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

Posted by Geri Gentry on Sep 23rd, 2026

Envestnet Asset Management Inc. increased its position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 1.9% in the second quarter, Holdings Channel reports. The institutional investor owned 6,398,288 shares of the information services provider’s stock after buying an additional 121,420 shares during the period. Envestnet Asset Management Inc.’s holdings in Alphabet were worth $2,260,696,000 as of its most recent SEC filing.

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

Alphabet Stock Performance

Alphabet stock traded down $12.43 during trading hours on Wednesday, hitting $334.98. The company had a trading volume of 23,148,942 shares, compared to its average volume of 20,718,611. The firm 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 PE ratio of 16.82, a PEG ratio of 1.02 and a beta of 1.21. Alphabet Inc. has a one year low of $236.68 and a one year high of $404.47.

Alphabet (NASDAQ:GOOG – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The company 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 company posted $2.31 earnings per share. The business’s revenue was up 24.2% on a year-over-year basis. On average, sell-side analysts expect that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared 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. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, September 4th. Alphabet’s dividend payout ratio (DPR) is presently 4.42%.

Analysts Set New Price Targets

Several analysts have issued reports on GOOG shares. Cantor Fitzgerald restated an “overweight” rating and issued a $420.00 price objective (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Wedbush started coverage on Alphabet in a report on Thursday, July 16th. They set an “outperform” rating and a $445.00 target price on the stock. DZ Bank upgraded Alphabet to a “strong-buy” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. dropped their price target on Alphabet from $460.00 to $420.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Finally, Freedom Capital raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $419.94.

Get Our Latest Analysis on Alphabet

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 82 shares of Alphabet stock in a transaction on Friday, August 28th. The stock was sold at an average price of $337.71, for a total transaction of $27,692.22. Following the completion of the sale, the director owned 18,995 shares of the company’s stock, valued at approximately $6,414,801.45. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 450,875 shares of company stock worth $11,984,482 in the last ninety days. 12.99% of the stock is owned by company insiders.

Key Headlines Impacting 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

Alphabet Profile

(Free Report)

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.