South Dakota Investment Council Has $93.27 Million Stake in Alphabet Inc. $GOOGL

Posted by Francis Steltz on Aug 7th, 2026

South Dakota Investment Council trimmed its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 7.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 324,336 shares of the information services provider’s stock after selling 27,188 shares during the quarter. Alphabet makes up about 1.8% of South Dakota Investment Council’s investment portfolio, making the stock its 8th largest holding. South Dakota Investment Council’s holdings in Alphabet were worth $93,266,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. EMC Capital Management bought a new stake in Alphabet in the 4th quarter valued at about $33,000. Lifetime Wealth Management P.C. bought a new position in Alphabet in the 4th quarter worth about $32,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $38,000. Bard Associates Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $52,000. Finally, Kentucky Trust Co raised its holdings in shares of Alphabet by 142.9% during the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock valued at $53,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the completion of the sale, the director owned 1,481 shares in the company, valued at approximately $545,941.03. This trade represents a 41.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 600,547 shares of company stock valued at $16,255,540 over the last 90 days. 11.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several analyst reports. Susquehanna reiterated a “positive” rating and set a $460.00 price objective (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. Citigroup restated an “outperform” rating on shares of Alphabet in a research report on Monday, May 4th. KeyCorp boosted their price target on Alphabet from $425.00 to $445.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Roth Capital reiterated a “buy” rating and set a $440.00 price target (up from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Alphabet in a research note on Monday, June 22nd. Six equities research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $419.86.

View Our Latest Research Report on Alphabet

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: Alphabet is seeking up to $25 billion through a 10-part U.S. bond offering, with reports indicating orders could exceed $115 billion. The strong demand suggests investors and lenders remain confident in Alphabet’s credit profile, while the funds will support AI data centers, computing capacity and other corporate needs. Alphabet seeks up to $25 billion from its latest bond sale
Positive Sentiment: AI demand continues to create growth opportunities for Google Cloud. AI lab Mirendil signed a multiyear agreement worth more than $100 million for Google Cloud computing capacity, reinforcing demand for Alphabet’s infrastructure and services. Mirendil signs Google Cloud deal
Neutral Sentiment: Demis Hassabis is moving from day-to-day leadership of Google DeepMind to become Alphabet’s chief scientist and chair of DeepMind, with a focus on long-term research, artificial general intelligence and Isomorphic Labs. Management says the change is intended to improve coordination between research and commercialization. Demis Hassabis new role
Negative Sentiment: Investors remain concerned that Hassabis’ reduced operating role, combined with the departure of longtime chief scientist Jeff Dean and other senior researchers, could weaken Alphabet’s ability to retain talent and compete in frontier AI. The leadership changes followed concerns about delays in Google’s next-generation Gemini products. Google AI leadership departures
Negative Sentiment: The debt offering highlights the scale of Alphabet’s AI spending. Although borrowing can preserve cash for operations, it increases interest obligations and intensifies scrutiny over whether future AI revenue will justify the substantial capital investment. Alphabet bond offering and AI spending
Negative Sentiment: Alphabet’s planned $15 billion India data-center project faces opposition over potential effects on water supplies and wildlife, creating possible permitting, reputational and construction risks. Google India data center environmental concerns

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $357.75 on Friday. The stock has a market cap of $4.38 trillion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.02 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. Alphabet Inc. has a 12 month low of $194.33 and a 12 month high of $408.61. The stock’s 50 day moving average price is $356.20 and its 200 day moving average price is $340.31.

Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. Equities research analysts anticipate that Alphabet Inc. will post 20.51 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, September 14th. Stockholders of record on Monday, September 7th will be issued a $0.22 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet’s dividend payout ratio is 4.42%.

Alphabet Company Profile

(Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.