Alphabet Inc. $GOOG Stock Position Reduced by Evanson Asset Management LLC

Evanson Asset Management LLC decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 19.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,959 shares of the information services provider’s stock after selling 36,255 shares during the quarter. Alphabet accounts for approximately 2.5% of Evanson Asset Management LLC’s holdings, making the stock its 13th largest position. Evanson Asset Management LLC’s holdings in Alphabet were worth $46,430,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its stake in Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after acquiring an additional 6,410 shares during the period. Boston Partners boosted its stake in Alphabet by 239.7% in the second quarter. Boston Partners now owns 63,128 shares of the information services provider’s stock valued at $11,198,000 after acquiring an additional 44,546 shares during the period. Capital Fund Management S.A. grew its holdings in shares of Alphabet by 12.8% during the second quarter. Capital Fund Management S.A. now owns 43,060 shares of the information services provider’s stock valued at $7,638,000 after purchasing an additional 4,901 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Alphabet by 72.0% during the second quarter. Mackenzie Financial Corp now owns 718,316 shares of the information services provider’s stock valued at $127,422,000 after purchasing an additional 300,763 shares during the last quarter. Finally, Rinkey Investments raised its position in shares of Alphabet by 87.8% during the 2nd quarter. Rinkey Investments now owns 2,782 shares of the information services provider’s stock worth $494,000 after purchasing an additional 1,301 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Needham & Company LLC set a $400.00 price target on Alphabet and gave the stock a “buy” rating in a report on Friday, March 13th. KeyCorp set a $370.00 price objective on Alphabet in a research note on Thursday, February 5th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Alphabet in a research report on Tuesday, January 20th. Piper Sandler reiterated an “overweight” rating and issued a $395.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Finally, TD Cowen reissued a “buy” rating and set a $365.00 price target (up from $355.00) on shares of Alphabet in a report on Thursday, February 5th. Nine equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $345.71.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $273.76 on Friday. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $350.15. The company has a market cap of $3.31 trillion, a PE ratio of 25.32, a P/E/G ratio of 1.60 and a beta of 1.10. The stock has a 50 day simple moving average of $312.93 and a 200-day simple moving average of $295.39. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, February 5th. The information services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.59 by $0.23. The firm had revenue of $113.83 billion for the quarter, compared to analysts’ expectations of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm’s revenue was up 18.0% compared to the same quarter last year. During the same period last year, the firm earned $2.15 EPS. On average, equities research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is 7.77%.

Insider Buying and Selling 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 sale, the chief executive officer directly owned 1,642,060 shares in the company, valued at $505,573,853.40. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 955 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the completion of the transaction, the chief accounting officer owned 9,918 shares of the company’s stock, valued at $2,955,564. This represents a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 2,110,165 shares of company stock valued at $118,134,117. 12.99% of the stock is currently owned by insiders.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is deepening its AI infrastructure ties by backing a massive Texas data‑center project to be leased by Anthropic — a strategic move that secures capacity for large AI models and strengthens a key partner relationship. Read More.
• Positive Sentiment: Wall Street has been raising targets: Needham and other analysts have issued $400+/high‑3xx targets and firms like Wells Fargo raised theirs recently — supporting medium‑term upside narratives despite the pullback. Read More.
• Positive Sentiment: Fundamentals remain strong: recent quarterly beats, accelerating Google Cloud backlog (~$240B reported), and rapid Gemini adoption underpin revenue visibility and long‑term growth expectations. Read More.
• Positive Sentiment: Google Research’s TurboQuant memory‑compression work has spooked memory suppliers but can be a net positive for Alphabet — lower AI infrastructure costs and greater model efficiency improve margins and competitive positioning. Read More.
• Neutral Sentiment: Technically the stock is in a correction from its highs and some commentators frame the selloff as a buying opportunity; price action below key short‑term supports is increasing volatility but not yet changing the longer‑term bull case. Read More.
• Negative Sentiment: Legal risk intensified after a high‑profile jury found YouTube (Alphabet) liable in a social‑media addiction bellwether case — the direct damages are small but the ruling increases headline and litigation risk across many pending suits and could force product or regulatory changes that hit engagement/ads. Read More.
• Negative Sentiment: Broader market and geopolitical pressures: a tech sector selloff (Nasdaq weakness, Iran war worries) and legal blows to peers like Meta have amplified outflows from large cap tech, pressuring GOOG along with the group. Read More.
• Negative Sentiment: Institutional/insider moves and high‑profile position trims (reported sales and some billionaire reductions) add selling pressure and headline risk in the near term. Read More.

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.