Merit Financial Group LLC Buys 38,740 Shares of Alphabet Inc. $GOOG

Merit Financial Group LLC significantly increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 25% in the fourth quarter, purchasing an additional 38,740 shares to bring its total holdings to 193,757 shares valued at approximately $60.8 million. This move comes as Alphabet announced a major AI partnership with Anthropic, an investment that could reach $40 billion, driving a consensus “Buy” rating from analysts with a $351.73 target price. Despite recent insider selling, institutional ownership remains strong at 27.26%, reflecting confidence in Alphabet’s strategic AI initiatives and financial performance.

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