Alphabet Inc. $GOOGL Stock Position Decreased by Eleva Capital SAS

Eleva Capital SAS cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 24.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 21,105 shares of the information services provider’s stock after selling 6,862 shares during the period. Alphabet comprises about 6.1% of Eleva Capital SAS’s holdings, making the stock its 8th largest position. Eleva Capital SAS’s holdings in Alphabet were worth $7,262,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Baker Tilly Wealth Management LLC lifted its holdings in shares of Alphabet by 1.2% during the third quarter. Baker Tilly Wealth Management LLC now owns 24,776 shares of the information services provider’s stock valued at $8,525,000 after purchasing an additional 301 shares in the last quarter. Ferguson Wellman Capital Management Inc. boosted its stake in shares of Alphabet by 0.6% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 1,228,522 shares of the information services provider’s stock worth $422,710,000 after acquiring an additional 7,062 shares during the last quarter. Heartwood Wealth Advisors LLC grew its holdings in Alphabet by 3.3% during the third quarter. Heartwood Wealth Advisors LLC now owns 11,196 shares of the information services provider’s stock valued at $3,852,000 after purchasing an additional 354 shares during the period. Silverleafe Capital Partners LLC increased its holdings in Alphabet by 86.3% in the 3rd quarter. Silverleafe Capital Partners LLC now owns 1,146 shares of the information services provider’s stock worth $394,000 after acquiring an additional 531 shares in the last quarter. Finally, Miller Global Investments LLC raised its holdings in Alphabet by 16.4% during the third quarter. Miller Global Investments LLC now owns 5,747 shares of the information services provider’s stock valued at $1,977,000 after acquiring an additional 811 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google signed a 20-year power-purchase agreement with Constellation Energy for 890 megawatts of nuclear power. The deal is intended to support growing AI data-center demand and fund efficiency upgrades at 11 existing nuclear units, improving Alphabet’s access to reliable electricity. Google strikes 20-year Constellation deal to add 890MW of nuclear power
• Positive Sentiment: Google Cloud reportedly delivered 82% revenue growth, strengthening the investment case that cloud and AI services can become a larger profit engine. Some analysts argue that Alphabet’s shares remain discounted relative to their estimated upside, particularly given the company’s lower valuation than some other large AI stocks. Alphabet Has the Biggest Upside in the Mag 7 Right Now
• Positive Sentiment: Alphabet unveiled Gemini 4 Argon, positioning the model for complex enterprise tasks such as software engineering, cybersecurity and financial research. Successful adoption could support paid subscriptions, cloud demand and AI monetization across several businesses. Tech Bytes: Google unveils Gemini 4 Argon
• Neutral Sentiment: Commentary remains favorable toward Alphabet because it can monetize AI through advertising, cloud contracts and subscriptions. However, investors are also monitoring rapidly rising infrastructure spending; Alphabet reportedly spent $44.92 billion on capital expenditures in the second quarter, creating pressure to convert AI investment into sustained returns. AI Is Burning Through More Money Than Any Technology Boom in History
• Negative Sentiment: Several law firms publicized securities-fraud class actions concerning alleged misstatements about Gemini 3.5 Pro’s development and launch timing. The claims relate to a prior stock decline and could create legal costs, although the lawsuits remain allegations and their ultimate financial impact is uncertain. Alphabet Shareholder Securities-Fraud Class Action
• Negative Sentiment: A federal judge also allowed a roughly $3.2 billion ad-tech damages claim to proceed to trial. Potential treble damages under antitrust law increase the headline risk, though no judgment has been entered. Google Faces a $3.2 Billion Ad-Tech Damages Claim

Insiders Place Their Bets

In related news, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction on 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 transaction, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. This trade represents a 1.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frances Arnold sold 83 shares of the company’s stock in a transaction on 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 sale, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 441,399 shares of company stock valued at $8,677,053. 11.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GOOGL. Morgan Stanley set a $400.00 target price on shares of Alphabet and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Benchmark restated a “buy” rating on shares of Alphabet in a research report on Thursday. Evercore reaffirmed an “outperform” rating and set a $450.00 price objective on shares of Alphabet in a research note on Wednesday, September 16th. Pivotal Research reiterated a “buy” rating and set a $475.00 price objective (up from $470.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, UBS Group reduced their target price on shares of Alphabet from $400.00 to $379.00 and set a “neutral” rating on the stock in a research note on Thursday, July 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $425.72.

Alphabet Stock Up 0.2%

Shares of GOOGL stock traded up $0.81 during mid-day trading on Tuesday, hitting $347.28. The stock had a trading volume of 8,674,001 shares, compared to its average volume of 30,806,258. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. Alphabet Inc. has a 12-month low of $235.84 and a 12-month high of $408.61. The firm’s 50-day moving average is $345.14 and its two-hundred day moving average is $348.25. The firm has a market capitalization of $4.25 trillion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.89 by $6.22. The business had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, analysts predict that Alphabet Inc. will post 20.55 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, September 4th. Alphabet’s dividend payout ratio is presently 4.42%.

Alphabet Company Profile

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.