Alphabet Inc. $GOOG is Evergreen Capital Management LLC's 7th Largest Position

Key Points

• Evergreen Capital trimmed its stake in Alphabet by 1.1% in Q4 to 252,636 shares (≈$79.28M), which is about 1.8% of its portfolio and makes GOOG its 7th-largest holding.
• Earnings and Cloud surge: Alphabet beat Q1 expectations with EPS $5.11 vs ~$2.64 and revenue $109.9B, while Google Cloud grew ~63% to ~$20B with a cited ~$460B backlog, prompting analyst upgrades and a stock rally.
• Insider selling: CEO Sundar Pichai sold 32,500 shares for roughly $10.0M and insiders have sold 191,884 shares (≈$59.12M) in the past 90 days, signaling notable insider reductions.

Evergreen Capital Management LLC reduced its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 252,636 shares of the information services provider's stock after selling 2,770 shares during the period. Alphabet accounts for approximately 1.8% of Evergreen Capital Management LLC's portfolio, making the stock its 7th largest holding. Evergreen Capital Management LLC's holdings in Alphabet were worth $79,277,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GOOG. Imprint Wealth LLC purchased a new stake in shares of Alphabet during the 3rd quarter valued at approximately $31,000. Manning & Napier Advisors LLC purchased a new position in Alphabet in the 3rd quarter valued at approximately $32,000. Tripletail Wealth Management LLC bought a new position in shares of Alphabet in the third quarter worth $40,000. Towne Trust Company N.A boosted its holdings in shares of 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 acquiring an additional 34 shares during the period. Finally, Lynch Asset Management Inc. purchased a new position in shares of Alphabet in the third quarter valued at $61,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the completion of the transaction, the chief executive officer directly owned 1,642,060 shares of the company's stock, valued at $505,573,853.40. This trade represents a 1.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 8,993 shares of the firm's stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the transaction, the insider directly owned 51,808 shares of the company's stock, valued at $14,293,309.12. This represents a 14.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 191,884 shares of company stock worth $59,121,365. 12.99% of the stock is owned by corporate insiders.

Alphabet Trading Up 10.0%

Shares of GOOG opened at $381.94 on Friday. Alphabet Inc. has a fifty-two week low of $149.49 and a fifty-two week high of $382.63. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a 50 day moving average price of $312.44 and a 200-day moving average price of $307.77. The firm has a market cap of $4.62 trillion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.15 and a beta of 1.13.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $2.47. The firm had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 41.25%. The business's revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the business earned $2.81 earnings per share. As a group, equities research analysts forecast that Alphabet Inc. will post 11.54 earnings per share 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 issued a $0.22 dividend. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet's dividend payout ratio (DPR) is currently 7.77%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 earnings materially beat expectations — EPS $5.11 vs. ~$2.63 consensus and revenue of $109.9B, which reset near-term growth expectations and drove the initial rally. Alphabet Q1 earnings
• Positive Sentiment: Google Cloud surged ~63% to ~$20B and management cited a massive cloud backlog (~$460B), giving multi-year revenue visibility and validating AI monetization. Reuters: Cloud beats
• Positive Sentiment: Wall Street is raising targets and upgrading ratings after the quarter (JPMorgan, TD Cowen, Scotiabank and others), providing fresh buy-side momentum and higher upside expectations. 247WallSt: Price target lifts
• Positive Sentiment: Product execution signals: Gemini AI is being rolled out to millions of vehicles and Waymo continues geographic expansion — both expand addressable markets for AI services and ads/subscriptions. TechCrunch: Gemini in cars Business Insider: Waymo growth
• Positive Sentiment: Capital returns: company raised the quarterly dividend (small yield) and continues large buybacks, supporting shareholder returns alongside growth.
• Neutral Sentiment: CapEx and cash-flow tradeoff — management raised 2026 capex guidance (to as much as ~$180–190B) to scale AI infrastructure; this supports long-term growth but will pressure free cash flow near term. CNBC: capex update
• Negative Sentiment: Regulatory risk is rising — Italy has asked the EU to probe Google’s AI search tools and Switzerland opened a probe into alleged keyword bidding pacts; Brazil advanced an antitrust review — any adverse rulings could affect ad/product rules and monetization. Reuters: Italy probe Reuters: Switzerland probe

Analyst Ratings Changes

A number of analysts recently issued reports on GOOG shares. Sanford C. Bernstein reissued a "market perform" rating and set a $345.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Jefferies Financial Group reiterated a "buy" rating and set a $365.00 price target on shares of Alphabet in a research report on Monday, January 5th. BMO Capital Markets restated an "outperform" rating and issued a $400.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research note on Monday, April 20th. Finally, Pivotal Research reiterated a "buy" rating and issued a $470.00 target price (up from $420.00) on shares of Alphabet in a research note on Wednesday. Seven research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Alphabet has a consensus rating of "Buy" and an average price target of $362.73.

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.

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