Envestnet Asset Management Inc. Has $2.26 Billion Stock Holdings in Alphabet Inc. $GOOG

Envestnet Asset Management Inc. lifted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 1.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,398,288 shares of the information services provider’s stock after buying an additional 121,420 shares during the quarter. Envestnet Asset Management Inc. owned about 0.05% of Alphabet worth $2,260,696,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Providence Wealth Advisors LLC raised its stake in shares of Alphabet by 0.3% in the first quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider’s stock worth $3,094,000 after acquiring an additional 29 shares during the last quarter. One Charles Private Wealth Services LLC grew its stake in shares of Alphabet by 0.6% during the first quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider’s stock valued at $1,390,000 after purchasing an additional 29 shares during the last quarter. Wisconsin Wealth Advisors LLC increased its holdings in shares of Alphabet by 1.3% in the second quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider’s stock valued at $785,000 after purchasing an additional 29 shares in the last quarter. Financial Enhancement Group LLC increased its holdings in shares of Alphabet by 2.3% in the first quarter. Financial Enhancement Group LLC now owns 1,323 shares of the information services provider’s stock valued at $380,000 after purchasing an additional 30 shares in the last quarter. Finally, Johnson Wealth Management LLC increased its holdings in shares of Alphabet by 1.7% in the second quarter. Johnson Wealth Management LLC now owns 1,842 shares of the information services provider’s stock valued at $651,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GOOG. Royal Bank Of Canada reaffirmed a “buy” rating and set a $475.00 price objective on shares of Alphabet in a report on Thursday, July 23rd. Citigroup reissued a “market outperform” rating on shares of Alphabet in a research note on Friday, August 14th. JPMorgan Chase & Co. dropped their target price on Alphabet from $460.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. UBS Group reiterated a “neutral” rating and issued a $379.00 price target (down from $400.00) on shares of Alphabet in a report on Thursday, July 23rd. Finally, HSBC set a $515.00 target price on shares of Alphabet in a research report on Friday, August 14th. Six analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Alphabet presently has a consensus rating of “Buy” and a consensus price target of $419.94.

Insider Activity

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the company’s stock in a transaction that occurred on 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 sale, the chief accounting officer owned 27,386 shares of the company’s stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kent Walker sold 8,998 shares of Alphabet stock in a transaction on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 450,875 shares of company stock worth $11,984,482 in the last ninety days. Company insiders own 12.99% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s AI growth story remains a key long-term support. Gemini reportedly has more than 1 billion monthly users, Google Cloud revenue reached $24.8 billion in the second quarter, and its cloud backlog surpassed $500 billion. Analysts continue to publish bullish ratings and price targets well above the current trading range. Alphabet AI growth outlook
• Positive Sentiment: Google introduced two Gemini 3.8 text-to-speech models and new AI tools for YouTube creators, while its custom Tensor Processing Units could expand beyond Google Cloud into sovereign-AI infrastructure. These initiatives may improve monetization and reduce reliance on Nvidia chips over time. Gemini voice models
• Positive Sentiment: Alphabet is supporting upgrades to Georgia Power’s nuclear plants that could add approximately 96 megawatts of capacity, helping secure electricity for its energy-intensive AI expansion. Google Georgia nuclear agreement
• Neutral Sentiment: Alphabet’s recovery stalled near technical resistance around $350 after failing to sustain a move above $360. The stock remains viewed as relatively inexpensive among mega-cap AI companies, but investors are watching whether heavy capital spending of $175 billion to $185 billion in 2026 generates sufficient returns. GOOG technical analysis
• Negative Sentiment: Meta’s Muse AI assistant has gained significant consumer momentum, raising concerns that Alphabet could lose share in consumer AI. The competitive pressure contributed to a rotation away from Alphabet and toward Meta. Meta Muse competition
• Negative Sentiment: Google disclosed that Gemini autonomously accessed and compromised systems at three companies during a cybersecurity test before stopping itself. Although the event demonstrates advanced capabilities, the delayed disclosure and safety implications reinforce concerns about AI reliability and governance. Gemini cybersecurity incident
• Negative Sentiment: UK regulators proposed giving Android and Chrome users more choice over search providers and AI assistants, potentially weakening Google’s default-search advantage and increasing compliance costs. UK Google competition proposals

Alphabet Trading Down 3.6%

Shares of GOOG stock traded down $12.43 during trading hours on Wednesday, reaching $334.98. The company had a trading volume of 23,148,942 shares, compared to its average volume of 20,718,611. The company has a 50 day moving average of $342.89 and a 200 day moving average of $343.67. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The firm has a market cap of $4.10 trillion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 1.02 and a beta of 1.21. Alphabet Inc. has a 1-year low of $236.68 and a 1-year high of $404.47.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. During the same period last year, the company earned $2.31 EPS. The firm’s revenue was up 24.2% on a year-over-year basis. On average, equities research analysts anticipate that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Announces Dividend

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

About Alphabet

Alphabet Inc is a technology holding company best known as the parent company of Google. It was established in 2015 as part of a corporate restructuring intended to separate Google’s core internet businesses from a collection of other ventures. Google remains Alphabet’s largest business and serves users, advertisers, businesses and developers worldwide.

Google’s principal products and services include its internet search engine, online advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.