Evergreen Wealth Management LLC Has $1.19 Million Stake in Alphabet Inc. (NASDAQ:GOOG)

Evergreen Wealth Management LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,412 shares of the information services provider’s stock after acquiring an additional 301 shares during the period. Evergreen Wealth Management LLC’s holdings in Alphabet were worth $1,186,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in GOOG. Bruce G. Allen Investments LLC bought a new stake in shares of Alphabet during the 4th quarter worth $26,000. Tandem Wealth Advisors LLC bought a new position in shares of Alphabet during the third quarter valued at $25,000. Equitec Proprietary Markets LLC acquired a new position in Alphabet during the 4th quarter worth about $28,000. DiNuzzo Private Wealth Inc. bought a new position in Alphabet during the 4th quarter worth approximately $32,000. Finally, Buck Wealth Strategies LLC bought a new stake in Alphabet during the third quarter valued at $32,000. 27.26% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In other news, CFO Ruth Porat sold 48,077 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the sale, the chief financial officer now directly owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Ruth Porat sold 48,077 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $137.22, for a total value of $6,597,125.94. Following the completion of the transaction, the chief financial officer now owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 300 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $139.51, for a total value of $41,853.00. Following the sale, the director now owns 9,291 shares in the company, valued at approximately $1,296,187.41. The disclosure for this sale can be found here. Insiders sold 275,129 shares of company stock worth $40,382,765 over the last three months. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Performance

GOOG stock traded up $0.03 during trading on Monday, reaching $169.02. The stock had a trading volume of 10,096,434 shares, compared to its average volume of 22,693,281. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The firm has a market cap of $2.09 trillion, a PE ratio of 25.86, a PEG ratio of 1.26 and a beta of 1.02. The stock’s 50 day moving average is $151.46 and its two-hundred day moving average is $143.74. Alphabet Inc. has a 52 week low of $105.79 and a 52 week high of $176.42.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.38. The company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. Alphabet’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the company posted $1.17 earnings per share. As a group, equities analysts anticipate that Alphabet Inc. will post 7.66 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GOOG. Morgan Stanley reaffirmed an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Oppenheimer boosted their target price on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Raymond James raised their price objective on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Stifel Nicolaus increased their price target on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Susquehanna boosted their price objective on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $165.67.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.