Connor Clark & Lunn Investment Management Ltd. Grows Stock Position in Alphabet Inc. $GOOG

Key Points

• Connor Clark & Lunn increased its stake in Alphabet by 16.6% in Q3, owning 1,346,100 shares valued at approximately $327,843,000, making Alphabet about 1.0% of the firm's holdings and its 19th largest position.
• Several other institutions also added to GOOG positions (e.g., Tradewinds, Atlantic Union), with institutional investors and hedge funds now owning 27.26% of the company.
• Insiders have sold heavily recently—2,112,493 shares worth about $118.6 million in the past 90 days—while company developments include the completion of the $32 billion Wiz acquisition, a partial sale of Google Fiber, and continued commercial rollouts of Gemini AI.

Connor Clark & Lunn Investment Management Ltd. increased its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 16.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,346,100 shares of the information services provider's stock after acquiring an additional 191,493 shares during the period. Alphabet makes up about 1.0% of Connor Clark & Lunn Investment Management Ltd.'s holdings, making the stock its 19th largest holding. Connor Clark & Lunn Investment Management Ltd.'s holdings in Alphabet were worth $327,843,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOG. Tradewinds LLC. increased its stake in 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 buying an additional 43,080 shares during the period. Atlantic Union Bankshares Corp boosted its position in 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 buying an additional 84,553 shares during the period. Baltimore Washington Financial Advisors Inc. boosted its position in 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 buying an additional 2,009 shares during the period. CWA Asset Management Group LLC grew its stake in shares of Alphabet by 2.2% in the third quarter. CWA Asset Management Group LLC now owns 157,143 shares of the information services provider's stock worth $38,272,000 after acquiring an additional 3,444 shares in the last quarter. Finally, American National Bank of Texas acquired a new position in shares of Alphabet in the third quarter worth $900,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet closed its largest-ever acquisition, buying cybersecurity firm Wiz for $32 billion — a big strategic push to bolster Google Cloud's security offering and cross‑sell to existing cloud customers. Google completes $32B acquisition of Wiz
• Positive Sentiment: GFiber (Google Fiber) is combining with Stonepeak’s Astound Broadband; Alphabet takes a minority stake while Stonepeak becomes majority owner — a capital‑efficient move that trims ongoing fiber capex and creates a scaled independent broadband operator. Google sells partial stake in fiber business
• Positive Sentiment: Product and commercial momentum: Google rolled Gemini Embedding 2 into Workspace apps and logged new AI deals (e.g., Canal+), which support monetization of AI features across cloud, ads and productivity suites. Gemini AI powers Workspace automation Canal+ taps Google's AI
• Positive Sentiment: Expanded government engagement — Google is deploying Gemini AI agents on the Pentagon portal for administrative automation, reinforcing large‑scale enterprise/government adoption of its AI stack. Google deepens Pentagon AI push
• Neutral Sentiment: Technical/flow context: MarketBeat highlights the stock finding support near ~$300 and strong institutional inflows — a neutral-to-supportive backdrop for longer-term holders. Alphabet’s Pullback May Be Opening a New Entry Point
• Neutral Sentiment: Short‑interest data in recent feeds appears inconsistent/corrupted (zeros/NaNs) — no clear signal from shorts today.
• Negative Sentiment: Competitive and valuation caution: analysts and commentary note rising competition in AI (OpenAI, Microsoft/Anthropic) and argue the stock may still be vulnerable after the recent pullback — tempering upside despite strategic wins. Google’s AI Dominance Is Being Tested
• Negative Sentiment: Market cautiousness: commentary urging that “it’s too early to buy the dip” reflects investor wariness that could limit strong near‑term rallies. It's Too Early To Buy the Dip in GOOG Stock

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 47,574 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the completion of the sale, the insider owned 13,227 shares in the company, valued at approximately $3,987,279.15. This represents a 78.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frances Arnold sold 112 shares of the firm's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $302.99, for a total value of $33,934.88. Following the transaction, the director directly owned 18,418 shares in the company, valued at approximately $5,580,469.82. This represents a 0.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,112,493 shares of company stock worth $118,605,094 over the last 90 days. Company insiders own 12.99% of the company's stock.

Analyst Upgrades and Downgrades

GOOG has been the topic of several analyst reports. Guggenheim reiterated a "buy" rating and issued a $375.00 price objective on shares of Alphabet in a research note on Monday, December 1st. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research note on Wednesday, January 21st. Wedbush restated an "outperform" rating and set a $370.00 price target on shares of Alphabet in a report on Thursday, February 5th. Canaccord Genuity Group increased their price target on Alphabet from $330.00 to $390.00 and gave the company a "buy" rating in a research report on Wednesday, January 7th. Finally, DA Davidson set a $300.00 price objective on Alphabet in a research note on Tuesday, November 25th. Nine equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Alphabet presently has an average rating of "Buy" and an average price target of $343.90.

Alphabet Stock Performance

Shares of GOOG stock opened at $308.42 on Thursday. The stock's 50-day moving average is $319.85 and its two-hundred day moving average is $289.01. The firm has a market cap of $3.73 trillion, a price-to-earnings ratio of 28.53, a PEG ratio of 1.80 and a beta of 1.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $350.15.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The information services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.59 by $0.23. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The company had revenue of $113.83 billion for the quarter, compared to analyst estimates of $111.24 billion. During the same quarter in the previous year, the company posted $2.15 earnings per share. The firm's revenue was up 18.0% compared to the same quarter last year. Analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. Alphabet's payout ratio is presently 7.77%.

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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