Evergreen Capital Management LLC Increases Stock Position in Alphabet Inc. $GOOGL

Evergreen Capital Management LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 7.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 242,393 shares of the information services provider’s stock after buying an additional 17,487 shares during the quarter. Alphabet makes up approximately 1.4% of Evergreen Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. Evergreen Capital Management LLC’s holdings in Alphabet were worth $58,926,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in Alphabet by 3.9% in the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after purchasing an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Alphabet by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after buying an additional 506 shares during the last quarter. Spirepoint Private Client LLC grew its position in shares of Alphabet by 0.7% in the 2nd quarter. Spirepoint Private Client LLC now owns 87,294 shares of the information services provider’s stock worth $15,384,000 after buying an additional 631 shares during the last quarter. TOWER TRUST & INVESTMENT Co raised its stake in shares of Alphabet by 1.8% during the 2nd quarter. TOWER TRUST & INVESTMENT Co now owns 14,259 shares of the information services provider’s stock worth $2,513,000 after acquiring an additional 248 shares in the last quarter. Finally, LVW Advisors LLC lifted its position in Alphabet by 12.5% during the second quarter. LVW Advisors LLC now owns 32,163 shares of the information services provider’s stock valued at $5,668,000 after acquiring an additional 3,581 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

GOOGL opened at $338.00 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $342.29. The firm has a 50 day moving average of $320.23 and a two-hundred day moving average of $264.99. The firm has a market capitalization of $4.08 trillion, a PE ratio of 33.33, a P/E/G ratio of 1.86 and a beta of 1.08.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, beating the consensus estimate of $2.29 by $0.58. The business had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. On average, analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 17,829 shares of the business’s stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $314.89, for a total value of $5,614,173.81. Following the completion of the transaction, the insider owned 42,972 shares of the company’s stock, valued at $13,531,453.08. The trade was a 29.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $312.30, for a total value of $867,569.40. Following the completion of the sale, the chief accounting officer owned 8,962 shares in the company, valued at $2,798,832.60. The trade was a 23.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 2,067,707 shares of company stock valued at $103,627,383. Company insiders own 11.64% of the company’s stock.

Trending Headlines about Alphabet

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Analyst Ratings Changes

Several equities analysts have issued reports on the stock. BNP Paribas Exane assumed coverage on shares of Alphabet in a report on Monday, November 24th. They issued an “outperform” rating and a $355.00 price target on the stock. Hsbc Global Res upgraded Alphabet to a “strong-buy” rating in a research note on Tuesday, October 7th. Wells Fargo & Company reissued a “positive” rating and issued a $350.00 price target (up previously from $268.00) on shares of Alphabet in a report on Monday, January 12th. Sanford C. Bernstein upped their price objective on shares of Alphabet from $260.00 to $305.00 and gave the company a “market perform” rating in a report on Thursday, October 30th. Finally, Morgan Stanley increased their price objective on shares of Alphabet from $270.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, forty-two have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $334.60.

Check Out Our Latest Stock Report on Alphabet

Alphabet Company Profile

(Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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