Janney Montgomery Scott LLC Acquires 55,634 Shares of Alphabet Inc. $GOOGL

Janney Montgomery Scott LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,835,129 shares of the information services provider’s stock after purchasing an additional 55,634 shares during the period. Alphabet accounts for about 1.3% of Janney Montgomery Scott LLC’s portfolio, making the stock its 8th largest position. Janney Montgomery Scott LLC’s holdings in Alphabet were worth $655,820,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GOOGL. Vanguard Group Inc. increased its position in Alphabet by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock valued at $165,567,398,000 after acquiring an additional 12,531,695 shares in the last quarter. State Street Corp raised its stake in shares of Alphabet by 1.8% in the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock worth $40,524,841,000 after acquiring an additional 4,008,374 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Alphabet by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 146,193,037 shares of the information services provider’s stock worth $45,625,595,000 after purchasing an additional 2,666,676 shares in the last quarter. Norges Bank acquired a new position in shares of Alphabet during the fourth quarter worth approximately $30,534,239,000. Finally, Bank of America Corp DE grew its stake in shares of Alphabet by 4.9% during the fourth quarter. Bank of America Corp DE now owns 69,108,183 shares of the information services provider’s stock valued at $21,630,861,000 after purchasing an additional 3,218,852 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their position. 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 196,931 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 451,945 shares of company stock valued at $12,382,714 over the last 90 days. 11.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on GOOGL shares. Citigroup reissued an “outperform” rating on shares of Alphabet in a report on Monday, May 4th. Bank of America upped their price objective on Alphabet from $370.00 to $430.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. DZ Bank upgraded Alphabet to a “strong-buy” rating in a research report on Thursday, July 23rd. Canaccord Genuity Group lifted their target price on Alphabet from $415.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Evercore boosted 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. Six analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $420.19.

Alphabet Stock Performance

Shares of Alphabet stock opened at $346.96 on Wednesday. The firm has a fifty day moving average of $351.05 and a two-hundred day moving average of $341.51. 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 stock has a market capitalization of $4.24 trillion, a price-to-earnings ratio of 17.43, a PEG ratio of 0.98 and a beta of 1.24. Alphabet Inc. has a 52 week low of $205.65 and a 52 week high of $408.61.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping 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 business had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $117.07 billion. As a group, equities research analysts predict that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be issued 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 yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 4.42%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway significantly increased its Alphabet position. Berkshire’s second-quarter filing reportedly showed an 83% increase in its stake to approximately $37.8 billion, making Alphabet one of its largest holdings. The purchase may reinforce investor confidence in Alphabet’s valuation, cash generation and AI growth prospects. Berkshire Boosts Its Bet: This AI Hyperscaler Is Now a Top-3 Holding
• Positive Sentiment: Google expanded Gemini Enterprise into legal and financial services. New specialized AI agents and tools could help Google Cloud monetize Gemini, compete with Anthropic and OpenAI, and deepen relationships with high-value enterprise customers. Google expands Gemini AI platform for law firms, lawyers
• Positive Sentiment: Alphabet-owned Waymo is expanding internationally. Waymo plans to test autonomous vehicles in Munich and launch commercial driverless rides in Germany in 2027, its first European market. The move supports the long-term growth case for Alphabet’s autonomous-driving investments, although near-term financial benefits are likely limited. Waymo to begin testing autonomous vehicles in Munich
• Positive Sentiment: Google’s in-house TPU strategy is attracting attention. Reports that TPU volume could potentially triple by 2027 suggest growing demand for Google’s AI infrastructure and could improve cloud economics while reducing reliance on Nvidia hardware. Google TPU Volume Could Triple to 8.8 Million by 2027
• Neutral Sentiment: Google reportedly plans to move Pixel manufacturing out of China by 2027. Shifting production to Vietnam and India could diversify supply chains, but relocation costs and execution risks make the immediate earnings impact uncertain. Google plans to move all Pixel manufacturing out of China by 2027
• Negative Sentiment: Pomerantz LLP announced an investigation into claims on behalf of Alphabet investors. The notice provides few details, but securities-law investigations can create headline risk, potential legal expenses and uncertainty for shareholders. Investor Alert: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Alphabet
• Negative Sentiment: Possible delays to a new Gemini Pro release may be weighing on AI sentiment. Reports that a flagship Gemini update may not arrive before late September could raise concerns about Google’s pace of innovation as competition from Anthropic and OpenAI intensifies. Gemini Pro delay leaves Google with an empty flagship tier

Alphabet Company Profile

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.