Elevatus Welath Management Grows Stock Position in Alphabet Inc. $GOOG

Elevatus Welath Management raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 39,657 shares of the information services provider’s stock after purchasing an additional 1,702 shares during the period. Alphabet accounts for approximately 2.8% of Elevatus Welath Management’s investment portfolio, making the stock its 12th largest holding. Elevatus Welath Management’s holdings in Alphabet were worth $9,658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOG. Robinson Smith Wealth Advisors LLC grew its position in shares of Alphabet by 1.8% in the third quarter. Robinson Smith Wealth Advisors LLC now owns 2,070 shares of the information services provider’s stock valued at $504,000 after purchasing an additional 36 shares during the last quarter. Searle & CO. raised its position in shares of Alphabet by 0.6% during the 3rd quarter. Searle & CO. now owns 5,703 shares of the information services provider’s stock worth $1,389,000 after purchasing an additional 36 shares during the last quarter. Navellier & Associates Inc. raised its position in shares of Alphabet by 0.6% during the 3rd quarter. Navellier & Associates Inc. now owns 5,846 shares of the information services provider’s stock worth $1,424,000 after purchasing an additional 36 shares during the last quarter. BankPlus Wealth Management LLC lifted its stake in Alphabet by 1.2% in the 3rd quarter. BankPlus Wealth Management LLC now owns 3,143 shares of the information services provider’s stock valued at $766,000 after buying an additional 37 shares in the last quarter. Finally, Activest Wealth Management lifted its stake in Alphabet by 0.5% in the 3rd quarter. Activest Wealth Management now owns 7,997 shares of the information services provider’s stock valued at $1,948,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet closed its largest-ever acquisition, buying cybersecurity firm Wiz for $32 billion — a big strategic push to bolster Google Cloud’s security offering and cross‑sell to existing cloud customers. Google completes $32B acquisition of Wiz
• Positive Sentiment: GFiber (Google Fiber) is combining with Stonepeak’s Astound Broadband; Alphabet takes a minority stake while Stonepeak becomes majority owner — a capital‑efficient move that trims ongoing fiber capex and creates a scaled independent broadband operator. Google sells partial stake in fiber business
• Positive Sentiment: Product and commercial momentum: Google rolled Gemini Embedding 2 into Workspace apps and logged new AI deals (e.g., Canal+), which support monetization of AI features across cloud, ads and productivity suites. Gemini AI powers Workspace automation Canal+ taps Google’s AI
• Positive Sentiment: Expanded government engagement — Google is deploying Gemini AI agents on the Pentagon portal for administrative automation, reinforcing large‑scale enterprise/government adoption of its AI stack. Google deepens Pentagon AI push
• Neutral Sentiment: Technical/flow context: MarketBeat highlights the stock finding support near ~$300 and strong institutional inflows — a neutral-to-supportive backdrop for longer-term holders. Alphabet’s Pullback May Be Opening a New Entry Point
• Neutral Sentiment: Short‑interest data in recent feeds appears inconsistent/corrupted (zeros/NaNs) — no clear signal from shorts today.
• Negative Sentiment: Competitive and valuation caution: analysts and commentary note rising competition in AI (OpenAI, Microsoft/Anthropic) and argue the stock may still be vulnerable after the recent pullback — tempering upside despite strategic wins. Google’s AI Dominance Is Being Tested
• Negative Sentiment: Market cautiousness: commentary urging that “it’s too early to buy the dip” reflects investor wariness that could limit strong near‑term rallies. It’s Too Early To Buy the Dip in GOOG Stock

Analysts Set New Price Targets

Several equities analysts have weighed in on GOOG shares. Truist Financial set a $350.00 price target on Alphabet in a research report on Friday, December 5th. Scotiabank restated an “outperform” rating and issued a $400.00 price objective (up from $375.00) on shares of Alphabet in a research report on Thursday, February 5th. BNP Paribas Exane initiated coverage on Alphabet in a research note on Monday, November 24th. They set an “outperform” rating on the stock. UBS Group reiterated a “neutral” rating and set a $348.00 price objective (up from $345.00) on shares of Alphabet in a research report on Thursday, February 12th. Finally, Pivotal Research reissued a “buy” rating and issued a $420.00 target price (up from $400.00) on shares of Alphabet in a research note on Thursday, February 5th. Nine equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $343.90.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 112 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $302.99, for a total transaction of $33,934.88. Following the completion of the sale, the director directly owned 18,418 shares in the company, valued at $5,580,469.82. This represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 955 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the completion of the transaction, the chief accounting officer owned 9,918 shares in the company, valued at approximately $2,955,564. This trade represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 2,112,493 shares of company stock worth $118,605,094. 12.99% of the stock is currently owned by company insiders.

Alphabet Price Performance

GOOG opened at $308.42 on Thursday. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $350.15. The company’s 50 day simple moving average is $319.85 and its 200 day simple moving average is $289.01. The stock has a market capitalization of $3.73 trillion, a PE ratio of 28.53, a P/E/G ratio of 1.80 and a beta of 1.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, February 5th. The information services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.59 by $0.23. The firm had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. Alphabet’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.15 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, March 9th. Alphabet’s dividend payout ratio is presently 7.77%.

Alphabet Company Profile

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.