Johnson Financial Group Inc. Has $29.55 Million Holdings in Alphabet Inc. $GOOG

Johnson Financial Group Inc. decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 8.7% in the 2nd quarter, Holdings Channel reports. The fund owned 83,622 shares of the information services provider’s stock after selling 7,921 shares during the quarter. Alphabet accounts for approximately 1.0% of Johnson Financial Group Inc.’s investment portfolio, making the stock its 12th biggest position. Johnson Financial Group Inc.’s holdings in Alphabet were worth $29,546,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GOOG. Vanguard Group Inc. raised its stake in shares of Alphabet by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock valued at $132,114,125,000 after purchasing an additional 8,128,234 shares during the period. BlackRock Inc. boosted its position in shares of Alphabet by 1.4% during the second quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock worth $130,704,718,000 after buying an additional 5,164,200 shares during the period. State Street Corp boosted its position in shares of Alphabet by 0.5% during the fourth quarter. State Street Corp now owns 187,102,863 shares of the information services provider’s stock worth $58,712,878,000 after buying an additional 953,790 shares during the period. Auto Owners Insurance Co grew its holdings in shares of Alphabet by 38,409.2% during the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock worth $5,643,262,000 after buying an additional 179,369,280 shares in the last quarter. Finally, J. Stern & Co. LLP raised its position in Alphabet by 28,482.8% in the 4th quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock valued at $35,174,429,000 after buying an additional 111,699,704 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Down 1.2%

Shares of NASDAQ:GOOG opened at $339.10 on Thursday. Alphabet Inc. has a 52-week low of $206.39 and a 52-week high of $404.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The company has a market capitalization of $4.15 trillion, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 0.96 and a beta of 1.23. The company has a 50-day simple moving average of $348.88 and a 200 day simple moving average of $339.85.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (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 firm had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. During the same quarter in the prior year, the company earned $2.31 earnings per share. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. Sell-side analysts forecast that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Phillip Securities raised Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 27th. Royal Bank Of Canada reissued a “buy” rating and issued a $475.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. Wolfe Research set a $460.00 target price on shares of Alphabet in a report on Thursday, July 23rd. Roth Capital raised their target price on shares of Alphabet from $435.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Truist Financial lowered their price target on shares of Alphabet from $430.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Alphabet has an average rating of “Buy” and a consensus price target of $415.55.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google introduced flexible billing and resource-allocation tools for Gemini Enterprise and Google Antigravity, helping businesses manage unpredictable AI spending. The initiative could reduce a key barrier to enterprise AI adoption and support Google Cloud demand. Google Launches Flexible Billing To Manage Exploding AI Costs
• Positive Sentiment: Alphabet expanded Gemini Enterprise with specialized solutions for financial-services and legal customers, including industry-specific agents, data connectors and workflow tools. The launches strengthen Google Cloud’s effort to monetize agentic AI and compete with Microsoft and Anthropic. Google Cloud Launches Gemini Enterprise for Financial Services
• Positive Sentiment: Waymo plans to test autonomous vehicles in Munich and launch driverless rides in Germany in 2027. The expansion provides a long-term growth catalyst for Alphabet’s autonomous-driving investment, although commercialization remains years away. Waymo to launch driverless rides in Germany in 2027
• Positive Sentiment: Berkshire Hathaway reportedly increased its Alphabet position by 83% to roughly $37.8 billion, making it one of Berkshire’s largest holdings. The high-profile purchase reinforces investor confidence in Alphabet’s search, cloud and AI businesses. Berkshire Hathaway increases Alphabet stake
• Neutral Sentiment: Alphabet, Microsoft and Amazon are reportedly negotiating with China’s Moonshot AI to host its Kimi K3 model, with Moonshot seeking as much as 30% of related revenue. Hosting could create cloud revenue, but the proposed revenue share and U.S.-China technology restrictions may limit the benefit. China’s Moonshot in talks over K3 revenue sharing
• Negative Sentiment: A child-safety settlement involving Meta has renewed scrutiny of how YouTube protects minors. Investors are concerned that similar requirements could expose Alphabet to substantial compliance costs or financial liabilities.
• Negative Sentiment: Broader weakness in the Nasdaq-100 and major technology stocks added selling pressure, with Alphabet identified as a significant contributor to the index’s decline. Rising server prices for systems using Nvidia AI chips could also increase Alphabet’s already heavy infrastructure spending.
• Negative Sentiment: Google’s decision to move its AI-responsibility team outside DeepMind has prompted concerns about researcher independence and the company’s ability to identify risks in increasingly capable models. Calls for tighter U.S.-China AI rules add another layer of regulatory uncertainty.

Insider Activity at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 451,945 shares of company stock worth $12,382,714. 12.99% of the stock is owned by corporate insiders.

Alphabet Company Profile

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.