Menu Close

Evercore Wealth Management LLC Has $155.52 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Evercore Wealth Management LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,682 shares of the information services provider’s stock after buying an additional 622 shares during the period. Alphabet makes up approximately 2.8% of Evercore Wealth Management LLC’s investment portfolio, making the stock its 8th biggest position. Evercore Wealth Management LLC’s holdings in Alphabet were worth $155,519,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. SWS Partners bought a new stake in shares of Alphabet in the first quarter valued at approximately $28,000. Rational Advisors LLC bought a new stake in shares of Alphabet in the first quarter valued at approximately $28,000. IAG Wealth Partners LLC boosted its stake in shares of Alphabet by 120.0% in the first quarter. IAG Wealth Partners LLC now owns 11 shares of the information services provider’s stock valued at $31,000 after buying an additional 6 shares during the period. Rather & Kittrell Inc. bought a new stake in shares of Alphabet in the fourth quarter valued at approximately $34,000. Finally, Westchester Capital Management Inc. bought a new stake in shares of Alphabet in the first quarter valued at approximately $36,000. 1.49% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

NASDAQ GOOG opened at $111.87 on Tuesday. The company has a market capitalization of $1.46 trillion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.81 and a beta of 1.08. Alphabet Inc. has a twelve month low of $102.21 and a twelve month high of $152.10. The stock has a fifty day simple moving average of $114.47 and a 200 day simple moving average of $120.18. The company has a quick ratio of 2.78, a current ratio of 2.81 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.06). The company had revenue of $57.47 billion during the quarter, compared to analyst estimates of $57.55 billion. Alphabet had a net margin of 25.89% and a return on equity of 28.65%. During the same quarter in the previous year, the company earned $27.26 earnings per share. Sell-side analysts expect that Alphabet Inc. will post 5.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Credit Suisse Group set a $143.00 price objective on shares of Alphabet in a research report on Tuesday, July 19th. JPMorgan Chase & Co. set a $140.00 price objective on shares of Alphabet in a research report on Thursday, July 21st. Barclays set a $150.00 price objective on shares of Alphabet in a research report on Thursday, September 8th. Susquehanna lowered their price objective on shares of Alphabet from $187.00 to $150.00 in a research report on Wednesday, July 27th. Finally, MKM Partners lowered their price objective on shares of Alphabet from $165.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, July 18th. One research analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $158.05.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 34,799 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $118.25, for a total value of $4,114,981.75. Following the completion of the sale, the insider now directly owns 18,484 shares in the company, valued at $2,185,733. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, insider John Kent Walker sold 34,799 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $118.25, for a total transaction of $4,114,981.75. Following the sale, the insider now owns 18,484 shares of the company’s stock, valued at $2,185,733. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 1,109 shares of the company’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $2,166.74, for a total transaction of $2,402,914.66. Following the sale, the senior vice president now directly owns 1,608 shares in the company, valued at approximately $3,484,117.92. The disclosure for this sale can be found here. Insiders sold 44,536 shares of company stock worth $15,729,998 over the last three months. Company insiders own 12.99% of the company’s stock.

Alphabet Profile

(Get Rating)

Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Read More

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGGet Rating).

Receive News & Ratings for Alphabet Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alphabet and related companies with MarketBeat.com’s FREE daily email newsletter.