Cannon Capital Management Inc. Buys New Shares in Alphabet Inc. $GOOG

Key Points

• Cannon Capital Management disclosed a new position in Alphabet, buying 8,225 shares worth about $2.58 million. The stake makes GOOG about 2.3% of its portfolio and its 12th-largest holding.
• Alphabet reported a strong quarter, with EPS of $5.11 on revenue of $109.9 billion, both beating analyst expectations. Revenue rose 21.8% year over year, and the company also lifted its quarterly dividend to $0.22 per share.
• Analyst sentiment remains broadly positive, with the stock carrying an average Buy rating and an average target price of $362.73. However, the article also notes ongoing insider selling and continuing regulatory/legal risks in Europe and the UK.

Cannon Capital Management Inc. bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,225 shares of the information services provider's stock, valued at approximately $2,581,000. Alphabet comprises approximately 2.3% of Cannon Capital Management Inc.'s investment portfolio, making the stock its 12th biggest holding.

A number of other hedge funds also recently made changes to their positions in GOOG. Tradewinds LLC. increased its position in shares of Alphabet by 2,134.8% during the 3rd quarter. Tradewinds LLC. now owns 45,098 shares of the information services provider's stock worth $10,984,000 after purchasing an additional 43,080 shares in the last quarter. Kathmere Capital Management LLC boosted its stake in shares of Alphabet by 8.5% in the 4th quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider's stock valued at $9,381,000 after purchasing an additional 2,341 shares during the last quarter. Atlantic Union Bankshares Corp boosted its stake in shares of Alphabet by 31.3% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 354,529 shares of the information services provider's stock valued at $86,345,000 after purchasing an additional 84,553 shares during the last quarter. Baltimore Washington Financial Advisors Inc. boosted its stake in shares of Alphabet by 0.9% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 221,391 shares of the information services provider's stock valued at $53,920,000 after purchasing an additional 2,009 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its position in shares of Alphabet by 2.2% in the 3rd quarter. CWA Asset Management Group LLC now owns 157,143 shares of the information services provider's stock valued at $38,272,000 after acquiring an additional 3,444 shares during the period. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $397.05 on Monday. The company has a market capitalization of $4.81 trillion, a price-to-earnings ratio of 30.29, a PEG ratio of 1.62 and a beta of 1.25. 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 12-month low of $153.83 and a 12-month high of $398.37. The firm's 50-day moving average price is $317.19 and its two-hundred day moving average price is $311.59.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $2.43. The firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business's revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.81 earnings per share. On average, analysts forecast that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet's dividend payout ratio is currently 6.41%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of Alphabet in a research report on Monday, April 20th. Freedom Capital downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Monday, May 4th. Phillip Securities downgraded shares of Alphabet from a "strong-buy" rating to a "moderate buy" rating in a report on Wednesday, April 15th. Raymond James Financial reissued a "strong-buy" rating and issued a $425.00 target price on shares of Alphabet in a research note on Thursday, April 30th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $400.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $362.73.

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total transaction of $348,232.50. Following the sale, the director directly owned 3,581 shares in the company, valued at $1,187,638.65. This represents a 22.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Kent Walker sold 8,993 shares of the stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the sale, the insider owned 51,808 shares in the company, valued at $14,293,309.12. The trade was a 14.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 158,553 shares of company stock valued at $47,951,856. Company insiders own 12.99% of the company's stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s recent earnings strength continues to drive optimism, with analysts raising price targets and earnings estimates after a strong Q1 beat that showed faster growth in Search, Cloud, and YouTube. Investors are also reacting to broad bullish coverage and high-profile holders adding to GOOG exposure.
• Positive Sentiment: Google is expanding its AI monetization tools, unveiling AI-powered Search and Shopping bidding/budgeting features that could make ad spending more efficient and support ad revenue growth. Article: Google AI Automates Ad Bidding and Budget Pacing
• Positive Sentiment: Alphabet is also leaning into AI and consumer hardware, with new Fitbit Air and AI health-coach launches, plus continued work on smart glasses and broader agentic AI products. These developments reinforce the view that Google is becoming a major AI platform across ads, devices, and subscriptions.
• Neutral Sentiment: Several reports point to continued institutional interest and analyst support, including fund additions and upgraded target prices, but these are largely reinforcement signals rather than immediate catalysts.
• Negative Sentiment: Regulatory overhang remains a concern after Google was given more time to address EU antitrust issues, and a new UK lawsuit over online display ads adds another legal challenge. Article: Google has bit more time to address concerns in EU investigation, EU Commission says
• Negative Sentiment: Google also settled a racial discrimination lawsuit for $50 million, which removes some uncertainty but highlights ongoing reputational and legal risks tied to employment practices. Article: Google settles racial discrimination lawsuit for $50 million

Alphabet Company Profile

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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