Envestnet Portfolio Solutions Inc. Has $77.64 Million Position in Alphabet Inc. $GOOG

Envestnet Portfolio Solutions Inc. increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 9.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 219,739 shares of the information services provider’s stock after acquiring an additional 18,588 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Alphabet were worth $77,640,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Denali Advisors LLC boosted its stake in shares of Alphabet by 14.8% in the 2nd quarter. Denali Advisors LLC now owns 105,988 shares of the information services provider’s stock valued at $37,449,000 after purchasing an additional 13,700 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management grew its position in shares of Alphabet by 1.0% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider’s stock worth $86,596,000 after buying an additional 2,850 shares during the period. Heck Capital Advisors LLC raised its stake in shares of Alphabet by 298.2% during the second quarter. Heck Capital Advisors LLC now owns 22,229 shares of the information services provider’s stock worth $7,854,000 after buying an additional 16,647 shares during the last quarter. Montchanin Asset Management LLC bought a new stake in shares of Alphabet during the first quarter worth approximately $7,075,000. Finally, Sax Wealth Advisors LLC lifted its holdings in Alphabet by 13.3% in the second quarter. Sax Wealth Advisors LLC now owns 30,489 shares of the information services provider’s stock valued at $10,773,000 after buying an additional 3,575 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction dated Wednesday, July 29th. The stock was 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. The trade was a 1.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 450,875 shares of company stock valued at $11,984,482 over the last 90 days. 12.99% of the stock is owned by company insiders.

Alphabet Trading Down 3.6%

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

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.87 by $6.24. The business had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm’s revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.31 EPS. As a group, analysts forecast that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was 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%.

Trending Headlines about Alphabet

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

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of recent research reports. Rosenblatt Securities initiated coverage on shares of Alphabet in a research note on Thursday, August 20th. They issued a “buy” rating on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research note on Friday, July 17th. Freedom Capital raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. reduced their price target on Alphabet from $460.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Alphabet in a research note on Thursday, August 27th. Six analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Alphabet presently has an average rating of “Buy” and a consensus price target of $419.94.

Alphabet Company Profile

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.