Brighton Jones LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 174,798 shares of the information services provider's stock after acquiring an additional 5,591 shares during the period. Alphabet comprises about 2.0% of Brighton Jones LLC's investment portfolio, making the stock its 12th biggest holding. Brighton Jones LLC's holdings in Alphabet were worth $54,852,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in shares of Alphabet by 8.6% during the third quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider's stock valued at $24,240,469,000 after acquiring an additional 7,904,434 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Alphabet by 5.8% during the third quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider's stock valued at $9,749,864,000 after acquiring an additional 2,209,203 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Alphabet by 0.7% during the third quarter. Legal & General Group Plc now owns 32,583,332 shares of the information services provider's stock valued at $7,935,671,000 after acquiring an additional 223,743 shares in the last quarter. Capital World Investors grew its stake in shares of Alphabet by 1.9% during the third quarter. Capital World Investors now owns 28,625,464 shares of the information services provider's stock valued at $6,971,769,000 after acquiring an additional 539,679 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Alphabet by 3.6% in the third quarter. Invesco Ltd. now owns 21,531,348 shares of the information services provider's stock worth $5,243,960,000 after purchasing an additional 756,602 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.
Alphabet Stock Performance
Shares of NASDAQ GOOG opened at $347.31 on Thursday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $310.87 and a 200-day simple moving average of $307.25. The company has a market cap of $4.20 trillion, a PE ratio of 32.13, a P/E/G ratio of 2.16 and a beta of 1.13. Alphabet Inc. has a 12-month low of $149.49 and a 12-month high of $353.40.
Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $2.48. The business had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.60 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The business's revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.81 earnings per share. On average, equities research analysts forecast that Alphabet Inc. will post 11.53 EPS for the current year.
More Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Q1 beat — EPS and revenue topped estimates; Google Cloud re‑accelerated to ~$20B (≈63% YoY), validating AI monetization and enterprise demand. This is the primary catalyst for the positive market reaction after the print. Q1 Earnings Beat
- Positive Sentiment: Ad and subscriptions strength — Search/ads and YouTube showed growth (YouTube ad revenue +11%), and paid subs added ~25M, supporting recurring revenue and ad monetization of AI features. Subscriptions Growth
- Positive Sentiment: Analyst support and flows — Several firms raised price targets or reiterated Buy ratings (BMO, KeyBanc, William Blair coverage cited), and visible purchases from investors/ARK ahead of earnings signaled conviction. Analyst upgrades reinforce upside expectations. Analyst Upgrades
- Neutral Sentiment: AI commercialization roadmap — Management emphasized AI Mode / Gemini monetization (including potential ads in Gemini) and partnerships (e.g., Stripe integrations), which are long‑term positives but need execution to translate into durable margin expansion. Gemini Ads & AI Mode
- Neutral Sentiment: Cloud demand vs capacity questions — Cloud revenue growth surprised to the upside but management noted capacity constraints and allocation choices; these can boost near‑term revenue but also raise capex/capacity tradeoffs to monitor. Cloud Capacity Constraints
- Negative Sentiment: Reputation & governance risks — Alphabet’s classified AI deal with the Pentagon provoked employee pushback and investor requests for clearer safeguards on cloud/AI use; reputational and governance risks could attract regulatory or workforce friction. Pentagon AI Deal / Governance
- Negative Sentiment: Regulatory and tax risks — New proposals overseas (e.g., Australia's levy on local news revenues) and EU focus on cloud/AI regulation increase the policy risk premium on hyperscaler revenues. Monitor regional guidance and potential competitive impacts. Regulatory Risk
- Negative Sentiment: Investor positioning and fund flows — Some funds disclosed large reductions and certain trusts trimmed exposure ahead of earnings; short‑term volatility may persist as options traders had priced in a sizable post‑earnings swing. Fund Activity
Wall Street Analyst Weigh In
Several research firms have recently commented on GOOG. Wedbush reaffirmed an "outperform" rating and issued a $370.00 price target on shares of Alphabet in a report on Thursday, February 5th. Pivotal Research restated a "buy" rating on shares of Alphabet in a research note on Wednesday. Jefferies Financial Group restated a "buy" rating and issued a $365.00 target price on shares of Alphabet in a research note on Monday, January 5th. JPMorgan Chase & Co. lifted their target price on Alphabet from $385.00 to $395.00 and gave the company an "overweight" rating in a research note on Thursday, February 5th. Finally, Cantor Fitzgerald restated a "neutral" rating on shares of Alphabet in a research note on Tuesday, January 20th. Seven investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $351.73.
Check Out Our Latest Research Report on GOOG
Insider Buying and Selling at Alphabet
In other news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $335.18, for a total transaction of $10,893,350.00. Following the completion of the transaction, the chief executive officer directly owned 2,179,372 shares in the company, valued at approximately $730,481,906.96. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John Kent Walker sold 47,574 shares of the business's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the transaction, the insider owned 13,227 shares of the company's stock, valued at approximately $3,987,279.15. This represents a 78.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 2,037,192 shares of company stock valued at $94,182,217. 12.99% of the stock is currently owned by insiders.
About Alphabet
(
Free Report)
Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.
Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.
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