Western Financial Corp CA Has $222,000 Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Western Financial Corp CA decreased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 22.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,338 shares of the information services provider’s stock after selling 391 shares during the quarter. Western Financial Corp CA’s holdings in Alphabet were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. River Street Advisors LLC increased its position in shares of Alphabet by 9.0% in the 1st quarter. River Street Advisors LLC now owns 14,652 shares of the information services provider’s stock valued at $2,211,000 after buying an additional 1,208 shares in the last quarter. Richardson Capital Management LLC grew its stake in Alphabet by 87.5% in the first quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 140 shares during the period. Cornerstone Wealth Group LLC increased its holdings in shares of Alphabet by 60.5% in the first quarter. Cornerstone Wealth Group LLC now owns 62,799 shares of the information services provider’s stock worth $9,478,000 after acquiring an additional 23,684 shares in the last quarter. Avalon Capital Management raised its position in shares of Alphabet by 10.0% during the first quarter. Avalon Capital Management now owns 193,631 shares of the information services provider’s stock worth $29,225,000 after purchasing an additional 17,540 shares during the period. Finally, Gradient Capital Advisors LLC lifted its holdings in shares of Alphabet by 1.4% during the 1st quarter. Gradient Capital Advisors LLC now owns 21,245 shares of the information services provider’s stock valued at $3,207,000 after purchasing an additional 290 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Royal Bank of Canada increased their target price on Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a report on Wednesday. Morgan Stanley boosted their price objective on shares of Alphabet from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Wednesday. DA Davidson began coverage on Alphabet in a report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their price target on Alphabet from $200.00 to $208.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $205.51.

Alphabet Trading Down 1.9 %

Shares of NASDAQ:GOOGL opened at $171.11 on Friday. Alphabet Inc. has a 12-month low of $122.68 and a 12-month high of $191.75. The business has a 50 day moving average of $162.32 and a 200-day moving average of $168.79. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.11 trillion, a PE ratio of 26.24, a P/E/G ratio of 1.27 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. During the same period in the previous year, the company posted $1.55 EPS. As a group, equities research analysts forecast that Alphabet Inc. will post 7.65 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be paid a $0.20 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total value of $3,741,750.00. Following the completion of the sale, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total value of $230,804.28. Following the transaction, the chief accounting officer now directly owns 29,183 shares of the company’s stock, valued at $4,927,257.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the completion of the transaction, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 219,744 shares of company stock valued at $35,878,764. 11.55% of the stock is owned by company insiders.

About Alphabet

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