Alphabet Inc. $GOOGL Shares Bought by Congress Asset Management Co.

Congress Asset Management Co. grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 21.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,235,195 shares of the information services provider’s stock after purchasing an additional 215,004 shares during the quarter. Alphabet makes up about 2.7% of Congress Asset Management Co.’s investment portfolio, making the stock its 4th biggest position. Congress Asset Management Co.’s holdings in Alphabet were worth $425,006,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GOOGL. State Street Corp increased its stake in Alphabet by 5.6% in the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock valued at $85,403,303,000 after purchasing an additional 12,718,127 shares during the last quarter. Invesco Ltd. boosted its stake in Alphabet by 0.5% in the 4th quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider’s stock worth $14,208,470,000 after buying an additional 208,362 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Alphabet by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 38,106,033 shares of the information services provider’s stock worth $11,927,189,000 after buying an additional 583,078 shares during the last quarter. Amundi grew its holdings in Alphabet by 4.6% in the 2nd quarter. Amundi now owns 33,203,350 shares of the information services provider’s stock valued at $11,865,809,000 after buying an additional 1,457,371 shares during the period. Finally, Nuveen LLC grew its holdings in Alphabet by 1.7% in the 4th quarter. Nuveen LLC now owns 29,166,806 shares of the information services provider’s stock valued at $9,129,210,000 after buying an additional 478,848 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

More 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

Alphabet Trading Up 0.3%

Shares of Alphabet stock traded up $1.21 during trading hours on Tuesday, reaching $347.68. The stock had a trading volume of 18,384,772 shares, compared to its average volume of 30,859,324. The firm has a market capitalization of $4.25 trillion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 0.99 and a beta of 1.21. Alphabet Inc. has a 1 year low of $235.84 and a 1 year 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. The firm has a 50 day simple moving average of $345.14 and a two-hundred day simple moving average of $348.25.

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, topping analysts’ consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. 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 disclosed a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, September 4th. Alphabet’s payout ratio is currently 4.42%.

Insiders Place Their Bets

In other news, CAO Marsida Saraci sold 449 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares of the company’s stock, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of 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 SEC filing for this sale provides additional information. Insiders sold a total of 441,399 shares of company stock worth $8,677,053 over the last ninety days. 11.61% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on GOOGL. Pivotal Research reaffirmed a “buy” rating and set a $475.00 price objective (up from $470.00) on shares of Alphabet in a research note on Thursday, July 23rd. Benchmark reissued a “buy” rating on shares of Alphabet in a research report on Thursday, October 1st. Piper Sandler boosted their target price on shares of Alphabet from $395.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, September 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $410.00 price target on shares of Alphabet in a research report on Thursday, September 3rd. Finally, Truist Financial set a $420.00 price target on shares of Alphabet and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Five analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and an average price target of $425.72.

About Alphabet

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.