EverSource Wealth Advisors LLC Acquires 22,915 Shares of Alphabet Inc. $GOOG

EverSource Wealth Advisors LLC raised its stake in Alphabet Inc. (NASDAQ:GOOG) by 45.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,566 shares of the information services provider’s stock after buying an additional 22,915 shares during the period. Alphabet comprises about 0.6% of EverSource Wealth Advisors LLC’s portfolio, making the stock its 27th biggest position. EverSource Wealth Advisors LLC’s holdings in Alphabet were worth $21,103,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Talon Private Wealth LLC bought a new position in shares of Alphabet during the first quarter worth about $527,000. Core Wealth Advisors Inc. increased its position in Alphabet by 6.1% during the 1st quarter. Core Wealth Advisors Inc. now owns 2,837 shares of the information services provider’s stock valued at $814,000 after purchasing an additional 162 shares during the period. Rokos Capital Management LLP acquired a new stake in Alphabet during the 1st quarter valued at approximately $14,030,000. Eley Financial Management Inc raised its holdings in Alphabet by 9.3% during the 1st quarter. Eley Financial Management Inc now owns 25,060 shares of the information services provider’s stock worth $7,189,000 after purchasing an additional 2,133 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in Alphabet by 22.6% during the 1st quarter. Empowered Funds LLC now owns 420,149 shares of the information services provider’s stock worth $120,524,000 after purchasing an additional 77,536 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the transaction, the director owned 1,481 shares in the company, valued at approximately $545,941.03. This represents a 41.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 600,465 shares of company stock valued at $16,228,202. 12.99% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of analyst reports. Stifel Nicolaus set a $420.00 price objective on shares of Alphabet in a research note on Wednesday, May 20th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $450.00 price target on shares of Alphabet in a research report on Thursday, May 21st. Wells Fargo & Company decreased their price target on Alphabet from $418.00 to $411.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. UBS Group reissued a “neutral” rating and issued a $379.00 price objective (down from $400.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, TD Cowen restated a “buy” rating and set a $475.00 target price on shares of Alphabet in a research report on Thursday, July 23rd. Seven 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $410.09.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Strong quarterly fundamentals are supporting the rebound. Alphabet reported 24.2% year-over-year revenue growth to $119.8 billion, while Google Cloud revenue surged 82% and Search grew 17%. Analysts continue to see substantial long-term growth from AI adoption, cloud demand and advertising. Alphabet quarterly performance
• Positive Sentiment: Wall Street remains broadly bullish. Alphabet retains a “Buy” consensus, with reported price targets well above recent trading levels. Phillip Securities upgraded the stock to “strong buy,” while some analysts raised longer-term EPS estimates. Alphabet analyst ratings
• Positive Sentiment: Institutional demand provides a counterweight to recent selling. Asset Management One added approximately 117,000 GOOGL shares, and Ethic Inc. disclosed a new position worth an estimated $227.5 million in Alphabet’s Class A shares. These moves reinforce the view that the pullback may offer a long-term entry point. Institutional Alphabet holdings
• Neutral Sentiment: AI investment remains the key investor debate. Alphabet’s $195 billion–$205 billion 2026 capital-expenditure outlook is intended to support rapidly expanding cloud and AI demand, but the spending has pressured free cash flow and increased expectations for future monetization.
• Negative Sentiment: Regulatory liabilities are growing. Following a $1 billion European Digital Markets Act fine, rivals may seek up to $10 billion in private damages, potentially adding financial and operational pressure to Google’s European businesses. European lawsuits against Google
• Negative Sentiment: Insider and fund selling remain caution signals. Alphabet’s chief accounting officer sold shares, while Provident Trust and Resona Asset Management reduced their GOOG positions. These transactions are relatively small or portfolio-related, but they may weigh on sentiment after the earnings-driven pullback.

Alphabet Stock Up 1.0%

Shares of NASDAQ GOOG opened at $335.76 on Thursday. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.07 trillion, a PE ratio of 16.86, a P/E/G ratio of 0.95 and a beta of 1.23. The company’s fifty day simple moving average is $357.27 and its 200 day simple moving average is $337.75. Alphabet Inc. has a 12-month low of $188.70 and a 12-month high of $404.47.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating the consensus estimate of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. During the same period in the previous year, the firm posted $2.31 earnings per share. The business’s revenue was up 24.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Alphabet Inc. will post 20.15 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s payout ratio is presently 4.42%.

About Alphabet

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.