JLB & Associates Inc. Purchases New Position in Alphabet Inc. $GOOG

Posted by George Bondi on Aug 25th, 2026

JLB & Associates Inc. purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) in the second quarter, Holdings Channel.com reports. The firm purchased 53,802 shares of the information services provider’s stock, valued at approximately $19,010,000. Alphabet accounts for about 2.5% of JLB & Associates Inc.’s holdings, making the stock its 15th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOG. Gould Capital LLC raised its stake in shares of Alphabet by 0.9% in the second quarter. Gould Capital LLC now owns 9,839 shares of the information services provider’s stock worth $3,477,000 after purchasing an additional 85 shares during the last quarter. Harborfront Financial Group LLC purchased a new position in shares of Alphabet during the second quarter valued at approximately $89,000. Pension & Wealth Management Advisors Inc. boosted its position in shares of Alphabet by 5.4% during the second quarter. Pension & Wealth Management Advisors Inc. now owns 2,827 shares of the information services provider’s stock valued at $999,000 after buying an additional 144 shares during the last quarter. Graney & King LLC grew its holdings in Alphabet by 6.3% during the second quarter. Graney & King LLC now owns 956 shares of the information services provider’s stock worth $338,000 after buying an additional 57 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in Alphabet by 2.9% during the second quarter. Citizens Financial Group Inc. RI now owns 256,623 shares of the information services provider’s stock worth $90,673,000 after buying an additional 7,169 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: Google is expanding Gemini’s commercial reach by allowing Wix users to create complete websites within Google’s AI assistant. The move could increase Gemini engagement and strengthen Alphabet’s position in generative AI applications. Google Is Turning Gemini Into a Website Builder
Positive Sentiment: Google Cloud entered an enterprise AI partnership with Verizon, supporting Alphabet’s efforts to monetize AI infrastructure and services with large corporate customers. Alphabet’s Google Cloud Enters Enterprise AI Partnership With Verizon
Positive Sentiment: Investment commentary remains constructive on Alphabet’s sustainable growth outlook, citing its competitive advantages, strong profitability, revenue momentum and expanding cloud business. Alphabet’s Sustainable Growth Outlook Appears Stronger Than Expectations
Positive Sentiment: Google reportedly plans to move all Pixel manufacturing out of China by 2027, shifting production toward Vietnam and India. The change could diversify supply chains and reduce geopolitical exposure, although transition costs remain possible. Google Plans to Move Pixel Manufacturing Out of China
Neutral Sentiment: Alphabet was among the technology and social-media stocks showing strength, reflecting broader sector momentum rather than a company-specific catalyst. Social-Media Trade Splits
Neutral Sentiment: Investors are watching a recently announced Google agreement with Marvell, which could provide additional insight into Alphabet’s AI hardware and data-center requirements when Marvell reports earnings. Marvell Earnings and Google Agreement
Negative Sentiment: Analysts flagged negative free cash flow as a concern because Alphabet’s AI leadership requires heavy spending on data centers, chips and infrastructure. A potential $25 billion bond offering and reported off-balance-sheet commitments are also prompting capital-allocation questions. Alphabet Opinions on AI Advancements and Bond Offering
Negative Sentiment: A delay in the next Gemini Pro release could leave Alphabet without a new flagship model tier in the near term, raising concerns about AI product execution and competitive pressure. Gemini Pro Delay

Insider Activity at Alphabet

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. The trade was 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 through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $368.63, for a total transaction of $387,061.50. Following the transaction, the director directly owned 1,481 shares of the company’s stock, valued at $545,941.03. This represents a 41.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 451,945 shares of company stock worth $12,382,714 in the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Pivotal Research raised their price objective on Alphabet from $470.00 to $475.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Wolfe Research set a $460.00 target price on shares of Alphabet in a research note on Thursday, July 23rd. Citigroup reiterated a “market outperform” rating on shares of Alphabet in a report on Friday, August 14th. DZ Bank upgraded shares of Alphabet to a “strong-buy” rating in a report on Thursday, July 23rd. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $400.00 price objective (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Alphabet presently has a consensus rating of “Buy” and a consensus target price of $415.55.

Get Our Latest Research Report on Alphabet

Alphabet Stock Up 0.8%

GOOG stock opened at $344.59 on Tuesday. The stock’s fifty day simple moving average is $349.89 and its two-hundred day simple moving average is $339.72. 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 Inc. has a 1-year low of $205.95 and a 1-year high of $404.47. The stock has a market cap of $4.21 trillion, a P/E ratio of 17.31, a P/E/G ratio of 0.96 and a beta of 1.23.

Alphabet (NASDAQ:GOOG – Get Free Report) last announced its earnings results 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 during the quarter, compared to analyst estimates of $116.53 billion. During the same period last year, the firm posted $2.31 EPS. The business’s revenue was up 24.2% compared to the same quarter last year. Analysts expect that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Dividend Announcement

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

Alphabet Company Profile

(Free Report)

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.