<p>机构持股通常是对公司长期前景信心最明确的信号之一。当全球最知名的对冲基金、资产管理公司和养老金基金将数十亿资金投入一只股票时，他们并不是在追逐短期波动；而是在押注持久的增长和稳定性。</p>
<p>目前，科技巨头 Alphabet NASDAQ: GOOGL 无疑是这一点的最佳例证。</p>
<p>尽管在今年早些时候，这家科技巨头的表现落后于大盘以及微软和 NVIDIA 等同行，但机构投资者不仅保持了信心，反而加大了投资。在 2025 年上半年，监管和法律挑战、人工智能的竞争压力以及对增长的质疑在很大程度上影响了市场情绪。</p>
<p>然而，在整个期间，机构投资者仍然看到了 Alphabet 基本面的价值，积极在低迷时买入。如今，随着市场情绪的转变和近期 <strong>催化剂重新点燃了动能并创下新高</strong>，这种信心正在得到回报。</p>
<h2>机构在 Alphabet 上购物</h2>
<p>过去一年中，围绕 Alphabet 的 <strong>机构活动</strong> 规模令人震惊。在过去 12 个月里，机构购买了价值 1266 亿美元的 Alphabet 股票。在同一时期，仅售出 575 亿美元，净流入约 690 亿美元。这种购买力不仅凸显了信心，也清晰地表明聪明的钱将 Alphabet 的弱势视为机会。</p>
<p>大部分活动发生在公司近年来最具挑战性的时期。通过第一季度和第二季度，Alphabet 面临着加大的监管压力、对其广告主导地位的持续审查，以及对人工智能搜索和云服务竞争的日益担忧。</p>
<p>与此同时，该股票的表现显著落后于纳斯达克和其他大型同行。然而，对于机构来说，这些逆风正是建立头寸的条件。估值已降至历史上具有吸引力的水平，Alphabet 的市盈率远低于其长期平均水平。对于华尔街最大的买家来说，这种强劲的基本面与压缩的倍数组合看起来不可抗拒。</p>
<h2>背后显著的买家</h2>
<p>最引人注目的买家之一是比尔·阿克曼的 Pershing Square 基金，该基金在第二季度大幅增加了对 Alphabet 的持股。Pershing 目前持有 630 万股 Alphabet NASDAQ: GOOG 股票和 536 万股 GOOGL 股票，使其 GOOGL 持股在上一季度基础上增加了 20% 以上。Alphabet 的持仓几乎占 Pershing 投资组合的 15%，这 <strong>是对 Alphabet 长期发展轨迹的巨大信心投票</strong>。</p>
<p>其他对冲基金巨头也纷纷效仿。亿万富翁投资者约翰·保尔森通过其公司 Paulson &amp; Co.在第二季度增加了 9000 股 Alphabet，进一步凸显了顶级管理者的需求。桥水基金执行了一项引人注目的举动，在第二季度将其 GOOGL 持股增加了 84%。这一增持使其总持股达到 560 万股，约占其投资组合的 4%。对于像桥水这样多元化的基金来说，这是一项重要的权重。</p>
<h2>催化剂扭转局势</h2>
<p>Alphabet 最近的财报强化了公司的核心优势，云收入增长重新加速，广告业务持续交出稳健的业绩。</p>
<p>同样重要的是，一个重大的法律悬而未决问题现在已经得到解决。法官最近的反垄断裁决不仅缓解了对谷歌 Chrome 浏览器潜在拆分的担忧，还使 Alphabet 在应对竞争和法律威胁方面的定位比最初预期的更好。</p>
<p>这些发展帮助近期重新评估了该股票。分析师们不断 <strong>提高他们的预期</strong>，平均目标价从三个月前的 199.75 美元上升至截至 9 月 9 日的 221.44 美元。</p>
<p>随着公司从落后者转变为领导者，动能回归股票，那些在 Alphabet 低迷期间建立头寸的机构正在看到他们的耐心得到回报。</p>
<h2>你现在应该投资 1000 美元在 Alphabet 吗？</h2>
<p>在考虑 Alphabet 之前，你需要听听这个。</p>
<p>MarketBeat 跟踪华尔街顶级评级和表现最佳的研究分析师及其每日推荐的股票。MarketBeat 已识别出五只顶级分析师正在悄悄向客户推荐的股票，建议在更广泛的市场注意到之前立即购买……而 Alphabet 并不在名单上。</p>
<p>虽然 Alphabet 目前在分析师中获得了中性买入评级，但顶级分析师认为这五只股票更值得投资。</p>
<p>查看这五只股票</p>

谷歌-A

谷歌-C

1 倍做空谷歌 ETF - Direxion

2 倍做多谷歌 ETF - Direxion

<p>在过去一年中，机构投资者购买了价值 1266 亿美元的 Alphabet 股票，尽管面临监管挑战，仍实现了 690 亿美元的净流入。比尔·阿克曼和约翰·保尔森等知名投资者显著增加了他们的持股，反映出对 Alphabet 长期增长的信心。最近的财报和有利的反垄断裁决改善了市场情绪，导致股票价格目标上升。分析师目前将 Alphabet 评级为适度买入，但也有一些人建议其他股票可能是更好的投资选择</p>

