Axxcess Wealth Management 13F: Cuts Alphabet (GOOG) Stake by $16M
Key Points
- Axxcess Wealth Management cut its Alphabet Inc. position by 53,566 shares, leaving it with 52,556 shares valued at roughly $16.1 million.
- Alphabet Inc. reported trailing-twelve-month revenue of $445.87 billion alongside an earnings per share figure of $19.93, with its next earnings report scheduled for October 28, 2026.
- Several institutions adjusted their positions recently, while analysts continue to cover the tech giant ahead of its upcoming financial results.
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What Changed in Axxcess Wealth Management's Alphabet Position
Axxcess Wealth Management reduced its investment in Alphabet Inc. GOOG by 53,566 shares during the period, according to a Form 13F filing on October 21, 2026. The 50.48% reduction left the firm with 52,556 shares of the technology provider. The remaining stake carried a reported value of $16,109,666 at the time of the filing. Alphabet shares closed at $330.95 on the filing date.
GOOG
Alphabet Inc.
Other Institutional Activity in Alphabet
Other institutional investors also adjusted their positions around the same time. Accurate Wealth Management grew its holdings by 3,567 shares, ending with 18,062 shares worth about $6,312,464. AlphaStar Capital Management raised its stake by 1,775 shares to finish with 16,998 shares valued at approximately $5,791,932. PensionDanmark Pensionsforsikringsaktieselskab trimmed its holdings by 37,043 shares, holding 997,490 shares worth about $339,884,743. James Hambro & Partners reduced its position by 11,984 shares to end with 658,442 shares valued at roughly $224,390,449. Meanwhile, Cache Advisors expanded its holdings significantly, adding 76,187 shares for a total of 185,417 shares worth about $63,178,990.
Alphabet Inc. Stock Down 3.6%
Alphabet shares recently traded around $324.40 on October 22, 2026, putting the stock down about 2.0% since the filing. The company carries a market capitalization above $4 trillion.
Recent Earnings
Alphabet reported $445.87 billion in trailing-twelve-month revenue alongside basic earnings of $19.93 per share. The company operates through segments like Google Services, Google Cloud, and Other Bets, providing search engines, cloud computing, operating systems, and online video platforms. Its next quarterly financial update is slated for October 28, 2026.
Dividend
Alphabet pays an annual dividend of $0.88 per share, which translates to a dividend yield of 0.27% based on current trading levels. The payout ratio sits at 4.3% of earnings.
Insider Buying and Selling at Alphabet Inc.
Company insiders executed several transactions prior to the filing. Officer Marsida Saraci sold 449 shares on July 29, 2026, for a total of $149,607. Director Frances H. Arnold sold 82 shares on July 30, 2026, for $27,338, and disposed of another 82 shares on August 28, 2026, for $27,692.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock over the summer and fall. JP Morgan maintained its Overweight rating while adjusting its price target to $420.00 on July 23, 2026, and later to $425.00 on October 15, 2026. TD Cowen reiterated a Buy rating with a $475.00 target on July 23, 2026, and subsequently raised its target to $485.00 on October 8, 2026. UBS maintained a Neutral rating with a price target of $380.00 on October 14, 2026.
About Alphabet
Alphabet Inc. delivers digital products, advertising platforms, and cloud infrastructure globally. Its ecosystem includes consumer software, hardware devices, and enterprise services used by billions of people daily.
Bottom Line
Investors are keeping a close watch on Alphabet as the company prepares to release its next earnings report on October 28, 2026. Future institutional disclosures and analyst notes will provide additional clarity on how major stakeholders view the company's growth trajectory.
Related Filing Alerts
Source: Axxcess Wealth Management's 13F filing on $GOOG (Oct 21, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts