Wavvest Wealth LLC Makes New Investment in Alphabet Inc. $GOOG

Posted by George Bondi on Oct 25th, 2026

Wavvest Wealth LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) in the third quarter, HoldingsChannel.com reports. The fund acquired 2,649 shares of the information services provider’s stock, valued at approximately $903,000.

Several other hedge funds also recently made changes to their positions in GOOG. BlackRock Inc. increased its stake in shares of Alphabet by 1.4% during the second quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock worth $130,704,718,000 after acquiring an additional 5,164,200 shares during the period. State Street Corp raised its holdings in Alphabet by 2.8% during the second quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock worth $67,458,980,000 after purchasing an additional 5,208,690 shares in the last quarter. Amundi raised its holdings in Alphabet by 22.9% during the first quarter. Amundi now owns 21,922,379 shares of the information services provider’s stock worth $6,288,654,000 after purchasing an additional 4,083,758 shares in the last quarter. Deutsche Bank AG raised its holdings in Alphabet by 5.6% during the second quarter. Deutsche Bank AG now owns 17,313,729 shares of the information services provider’s stock worth $6,117,460,000 after purchasing an additional 913,666 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Alphabet by 24.9% in the second quarter. Wellington Management Group LLP now owns 17,209,454 shares of the information services provider’s stock valued at $6,080,616,000 after purchasing an additional 3,432,287 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: AI and cloud growth remain key positives. Analysts highlight accelerating Google Cloud growth, expanding operating margins, rising subscriptions and Alphabet’s distribution advantage for Gemini. Google Cloud also announced general availability of an Anthropic-managed deployment option for Claude models, potentially broadening enterprise AI adoption. Alphabet: Gemini 4 Argon Is Coming For ChatGPT’s Lunch
Positive Sentiment: Several longer-term growth opportunities support the stock. Articles point to Alphabet’s proprietary AI chips, which could become a major business, as well as a reported quantum-computing error-reduction breakthrough. Analysts also raised an Alphabet FY2027 EPS estimate modestly, reinforcing the view that earnings potential remains strong. Google’s AI chip could become a $75 billion business
Neutral Sentiment: Q3 earnings are the next major catalyst. Preview articles expect investors to focus on advertising, Google Cloud growth, AI adoption, capital expenditures and margins. Results could determine whether Alphabet’s heavy AI investment is viewed as generating sufficient returns. Alphabet’s Q3 Could Change the Narrative on Its AI Spending
Negative Sentiment: AI execution concerns are the primary negative catalyst. Reports allege that Gemini 3.5 Pro was delayed or behind schedule and that investors were not adequately informed about development setbacks. The allegations contributed to a sharp prior sell-off and have prompted multiple securities-fraud class-action notices. Google Investor Alert: Alphabet Inc. Securities Class Action Notice
Negative Sentiment: Litigation headlines add reputational and financial uncertainty. Several law firms are seeking lead plaintiffs for lawsuits covering investors who purchased Alphabet securities between May 19 and July 16, 2026, with deadlines around November 30 or December 1. The notices largely repeat the same allegations, so they may amplify sentiment risk more than they introduce new information. Kaplan Fox Alphabet Class Action Notice
Negative Sentiment: Investors remain concerned about AI capital intensity. Large compute commitments, data-center spending and higher interest rates are raising questions about whether future returns will justify the investment. Broader AI-stock selling and ETF net selling have added pressure to Alphabet’s valuation. Google Is Paying SpaceX $11 Billion a Year for Compute

Analyst Upgrades and Downgrades

GOOG has been the topic of a number of analyst reports. Rosenblatt Securities began coverage on Alphabet in a report on Thursday, August 20th. They issued a “buy” rating on the stock. Raymond James Financial reiterated a “strong-buy” rating on shares of Alphabet in a research report on Thursday, July 23rd. HSBC set a $515.00 target price on Alphabet in a research note on Friday, August 14th. Wedbush initiated coverage on Alphabet in a report on Thursday, July 16th. They issued an “outperform” rating and a $445.00 price target for the company. Finally, New Street Research reduced their price target on Alphabet from $455.00 to $405.00 and set a “buy” rating for the company in a report on Friday, July 24th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $421.85.

Check Out Our Latest Report on GOOG

Insiders Place Their Bets

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the company’s stock in a transaction dated 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 directly owned 27,386 shares in the company, 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 filing with the SEC, which can be accessed through this link. Also, Director Frances Arnold sold 83 shares of the stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the transaction, the director directly owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 315,765 shares of company stock worth $6,297,980. 12.99% of the stock is owned by company insiders.

Alphabet Stock Performance

NASDAQ:GOOG opened at $317.28 on Friday. The firm’s fifty day simple moving average is $339.42 and its 200-day simple moving average is $350.21. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The stock has a market cap of $3.88 trillion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19. Alphabet Inc. has a fifty-two week low of $256.10 and a fifty-two week high of $404.47.

Alphabet (NASDAQ:GOOG – Get Free Report) last announced its quarterly earnings data 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 net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $116.53 billion. During the same quarter last year, the business earned $2.31 earnings per share. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. Analysts expect that Alphabet Inc. will post 20.60 earnings per share for the current fiscal year.

Alphabet Company Profile

(Free Report)

Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google’s principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.