<p>Institutional ownership often serves as one of the clearest signals of conviction in a company’s long-term prospects. When the world’s most prominent hedge funds, asset managers, and pension funds allocate billions into a stock, they aren’t chasing short-term moves; they’re making a bet on enduring growth and stability.</p>
<div class="lb-trans"><p>机构持股通常是对公司长期前景信心最明确的信号之一。当全球最知名的对冲基金、资产管理公司和养老金基金将数十亿资金投入一只股票时，他们并不是在追逐短期波动；而是在押注持久的增长和稳定性。</p>
</div><p>Few companies exemplify this better right now than tech giant Alphabet NASDAQ: GOOGL.</p>
<div class="lb-trans"><p>目前，科技巨头 Alphabet NASDAQ: GOOGL 无疑是这一点的最佳例证。</p>
</div><p>Despite a stretch earlier this year when the tech giant lagged the broader market and peers like Microsoft and NVIDIA, institutions not only held firm but doubled down. Regulatory and legal challenges, competitive pressures in AI, and questions around growth weighed on sentiment for much of the first half of 2025.</p>
<div class="lb-trans"><p>尽管在今年早些时候，这家科技巨头的表现落后于大盘以及微软和 NVIDIA 等同行，但机构投资者不仅保持了信心，反而加大了投资。在 2025 年上半年，监管和法律挑战、人工智能的竞争压力以及对增长的质疑在很大程度上影响了市场情绪。</p>
</div><p>Yet throughout that period, institutional investors continued to see value in Alphabet’s fundamentals, buying aggressively into weakness. Now, with sentiment shifting and recent <strong>catalysts reigniting momentum and new all-time highs</strong>, that conviction is paying off.</p>
<div class="lb-trans"><p>然而，在整个期间，机构投资者仍然看到了 Alphabet 基本面的价值，积极在低迷时买入。如今，随着市场情绪的转变和近期 <strong>催化剂重新点燃了动能并创下新高</strong>，这种信心正在得到回报。</p>
</div><h2>Institutions Went Shopping in Alphabet</h2>
<div class="lb-trans"><h2>机构在 Alphabet 上购物</h2>
</div><p>The scale of <strong>institutional activity</strong> around Alphabet over the past year has been nothing short of staggering. Over the last 12 months, institutions purchased a massive $126.6 billion worth of Alphabet stock. In that same period, just $57.5 billion was sold, leaving a net inflow of roughly $69 billion. That kind of buying power underscores not only confidence but also a clear signal that the smart money viewed Alphabet’s weakness as an opportunity.</p>
<div class="lb-trans"><p>过去一年中，围绕 Alphabet 的 <strong>机构活动</strong> 规模令人震惊。在过去 12 个月里，机构购买了价值 1266 亿美元的 Alphabet 股票。在同一时期，仅售出 575 亿美元，净流入约 690 亿美元。这种购买力不仅凸显了信心，也清晰地表明聪明的钱将 Alphabet 的弱势视为机会。</p>
</div><p>Much of this activity came during the company’s most challenging stretch in years. Through Q1 and Q2, Alphabet faced heightened regulatory pressure, ongoing scrutiny of its advertising dominance, and rising concerns about competition in AI search and cloud services.</p>
<div class="lb-trans"><p>大部分活动发生在公司近年来最具挑战性的时期。通过第一季度和第二季度，Alphabet 面临着加大的监管压力、对其广告主导地位的持续审查，以及对人工智能搜索和云服务竞争的日益担忧。</p>
</div><p>Meanwhile, the stock significantly underperformed both the Nasdaq and fellow megacap peers. Yet for institutions, these headwinds were exactly the conditions to build positions. Valuations had dipped to historically attractive levels, with Alphabet trading at a P/E ratio well below its long-term average. To the biggest buyers on Wall Street, that combination of strong fundamentals and compressed multiples looked irresistible.</p>
<div class="lb-trans"><p>与此同时，该股票的表现显著落后于纳斯达克和其他大型同行。然而，对于机构来说，这些逆风正是建立头寸的条件。估值已降至历史上具有吸引力的水平，Alphabet 的市盈率远低于其长期平均水平。对于华尔街最大的买家来说，这种强劲的基本面与压缩的倍数组合看起来不可抗拒。</p>
</div><h2>Prominent Names Behind the Buying</h2>
<div class="lb-trans"><h2>背后显著的买家</h2>
