Cullinan Associates Inc. Has $31.82 Million Stock Position in Alphabet Inc. $GOOG

Key Points

• Cullinan Associates increased its Alphabet stake by 12% in the fourth quarter, adding 10,890 shares to reach 101,414 shares worth about $31.82 million.
• Alphabet continues to draw support from institutions and analysts, with several firms raising price targets after a strong Q1 earnings beat; the stock now carries a consensus “Buy” rating and a $362.73 target price.
• The company reported better-than-expected earnings and revenue for the quarter, and it also raised its quarterly dividend to $0.22 per share, though regulatory and legal risks remain a concern.

Cullinan Associates Inc. grew its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 12.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 101,414 shares of the information services provider's stock after buying an additional 10,890 shares during the period. Alphabet makes up 2.2% of Cullinan Associates Inc.'s portfolio, making the stock its 11th largest position. Cullinan Associates Inc.'s holdings in Alphabet were worth $31,824,000 at the end of the most recent quarter.

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

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 102 shares of the firm's stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $371.00, for a total value of $37,842.00. Following the sale, the director owned 18,621 shares in the company, valued at $6,908,391. This trade represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the transaction, the chief executive officer directly owned 1,642,060 shares of the company's stock, valued at $505,573,853.40. The trade was a 1.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 158,553 shares of company stock valued at $47,951,856. Corporate insiders own 12.99% of the company's stock.

Alphabet News Roundup

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GOOG. Royal Bank Of Canada restated an "outperform" rating and set a $375.00 price objective on shares of Alphabet in a research note on Thursday, January 15th. TD Cowen increased their price objective on shares of Alphabet from $375.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Piper Sandler restated an "overweight" rating and set a $395.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Cantor Fitzgerald restated a "neutral" rating on shares of Alphabet in a research note on Tuesday, January 20th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $400.00 target price 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 issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $362.73.

Alphabet Price Performance

Alphabet stock opened at $397.05 on Monday. The stock has a market cap of $4.81 trillion, a P/E ratio of 30.29, a P/E/G 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 twelve month low of $153.83 and a twelve month high of $398.37. The company'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 earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.96 billion. During the same period last year, the firm earned $2.81 earnings per share. The business's revenue for the quarter was up 21.8% on a year-over-year basis. As a group, analysts expect that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be given a $0.22 dividend. This is an increase 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%. The ex-dividend date is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is 6.41%.

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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