Perigon Wealth Management 13F: Cuts GOOGL Stake by $5.4M

Perigon Wealth Management reduced its holdings in Alphabet Inc. (GOOGL) by 15,808 shares during the quarter, according to a Form 13F filed with the SEC on October 22, 2026. The firm owned 209,137 shares of the internet giant at the end of the period, with a reported value of $71,959,796.00. That adjustment marked a 7.0% decrease in the fund's stake. Alphabet closed at $324.22 on the filing date.

GOOGL Alphabet Inc.

$324.22 ▲ +3.08% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Perigon Wealth Management's Alphabet Position

Perigon Wealth Management trimmed its exposure to the communication services provider by selling 15,808 shares. The reduction brought its total share count down from 249,455 shares to 209,137 shares. The remaining stake carried a value of roughly $71.96 million based on period-end figures.

Other Institutional Activity in Alphabet

Institutional investors adjusted their positions across the board during the quarter. True North Advisors cut its holdings in Alphabet Inc. (GOOGL) by 51,781 shares, ending with 40,522 shares worth about $13,942,747.00 in a filing on October 22, 2026, representing a 56.1% reduction.

Alphabet Inc. Stock Down 4.7%

Alphabet Inc. shares recently traded around $324.21 as of October 23, 2026, sitting right around the $324.22 close recorded on October 22, 2026. The stock trades below its 50-day moving average of $343.85 and its 200-day moving average of $341.27. Over the past 52 weeks, shares have ranged from a low of $249.29 to a high of $408.61.

Recent Earnings

Alphabet Inc. reported trailing twelve month revenue of $445.87 billion alongside earnings of $19.93 per share. The company is scheduled to release its next financial results on October 28, 2026.

Dividend

The company pays an annual dividend rate of $0.88 per share, giving investors a dividend yield of 0.26% with a payout ratio of 4.3%.

Insider Buying and Selling at Alphabet Inc.

Company insiders executed several share sales over the course of the past year. Director Kavitark Ram Shriram sold 33,566 shares at an average price of $185.76 on July 18, 2025, for a total value of $6,235,220.00. Later, on August 15, 2025, Shriram sold another 26,000 shares at $205.00 apiece, totaling $5,330,000.00. Director John L Hennessy also sold 600 shares on January 13, 2026, worth $202,514.00, and followed up by offloading another 600 shares on February 13, 2026, valued at $184,037.00.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. UBS maintained a neutral rating and raised its target to $380.00 on October 14, 2026. JP Morgan kept an overweight rating and lifted its target to $425.00 on October 15, 2026. Keybanc maintained an overweight rating with a $410.00 target on October 19, 2026, while BMO Capital kept an outperform rating and a $480.00 target on October 20, 2026. Citizens maintained a market outperform rating with a $450.00 target on October 22, 2026. Overall, the stock carries a consensus strong buy rating from 54 analysts with a mean price target of $430.33.

About Alphabet

Alphabet Inc. operates major digital platforms across search, advertising, cloud computing, and mobile operating systems. Its ecosystem includes Google Search, YouTube, Android, and Google Cloud, serving billions of users and enterprises globally. Institutional adjustments in the stock arrive as market participants monitor its core advertising engine and cloud growth trajectory.

Bottom Line

Investors will watch closely as Alphabet Inc. prepares to report its next earnings results on October 28, 2026. Future institutional filings and insider transactions will offer further clues on how major market players view the company's valuation.