22,411 Shares in Alphabet Inc. $GOOGL Purchased by JM2 Capital Inc.

Key Points

• JM2 Capital purchased 22,411 shares of Alphabet in Q4 (about $7.02 million), making GOOGL roughly 5.6% of JM2’s holdings and its third-largest position.
• Alphabet is receiving positive AI-driven momentum—Google’s Gemini was added to the DoD’s GenAI.mil platform and the company plans an AI campus in South Korea—fueling investor attention ahead of earnings and AI spending updates.
• Wall Street consensus is a Moderate Buy with a $369.67 average price target, while the stock trades near its 52-week high (~$350) after Alphabet beat quarterly revenue and EPS estimates.

JM2 Capital Inc. purchased a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 22,411 shares of the information services provider's stock, valued at approximately $7,015,000. Alphabet accounts for about 5.6% of JM2 Capital Inc.'s holdings, making the stock its 3rd biggest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC lifted its position in shares of Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock valued at $20,886,000 after acquiring an additional 4,110 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of Alphabet by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock worth $2,826,000 after acquiring an additional 506 shares during the period. Matrix Asset Advisors Inc. NY increased its stake in Alphabet by 17.6% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider's stock valued at $685,000 after purchasing an additional 581 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Alphabet by 11.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider's stock valued at $85,557,000 after purchasing an additional 48,805 shares in the last quarter. Finally, United Bank raised its holdings in Alphabet by 6.9% during the second quarter. United Bank now owns 48,204 shares of the information services provider's stock worth $8,495,000 after purchasing an additional 3,120 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, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total transaction of $348,232.50. Following the sale, the director directly owned 3,581 shares of the company's stock, valued at $1,187,638.65. This trade represents a 22.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $302.99, for a total transaction of $33,934.88. Following the sale, the director owned 18,418 shares of the company's stock, valued at approximately $5,580,469.82. This trade represents a 0.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,037,294 shares of company stock worth $94,216,897 over the last three months. Company insiders own 11.55% of the company's stock.

Wall Street Analyst Weigh In

GOOGL has been the topic of a number of research analyst reports. Barclays reiterated an "overweight" rating and set a $360.00 target price (up from $315.00) on shares of Alphabet in a research report on Thursday, February 5th. Canaccord Genuity Group set a $415.00 price target on Alphabet in a research note on Thursday, February 5th. New Street Research boosted their price objective on shares of Alphabet from $330.00 to $380.00 and gave the stock a "buy" rating in a research report on Tuesday, February 10th. Robert W. Baird increased their price objective on shares of Alphabet from $375.00 to $380.00 and gave the company an "outperform" rating in a research note on Friday, March 6th. Finally, Argus raised their target price on shares of Alphabet from $365.00 to $385.00 and gave the company a "buy" rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus price target of $369.67.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Market attention is squarely on Alphabet’s earnings and Gemini/AI spending updates, which investors expect could drive revenue and engagement. Alphabet earnings on tap with Gemini, AI spending updates in focus with stock near record high
• Positive Sentiment: The U.S. Department of Defense added Google’s Gemini for Government models to its secure GenAI.mil platform — a commercial win that supports enterprise/government adoption and recurring revenue potential. What's Behind The Boost In Alphabet Stock Today?
• Positive Sentiment: South Korea and Google agreed to build an AI campus in Seoul — a strategic move to expand R&D, talent and local partnerships that supports long-term AI product development. Google to build AI campus in South Korea, presidential office says
• Positive Sentiment: Prominent bullish commentary (e.g., Jim Cramer) highlights Alphabet’s diversified AI-driven revenue “mosaic,” supporting investor sentiment and flows into the stock. Jim Cramer Says “Alphabet Has a Mosaic Like None Other”
• Neutral Sentiment: Analyst notes and market pieces flag that strong post-earnings moves are possible (heightened volatility around the report); options activity is mixed versus peers. Here's How Much Google Parent Alphabet Stock Is Expected to Move After Earnings
• Negative Sentiment: The EU is pressing Google to open Android to AI rivals and regulators gave pointers to improve rivals’ access to Google services — potential regulatory changes that could hurt margins or product control. EU tells Google to open Android to AI rivals
• Negative Sentiment: Investors are pushing for more climate transparency tied to AI data center energy use (shareholder proposal from Trillium) — this could increase disclosure and potentially capex/operational scrutiny as AI workloads scale. Alphabet Investors Press For AI Data Center Climate Transparency

Alphabet Stock Up 1.7%

Shares of NASDAQ:GOOGL opened at $350.34 on Tuesday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. Alphabet Inc. has a 52-week low of $147.84 and a 52-week high of $353.18. The stock's fifty day simple moving average is $310.19 and its 200-day simple moving average is $306.18. The company has a market capitalization of $4.24 trillion, a P/E ratio of 32.41, a P/E/G ratio of 2.13 and a beta of 1.12.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.57 by $0.25. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm had revenue of $113.83 billion during the quarter, compared to analysts' expectations of $111.24 billion. As a group, equities research analysts forecast that Alphabet Inc. will post 11.53 earnings per share for the current fiscal year.

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.

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