Redmont Wealth Advisors LLC Invests $418,000 in Alphabet Inc. $GOOGL

Redmont Wealth Advisors LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,720 shares of the information services provider’s stock, valued at approximately $418,000.

A number of other hedge funds also recently bought and sold shares of GOOGL. Moment Partners LLC boosted its position in Alphabet by 9.3% during the second quarter. Moment Partners LLC now owns 5,896 shares of the information services provider’s stock valued at $1,039,000 after buying an additional 504 shares during the period. Brooktree Capital Management bought a new stake in shares of Alphabet in the 2nd quarter valued at about $352,000. Griffin Asset Management Inc. lifted its stake in shares of 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 acquiring an additional 7,180 shares during the last quarter. Sovran Advisors LLC boosted its holdings in Alphabet by 23.6% during the 3rd quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider’s stock valued at $5,401,000 after acquiring an additional 4,241 shares during the period. Finally, Birchcreek Wealth Management LLC grew its position in Alphabet by 2.9% during the 2nd quarter. Birchcreek Wealth Management LLC now owns 8,028 shares of the information services provider’s stock worth $1,415,000 after acquiring an additional 223 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet News Roundup

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)

Alphabet Trading Down 0.1%

GOOGL opened at $303.13 on Thursday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $349.00. The stock has a market cap of $3.67 trillion, a PE ratio of 28.04, a PEG ratio of 1.78 and a beta of 1.10. The business has a 50 day moving average of $320.49 and a 200-day moving average of $284.90.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data 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. The business had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. Equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is 7.77%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GOOGL. Loop Capital boosted their price objective on Alphabet from $320.00 to $355.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. KeyCorp set a $370.00 target price on shares of Alphabet and gave the stock an “overweight” rating in a research note on Thursday, February 5th. China Renaissance upped their price target on shares of Alphabet from $330.00 to $400.00 and gave the company a “buy” rating in a report on Friday, February 6th. DA Davidson raised their price target on shares of Alphabet from $300.00 to $310.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Finally, Robert W. Baird boosted their price objective on shares of Alphabet from $310.00 to $350.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Three research analysts have rated the stock with a Strong Buy rating, forty-three have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $366.57.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $306.73, for a total transaction of $184,038.00. Following the completion of the transaction, the director owned 20,624 shares of the company’s stock, valued at approximately $6,325,999.52. This trade represents a 2.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 955 shares of Alphabet stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares of the company’s stock, valued at $2,955,564. The trade was a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have 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 currently owned by corporate insiders.

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.