Janney Montgomery Scott LLC Takes Position in Alphabet Inc. $GOOG

Posted by Brian Himes on Aug 19th, 2026

Janney Montgomery Scott LLC purchased a new position in Alphabet Inc. (NASDAQ:GOOG – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,313,878 shares of the information services provider’s stock, valued at approximately $464,233,000. Alphabet comprises 0.9% of Janney Montgomery Scott LLC’s holdings, making the stock its 15th largest position.

Several other large investors also recently modified their holdings of the company. Nvest Wealth Strategies Inc. purchased a new position in Alphabet in the fourth quarter worth about $38,000. Lifetime Wealth Management P.C. bought a new stake in shares of Alphabet during the 4th quarter valued at about $38,000. Imprint Wealth LLC purchased a new stake in shares of Alphabet during the 3rd quarter valued at about $31,000. Bard Associates Inc. bought a new position in shares of Alphabet in the 4th quarter worth approximately $41,000. Finally, Towne Trust Company N.A boosted its holdings in shares of Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after buying an additional 34 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Down 0.0%

Shares of GOOG stock opened at $341.28 on Wednesday. The company has a market capitalization of $4.17 trillion, a price-to-earnings ratio of 17.14, a PEG ratio of 0.96 and a beta of 1.23. Alphabet Inc. has a one year low of $197.46 and a one year high of $404.47. The company’s fifty day moving average price is $351.27 and its 200-day moving average price is $339.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64.

Alphabet (NASDAQ:GOOG – Get Free Report) last issued its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate of $2.87 by $6.24. The company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Alphabet’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.31 EPS. Sell-side analysts expect that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm 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. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet’s payout ratio is presently 4.42%.

Analysts Set New Price Targets

GOOG has been the subject of several recent research reports. Freedom Capital upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Roth Capital lifted their price target on shares of Alphabet from $435.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Morgan Stanley cut their price objective on shares of Alphabet from $415.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. JPMorgan Chase & Co. lowered their target price on Alphabet from $460.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Finally, Zacks Research cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $415.55.

Read Our Latest Report on GOOG

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: Berkshire Hathaway’s major investment: Berkshire increased its Alphabet position by 83%, adding roughly 48 million shares worth about $17 billion. Warren Buffett said he initiated the investment, providing a high-profile endorsement of Alphabet’s valuation, search resilience and rapidly growing Google Cloud business. Berkshire Hathaway Boosted Its Alphabet Stake 83%
Positive Sentiment: AI and cloud expansion: Analysts and investors continue to highlight Alphabet’s strong AI position, including Gemini adoption, custom TPU potential and Google Cloud growth. Alphabet is also reportedly hosting Anthropic workloads, linking the company to demand for frontier AI infrastructure. Alphabet External TPU Sales Are A Likely Game Changer
Positive Sentiment: Spirit Airlines data acquisition: Google won a $10 million bankruptcy auction for anonymized Spirit Airlines business records and software to support product development and AI training. The deal is small financially but illustrates Alphabet’s efforts to secure specialized datasets, with customer personal information reportedly excluded. Google to buy Spirit Airlines business data for $10 million
Neutral Sentiment: Portfolio signals are divided: Several major funds, including David Tepper and other prominent managers, reported Alphabet purchases, but Bill Ackman, Viking Global and Altarock Partners also reduced or exited positions. Because 13F filings are backward-looking, they may influence sentiment without signaling current trading decisions. Hedge Funds Are Divided on MSFT and GOOGL
Negative Sentiment: Investor-law-firm investigation: Pomerantz LLP announced an investigation into potential claims on behalf of Alphabet investors. The notice does not establish wrongdoing, but it adds headline and litigation risk. Pomerantz Investor Alert
Negative Sentiment: Higher AI spending and debt: Alphabet is increasing bond issuance to fund data centers and AI infrastructure. The investment may support long-term growth, but heavier borrowing, supply commitments and concerns about an eventual AI-capex slowdown could pressure near-term sentiment. AI’s Half-Trillion-Dollar Borrowing Binge
Negative Sentiment: China manufacturing exit: Google plans to complete its China manufacturing withdrawal by 2027, shifting Pixel production to Vietnam and India. The move may reduce geopolitical exposure but could create transition costs and supply-chain uncertainty. Alphabet Stock Dips as Google Plans China Manufacturing Exit

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the sale, the director owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. This trade represents a 41.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value 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 disclosure for this sale is available in the SEC filing. Insiders have sold 451,945 shares of company stock valued at $12,382,714 over the last three months. Insiders own 12.99% of the company’s stock.

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.