39,693 Alphabet Inc. $GOOG Shares Bought by Wedmont Private Capital

Wedmont Private Capital increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 28.9% during the third quarter, HoldingsChannel reports. The fund owned 176,999 shares of the information services provider’s stock after buying an additional 39,693 shares during the quarter. Alphabet comprises about 1.4% of Wedmont Private Capital’s portfolio, making the stock its 13th largest holding. Wedmont Private Capital’s holdings in Alphabet were worth $61,040,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Alphabet by 1.4% during the second quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock valued at $130,704,718,000 after purchasing an additional 5,164,200 shares in the last quarter. State Street Corp increased its stake in shares of Alphabet by 2.8% in the second quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock valued at $67,458,980,000 after buying an additional 5,208,690 shares during the period. Janus Henderson Group PLC increased its stake in shares of Alphabet by 2.1% in the fourth quarter. Janus Henderson Group PLC now owns 24,595,622 shares of the information services provider’s stock valued at $7,693,281,000 after buying an additional 508,718 shares during the period. Invesco Ltd. raised its holdings in Alphabet by 2.4% in the 4th quarter. Invesco Ltd. now owns 22,048,456 shares of the information services provider’s stock valued at $6,918,805,000 after buying an additional 517,108 shares during the last quarter. Finally, Amundi raised its holdings in Alphabet by 22.9% in the 1st quarter. Amundi now owns 21,922,379 shares of the information services provider’s stock valued at $6,288,654,000 after buying an additional 4,083,758 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

GOOG has been the topic of a number of research reports. UBS Group reissued an “overweight” rating on shares of Alphabet in a report on Tuesday. DZ Bank raised shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Roth Capital lifted their price target on shares of Alphabet from $435.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Royal Bank Of Canada reissued a “buy” rating and issued a $475.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Freedom Capital raised Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and a consensus target price of $421.95.

Insider Buying and Selling at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 value of $149,606.80. Following the completion of the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 441,399 shares of company stock valued at $8,677,053. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Up 0.9%

Alphabet stock opened at $347.86 on Friday. The firm has a market cap of $4.25 trillion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.00 and a beta of 1.19. Alphabet Inc. has a 52-week low of $236.68 and a 52-week high of $404.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The firm has a 50 day moving average price of $342.96 and a two-hundred day moving average price of $346.76.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. During the same period in the prior year, the firm posted $2.31 EPS. The company’s quarterly revenue was up 24.2% on a year-over-year basis. Equities analysts predict that Alphabet Inc. will post 20.55 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were issued a $0.22 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet’s payout ratio is presently 4.42%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google introduced a Gemini Agent designed to autonomously complete workplace tasks across Gmail, Docs, Sheets, Calendar, Microsoft 365, Salesforce, Jira and other business systems. The product could strengthen Google Cloud and Workspace monetization by giving enterprise customers a reason to increase AI spending. Google brings agentic AI to Gemini, starting with businesses
• Positive Sentiment: Employees are reportedly testing an even more advanced Gemini 4 model, internally codenamed Carbon. While unconfirmed and not yet a commercial launch, the report reinforces expectations that Alphabet remains competitive in the rapidly evolving AI market. Google employees test new Gemini 4 model
• Positive Sentiment: Analysts and financial commentators continue to view Alphabet as attractively valued relative to Microsoft, Amazon, Meta, Apple and Netflix. The company is growing rapidly while trading at a lower earnings multiple, supporting the argument that the stock has room to recover toward prior highs. Is Alphabet stock priced right against its peers?
• Positive Sentiment: Alphabet’s AI infrastructure strategy is expanding through long-term power and data-center investments, including reported Nordic buildouts and nuclear and microgrid arrangements. Securing reliable electricity could help address a major constraint on future AI and cloud capacity.
• Neutral Sentiment: GOOG benefited from broader technology-sector strength, with gains in major holdings helping lift the SPY and QQQ exchange-traded funds. This provides market support but is not a company-specific catalyst.
• Neutral Sentiment: A reported increase in short interest showed zero shares outstanding and a zero-day days-to-cover ratio, an internally inconsistent data point that offers no reliable trading signal.
• Negative Sentiment: Several law firms are promoting a securities class action alleging that Alphabet misled investors about Gemini development and AI issues during the May 19–July 16 class period. The lawsuits could create legal costs and reputational risk, although the announcements themselves do not establish liability. Rosen Alphabet securities class action announcement

Alphabet Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet’s chief executive officer and also leads Google.

Google is Alphabet’s primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.