Alphabet Inc. $GOOGL Stock Position Increased by Elevation Point Wealth Partners LLC

Key Points

• Elevation Point Wealth Partners increased its Alphabet stake by 9.6% in the second quarter, adding 23,341 shares for a total of 265,550 shares worth approximately $94.9 million.
• Alphabet has strong institutional backing, with institutional investors owning 40.03% of the stock, while analysts maintain a consensus “Buy” rating and an average price target of $420.19.
• Despite strong quarterly results and growth in Google Cloud and AI, Alphabet faces concerns over escalating capital spending, negative second-quarter free cash flow, legal scrutiny and delays to key Gemini products.

Elevation Point Wealth Partners LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 9.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 265,550 shares of the information services provider's stock after acquiring an additional 23,341 shares during the period. Alphabet makes up about 1.8% of Elevation Point Wealth Partners LLC's holdings, making the stock its 9th largest holding. Elevation Point Wealth Partners LLC's holdings in Alphabet were worth $94,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Alphabet in the 4th quarter valued at about $30,534,239,000. Cardano Risk Management B.V. boosted its position in Alphabet by 855.3% during the fourth quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider's stock valued at $4,546,413,000 after buying an additional 13,004,828 shares during the period. Vanguard Group Inc. grew its position in Alphabet by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock worth $165,567,398,000 after acquiring an additional 12,531,695 shares during the last quarter. Capital World Investors increased its stake in shares of Alphabet by 28.0% in the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock worth $12,910,542,000 after buying an additional 11,605,785 shares during the period. Finally, Diamant Asset Management Inc. raised its holdings in Alphabet by 28,950.0% during the 1st quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider's stock valued at $2,671,986,000 after buying an additional 9,259,940 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Insider Buying and Selling

In other news, Director Frances Arnold sold 82 shares of the firm's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $337.71, for a total value of $27,692.22. Following the completion of the sale, the director owned 18,995 shares of the company's stock, valued at $6,414,801.45. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction dated Wednesday, July 29th. The stock was 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 directly owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 451,925 shares of company stock worth $12,371,544 in the last three months. 11.61% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. New Street Research boosted their price objective on shares of Alphabet from $450.00 to $455.00 and gave the company a "buy" rating in a research report on Friday, June 5th. Wells Fargo & Company set a $411.00 price objective on shares of Alphabet and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Loop Capital upped their price target on Alphabet from $355.00 to $490.00 and gave the company a "buy" rating in a report on Friday, May 15th. Roth Capital reaffirmed a "buy" rating and issued a $440.00 target price (up from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Needham & Company LLC reiterated a "buy" rating and set a $450.00 price target on shares of Alphabet in a research note on Wednesday, June 3rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of "Buy" and an average price target of $420.19.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue growth and expanding margins continue to support Alphabet’s AI investment strategy. Supporters argue that cloud growth—reportedly up 82% year over year—could eventually justify the company’s much higher spending. Google Cloud growth article
• Positive Sentiment: A federal judge rejected a forced breakup of Google’s ad-tech business, limiting the immediate structural risk to Alphabet. The company will instead face behavioral remedies, although the ad-network business recently contracted. Google ad-business ruling
• Positive Sentiment: New AI features in Gmail, Docs and Keep, along with continued Gemini development, could improve user engagement and strengthen Alphabet’s competitive position in generative AI. Rosenblatt also reaffirmed a buy rating with a $410 price target. Google AI product launch
• Neutral Sentiment: Alphabet will pay a quarterly dividend of $0.22 per share on September 14 to shareholders of record on September 4, providing a modest income component but unlikely to materially change the investment case. Alphabet dividend article
• Negative Sentiment: Alphabet raised 2026 capital-spending guidance to approximately $195 billion–$205 billion. Second-quarter free cash flow turned negative as capital expenditures reached $44.9 billion, raising concerns that AI infrastructure spending may take years to generate adequate returns. Alphabet cloud margins and AI spending
• Negative Sentiment: Investors are also concerned about execution: Gemini 3.5 Pro reportedly remained delayed, while the company faces multiple securities-fraud investigations and continued scrutiny over its ad-tech practices. These issues add legal and competitive risk to an already expensive AI buildout. Gemini delay article

Alphabet Stock Performance

GOOGL opened at $338.46 on Monday. The firm has a market cap of $4.14 trillion, a P/E ratio of 17.00, a P/E/G ratio of 0.98 and a beta of 1.22. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $349.02 and a 200 day moving average of $342.87. Alphabet Inc. has a 12 month low of $231.90 and a 12 month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. 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 $117.07 billion. As a group, research analysts forecast that Alphabet Inc. will post 20.5 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is currently 4.42%.

Alphabet Company Profile

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.

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