Jackson Square Capital LLC Buys 10,270 Shares of Alphabet Inc. $GOOGL

Jackson Square Capital LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 12.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,909 shares of the information services provider’s stock after purchasing an additional 10,270 shares during the quarter. Alphabet accounts for approximately 5.0% of Jackson Square Capital LLC’s holdings, making the stock its 4th largest holding. Jackson Square Capital LLC’s holdings in Alphabet were worth $33,000,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GOOGL. Strategic Wealth Advisors LLC grew its holdings in shares of Alphabet by 6.0% during the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider’s stock worth $137,000 after buying an additional 27 shares in the last quarter. Rockbridge Investment Management LCC lifted its stake in Alphabet by 0.5% in 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 acquiring an additional 27 shares in the last quarter. Ruggaard & Associates LLC lifted its stake in Alphabet by 0.9% in the 1st quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider’s stock valued at $840,000 after acquiring an additional 27 shares in the last quarter. Cadia Private Client LLC boosted its position 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 acquiring an additional 28 shares during the last quarter. Finally, Evansbrook LLC boosted its position in Alphabet by 0.3% during the 1st quarter. Evansbrook LLC now owns 9,522 shares of the information services provider’s stock worth $2,738,000 after acquiring an additional 28 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Frances Arnold sold 83 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following 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 disclosure for this sale is available in the SEC filing. Insiders have sold 315,765 shares of company stock worth $6,297,980 in the last 90 days. Company insiders own 11.61% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud and AI demand remain key bullish factors. Coverage highlights accelerating Google Cloud growth, expanding demand for AI infrastructure, and Alphabet’s Gemini models and in-house chips as potential drivers of future revenue and margins. OpenAI’s decision to make its models available through Google Cloud could also increase enterprise cloud usage. OpenAI to bring AI models to Google’s cloud
• Positive Sentiment: Some analysts see substantial upside. Bullish commentary points to strong search and cloud fundamentals, a lower valuation than many large technology peers, and potential upside if Alphabet demonstrates that AI spending is translating into durable growth. TikTok’s reported shift of advertising toward YouTube may provide an additional, though smaller, benefit. Alphabet could still have room to run
• Positive Sentiment: Citizens JMP maintained an outperform rating. The firm lowered its price target from $515 to $450, but the revised target still implies considerable potential appreciation from current levels. Banking giant cuts Google stock price target

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GOOGL shares. Barclays reissued an “overweight” rating and issued a $425.00 price objective (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. DA Davidson set a $350.00 price objective on shares of Alphabet and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Tigress Financial reiterated a “strong-buy” rating and set a $485.00 target price (up from $415.00) on shares of Alphabet in a report on Thursday, September 17th. UBS Group restated a “neutral” rating and issued a $380.00 price target (up from $379.00) on shares of Alphabet in a research note on Wednesday, October 14th. Finally, Phillip Securities raised Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 27th. Five research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $425.04.

Alphabet Trading Down 3.1%

Shares of NASDAQ:GOOGL opened at $324.22 on Friday. Alphabet Inc. has a 12-month low of $251.85 and a 12-month high of $408.61. The stock has a market cap of $3.97 trillion, a PE ratio of 16.28, a P/E/G ratio of 0.97 and a beta of 1.21. The business has a 50 day moving average of $343.31 and a 200-day moving average of $353.04. 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 (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The business had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. As a group, equities research analysts forecast that Alphabet Inc. will post 20.60 earnings per share for the current year.

Alphabet Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.