Alphabet Inc. $GOOGL Stake Decreased by Cliftonlarsonallen Wealth Advisors LLC

Key Points

• Cliftonlarsonallen Wealth Advisors LLC reduced its Alphabet stake by 17.1% in the third quarter, selling 5,155 shares and retaining 24,914 shares valued at $8.57 million. Institutional investors and hedge funds collectively own 40.03% of Alphabet.
• Analysts remain broadly bullish: JPMorgan, Wells Fargo and Barclays raised their price targets, while Alphabet carries a consensus “Buy” rating and an average target of $425.04.
• Alphabet’s AI expansion, including Gemini and new commercial partnerships, supports its growth outlook, but heavy infrastructure spending, litigation concerns and cybersecurity risks remain potential headwinds.

Cliftonlarsonallen Wealth Advisors LLC cut its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 17.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,914 shares of the information services provider's stock after selling 5,155 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC's holdings in Alphabet were worth $8,572,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Titleist Asset Management LLC lifted its holdings in shares of Alphabet by 6.4% during the third quarter. Titleist Asset Management LLC now owns 34,613 shares of the information services provider's stock worth $11,909,000 after purchasing an additional 2,096 shares during the period. PFG Investments LLC increased its holdings in Alphabet by 2.6% in the first quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock valued at $25,679,000 after purchasing an additional 2,269 shares during the period. Elefante Mark B increased its holdings in Alphabet by 4.5% in the second quarter. Elefante Mark B now owns 43,733 shares of the information services provider's stock valued at $15,629,000 after purchasing an additional 1,897 shares during the period. Nwam LLC increased its holdings in Alphabet by 19.6% in the first quarter. Nwam LLC now owns 49,128 shares of the information services provider's stock valued at $14,127,000 after purchasing an additional 8,055 shares during the period. Finally, WCM Investment Management LLC raised its position in Alphabet by 287.4% during the 1st quarter. WCM Investment Management LLC now owns 3,886 shares of the information services provider's stock worth $1,063,000 after purchasing an additional 2,883 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet News Roundup

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 Analyst Weigh In

Several research analysts have commented on GOOGL shares. JPMorgan Chase & Co. lifted their target price on Alphabet from $420.00 to $425.00 and gave the stock an "overweight" rating in a report on Thursday. Wells Fargo & Company reiterated an "overweight" rating and issued a $417.00 price target (up from $411.00) on shares of Alphabet in a research report on Tuesday, October 6th. Morgan Stanley set a $400.00 price target on Alphabet and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Barclays restated an "overweight" rating and set a $425.00 price objective (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Wedbush restated an "outperform" rating and set a $445.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $425.04.

Alphabet Stock Performance

Shares of GOOGL opened at $349.22 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $4.27 trillion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21. The firm's fifty day simple moving average is $344.54 and its two-hundred day simple moving average is $351.40. Alphabet Inc. has a 12 month low of $244.15 and a 12 month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping 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 firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. As a group, analysts predict that Alphabet Inc. will post 20.54 EPS for the current year.

Alphabet Dividend Announcement

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

Insider Activity at Alphabet

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $28,257.35. Following the completion of the transaction, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 420,865 shares of company stock worth $8,293,477 in the last 90 days. Corporate insiders own 11.61% of the company's stock.

Alphabet Company 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.

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