Wed Sep 25 08:42:53 UTC 2024: ## Gryphon Financial Partners Increases Alphabet Stake, Institutional Investors Show Interest

**New York, NY – September 25th, 2024** – Gryphon Financial Partners LLC boosted its stake in Alphabet Inc. (GOOGL) by 8.6% during the second quarter, according to a recent SEC filing. The firm now owns 39,727 shares of the information services provider, representing approximately 1.1% of their total holdings.

The move follows a trend of institutional investors showing significant interest in Alphabet. Nebula Research & Development LLC purchased a new position in the fourth quarter, while New Hampshire Trust increased its stake by 2.7% in the second quarter. Other notable investors include Berkshire Money Management Inc., Schneider Downs Wealth Management Advisors LP, and Johnson Financial Group Inc., all of whom have acquired or expanded their positions in Alphabet recently. Overall, institutional investors own 40.03% of the company’s stock.

Several equity research analysts have also expressed bullish sentiment toward Alphabet. TD Securities, JPMorgan Chase & Co., Wolfe Research, BMO Capital Markets, and Jefferies Financial Group have all recently raised their price targets for the company’s stock.

Despite this positive outlook, Alphabet’s stock opened at $162.29 on Wednesday, below its 50-day and 200-day moving averages. The company reported strong earnings in the second quarter, exceeding analyst expectations. Alphabet currently has a market capitalization of $2.01 trillion and a consensus target price of $201.08.

While insider trading activity has seen some selling, the majority of insiders hold a substantial stake in the company, suggesting confidence in Alphabet’s future prospects.

Alphabet Inc. is a leading provider of technology products and services, including advertising, search, cloud computing, and mobile operating systems. The company operates through various segments, including Google Services, Google Cloud, and Other Bets.

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