Johnson Financial Group Inc. Has $10.55 Million Stock Position in Alphabet Inc. $GOOGL

Key Points

• Johnson Financial Group reduced its Alphabet stake by 9.3% in the second quarter, selling 3,020 shares and retaining 29,533 shares valued at approximately $10.55 million.
• Analysts remain broadly bullish on Alphabet, with an average rating of “Buy” and an average price target of $420.19; 50 analysts rate the stock Buy or Strong Buy, compared with four Holds.
• Alphabet reported quarterly revenue of $119.80 billion and EPS of $9.11, beating estimates, while recent developments—including AI investment, Waymo expansion and reduced breakup risk—are balanced by ongoing antitrust scrutiny and high AI infrastructure costs.

Johnson Financial Group Inc. lowered its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 9.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,533 shares of the information services provider's stock after selling 3,020 shares during the quarter. Alphabet makes up 0.3% of Johnson Financial Group Inc.'s investment portfolio, making the stock its 25th largest holding. Johnson Financial Group Inc.'s holdings in Alphabet were worth $10,554,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOGL. Crescent Grove Advisors LLC lifted its stake in Alphabet by 1.8% during the second quarter. Crescent Grove Advisors LLC now owns 5,916 shares of the information services provider's stock valued at $2,114,000 after buying an additional 105 shares in the last quarter. Consilio Wealth Advisors LLC increased its position in shares of Alphabet by 2.1% in the second quarter. Consilio Wealth Advisors LLC now owns 10,717 shares of the information services provider's stock worth $3,830,000 after acquiring an additional 225 shares in the last quarter. Turim 21 Investimentos Ltda. raised its holdings in shares of Alphabet by 30.4% during the second quarter. Turim 21 Investimentos Ltda. now owns 773 shares of the information services provider's stock valued at $276,000 after acquiring an additional 180 shares during the period. West Family Investments Inc. raised its holdings in shares of Alphabet by 1.9% during the second quarter. West Family Investments Inc. now owns 24,935 shares of the information services provider's stock valued at $8,911,000 after acquiring an additional 454 shares during the period. Finally, NewEdge Wealth LLC lifted its position in shares of Alphabet by 4.6% in the 2nd quarter. NewEdge Wealth LLC now owns 850,206 shares of the information services provider's stock valued at $303,838,000 after acquiring an additional 37,046 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wall Street Zen lowered shares of Alphabet from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Mizuho boosted their target price on shares of Alphabet from $420.00 to $460.00 and gave the company an "outperform" rating in a research note on Wednesday, May 6th. DZ Bank upgraded Alphabet to a "strong-buy" rating in a report on Thursday, July 23rd. Phillip Securities raised Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 27th. Finally, Truist Financial set a $420.00 price target on Alphabet and gave the company a "buy" rating in a report on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $420.19.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: A federal judge rejected the U.S. government’s request to force Google to sell its AdX advertising exchange, removing the immediate risk of a disruptive breakup. The ruling still requires Google to change certain ad-tech practices, but the decision preserves the structure of a highly profitable business. Google defeats US bid to force ad-tech sale
• Positive Sentiment: Berkshire Hathaway increased its Alphabet position by roughly $10 billion, with CEO Greg Abel describing Google as a significant AI player. The investment provides a high-profile vote of confidence in Alphabet’s AI capabilities and long-term growth prospects. Berkshire CEO comments on Alphabet AI investment
• Positive Sentiment: Alphabet is securing additional power for its expanding AI infrastructure. Google agreed to purchase approximately 400 megawatts of geothermal electricity from Fervo Energy for a Utah data center, while Eos Energy announced a battery-storage partnership tied to a planned $350 million West Virginia project. These agreements support data-center capacity growth and energy reliability. Google buys geothermal power from Fervo
• Positive Sentiment: Waymo expanded paid robotaxi service to Denver, San Diego and Tampa, bringing its operations to 14 U.S. cities. The rollout offers Alphabet investors evidence of increasing commercialization outside the core advertising business. Waymo expands robotaxi service
• Neutral Sentiment: Reports indicate Google may release Gemini 3.8 Flash this week, with internal testing showing improved coding performance. A stronger model could support Cloud and Workspace monetization, although the financial impact remains unproven. New Google AI model report
• Negative Sentiment: The antitrust ruling was not a complete victory: Google must implement undisclosed operational changes intended to address illegal practices and pressure on publisher ad rates. Regulatory scrutiny therefore remains a continuing risk to ad-tech economics. Federal judge declines to break up Google ad technology business
• Negative Sentiment: Investors continue to weigh Alphabet’s heavy AI infrastructure spending against uncertain returns. Competition from OpenAI and other AI providers, along with reported talent losses, could pressure Google Search and increase the cost of defending its market position. OpenAI advertising competition report

Alphabet Trading Up 0.6%

Alphabet stock opened at $337.12 on Thursday. The company's fifty day simple moving average is $349.02 and its 200-day simple moving average is $342.38. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12 month low of $224.79 and a 12 month high of $408.61. The stock has a market cap of $4.12 trillion, a P/E ratio of 16.93, a P/E/G ratio of 0.97 and a beta of 1.22.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $6.22. The business had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. As a group, sell-side analysts forecast that Alphabet Inc. will post 20.5 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's dividend payout ratio is presently 4.42%.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 82 shares of Alphabet stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $337.71, for a total transaction of $27,692.22. Following the completion of the sale, the director directly owned 18,995 shares in the company, valued at $6,414,801.45. The trade was a 0.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 451,925 shares of company stock valued at $12,371,544 in the last three months. Corporate insiders own 11.61% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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