Western Financial Corp CA Sells 8,818 Shares of Alphabet Inc. $GOOGL

Western Financial Corp CA cut its position in Alphabet Inc. (NASDAQ:GOOGL) by 66.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,420 shares of the information services provider’s stock after selling 8,818 shares during the period. Western Financial Corp CA’s holdings in Alphabet were worth $1,521,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Financial Planning Navigators CORP lifted its stake in Alphabet by 3.7% during the 3rd quarter. Financial Planning Navigators CORP now owns 3,390 shares of the information services provider’s stock valued at $1,167,000 after acquiring an additional 120 shares during the period. Tenon Financial LLC boosted its holdings in shares of Alphabet by 11.6% during the 3rd quarter. Tenon Financial LLC now owns 1,786 shares of the information services provider’s stock valued at $615,000 after acquiring an additional 185 shares during the last quarter. Fortress Financial Solutions LLC purchased a new stake in shares of Alphabet during the 3rd quarter valued at about $850,000. Union Savings Bank boosted its holdings in shares of Alphabet by 1.7% during the 3rd quarter. Union Savings Bank now owns 14,563 shares of the information services provider’s stock valued at $5,011,000 after acquiring an additional 237 shares during the last quarter. Finally, Elmwood Wealth Management Inc. grew its stake in shares of Alphabet by 4.7% in the third quarter. Elmwood Wealth Management Inc. now owns 15,815 shares of the information services provider’s stock worth $5,442,000 after acquiring an additional 707 shares during the period. Institutional investors own 40.03% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Higher analyst target: JPMorgan raised its Alphabet price target to $425 from $420 and maintained an “overweight” rating, implying substantial upside based on Alphabet’s AI, advertising and cloud prospects. Alphabet stock information
• Positive Sentiment: AI commercialization is expanding: CNN signed a multiyear AI partnership with Google, while Google launched Universal Cart in the United States, allowing users to track products across Search and Gemini. These initiatives could strengthen Gemini adoption and Google’s commerce and enterprise offerings. CNN signs AI partnership with Google
• Positive Sentiment: Gemini momentum remains a key bullish argument: Recent coverage highlights Gemini 4 Argon’s rollout, enterprise capabilities and potential to keep Alphabet competitive with OpenAI, Anthropic and Meta. Alphabet’s cash-generating advertising business and relatively reasonable valuation provide additional support for the long-term investment case. Google expands Gemini capabilities
• Neutral Sentiment: AI infrastructure demand is a double-edged sword: Alphabet is committing heavily to data centers and reportedly plans roughly $30 billion in compute spending through a SpaceX contract. The investment may support growth but increases capital-expenditure and free-cash-flow pressure. Google SpaceX compute contract
• Negative Sentiment: Litigation headlines are accumulating: Several law firms publicized a securities class action alleging misleading disclosures concerning Gemini 3.5 Pro training results. The announcements are largely duplicative, but they add reputational and potential financial risk; the lead-plaintiff deadline is December 1, 2026. Alphabet securities class action
• Negative Sentiment: Near-term technical and security concerns remain: The recent AI-led market sell-off left Alphabet testing support near its 200-day moving average around $340. Google also warned that suspected China-linked hackers could exploit a BeyondTrust software flaw, creating potential cybersecurity and customer-confidence concerns. Google warning on BeyondTrust flaw

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GOOGL. JPMorgan Chase & Co. boosted their price objective on shares of Alphabet from $420.00 to $425.00 and gave the company an “overweight” rating in a report on Thursday. DA Davidson set a $350.00 price objective on shares of Alphabet and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Needham & Company LLC restated a “buy” rating and issued a $450.00 target price on shares of Alphabet in a report on Thursday, October 8th. Tigress Financial reaffirmed a “strong-buy” rating and issued a $485.00 target price (up from $415.00) on shares of Alphabet in a research report on Thursday, September 17th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $515.00 target price on shares of Alphabet in a research report on Wednesday, July 22nd. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Alphabet currently has a consensus rating of “Buy” and an average target price of $425.04.

Insider Buying and Selling

In related news, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer owned 27,386 shares of the company’s stock, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Frances Arnold sold 83 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the sale, the director owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 420,865 shares of company stock valued at $8,293,477. 11.61% of the stock is owned by insiders.

Alphabet Trading Up 0.5%

Shares of NASDAQ:GOOGL opened at $349.22 on Friday. The stock has a market capitalization of $4.27 trillion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.01 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The stock’s 50-day simple moving average is $344.54 and its two-hundred day simple moving average is $351.40. Alphabet Inc. has a 52-week low of $244.15 and a 52-week high of $408.61.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The business had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. Analysts expect that Alphabet Inc. will post 20.54 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, September 4th. Alphabet’s dividend payout ratio is 4.42%.

Alphabet Profile

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.