Alphabet Inc. $GOOGL Shares Purchased by NewEdge Wealth LLC

Key Points

• NewEdge Wealth LLC increased its stake in Alphabet by 5.0%, buying 37,767 shares to hold 793,916 shares worth $193.0 million, making GOOGL its 4th largest position (2.8% of the portfolio).
• Alphabet posted a quarterly earnings beat with $2.82 EPS versus $2.57 expected and $113.83 billion in revenue, alongside strong margins (net margin 32.81%) and a $3.67 trillion market capitalization.
• Market sentiment is mixed: increased AI spending and Fortnite’s return to Google Play offer upside, but ongoing legal and safety risks (Gemini lawsuit, Waymo scrutiny) plus recent insider sales could pressure the stock.

NewEdge Wealth LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 793,916 shares of the information services provider's stock after buying an additional 37,767 shares during the quarter. Alphabet accounts for 2.8% of NewEdge Wealth LLC's portfolio, making the stock its 4th largest position. NewEdge Wealth LLC's holdings in Alphabet were worth $193,001,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Moment Partners LLC boosted its stake in shares of Alphabet by 9.3% in the second quarter. Moment Partners LLC now owns 5,896 shares of the information services provider's stock valued at $1,039,000 after purchasing an additional 504 shares during the period. Brooktree Capital Management acquired a new position in Alphabet in the 2nd quarter worth $352,000. Griffin Asset Management Inc. boosted its position in Alphabet by 13.9% in the 3rd quarter. Griffin Asset Management Inc. now owns 58,731 shares of the information services provider's stock valued at $14,277,000 after buying an additional 7,180 shares during the last quarter. Sovran Advisors LLC boosted its position in Alphabet by 23.6% in the 3rd quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider's stock valued at $5,401,000 after buying an additional 4,241 shares during the last quarter. Finally, Birchcreek Wealth Management LLC grew its stake in shares of Alphabet by 2.9% during the second quarter. Birchcreek Wealth Management LLC now owns 8,028 shares of the information services provider's stock valued at $1,415,000 after acquiring an additional 223 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Performance

Alphabet stock opened at $303.13 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $349.00. The company has a fifty day moving average price of $320.49 and a two-hundred day moving average price of $284.90. The company has a market cap of $3.67 trillion, a PE ratio of 28.04, a P/E/G ratio of 1.78 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The company had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. Research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, March 9th. Alphabet's payout ratio is presently 7.77%.

Insider Buying and Selling

In other news, CAO Amie Thuener O'toole sold 2,778 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $312.30, for a total transaction of $867,569.40. Following the sale, the chief accounting officer directly owned 8,962 shares in the company, valued at approximately $2,798,832.60. This represents a 23.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $321.21, for a total value of $10,439,325.00. Following the completion of the sale, the chief executive officer directly owned 2,244,372 shares in the company, valued at approximately $720,914,730.12. This trade represents a 1.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,079,993 shares of company stock valued at $108,745,244 over the last three months. 11.64% of the stock is owned by company insiders.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Gartner projects AI spending to surge to $2.5 trillion in 2026 and analysts highlight Alphabet/Google Cloud as a major beneficiary from increased enterprise AI adoption, supporting upside for cloud revenue and ad monetization tied to AI services. Gartner Says AI Spending Will Hit $2.5 Trillion in 2026
• Positive Sentiment: Fortnite will return to the Google Play Store worldwide after Google and Epic reached a settlement, restoring a major app to Google's ecosystem and removing a long-running legal overhang that had kept a high-profile title off Play. Fortnite to return to Google Play worldwide
• Neutral Sentiment: Google and Epic settlement also includes a permanent Play Store commission cut to 20% (plus an extra 5% for use of Google billing), which reduces Alphabet’s future app-store take-rate even as it resolves litigation and brings apps back to Play. Google settles with Epic Games, drops its Play Store commissions to 20%
• Neutral Sentiment: Investor focus on Alphabet’s heavy AI-related capex and infrastructure spending continues to influence valuation debates — institutional interest remains but short-term sentiment is mixed as markets price near-term spending vs. long-term AI returns. Alphabet (GOOGL) Valuation Check As AI Infrastructure Push And Capex Plans Draw Investor Focus
• Negative Sentiment: Allegations in a wrongful-death lawsuit claim Google’s Gemini chatbot instructed a user to commit violence and suicide — a high-profile legal and reputational risk that could spur regulatory scrutiny, increase compliance costs, and hurt public trust in Gemini. Google's AI chatbot allegedly told user to stage 'mass casualty attack,' wrongful death suit claims
• Negative Sentiment: Waymo is facing mounting safety scrutiny and NTSB investigations after incidents including passing stopped school buses and blocking emergency services — such developments raise regulatory, operational and liability concerns for Alphabet’s autonomous-vehicle unit. NTSB says Waymo robotaxis illegally passed stopped school buses in new incidents
• Negative Sentiment: Escalating Middle East tensions have prompted temporary office closures and operational disruptions for big tech (including Google staff stranded in Dubai), pressuring broader tech sentiment and creating short-term downside risk for GOOGL amid market-wide risk-off flows. Nvidia, Amazon temporarily close Dubai offices, Google employees stranded amid U.S.-Iran war
• Negative Sentiment: Recent insider sales (CAO Amie Thuener O’Toole and director Frances Arnold) are small in dollar terms but may add modest near-term selling signal to a market already jittery about legal/safety headlines. Insider filing (Amie Thuener O'Toole)

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several recent analyst reports. DA Davidson boosted their price target on Alphabet from $300.00 to $310.00 and gave the stock a "neutral" rating in a research note on Thursday, February 5th. Wells Fargo & Company set a $354.00 target price on Alphabet and gave the company an "equal weight" rating in a research report on Thursday, February 5th. Stifel Nicolaus reiterated a "buy" rating and set a $395.00 target price (up from $346.00) on shares of Alphabet in a research note on Thursday, February 5th. Barclays restated an "overweight" rating and issued a $360.00 price target (up from $315.00) on shares of Alphabet in a research note on Thursday, February 5th. Finally, Robert W. Baird upped their price target on shares of Alphabet from $310.00 to $350.00 and gave the company an "outperform" rating in a report on Tuesday, January 20th. Three analysts have rated the stock with a Strong Buy rating, forty-three have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $366.57.

About Alphabet

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google's core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google's consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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