Reliant Investment Management LLC Buys New Holdings in Alphabet Inc. $GOOGL

Key Points

• Reliant Investment Management initiated a sizable Alphabet position in the third quarter, purchasing 46,811 shares valued at approximately $16.1 million. Alphabet now represents 5.5% of Reliant’s portfolio and is its fifth-largest holding.
• Alphabet continues to receive strong analyst support, with a consensus “Buy” rating and an average price target of $425.04. Recent quarterly results also exceeded expectations, with $119.8 billion in revenue and $9.11 in earnings per share.
• AI growth prospects are balanced by rising risks: Gemini commercialization and cloud demand support the investment case, while heavy infrastructure spending, litigation related to AI disclosures, cybersecurity concerns and recent insider selling remain potential headwinds.

Reliant Investment Management LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 46,811 shares of the information services provider's stock, valued at approximately $16,107,000. Alphabet makes up 5.5% of Reliant Investment Management LLC's investment portfolio, making the stock its 5th largest holding.

Other large investors have also made changes to their positions in the company. EMC Capital Management acquired a new position in Alphabet during the fourth quarter worth $33,000. Lifetime Wealth Management P.C. purchased a new stake in Alphabet in the 4th quarter valued at $32,000. Core Capital Management & Research inc. purchased a new stake in Alphabet in the 2nd quarter valued at $41,000. Premier Financial Group purchased a new stake in Alphabet in the 2nd quarter valued at $45,000. Finally, Graney & King LLC increased its stake in shares of Alphabet by 38.5% in the 2nd quarter. Graney & King LLC now owns 180 shares of the information services provider's stock worth $64,000 after acquiring an additional 50 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Higher analyst target: JPMorgan raised its Alphabet price target to $425 from $420 and maintained an “overweight” rating, implying substantial upside based on Alphabet’s AI, advertising and cloud prospects. Alphabet stock information
• Positive Sentiment: AI commercialization is expanding: CNN signed a multiyear AI partnership with Google, while Google launched Universal Cart in the United States, allowing users to track products across Search and Gemini. These initiatives could strengthen Gemini adoption and Google’s commerce and enterprise offerings. CNN signs AI partnership with Google
• Positive Sentiment: Gemini momentum remains a key bullish argument: Recent coverage highlights Gemini 4 Argon’s rollout, enterprise capabilities and potential to keep Alphabet competitive with OpenAI, Anthropic and Meta. Alphabet’s cash-generating advertising business and relatively reasonable valuation provide additional support for the long-term investment case. Google expands Gemini capabilities
• Neutral Sentiment: AI infrastructure demand is a double-edged sword: Alphabet is committing heavily to data centers and reportedly plans roughly $30 billion in compute spending through a SpaceX contract. The investment may support growth but increases capital-expenditure and free-cash-flow pressure. Google SpaceX compute contract
• Negative Sentiment: Litigation headlines are accumulating: Several law firms publicized a securities class action alleging misleading disclosures concerning Gemini 3.5 Pro training results. The announcements are largely duplicative, but they add reputational and potential financial risk; the lead-plaintiff deadline is December 1, 2026. Alphabet securities class action
• Negative Sentiment: Near-term technical and security concerns remain: The recent AI-led market sell-off left Alphabet testing support near its 200-day moving average around $340. Google also warned that suspected China-linked hackers could exploit a BeyondTrust software flaw, creating potential cybersecurity and customer-confidence concerns. Google warning on BeyondTrust flaw

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GOOGL shares. KeyCorp lifted their price target on Alphabet from $425.00 to $445.00 and gave the stock an "overweight" rating in a report on Friday, July 10th. Citizens Jmp reissued a "market outperform" rating and issued a $515.00 price objective on shares of Alphabet in a report on Wednesday, July 22nd. Truist Financial set a $420.00 price objective on shares of Alphabet and gave the company a "buy" rating in a report on Thursday, July 23rd. DZ Bank upgraded shares of Alphabet to a "strong-buy" rating in a research report on Thursday, July 23rd. Finally, Barclays reaffirmed an "overweight" rating and set a $425.00 target price (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $425.04.

Insider Buying and Selling

In related news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares in the company, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 420,865 shares of company stock valued at $8,293,477. 11.61% of the stock is currently owned by insiders.

Alphabet Price Performance

GOOGL stock opened at $349.22 on Friday. The business has a fifty day moving average of $344.54 and a two-hundred day moving average of $351.40. 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 stock has a market cap of $4.27 trillion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21. Alphabet Inc. has a 52-week low of $244.15 and a 52-week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The company had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. As a group, research analysts anticipate that Alphabet Inc. will post 20.54 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, September 4th. Alphabet's dividend payout ratio (DPR) is presently 4.42%.

Alphabet Company 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.

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