Congress Asset Management Co. Buys 215,004 Shares of Alphabet Inc. $GOOGL

Congress Asset Management Co. boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 21.1% in the third quarter, Holdings Channel reports. The fund owned 1,235,195 shares of the information services provider’s stock after buying an additional 215,004 shares during the quarter. Alphabet makes up about 2.7% of Congress Asset Management Co.’s holdings, making the stock its 4th biggest holding. Congress Asset Management Co.’s holdings in Alphabet were worth $425,006,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Strategic Wealth Advisors LLC boosted its stake in shares of Alphabet by 6.0% in the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider’s stock valued at $137,000 after purchasing an additional 27 shares during the period. Rockbridge Investment Management LCC grew its holdings in Alphabet by 0.5% during the 1st quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider’s stock valued at $1,570,000 after purchasing an additional 27 shares in the last quarter. Ruggaard & Associates LLC increased its stake in Alphabet by 0.9% during the 1st quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider’s stock worth $840,000 after buying an additional 27 shares during the period. Cadia Private Client LLC increased its stake in Alphabet by 1.1% during the 1st quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider’s stock worth $744,000 after buying an additional 28 shares during the period. Finally, Evansbrook LLC lifted its holdings in Alphabet by 0.3% in the 1st quarter. Evansbrook LLC now owns 9,522 shares of the information services provider’s stock worth $2,738,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google signed long-term agreements with Constellation Energy for approximately 3,590 megawatts of nuclear power, including 890 megawatts of additional capacity and 2,700 megawatts from existing plants. The 20-year and 15-year contracts should help secure reliable electricity for Alphabet’s expanding AI data centers, reducing power-supply risk. The deal also underscores the scale and durability of AI infrastructure demand. Google and Constellation Energy Strike 3.59-GW Power Deal
• Positive Sentiment: Recent coverage remains constructive on Alphabet’s fundamentals. Google Search revenue reportedly grew 17% in the second quarter while the company added AI-generated answers, and Google Cloud revenue growth of 82% is reinforcing the view that Alphabet can monetize AI through advertising, cloud services and subscriptions. Analysts also point to Alphabet’s valuation and history of exceeding earnings expectations as potential support for the shares. Why Investors Like Alphabet Despite AI Search Threats
• Neutral Sentiment: Alphabet was included in a new actively managed ETF offering exposure to private AI companies OpenAI and Anthropic, alongside Alphabet, Meta, NVIDIA and SpaceX. The inclusion highlights Alphabet’s status as a major AI platform, but it does not directly affect the company’s earnings or cash flow. MN ETF Seeks Exposure to OpenAI and Anthropic
• Negative Sentiment: Multiple law firms are promoting a securities class action covering investors who purchased Alphabet shares between May 19 and July 16, 2026. The allegations reportedly involve disclosures about the development and timing of the Gemini 3.5 Pro model. Separate legal risks include a U.K. consumer claim over Play Store fees and a potential $3.2 billion ad-tech damages case. While the lawsuits’ financial impact remains uncertain, they add regulatory, reputational and litigation overhang. Alphabet Securities Class Action Notice

Insider Activity at Alphabet

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Frances Arnold sold 83 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the transaction, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 441,399 shares of company stock valued at $8,677,053 over the last three months. 11.61% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on GOOGL. Benchmark reissued a “buy” rating on shares of Alphabet in a research report on Thursday, October 1st. Morgan Stanley set a $400.00 target price on Alphabet and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Rosenblatt Securities reiterated a “buy” rating and issued a $410.00 price target on shares of Alphabet in a research note on Thursday, September 3rd. BMO Capital Markets set a $465.00 price target on Alphabet and gave the company an “outperform” rating in a report on Thursday, July 23rd. Finally, Truist Financial set a $420.00 price objective on Alphabet and gave the company a “buy” rating in a research note on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $425.72.

Alphabet Stock Up 0.3%

GOOGL stock traded up $1.21 during mid-day trading on Tuesday, hitting $347.68. 18,384,772 shares of the company were exchanged, compared to its average volume of 30,859,324. The firm has a fifty day simple moving average of $345.14 and a 200 day simple moving average of $348.25. The company has a market capitalization of $4.25 trillion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21. Alphabet Inc. has a twelve month low of $235.84 and a twelve month high of $408.61. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, research analysts forecast that Alphabet Inc. will post 20.55 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, September 4th. Alphabet’s payout ratio is currently 4.42%.

Alphabet Company Profile

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.