global presence, regulatory developments could impact its operations and profitability in various regions.
  • Long-Term Growth: Alphabet’s focus on innovation (e.g., AI, autonomous vehicles) positions it well for sustained growth, but execution risks remain a key concern.

This analysis provides a comprehensive overview of Alphabet Inc.’s current business standing, market dynamics, and strategic considerations based on the latest investor activity and financial performance.