Institutional Investors Boost Google Stock Holdings Ahead of Earnings Call

Institutional investors have significantly increased their holdings in Google stock prior to Alphabet's earnings call on April 29. According to NS3.AI, JPMorgan acquired 7.9 million shares, raising its total stake to 99.53 million shares valued at $24.24 billion. Other investment funds also expanded their exposure, with Mercer Global Advisors boosting its holdings by 208% and AllianceBernstein LP increasing its position by 5.8%, totaling over 40 million shares worth nearly $9.75 billion. During this period, Google's stock price rose from $273 at the end of March to $339 by mid-April.