Alphabet Inc. $GOOGL Stock Acquired by Wedmont Private Capital

Wedmont Private Capital grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 9.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 159,467 shares of the information services provider’s stock after buying an additional 13,102 shares during the quarter. Alphabet accounts for 1.3% of Wedmont Private Capital’s portfolio, making the stock its 14th largest position. Wedmont Private Capital’s holdings in Alphabet were worth $55,541,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Alphabet by 5.6% in the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock worth $85,403,303,000 after purchasing an additional 12,718,127 shares during the last quarter. Invesco Ltd. increased its holdings in Alphabet by 0.5% in the 4th quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider’s stock worth $14,208,470,000 after buying an additional 208,362 shares in the last quarter. Amundi raised its position in Alphabet by 4.6% in the 2nd quarter. Amundi now owns 33,203,350 shares of the information services provider’s stock worth $11,865,809,000 after buying an additional 1,457,371 shares during the last quarter. Nuveen LLC boosted its holdings in shares of Alphabet by 1.7% during the 4th quarter. Nuveen LLC now owns 29,166,806 shares of the information services provider’s stock valued at $9,129,210,000 after acquiring an additional 478,848 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Alphabet by 10.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider’s stock worth $6,334,186,000 after acquiring an additional 1,631,721 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet unveiled Gemini Agent, an AI system designed to complete multistep tasks across Gmail, Docs, Sheets, Calendar and third-party platforms such as Microsoft 365, Salesforce Slack, Jira and Snowflake. The enterprise focus could support Google Cloud growth and create new Workspace monetization opportunities. Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
• Positive Sentiment: TD Cowen raised its Alphabet price target to $485 while maintaining a Buy rating after the Gemini Agent announcement. Other coverage continues to be broadly bullish, with analysts citing Alphabet’s valuation, advertising business, cloud expansion and AI potential. Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
• Positive Sentiment: Employees are reportedly testing Gemini 4 Carbon, a newer internal model that could improve Alphabet’s competitiveness against OpenAI and Anthropic if it delivers better performance. The report is speculative, but it reinforces expectations for continued AI investment. Google is about to roll out a new AI model
• Positive Sentiment: Alphabet’s reported roughly $13 billion Nordic AI data-center investment highlights access to reliable, lower-cost power and could help address U.S. permitting and grid constraints, though the spending also raises capital-intensity concerns. Google’s $13 Billion Nordic Bet

Alphabet Trading Up 1.0%

GOOGL stock opened at $351.66 on Friday. Alphabet Inc. has a twelve month low of $235.84 and a twelve month high of $408.61. The stock has a market capitalization of $4.30 trillion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The firm’s fifty day simple moving average is $345.90 and its two-hundred day simple moving average is $349.18.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $6.22. The firm had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. As a group, analysts anticipate that Alphabet Inc. will post 20.55 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is currently 4.42%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $450.00 price objective on shares of Alphabet in a research report on Thursday. Citizens Jmp reissued a “market outperform” rating and issued a $515.00 price objective on shares of Alphabet in a research note on Wednesday, July 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research note on Friday, July 17th. Zacks Research lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, UBS Group reduced their price target on shares of Alphabet from $400.00 to $379.00 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Buy” and an average price target of $425.72.

Insider Activity

In other news, Director Frances Arnold sold 83 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the sale, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 441,399 shares of company stock valued at $8,677,053. 11.61% of the stock is currently owned by insiders.

Alphabet Profile

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.