Congress Asset Management Co. Increases Stock Position in Alphabet Inc. $GOOG

Key Points

• Congress Asset Management increased its Alphabet position by 19.9% in the third quarter, adding 12,521 shares for a total of 75,582 shares valued at approximately $25.8 million. Institutional investors collectively own 27.26% of the stock.
• Analyst sentiment remains positive, with six Strong Buy and 35 Buy ratings; Alphabet has an overall “Buy” consensus and an average price target of $420.07.
• Alphabet reported strong quarterly results, posting $9.11 in earnings per share and $119.8 billion in revenue, with revenue up 24.2% year over year. However, insiders sold 441,399 shares worth about $8.7 million over the past 90 days.

Congress Asset Management Co. increased its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 19.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,582 shares of the information services provider's stock after buying an additional 12,521 shares during the period. Congress Asset Management Co.'s holdings in Alphabet were worth $25,754,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in GOOG. Moody National Bank Trust Division boosted its stake in shares of Alphabet by 11.9% in the 3rd quarter. Moody National Bank Trust Division now owns 29,763 shares of the information services provider's stock valued at $10,141,000 after purchasing an additional 3,157 shares in the last quarter. Colton Groome Financial Advisors LLC lifted its stake in Alphabet by 2.9% in the 3rd quarter. Colton Groome Financial Advisors LLC now owns 2,924 shares of the information services provider's stock valued at $996,000 after purchasing an additional 82 shares during the last quarter. GoalFusion Wealth Management LLC lifted its stake in Alphabet by 39.4% in the 3rd quarter. GoalFusion Wealth Management LLC now owns 2,890 shares of the information services provider's stock valued at $985,000 after purchasing an additional 817 shares during the last quarter. Financial Symmetry Inc boosted its position in Alphabet by 1.4% in the third quarter. Financial Symmetry Inc now owns 2,105 shares of the information services provider's stock valued at $717,000 after buying an additional 30 shares in the last quarter. Finally, Rosenberg Matthew Hamilton grew its stake in shares of Alphabet by 0.5% during the third quarter. Rosenberg Matthew Hamilton now owns 11,739 shares of the information services provider's stock worth $4,000,000 after buying an additional 63 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GOOG shares. Rosenblatt Securities started coverage on shares of Alphabet in a report on Thursday, August 20th. They set a "buy" rating for the company. Cantor Fitzgerald reissued an "overweight" rating and set a $420.00 price objective (down from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Oppenheimer restated an "outperform" rating and set a $400.00 price objective (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Alphabet in a report on Thursday, July 23rd. Finally, TD Cowen reiterated a "buy" rating and issued a $475.00 target price on shares of Alphabet in a research report on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $420.07.

Insiders Place Their Bets

In other news, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the transaction, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 441,399 shares of company stock worth $8,677,053. Company insiders own 12.99% of the company's stock.

Alphabet Price Performance

Shares of GOOG opened at $344.59 on Wednesday. The business has a 50-day moving average of $342.68 and a 200-day moving average of $346.13. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The company has a market capitalization of $4.21 trillion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 1.00 and a beta of 1.19. Alphabet Inc. has a 1 year low of $236.68 and a 1 year high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The business had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $116.53 billion. During the same period in the prior year, the business posted $2.31 earnings per share. The firm's revenue was up 24.2% on a year-over-year basis. As a group, equities research analysts anticipate that Alphabet Inc. will post 20.55 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Friday, September 4th. Alphabet's dividend payout ratio (DPR) is presently 4.42%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google and Constellation Energy announced a 20-year power purchase agreement covering 890 megawatts of additional nuclear capacity. Constellation plans to invest $4.3 billion to upgrade 11 existing reactors in Illinois, Pennsylvania and New Jersey, supporting Alphabet’s growing data-center and AI power requirements. The deal improves long-term energy visibility and demonstrates Alphabet’s ability to secure reliable, low-carbon electricity for AI infrastructure. Google and Constellation Energy sign latest nuclear energy deal
• Positive Sentiment: Analyst and investment commentary remains broadly constructive. Articles point to strong Google Cloud growth, resilient Search demand and potential AI monetization through advertising, cloud services and subscriptions. Several analysts maintain bullish ratings, with reported price targets generally above the current trading level. Alphabet Has the Biggest Upside in the Mag 7 Right Now
• Neutral Sentiment: Alphabet reportedly unveiled Gemini 4 Argon, aimed at complex enterprise tasks such as software engineering, cybersecurity and financial research. The launch could strengthen Alphabet’s competitive position, although investors will likely focus on adoption, monetization and whether the company can keep pace with OpenAI and Anthropic. Google unveils Gemini 4 Argon
• Negative Sentiment: Multiple law firms publicized a securities-fraud class action against Alphabet concerning alleged statements about the progress and expected timing of its Gemini 3.5 Pro model. The claims relate to a May 19–July 16, 2026 trading period and cite a prior sharp share-price decline. The announcements largely repeat one lawsuit and do not establish liability, but they add headline and potential financial risk. Alphabet securities-fraud class action notice
• Negative Sentiment: Alphabet also faces a reported £1.2 billion U.K. lawsuit alleging that Google Play Store fees raised prices for consumers. Separately, a U.S. ad-tech damages claim could expose the company to significant litigation costs if plaintiffs prevail. Google faces U.K. lawsuit over Play Store fees
• Negative Sentiment: Recent data shows Alphabet insiders have recorded open-market sales without reported purchases during the past six months. This is not necessarily a fundamental warning, but it may temper sentiment alongside ongoing regulatory and AI-execution risks.

About Alphabet

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet's chief executive officer and also leads Google.

Google is Alphabet's primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.

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