Evergreen Wealth Management LLC Sells 2,158 Shares of Alphabet Inc. $GOOG

Evergreen Wealth Management LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOG) by 22.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,663 shares of the information services provider’s stock after selling 2,158 shares during the quarter. Alphabet comprises 1.2% of Evergreen Wealth Management LLC’s portfolio, making the stock its 28th biggest holding. Evergreen Wealth Management LLC’s holdings in Alphabet were worth $2,405,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of GOOG. Brighton Jones LLC lifted its holdings in Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after purchasing an additional 6,410 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its holdings in shares of Alphabet by 76.2% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider’s stock valued at $330,886,000 after purchasing an additional 806,681 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of Alphabet during the 2nd quarter valued at about $658,000. Financial Advisors Network Inc. boosted its holdings in shares of Alphabet by 7.7% during the 2nd quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider’s stock valued at $1,409,000 after purchasing an additional 565 shares during the last quarter. Finally, Ausdal Financial Partners Inc. boosted its holdings in shares of Alphabet by 10.7% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider’s stock valued at $6,618,000 after purchasing an additional 3,616 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of the sale, the director directly owned 2,531 shares of the company’s stock, valued at $995,341.06. The trade was a 29.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 617 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the sale, the chief accounting officer owned 10,093 shares of the company’s stock, valued at approximately $2,923,235.59. This represents a 5.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 226,481 shares of company stock worth $27,422,061 over the last 90 days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $384.83 on Thursday. The company has a market capitalization of $4.66 trillion, a price-to-earnings ratio of 29.35, a PEG ratio of 1.65 and a beta of 1.25. Alphabet Inc. has a 12 month low of $163.33 and a 12 month high of $404.47. The firm’s 50-day moving average is $340.34 and its 200 day moving average is $323.19. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.68 by $2.43. The company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm’s revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.81 EPS. Research analysts predict that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be given a $0.22 dividend. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet’s dividend payout ratio is presently 6.41%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Phillip Securities downgraded shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a report on Wednesday, April 15th. Raymond James Financial reissued a “strong-buy” rating and set a $425.00 price objective on shares of Alphabet in a report on Thursday, April 30th. DZ Bank raised shares of Alphabet to a “strong-buy” rating in a report on Monday, February 16th. Stifel Nicolaus set a $420.00 target price on Alphabet in a report on Wednesday, May 20th. Finally, UBS Group reiterated a “neutral” rating and issued a $348.00 target price (up from $345.00) on shares of Alphabet in a report on Thursday, February 12th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $372.65.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Investors are encouraged by Alphabet’s push to monetize AI in Search, including Gemini-powered ad formats and conversational ads that could expand search advertising revenue. Google Wants Ads to Talk Back in AI Search
• Positive Sentiment: Alphabet is also seeing bullish attention around its AI stack and cloud business, with coverage highlighting TPUs, AI compute services, and product momentum that could support long-term growth. Alphabet Ties AI Hardware Cloud And Ads As EU Scrutiny Rises
• Positive Sentiment: Recent analyst and market commentary remains constructive, with multiple reports pointing to strong prior earnings, elevated price targets, and continued investor interest in GOOG. GOOGL’s Innovative Ad Format to Boost Search Growth: What’s Ahead?
• Neutral Sentiment: News that a Google engineer was charged with insider trading on Polymarket is negative for headlines, but it appears to be an individual legal issue rather than a companywide operational problem. Google Employee Charged With Insider Trading on Polymarket
• Neutral Sentiment: Competitor and user-behavior articles suggest some users are testing alternatives like DuckDuckGo after Google’s AI Search overhaul, highlighting possible search-share pressure, though the long-term impact is still unclear. Some users may be giving Google’s AI search the bird, and DuckDuckGo is benefiting
• Negative Sentiment: Alphabet faces mounting regulatory risk, including reports that the EU may issue a record fine over alleged search monopoly practices, which could weigh on sentiment. Market Chatter: Alphabet’s Google Nears Record European Union Fine Over Alleged Search Monopoly
• Negative Sentiment: Several stories also say Google’s AI search redesign is pushing some users and marketers to rethink reliance on Google, which raises concern that AI changes could disrupt the traditional search ad model. OpenAI is building a new kind of ad machine. Early data suggests Google should worry.

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.