Alphabet Stock: Jaffetilchin Investment Partners LLC has increased its stake in Alphabet Inc. (NASDAQ) by 18.4% during Q3, now holding 44,614 shares valued at $7.46 million, according to the latest SEC filings.
This reflects growing institutional interest, as Alphabet continues to deliver strong earnings. Recent quarterly results showcased earnings per share (EPS) of $2.12, surpassing analysts’ expectations of $1.83.
Revenue climbed 15.1% year-over-year to $88.27 billion, cementing Alphabet’s robust position in the information services market.
In addition, Alphabet’s stock, trading near $181.97, has a 12-month high of $193.31. Institutional support remains strong, with notable increases from wealth management firms, demonstrating continued confidence in the tech giant’s prospects.
Analysts maintain a “Moderate Buy” rating, with price targets ranging as high as $220, underscoring Alphabet’s growth potential amid consistent performance across its diverse portfolio, including Google Services and Google Cloud.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult a qualified financial advisor or conduct your own research before making investment decisions.
