Alphabet Inc. (NASDAQ:GOOG) Position Decreased by Evercore Wealth Management LLC

Evercore Wealth Management LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,023,871 shares of the information services provider's stock after selling 6,942 shares during the quarter. Alphabet comprises 2.9% of Evercore Wealth Management LLC's holdings, making the stock its 7th largest holding. Evercore Wealth Management LLC's holdings in Alphabet were worth $194,986,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GOOG. Beck Capital Management LLC lifted its holdings in shares of Alphabet by 0.5% in the 4th quarter. Beck Capital Management LLC now owns 29,655 shares of the information services provider's stock worth $5,647,000 after acquiring an additional 155 shares during the last quarter. Mar Vista Investment Partners LLC boosted its position in shares of Alphabet by 4.5% during the fourth quarter. Mar Vista Investment Partners LLC now owns 274,339 shares of the information services provider's stock worth $52,245,000 after buying an additional 11,694 shares during the period. Oxford Wealth Group LLC grew its stake in shares of Alphabet by 3.8% in the fourth quarter. Oxford Wealth Group LLC now owns 3,069 shares of the information services provider's stock valued at $584,000 after buying an additional 111 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at $9,663,000. Finally, MGO One Seven LLC raised its holdings in shares of Alphabet by 15.7% in the 4th quarter. MGO One Seven LLC now owns 96,797 shares of the information services provider's stock valued at $18,434,000 after buying an additional 13,113 shares during the period. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Stock Up 1.5 %

GOOG stock traded up $2.38 during trading on Friday, hitting $163.85. 35,100,087 shares of the company's stock were exchanged, compared to its average volume of 19,459,690. The business has a 50-day moving average price of $164.25 and a two-hundred day moving average price of $177.16. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.77. The business had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, equities research analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.49%. Alphabet's dividend payout ratio is presently 9.94%.

Insiders Place Their Bets

In other news, CAO Amie Thuener O'toole sold 1,340 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares of the company's stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 17,690 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the sale, the insider now owns 43,111 shares of the company's stock, valued at $7,997,521.61. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 148,163 shares of company stock valued at $25,361,647. 12.99% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on GOOG shares. Benchmark reaffirmed a "negative" rating on shares of Alphabet in a research report on Wednesday, February 5th. Citigroup reaffirmed a "sell" rating on shares of Alphabet in a research note on Wednesday. Wedbush reiterated an "outperform" rating and set a $220.00 target price on shares of Alphabet in a report on Thursday, January 30th. Morgan Stanley restated an "overweight" rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Rosenblatt Securities reiterated a "neutral" rating on shares of Alphabet in a research note on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $203.94.

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.