WESPAC Advisors SoCal LLC Sells 4,473 Shares of Alphabet Inc. $GOOGL

Key Points

• WESPAC Advisors SoCal LLC reduced its Alphabet stake by 6.0% in the first quarter, selling 4,473 shares and ending with 69,811 shares worth about $20.1 million. Alphabet remains the firm’s second-largest holding.
• Alphabet is getting a significant boost from the market and analysts, including its upcoming addition to the Dow Jones Industrial Average and multiple reaffirmed or raised price targets, with consensus still at a Moderate Buy.
• The company’s fundamentals remain strong, with the latest quarter showing EPS of $5.11 versus $2.64 expected and revenue of $109.9 billion. Alphabet also raised its quarterly dividend to $0.22 per share, though concerns persist around AI competition and recent insider selling.

WESPAC Advisors SoCal LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 69,811 shares of the information services provider's stock after selling 4,473 shares during the quarter. Alphabet makes up 4.3% of WESPAC Advisors SoCal LLC's holdings, making the stock its 2nd biggest holding. WESPAC Advisors SoCal LLC's holdings in Alphabet were worth $20,075,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of GOOGL. Lifetime Wealth Management P.C. acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $32,000. EMC Capital Management bought a new stake in Alphabet during the 4th quarter worth approximately $33,000. PMV Capital Advisers LLC bought a new stake in Alphabet during the 4th quarter worth approximately $38,000. IFC & Insurance Marketing Inc. acquired a new position in Alphabet in the 4th quarter valued at approximately $38,000. Finally, Bard Associates Inc. acquired a new position in Alphabet in the 4th quarter valued at approximately $52,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet will replace Verizon in the Dow Jones Industrial Average effective June 29, a notable prestige boost that could support passive fund buying and improve investor sentiment. Alphabet Set to Join and Honeywell International to Remain in Dow Jones Industrial Average
• Positive Sentiment: Jefferies reaffirmed its Buy rating on Alphabet, reinforcing confidence in the company’s long-term outlook. Alphabet had its "buy" rating reaffirmed by Jefferies Financial Group Inc.
• Positive Sentiment: Alphabet remains a major AI infrastructure beneficiary, with reports noting accelerating demand at Google Cloud, quarterly cloud revenue above $20 billion, and strong enterprise AI adoption. Alphabet Rides on Accelerating AI Infrastructure Demand: What's Ahead?
• Neutral Sentiment: Google DeepMind announced a $75 million AI research partnership with A24, signaling continued investment in AI applications outside core search and cloud. Google DeepMind signs AI research deal with film studio A24
• Neutral Sentiment: Alphabet is still dominant in search, but new reports suggest competition from AI-powered alternatives is putting pressure on its long-term search leadership. Google's online dominance Is showing signs of cracking in AI era
• Negative Sentiment: Investor sentiment was hurt by the departure of key AI figures, including Noam Shazeer and John Jumper, raising concerns that Alphabet is losing talent to OpenAI and Anthropic. Alphabet paces for worst day in a year on AI concerns after high-profile exits
• Negative Sentiment: Several reports say Google’s search dominance may be starting to crack as users test non-AI or AI-free search options, adding pressure on the company’s core revenue engine. Google Losing Ground as Consumers Seek Out Non-AI Search
• Negative Sentiment: Broader market concern over heavy AI capital spending and higher rates also weighed on megacap tech shares, contributing to Alphabet’s weakness. Alphabet, SpaceX, Intel, and More Stocks That Explain Today's Market

Insider Buying and Selling

In related news, Director Frances Arnold sold 102 shares of the business's stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $381.00, for a total value of $38,862.00. Following the completion of the sale, the director directly owned 18,721 shares of the company's stock, valued at $7,132,701. The trade was a 0.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 160,516 shares of company stock worth $7,344,604 over the last 90 days. 11.61% of the stock is owned by company insiders.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $346.66 on Wednesday. The company has a fifty day moving average of $368.25 and a 200-day moving average of $332.50. The firm has a market capitalization of $4.20 trillion, a P/E ratio of 26.44, a P/E/G ratio of 1.50 and a beta of 1.23. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a twelve month low of $166.13 and a twelve month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $2.47. The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. As a group, sell-side analysts anticipate that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were given a dividend of $0.22 per share. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's payout ratio is currently 6.71%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $450.00 target price on shares of Alphabet in a research report on Wednesday, June 3rd. Evercore increased their price target on Alphabet from $400.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, April 30th. Arete Research lifted their price objective on Alphabet from $405.00 to $425.00 and gave the stock a "buy" rating in a research note on Monday, May 18th. Rothschild & Co Redburn increased their target price on shares of Alphabet from $390.00 to $430.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Finally, Wolfe Research lowered their price target on shares of Alphabet from $390.00 to $360.00 and set an "outperform" rating for the company in a report on Friday, April 10th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and an average target price of $413.13.

Alphabet Company Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google's core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google's consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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