Alphabet Inc. $GOOG Stock Position Cut by Evercore Wealth Management LLC

Evercore Wealth Management LLC cut its position in Alphabet Inc. (NASDAQ:GOOG) by 6.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 887,425 shares of the information services provider’s stock after selling 65,578 shares during the quarter. Alphabet makes up approximately 4.0% of Evercore Wealth Management LLC’s investment portfolio, making the stock its 4th largest holding. Evercore Wealth Management LLC’s holdings in Alphabet were worth $254,567,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Imprint Wealth LLC bought a new position in shares of Alphabet during the 3rd quarter worth approximately $31,000. Nvest Wealth Strategies Inc. purchased a new stake in Alphabet during the fourth quarter valued at approximately $38,000. Lifetime Wealth Management P.C. acquired a new stake in Alphabet in the fourth quarter valued at approximately $38,000. Bard Associates Inc. acquired a new stake in Alphabet in the fourth quarter valued at approximately $41,000. Finally, Towne Trust Company N.A grew its holdings in Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after purchasing an additional 34 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Strong fundamentals are supporting the rebound. Alphabet’s latest quarter featured 24.2% revenue growth, an EPS beat, and an 82% year-over-year increase in Google Cloud revenue. Analysts and investors argue that AI adoption, Search resilience, YouTube growth, and improving cloud profitability can eventually justify the company’s large infrastructure investments. Alphabet: Buy The Capex-Caused Decline
• Positive Sentiment: Analyst and institutional backing remains constructive. Phillip Securities upgraded Alphabet to “strong buy,” while KeyCorp modestly raised its FY2028 EPS estimate. Asset Management One also added approximately 117,000 GOOGL shares, signaling continued institutional confidence despite recent volatility. Alphabet upgrade
• Positive Sentiment: YouTube expanded its monetization ecosystem. A multiyear agreement will bring Peacock content, including sports and entertainment programming, to YouTube Premium subscribers in the United States, potentially strengthening engagement and subscription value. YouTube and Peacock deal
• Neutral Sentiment: AI remains both the growth engine and the central debate. More than 1,100 technology employees urged governments to establish stronger AI-safety rules. The issue could increase compliance costs, but coordinated regulation may also benefit large, well-funded platforms such as Google over smaller competitors. AI safety plan
• Negative Sentiment: Capital-spending concerns continue to cap enthusiasm. Alphabet’s roughly $195 billion–$205 billion 2026 capex forecast has pushed free cash flow negative and raised questions about returns on AI infrastructure. Investors are looking for evidence that Cloud growth and AI monetization will outpace the spending burden.
• Negative Sentiment: European legal risks are escalating. Following a $1 billion Digital Markets Act fine, rivals could pursue as much as $10 billion in private damages claims, creating potential financial and operational pressure on Google’s European business. Google European damages claims

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $475.00 price target on shares of Alphabet in a research report on Thursday, July 23rd. Morgan Stanley lowered their price objective on Alphabet from $415.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. UBS Group restated a “neutral” rating and set a $379.00 target price (down from $400.00) on shares of Alphabet in a research note on Thursday, July 23rd. DZ Bank raised Alphabet to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, Wolfe Research set a $460.00 target price on Alphabet in a research report on Thursday, July 23rd. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $410.09.

Insider Transactions at Alphabet

In other Alphabet news, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the sale, the chief accounting officer owned 27,348 shares of the company’s stock, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 8,998 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the sale, the insider owned 75,290 shares in the company, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 285,049 shares of company stock valued at $10,051,351 in the last quarter. Insiders own 12.99% of the company’s stock.

Alphabet Stock Up 1.8%

NASDAQ:GOOG opened at $332.60 on Wednesday. The company has a market cap of $4.03 trillion, a PE ratio of 16.71, a P/E/G ratio of 0.95 and a beta of 1.23. Alphabet Inc. has a twelve month low of $188.70 and a twelve month high of $404.47. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $358.25 and its two-hundred day moving average is $337.68.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $6.24. The business had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the company posted $2.31 earnings per share. Analysts anticipate that Alphabet Inc. will post 19.79 EPS for the current year.

Alphabet Announces Dividend

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

Alphabet 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.