Evergreen Capital Management 13F: Cuts GOOGL Stake by $5.7M

Evergreen Capital Management lowered its stake in Alphabet Inc. GOOGL by 16,594 shares during the quarter, according to a Form 13F filing with the SEC on October 23, 2026.

GOOGL Alphabet Inc.

$324.22 ▲ +3.08% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Evergreen Capital Management's Alphabet Inc. Position

The fund reduced its holdings by 6.26% compared to the prior period. It held 265,066 shares previously and wrapped up the quarter with 248,472 shares. The remaining stake carried a reported value of $85,494,104 based on the filing details.

Other Institutional Activity in Alphabet Inc.

Other institutional investors adjusted their positions in Alphabet Inc. as well during the filing window. Badgley Phelps Wealth Managers grew its holdings by 3,573 shares, ending with 307,656 shares worth about $105,858,152. BSN Capital Partners sold its entire stake of 271,250 shares, dropping its holdings to 0 shares valued at $0. Wilmington Savings Fund Society lowered its stake in Alphabet Inc. by 6.25% during the quarter, holding 100,271 shares worth about $34,501,246 as of its October 23, 2026 filing. NTV Asset Management added 2,887 shares for a 6.80% increase, ending with 45,342 shares worth about $15,601,521. Mondrian Investment Partners reduced its holdings by 244,864 shares, ending with 292,349 shares worth about $100,591,444.

Alphabet Inc. Stock Down 4.3%

Alphabet Inc. shares recently traded around $320.25 as of October 24, 2026. The stock closed at $320.21 on the filing date of October 23, 2026. Shares sit below both the 50-day moving average of $343.47 and the 200-day moving average of $341.32. The stock trades well below its 52-week high of $408.61 while staying above its 52-week low of $251.85.

Recent Earnings

Alphabet Inc. generated $445,859,984,000 in trailing-twelve-month revenue with earnings of $19.93 per share. The internet services giant reported a net profit margin of 54.8% and a return on equity of 48.7%. The next earnings report is scheduled for October 28, 2026, after the market close.

Dividend

Alphabet Inc. pays an annual dividend of $0.88 per share, which translates to a dividend yield of 0.27%. The company maintains a conservative payout ratio of 4.3%.

Insider Buying and Selling at Alphabet Inc.

Director Kavitark Ram Shriram sold 33,566 shares on July 18, 2025, at an average price of $185.76 for a total value of $6,235,220. The same director sold another 26,000 shares on August 15, 2025, at $205.00 per share for a total of $5,330,000. Later, director John L Hennessy sold 600 shares on January 13, 2026, valued at $202,514, and another 600 shares on February 13, 2026, valued at $184,037.

Analysts Set New Price Targets

Analyst firms frequently update their outlooks on Alphabet Inc. On October 14, 2026, UBS maintained a Neutral rating with a $380 price target, up from $379. JP Morgan maintained an Overweight rating on October 15, 2026, raising its target to $425 from $420. Keybanc maintained an Overweight rating on October 19, 2026, lowering its target to $410 from $435. BMO Capital maintained an Outperform rating on October 20, 2026, lifting its target to $480 from $465. Citizens maintained a Market Outperform rating on October 22, 2026, adjusting its target to $450 from $515. The stock holds a consensus recommendation of strong buy across 54 analyst opinions, with a mean price target of $429.12.

About Alphabet Inc.

Alphabet Inc. operates internet search, advertising, cloud computing, and mobile operating system platforms globally. Its primary operations include Google Services, Google Cloud, and various experimental business segments known as Other Bets. Institutional adjustments in the company arrive as investors weigh its ongoing digital advertising revenue against massive capital expenditures in artificial intelligence infrastructure.

Bottom Line

Evergreen Capital Management's decision to trim its position sits alongside mixed moves from other institutional money managers during the same period. Investors will get a fresh look at the company's financial health when management releases quarterly earnings on October 28, 2026.