Alphabet Inc. $GOOGL Stock: Redmond Asset Management LLC Trims Holdings

Key Points

• Redmond Asset Management cut its Alphabet stake by 7.5% in the third quarter, selling 3,075 shares; Alphabet remained its largest holding, worth about $13.0 million.
• Alphabet reported quarterly EPS of $2.12, below the $3.02 consensus estimate, while revenue of $127.58 billion also slightly missed expectations.
• Analyst sentiment remained positive, with a consensus “Buy” rating and an average price target of $412.51, compared with shares trading at $284.78 in the article.

Redmond Asset Management LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,863 shares of the information services provider's stock after selling 3,075 shares during the period. Alphabet makes up approximately 3.9% of Redmond Asset Management LLC's portfolio, making the stock its biggest position. Redmond Asset Management LLC's holdings in Alphabet were worth $13,028,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. State Street Corp grew its stake in Alphabet by 5.6% in the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock valued at $85,403,303,000 after acquiring an additional 12,718,127 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Alphabet by 90.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider's stock worth $4,900,078,000 after purchasing an additional 8,112,680 shares during the period. Amundi raised its position in shares of Alphabet by 12.7% during the first quarter. Amundi now owns 31,745,979 shares of the information services provider's stock worth $9,128,850,000 after purchasing an additional 3,574,810 shares during the period. Jupiter Topco LLC acquired a new position in shares of Alphabet during the second quarter worth approximately $1,058,385,000. Finally, Nykredit A S bought a new position in shares of Alphabet in the 2nd quarter worth $1,004,749,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Up 0.8%

Shares of GOOGL stock traded up $2.21 during trading hours on Friday, reaching $284.78. The company had a trading volume of 36,267,172 shares, compared to its average volume of 34,149,032. Alphabet Inc. has a 12 month low of $270.70 and a 12 month high of $408.61. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.69. The business has a fifty day simple moving average of $332.93 and a 200-day simple moving average of $338.97. The company has a market cap of $3.48 trillion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 0.84 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.02 by ($0.90). The company had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.96 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. On average, research analysts expect that Alphabet Inc. will post 19.86 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, December 7th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, December 7th. Alphabet's payout ratio is currently 4.59%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is acquiring a Wyoming data-center site from Crusoe as it expands capacity for AI workloads. The purchase supports Alphabet’s push to secure infrastructure it might otherwise lease; a broader Wyoming project has been reported at about $17 billion, with Google saying it will cover the facility’s power costs. Reuters article
• Positive Sentiment: Alphabet’s Wing plans to invest up to $125 million over two years in a Fort Worth manufacturing facility capable of producing tens of thousands of delivery drones annually. The investment could help scale Wing’s commercial operations, though it requires substantial upfront spending. Wall Street Journal article
• Neutral Sentiment: Google plans to double prices for paid input, output and context-caching on its Gemini 3.8 and 3.6 Flash APIs starting January 1, 2027. Higher pricing could improve monetization, but its effect on customer demand is uncertain. Yahoo Finance article
• Negative Sentiment: Alphabet faces renewed investor scrutiny over a securities class action alleging misleading statements during May–July 2026. The claims are allegations, not findings, but could add legal and reputational risk; multiple law-firm notices largely repeat the same case. PR Newswire article
• Negative Sentiment: Investors remain concerned about uncertainty around data-center regulation and the scale of AI capital spending. A separate lawsuit also alleges safety harms involving Google’s AI on a school Chromebook, adding potential reputational and legal exposure. Reuters article

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the transaction, the director directly owned 19,076 shares of the company's stock, valued at $6,494,424.20. The trade was a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 247 shares of company stock worth $79,238. 11.61% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on GOOGL shares. Citigroup reduced their price target on shares of Alphabet from $447.00 to $375.00 and set a "buy" rating for the company in a research report on Friday, October 30th. Roth Capital restated a "buy" rating and set a $440.00 price objective (up from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Tigress Financial restated a "strong-buy" rating and set a $485.00 price objective (up from $415.00) on shares of Alphabet in a report on Thursday, September 17th. Evercore reaffirmed an "outperform" rating and issued a $450.00 price objective on shares of Alphabet in a research note on Wednesday, September 16th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $385.00 price objective on shares of Alphabet in a report on Thursday, October 29th. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $412.51.

Alphabet Profile

Alphabet Inc is a technology holding company whose largest business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company reorganized its businesses under the holding-company structure in 2015.

Google's products and services include Search, YouTube, Android, Chrome, Google Maps, Google Play and Google Cloud. The company also generates revenue from digital advertising and offers devices, subscriptions and artificial intelligence products and services.

Alphabet serves consumers, businesses and organizations around the world.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.