Public Employees Retirement System of Ohio Sells 14,472 Shares of Alphabet Inc. $GOOGL

Posted by Francis Steltz on Aug 3rd, 2026

Public Employees Retirement System of Ohio reduced its holdings in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 0.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,481,611 shares of the information services provider’s stock after selling 14,472 shares during the quarter. Alphabet makes up 2.3% of Public Employees Retirement System of Ohio’s portfolio, making the stock its 5th biggest holding. Public Employees Retirement System of Ohio’s holdings in Alphabet were worth $713,612,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GOOGL. Klingman & Associates LLC boosted its stake in Alphabet by 3.1% in the 1st quarter. Klingman & Associates LLC now owns 27,370 shares of the information services provider’s stock worth $7,871,000 after buying an additional 826 shares during the last quarter. CLG LLC grew its holdings in Alphabet by 0.8% in the 1st quarter. CLG LLC now owns 6,662 shares of the information services provider’s stock valued at $1,916,000 after buying an additional 50 shares during the period. Modern Wealth Management LLC increased its stake in shares of Alphabet by 1.1% during the 1st quarter. Modern Wealth Management LLC now owns 135,293 shares of the information services provider’s stock valued at $40,234,000 after acquiring an additional 1,486 shares during the last quarter. Keebeck Wealth Management increased its stake in shares of Alphabet by 25.9% during the 1st quarter. Keebeck Wealth Management now owns 21,404 shares of the information services provider’s stock valued at $6,155,000 after acquiring an additional 4,399 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Alphabet by 90.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider’s stock worth $4,900,078,000 after acquiring an additional 8,112,680 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: Alphabet’s custom Tensor Processing Units (TPUs) are increasingly viewed as credible alternatives to Nvidia chips. That could reduce Google’s dependence on external suppliers and create a potential external chip-revenue opportunity. Alphabet and Amazon custom AI chips
Positive Sentiment: Recent commentary highlights Alphabet’s record quarter, strong Google Cloud growth, Gemini adoption and enterprise AI demand. Analysts and value-focused investors continue to view GOOGL as comparatively inexpensive among large technology and AI companies. Alphabet AI investment and valuation
Positive Sentiment: Google is reportedly supporting a $15 billion Anthropic data-center project with chips and financial guarantees, while Oracle is expanding its partnership to bring Gemini models to enterprise applications. These initiatives could drive Google Cloud demand and strengthen Alphabet’s AI ecosystem. Anthropic data center backed by Google
Neutral Sentiment: Alphabet’s reported quarterly earnings and revenue beat consensus estimates by wide margins, supporting the fundamental case, although investors remain focused on whether AI growth will translate into sufficient cash returns.
Negative Sentiment: Alphabet withdrew its Google Earth AI image-generation feature only one day after launch following criticism that fabricated imagery could spread misinformation. The quick reversal limits immediate product risk but raises questions about AI governance and rollout discipline. Google Earth AI feature withdrawn
Negative Sentiment: The AI buildout is becoming increasingly expensive. Alphabet is targeting up to $205 billion in 2026 capital expenditures, while rising memory and infrastructure costs are pressuring cash flow and increasing future depreciation. AI buildout costs and cash flow
Negative Sentiment: Recent insider sales were small relative to the executives’ remaining holdings, but they provide a modest sentiment headwind. Separately, investor-law-firm investigations could create additional legal and reputational overhang. Alphabet director stock sale

Alphabet Price Performance

GOOGL stock opened at $356.13 on Monday. The firm has a market cap of $4.36 trillion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 1.00 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet Inc. has a 1 year low of $187.82 and a 1 year high of $408.61. The stock has a 50-day simple moving average of $357.79 and a 200-day simple moving average of $339.35.

Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.89 by $6.22. The firm had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. On average, equities analysts predict that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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 paid a dividend of $0.22 per share. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is currently 4.42%.

Analyst Ratings Changes

GOOGL has been the topic of several research analyst reports. Piper Sandler reissued an “overweight” rating and issued a $395.00 target price (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Mizuho upped their price target on shares of Alphabet from $420.00 to $460.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Pivotal Research reaffirmed a “buy” rating and set a $475.00 price target (up from $470.00) on shares of Alphabet in a research note on Thursday, July 23rd. Zacks Research upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Finally, Truist Financial set a $420.00 price objective on shares of Alphabet and gave the company a “buy” rating in a research note on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Buy” and a consensus price target of $419.86.

View Our Latest Analysis on GOOGL

Insider Activity

In other news, 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 directly owned 75,290 shares of the company’s stock, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 600,547 shares of company stock worth $16,255,540. Company insiders own 11.61% of the company’s stock.

About Alphabet

(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.