Alphabet Inc. $GOOGL Shares Sold by Redmond Asset Management LLC

Redmond Asset Management LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 7.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,863 shares of the information services provider’s stock after selling 3,075 shares during the period. Alphabet comprises approximately 3.9% of Redmond Asset Management LLC’s portfolio, making the stock its biggest holding. Redmond Asset Management LLC’s holdings in Alphabet were worth $13,028,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp grew its stake in Alphabet by 5.6% in the 2nd quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock valued at $85,403,303,000 after purchasing an additional 12,718,127 shares during the period. Amundi increased its position in shares of Alphabet by 4.6% during the 2nd quarter. Amundi now owns 33,203,350 shares of the information services provider’s stock valued at $11,865,809,000 after purchasing an additional 1,457,371 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Alphabet by 10.1% during the 2nd 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 purchasing an additional 1,631,721 shares during the period. Swiss National Bank raised its stake in shares of Alphabet by 7.1% during the 1st quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider’s stock worth $4,911,467,000 after purchasing an additional 1,139,400 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Alphabet by 90.9% during the 1st 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. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Frances Arnold sold 83 shares of the company’s stock in a transaction that occurred 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 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 247 shares of company stock valued at $79,238 over the last 90 days. Insiders own 11.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GOOGL. Phillip Securities raised shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 27th. UBS Group set a $332.00 price objective on shares of Alphabet and gave the stock a “neutral” rating in a report on Thursday, October 29th. Yorkville Ives initiated coverage on shares of Alphabet in a research report on Monday, October 5th. They issued an “outperform” rating and a $400.00 price objective on the stock. Tigress Financial reiterated a “strong-buy” rating and issued a $485.00 target price (up from $415.00) on shares of Alphabet in a research note on Thursday, September 17th. Finally, Wall Street Zen downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Five analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Alphabet has a consensus rating of “Buy” and a consensus target price of $412.51.

Alphabet Stock Performance

Shares of NASDAQ GOOGL traded up $2.21 during trading on Friday, reaching $284.78. 36,267,172 shares of the stock traded hands, compared to its average volume of 34,149,032. Alphabet Inc. has a 52-week low of $270.70 and a 52-week 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 company has a 50-day moving average of $332.93 and a 200-day moving average of $338.97. The stock has a market capitalization of $3.48 trillion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 0.84 and a beta of 1.23.

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

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, December 7th will be paid a $0.22 dividend. The ex-dividend date is Monday, December 7th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is presently 4.59%.

Trending Headlines about Alphabet

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

About Alphabet

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.