Onex Canada Asset Management Inc. Buys 9,173 Shares of Alphabet Inc. $GOOG

Key Points

• Onex Canada Asset Management increased its stake in Alphabet by 11.6%, buying 9,173 shares to hold 88,291 shares worth $21.5 million, representing about 2.7% of its portfolio and its 11th largest holding.
• Significant insider selling occurred last quarter, including CEO Sundar Pichai's sale of 32,500 shares (~$10.44M) and total insider sales of 2,112,493 shares valued at $118.6M, while insiders still own 12.99% of the company.
• Strong quarterly results and a dividend: Alphabet reported $2.82 EPS (vs. $2.59 est.) and $113.83B revenue (up 18% YoY), and declared a $0.21 quarterly dividend ($0.84 annualized, ~0.3% yield).

Onex Canada Asset Management Inc. increased its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 11.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 88,291 shares of the information services provider's stock after purchasing an additional 9,173 shares during the quarter. Alphabet makes up approximately 2.7% of Onex Canada Asset Management Inc.'s portfolio, making the stock its 11th biggest holding. Onex Canada Asset Management Inc.'s holdings in Alphabet were worth $21,503,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. University of Illinois Foundation bought a new stake in shares of Alphabet in the second quarter valued at $31,000. Manning & Napier Advisors LLC bought a new position in shares of Alphabet during the 3rd quarter worth $32,000. Tripletail Wealth Management LLC bought a new position in shares of Alphabet during the 3rd quarter worth $40,000. Retirement Wealth Solutions LLC increased its holdings in Alphabet by 145.0% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 196 shares of the information services provider's stock worth $48,000 after acquiring an additional 116 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC raised its stake in Alphabet by 56.8% in the 3rd quarter. Bay Harbor Wealth Management LLC now owns 218 shares of the information services provider's stock valued at $53,000 after acquiring an additional 79 shares during the period. Hedge funds and other institutional investors own 27.26% of the company's stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: GFiber is combining with Astound Broadband with Stonepeak as majority owner while Alphabet keeps a minority stake — this monetizes Google’s fiber asset, reduces future capex burden and leaves Alphabet with upside exposure to a larger independent broadband operator. Alphabet Inc. (GOOGL)’s Expanding Horizons: AI, Cloud, and Broadband Growth
• Positive Sentiment: Gemini AI is being added to Google Maps via “Ask Maps,” increasing product differentiation and engagement across a high-traffic app — a direct example of AI driving user value and monetization opportunities. Google (GOOGL) Adds Its Gemini AI Model to Google Maps to Allow More Detailed Questions
• Positive Sentiment: Google completed the acquisition of Wiz (~$32B), strengthening cloud security offerings — a strategic tuck-in that can help win larger enterprise cloud deals and justify higher cloud multiple over time. Google Just Closed Its $32 Billion Wiz Deal. How Should You Play GOOGL Stock Here?
• Positive Sentiment: Google changed Android billing rules, cut developer fees and resolved the Epic/Fortnite dispute — removing a legal overhang and improving developer economics for Play Store, which supports long-term app revenue resilience. Google (GOOGL) App Store Brings Back Fortnite, Changes Fee Structure
• Positive Sentiment: Fundamentals and analyst sentiment remain supportive — recent coverage highlights strong Q4 results, cash-rich balance sheet and a consensus “Buy” tilt with several elevated price targets. This underpins medium-term investor confidence. Alphabet Q4: A Fairly Valued Tech Titan To Buy Now
• Neutral Sentiment: Social and options flow show heightened bullish conviction around Gemini and cloud, but this is sentiment-driven and can amplify short-term volatility rather than change fundamentals. Alphabet Stock (GOOG) Opinions on Gemini AI Advancements
• Neutral Sentiment: Recent short-interest data in feeds appears noisy/invalid and does not signal a meaningful squeeze or covering dynamic at present.
• Negative Sentiment: U.K. regulator warnings on protecting children online increase the risk of tighter rules and compliance costs for big tech — a regulatory backdrop that could pressure valuations if enforcement or new rules accelerate. Big tech given warning - and deadline - by UK regulator

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 2,778 shares of the company's stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $312.30, for a total value of $867,569.40. Following the completion of the sale, the chief accounting officer owned 8,962 shares of the company's stock, valued at $2,798,832.60. This represents a 23.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $321.21, for a total transaction of $10,439,325.00. Following the completion of the sale, the chief executive officer directly owned 2,244,372 shares of the company's stock, valued at $720,914,730.12. This trade represents a 1.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,112,493 shares of company stock valued at $118,605,094 over the last quarter. 12.99% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Loop Capital raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 18th. DZ Bank raised shares of Alphabet to a "strong-buy" rating in a research report on Monday, February 16th. Sanford C. Bernstein restated a "market perform" rating and set a $345.00 price target on shares of Alphabet in a research note on Thursday, February 5th. Pivotal Research reaffirmed a "buy" rating and issued a $420.00 price objective (up from $400.00) on shares of Alphabet in a report on Thursday, February 5th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $360.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Nine research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Alphabet presently has a consensus rating of "Buy" and an average target price of $345.71.

Alphabet Trading Down 0.6%

Alphabet stock opened at $301.46 on Friday. 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 fifty-two week low of $142.66 and a fifty-two week high of $350.15. The stock has a market cap of $3.65 trillion, a P/E ratio of 27.89, a PEG ratio of 1.78 and a beta of 1.10. The firm's fifty day moving average price is $319.36 and its 200-day moving average price is $289.75.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $111.24 billion. During the same quarter last year, the company earned $2.15 earnings per share. The firm's quarterly revenue was up 18.0% on a year-over-year basis. Equities research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet's payout ratio is 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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