Jennison Associates LLC Grows Position in Alphabet Inc. $GOOGL

Jennison Associates LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 14.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 21,851,279 shares of the information services provider’s stock after acquiring an additional 2,729,364 shares during the period. Alphabet comprises 4.1% of Jennison Associates LLC’s portfolio, making the stock its 6th biggest position. Jennison Associates LLC’s holdings in Alphabet were worth $6,839,450,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Cannon Capital Management Inc. acquired a new position in shares of Alphabet during the 4th quarter worth approximately $370,000. Heritage Investment Group Inc. increased its position in shares of Alphabet by 7.9% during the 4th quarter. Heritage Investment Group Inc. now owns 3,460 shares of the information services provider’s stock worth $1,083,000 after purchasing an additional 254 shares during the last quarter. Wagner Wealth Management LLC increased its position in shares of Alphabet by 40.5% during the 4th quarter. Wagner Wealth Management LLC now owns 1,229 shares of the information services provider’s stock worth $385,000 after purchasing an additional 354 shares during the last quarter. Canandaigua National Trust Co of Florida increased its position in shares of Alphabet by 39.1% during the 4th quarter. Canandaigua National Trust Co of Florida now owns 7,861 shares of the information services provider’s stock worth $2,460,000 after purchasing an additional 2,210 shares during the last quarter. Finally, Oakwell Private Wealth Management LLC increased its position in shares of Alphabet by 7.6% during the 4th quarter. Oakwell Private Wealth Management LLC now owns 9,058 shares of the information services provider’s stock worth $2,835,000 after purchasing an additional 642 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 0.0%

Shares of GOOGL stock opened at $396.94 on Tuesday. The firm has a 50 day moving average price of $331.22 and a two-hundred day moving average price of $318.52. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.81 trillion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 1.70 and a beta of 1.26. Alphabet Inc. has a 12-month low of $162.00 and a 12-month high of $408.61.

Alphabet (NASDAQ:GOOGL) 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 analysts’ consensus estimates of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.98 billion. As a group, analysts predict that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s payout ratio is currently 6.41%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google and Blackstone reportedly plan to launch a new AI cloud company, a move that could expand demand for Alphabet’s specialized chips and deepen its presence in enterprise AI infrastructure. Google, Blackstone to create new AI cloud company, WSJ reports
• Positive Sentiment: Alphabet is heading into Google I/O with expectations for major AI announcements, and analysts are watching for updates on Gemini, agentic commerce, and in-house TPU chips that could strengthen its competitive position. Google I/O primer: Alphabet’s AI showcase is its chance to wow Wall Street
• Positive Sentiment: Arete Research raised its price target on Alphabet to $425 from $405 and kept a buy rating, signaling continued upside confidence from analysts. Arete Research adjusts price target on Alphabet to $425 from $405
• Positive Sentiment: Multiple articles highlighted Alphabet’s strong momentum this year, with AI demand, cloud growth, and Berkshire Hathaway’s much larger stake helping validate the bullish case. Read More.
• Neutral Sentiment: Alphabet disclosed insider-share sales by a major shareholder, but the transactions appear routine and were reported through standard SEC filings. SEC filing
• Negative Sentiment: Alphabet also faces ongoing headline risk from its YouTube youth-safety settlement and broader scrutiny around AI and platform responsibility, though these issues look secondary to the company’s current AI-driven optimism. Alphabet’s $5 Trillion Milestone: How AI Ambitions Are Fueling Google’s Record Run

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total value of $348,232.50. Following the transaction, the director directly owned 3,581 shares of the company’s stock, valued at $1,187,638.65. This represents a 22.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 955 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total value of $284,590.00. Following the completion of the transaction, the chief accounting officer directly owned 9,918 shares in the company, valued at approximately $2,955,564. This represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 257,931 shares of company stock worth $36,886,538. 11.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Phillip Securities boosted their price target on Alphabet from $340.00 to $395.00 and gave the stock a “moderate buy” rating in a research report on Wednesday, April 15th. UBS Group set a $410.00 price target on Alphabet and gave the stock a “neutral” rating in a research report on Thursday, April 30th. BMO Capital Markets boosted their price target on Alphabet from $410.00 to $435.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Argus boosted their price target on Alphabet from $365.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, Robert W. Baird boosted their price target on Alphabet from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $411.23.

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.