</div><p>Among the most notable buyers was Bill Ackman’s Pershing Square fund, which expanded its Alphabet stake considerably in Q2. Pershing now owns 6.3 million shares of Alphabet NASDAQ: GOOG stock and 5.36 million shares of GOOGL stock, boosting its GOOGL position by more than 20% over the prior quarter. Together, the Alphabet positions account for nearly 15% of Pershing’s portfolio, a <strong>massive vote of confidence in Alphabet’s long-term trajectory</strong>.</p>
<div class="lb-trans"><p>最引人注目的买家之一是比尔·阿克曼的 Pershing Square 基金，该基金在第二季度大幅增加了对 Alphabet 的持股。Pershing 目前持有 630 万股 Alphabet NASDAQ: GOOG 股票和 536 万股 GOOGL 股票，使其 GOOGL 持股在上一季度基础上增加了 20% 以上。Alphabet 的持仓几乎占 Pershing 投资组合的 15%，这 <strong>是对 Alphabet 长期发展轨迹的巨大信心投票</strong>。</p>
</div><p>Other hedge fund heavyweights have followed suit. Billionaire investor John Paulson added 9,000 shares of Alphabet in Q2 through his firm Paulson &amp; Co., further underscoring the appetite among top-tier managers. Bridgewater Associates executed one of the more eye-catching moves, increasing its stake in GOOGL by 84% during the second quarter. That lift brought its total position to 5.6 million shares, representing nearly 4% of its portfolio. For a fund as diversified as Bridgewater, that’s a significant weighting.</p>
<div class="lb-trans"><p>其他对冲基金巨头也纷纷效仿。亿万富翁投资者约翰·保尔森通过其公司 Paulson &amp; Co.在第二季度增加了 9000 股 Alphabet，进一步凸显了顶级管理者的需求。桥水基金执行了一项引人注目的举动，在第二季度将其 GOOGL 持股增加了 84%。这一增持使其总持股达到 560 万股，约占其投资组合的 4%。对于像桥水这样多元化的基金来说，这是一项重要的权重。</p>
</div><h2>Catalysts Turning the Tide</h2>
<div class="lb-trans"><h2>催化剂扭转局势</h2>
</div><p>Alphabet’s most recent earnings report reinforced the company’s core strengths, with cloud revenue growth reaccelerating and advertising continuing to deliver resilient results.</p>
<div class="lb-trans"><p>Alphabet 最近的财报强化了公司的核心优势，云收入增长重新加速，广告业务持续交出稳健的业绩。</p>
</div><p>Just as significantly, a significant legal overhang has now cleared. A judge’s recent antitrust ruling not only eased fears of a potential breakup around Google’s Chrome browser but also framed Alphabet as better positioned than initially feared to navigate competitive and legal threats.</p>
<div class="lb-trans"><p>同样重要的是，一个重大的法律悬而未决问题现在已经得到解决。法官最近的反垄断裁决不仅缓解了对谷歌 Chrome 浏览器潜在拆分的担忧，还使 Alphabet 在应对竞争和法律威胁方面的定位比最初预期的更好。</p>
</div><p>Those developments have helped re-rate the stock in recent weeks. Analysts have steadily <strong>lifted their outlooks</strong>, with the average price target climbing from $199.75 three months ago to $221.44 as of Sept. 9.</p>
<div class="lb-trans"><p>这些发展帮助近期重新评估了该股票。分析师们不断 <strong>提高他们的预期</strong>，平均目标价从三个月前的 199.75 美元上升至截至 9 月 9 日的 221.44 美元。</p>
</div><p>With the company now moving from laggard to leader and momentum returning to the stock, the institutions that built positions during Alphabet’s slump are seeing their patience rewarded.</p>
<div class="lb-trans"><p>随着公司从落后者转变为领导者，动能回归股票，那些在 Alphabet 低迷期间建立头寸的机构正在看到他们的耐心得到回报。</p>
</div><h2>Should You Invest $1,000 in Alphabet Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资 1000 美元在 Alphabet 吗？</h2>
</div><p>Before you consider Alphabet, you'll want to hear this.</p>
<div class="lb-trans"><p>在考虑 Alphabet 之前，你需要听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 跟踪华尔街顶级评级和表现最佳的研究分析师及其每日推荐的股票。MarketBeat 已识别出五只顶级分析师正在悄悄向客户推荐的股票，建议在更广泛的市场注意到之前立即购买……而 Alphabet 并不在名单上。</p>
</div><p>While Alphabet currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然 Alphabet 目前在分析师中获得了中性买入评级，但顶级分析师认为这五只股票更值得投资。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看这五只股票</p>
</div>

Alphabet Stock’s Weakness Was Wall Street’s Opportunity

- 机构投资者在过去一年中购买了 1266 亿美元的 Alphabet 股票，显示出强烈信心。  
- 尽管面临监管压力和竞争挑战，机构仍在 Alphabet 的低估值时加大投资。  
- 最近的财报和法律裁决改善了市场情绪，分析师上调了 Alphabet 的目标价。  

Alphabet 股票的疲软成为了华尔街的机会