Jag Capital Management LLC Has $50.52 Million Stock Position in Alphabet Inc. $GOOGL

Jag Capital Management LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.4% during the first quarter, Holdings Channel.com reports. The firm owned 175,691 shares of the information services provider’s stock after buying an additional 8,988 shares during the quarter. Alphabet accounts for approximately 5.7% of Jag Capital Management LLC’s portfolio, making the stock its 4th biggest position. Jag Capital Management LLC’s holdings in Alphabet were worth $50,522,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GOOGL. Gerald Baker Financial Group LLC acquired a new stake in Alphabet in the first quarter worth about $1,656,000. Allspring Global Investments Holdings LLC increased its stake in Alphabet by 1.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,439,865 shares of the information services provider’s stock valued at $725,591,000 after buying an additional 44,627 shares during the period. Thayer Partners LLC MA raised its position in shares of Alphabet by 5.4% during the 1st quarter. Thayer Partners LLC MA now owns 1,299 shares of the information services provider’s stock worth $374,000 after buying an additional 66 shares in the last quarter. Independent Financial Group LLC bought a new stake in shares of Alphabet during the 1st quarter worth about $20,824,000. Finally, Bancreek Capital Management LP lifted its stake in shares of Alphabet by 264.8% in the 1st quarter. Bancreek Capital Management LP now owns 8,955 shares of the information services provider’s stock worth $2,575,000 after acquiring an additional 6,500 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on GOOGL. President Capital increased their price objective on shares of Alphabet from $375.00 to $465.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Evercore upped their target price on Alphabet from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $390.00 price target (up from $345.00) on shares of Alphabet in a research note on Thursday, April 30th. Dbs Bank lifted their price target on Alphabet from $400.00 to $460.00 in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group boosted their price objective on Alphabet from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Five analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Alphabet has a consensus rating of “Buy” and a consensus target price of $419.86.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Q2 results showed strong underlying demand, including an 82% surge in Google Cloud revenue and continued growth in Search and YouTube, reinforcing that its core businesses are still expanding. Google Cloud CEO Kurian says customers are spending 50% more as segment blows away expectations
• Positive Sentiment: Analysts at Barclays argued that a TPU-as-a-service offering could materially lift Alphabet’s long-term profitability, suggesting the market may be underestimating future AI monetization. TPU-As-A-Service could boost Google’s 2028 profit by over 15%: Barclays
• Positive Sentiment: Verizon signed a more than $1 billion dark-fiber deal to support Google’s data centers, underscoring ongoing infrastructure demand tied to Alphabet’s AI and cloud expansion. Verizon signs deal with Google worth over $1 billion
• Neutral Sentiment: Alphabet was included in a momentum screen highlighting stocks with strong earnings and favorable price trends, which is supportive but not a major stock-specific catalyst. 3 High-Momentum Stocks to Buy Now Before They Surge
• Neutral Sentiment: Short-interest data showed no meaningful short position, so this does not appear to be a major driver of the move.
• Negative Sentiment: Investors are worried that Alphabet’s AI spending is becoming too large, with the company increasing 2026 capex guidance and reporting negative free cash flow for the first time in years. Alphabet earnings takeaways: Q2 revenue beats, GOOGL stock sinks on 2026 capex hike
• Negative Sentiment: Alphabet also faced fresh regulatory pressure after the European Commission fined Google about $1 billion under the Digital Markets Act. Google hit with $1 billion EU fine, first under landmark rules
• Negative Sentiment: Waymo reportedly may try to end its partnership with Uber, which could create uncertainty around one of Alphabet’s autonomous-driving distribution channels. Waymo reportedly mulling a breakup with Uber

Alphabet Stock Performance

Alphabet stock opened at $319.74 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The firm has a market cap of $3.87 trillion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 1.06 and a beta of 1.24. Alphabet Inc. has a 1 year low of $187.82 and a 1 year high of $408.61. The firm’s 50 day moving average price is $362.93 and its two-hundred day moving average price is $338.90.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 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 company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. On average, research analysts predict that Alphabet Inc. will post 17.59 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is currently 4.42%.

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $368.63, for a total transaction of $387,061.50. Following the completion of the sale, the director directly owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. This represents a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 159,415 shares of company stock worth $7,672,279. 11.61% of the stock is owned by company insiders.

About Alphabet

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.