Alphabet Inc. $GOOG Stock Position Raised by Navellier & Associates Inc.

Key Points

• Navellier & Associates doubled its Alphabet stake in the second quarter, adding 10,078 shares to own 19,764 shares valued at approximately $6.98 million. Institutional investors collectively hold 27.26% of Alphabet’s outstanding stock.
• Analysts maintain a broadly positive view, with a consensus “Buy” rating and an average price target of $415.55, despite some target-price reductions and a recent downgrade to “Hold.”
• Alphabet reported strong quarterly results, including 24.2% year-over-year revenue growth to $119.8 billion and earnings of $9.11 per share, while regulatory risks, elevated AI spending and insider selling remain concerns.

Navellier & Associates Inc. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 104.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,764 shares of the information services provider's stock after purchasing an additional 10,078 shares during the period. Navellier & Associates Inc.'s holdings in Alphabet were worth $6,983,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Field & Main Bank acquired a new position in shares of Alphabet in the 2nd quarter valued at $1,251,000. SPX Gestao de Recursos Ltda acquired a new stake in Alphabet during the 2nd quarter worth about $6,200,000. Wellington Management Group LLP raised its holdings in Alphabet by 24.9% during the 2nd quarter. Wellington Management Group LLP now owns 17,209,454 shares of the information services provider's stock worth $6,080,616,000 after buying an additional 3,432,287 shares during the period. North Star Asset Management Inc. purchased a new stake in Alphabet during the second quarter valued at about $24,871,000. Finally, Kahn Brothers Group Inc. purchased a new stake in Alphabet during the second quarter valued at about $42,720,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Rosenblatt Securities began coverage on shares of Alphabet in a research report on Thursday, August 20th. They issued a "buy" rating on the stock. Zacks Research lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 5th. Roth Capital lifted their price objective on shares of Alphabet from $435.00 to $440.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Morgan Stanley cut their target price on shares of Alphabet from $415.00 to $400.00 and set an "overweight" rating on the stock in a research note on Thursday, July 23rd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a report on Friday, July 17th. Six research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $415.55.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: A federal judge rejected the U.S. Justice Department’s request to force Google to sell its AdX advertising exchange. The ruling removes the most severe breakup risk, although Google must make operational changes to address antitrust concerns. This was the clearest immediate catalyst for Alphabet’s strength. Google defeats US bid to force ad tech sale
• Positive Sentiment: Google launched or prepared to launch Gemini 3.8 Flash, a model designed to improve coding and cybersecurity capabilities. Investors view the release as evidence that Alphabet is narrowing the gap with OpenAI and Anthropic in enterprise AI. Google launches Gemini 3.8 Flash
• Positive Sentiment: Recent reports continue to highlight strong AI demand, cloud revenue growth and expanding infrastructure investment. Alphabet’s latest reported quarter showed 24.2% year-over-year revenue growth and a substantial earnings beat, supporting the view that Cloud and AI can offset pressure on the core advertising business. Alphabet reports strong growth fueled by AI demand and cloud revenue
• Positive Sentiment: Berkshire Hathaway CEO Greg Abel described Alphabet as a significant AI player and explained Berkshire’s decision to make it one of its largest holdings. The endorsement may strengthen investor confidence in Alphabet’s long-term AI strategy. Berkshire CEO discusses Alphabet stake
• Positive Sentiment: Alphabet agreed to purchase roughly 396 megawatts of enhanced-geothermal power from Fervo Energy for a planned Utah data center, with potential expansion toward 1 gigawatt. The agreement supports reliable, lower-carbon electricity for AI infrastructure. Google buys geothermal power from Fervo
• Neutral Sentiment: Waymo expanded paid robotaxi service to Denver, San Diego and Tampa, bringing operations to 14 U.S. cities. The move offers longer-term optionality but is unlikely to materially affect near-term Alphabet earnings. Waymo expands robotaxi service
• Negative Sentiment: The antitrust ruling still found illegal conduct and requires changes to Google’s digital advertising operations, leaving potential compliance costs and future regulatory risk. Judge orders changes to Google ad business
• Negative Sentiment: Analysts and technical commentators warn that GOOG is approaching bear-market territory and testing important support near $323. Concerns about elevated AI capital spending, margin pressure and increasingly intense competition in search advertising could limit further gains.

Insiders Place Their Bets

In other news, CAO Marsida Saraci sold 449 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. This represents a 1.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 82 shares of the firm's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $337.71, for a total transaction of $27,692.22. Following the transaction, the director owned 18,995 shares in the company, valued at $6,414,801.45. This represents a 0.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 451,925 shares of company stock valued at $12,371,544 over the last ninety days. Corporate insiders own 12.99% of the company's stock.

Alphabet Stock Up 0.5%

GOOG opened at $333.78 on Thursday. The company has a market capitalization of $4.08 trillion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 0.96 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. Alphabet Inc. has a fifty-two week low of $225.12 and a fifty-two week high of $404.47. The business has a 50-day moving average of $347.01 and a 200-day moving average of $340.52.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $116.53 billion. During the same quarter in the previous year, the business posted $2.31 EPS. The firm's quarterly revenue was up 24.2% compared to the same quarter last year. Equities research analysts forecast that Alphabet Inc. will post 20.5 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's payout ratio is currently 4.42%.

About Alphabet

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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