Onex Canada Asset Management Inc. Sells 1,997 Shares of Alphabet Inc. $GOOGL

Key Points

• Onex Canada Asset Management trimmed its Alphabet stake by 1.4%, selling 1,997 shares and leaving a holding of 139,221 shares worth $33.845 million, which represents 4.3% of its portfolio and is its fifth‑largest position.
• Insider selling was significant this quarter: John Kent Walker sold 47,574 shares (~$14.34M) and the CAO sold 955 shares, with insiders disposing of 2,112,493 shares worth $118.6M overall and now owning 11.64% of the company.
• Large institutions continued to increase exposure—Vanguard, State Street and Geode added shares and Capital World Investors bought an extra 11.6M shares (up 28%)—with institutional investors and hedge funds owning about 40.03% of Alphabet.

Onex Canada Asset Management Inc. decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 139,221 shares of the information services provider's stock after selling 1,997 shares during the period. Alphabet accounts for 4.3% of Onex Canada Asset Management Inc.'s investment portfolio, making the stock its 5th biggest position. Onex Canada Asset Management Inc.'s holdings in Alphabet were worth $33,845,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in GOOGL. Vanguard Group Inc. increased its position in Alphabet by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 516,559,609 shares of the information services provider's stock worth $91,033,300,000 after purchasing an additional 6,733,278 shares in the last quarter. State Street Corp lifted its holdings in Alphabet by 1.8% in the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock valued at $40,524,841,000 after purchasing an additional 4,008,374 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Alphabet by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 141,615,284 shares of the information services provider's stock valued at $24,857,017,000 after purchasing an additional 4,224,497 shares in the last quarter. Norges Bank acquired a new stake in shares of Alphabet during the 2nd quarter worth about $21,944,208,000. Finally, Capital World Investors grew its holdings in shares of Alphabet by 28.0% during the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock worth $12,910,542,000 after buying an additional 11,605,785 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 47,574 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the sale, the insider owned 13,227 shares of the company's stock, valued at $3,987,279.15. This trade represents a 78.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O'toole sold 955 shares of Alphabet stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the sale, the chief accounting officer owned 9,918 shares in the company, valued at $2,955,564. This represents a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 2,112,493 shares of company stock worth $118,605,094. Insiders own 11.64% of the company's stock.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of analyst reports. Citizens Jmp reissued a "market outperform" rating and issued a $385.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. New Street Research raised their target price on shares of Alphabet from $330.00 to $380.00 and gave the stock a "buy" rating in a research report on Tuesday, February 10th. Roth Mkm boosted their price target on Alphabet from $365.00 to $395.00 and gave the company a "buy" rating in a report on Thursday, February 5th. Wells Fargo & Company set a $354.00 price target on Alphabet and gave the stock an "equal weight" rating in a research note on Thursday, February 5th. Finally, Mizuho raised their price objective on Alphabet from $400.00 to $410.00 and gave the stock an "outperform" rating in a report on Thursday, February 5th. Three research analysts have rated the stock with a Strong Buy rating, forty-three have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $367.18.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $302.28 on Friday. The firm's fifty day simple moving average is $319.12 and its 200 day simple moving average is $289.23. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $349.00. The firm has a market capitalization of $3.66 trillion, a price-to-earnings ratio of 27.96, a PEG ratio of 1.78 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.57 by $0.25. The company had revenue of $113.83 billion for the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. As a group, equities research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Major competitor Meta has delayed a next‑generation AI release and reportedly discussed temporarily licensing Google’s Gemini model, which could help Alphabet expand usage/licensing of its AI stack and win incremental share. Meta delays release; may license Gemini
• Positive Sentiment: Needham & Company reaffirmed a "buy" on GOOGL and set a $400 price target (~32% upside from current levels), which can support investor confidence and buying interest. Needham reiterates buy
• Positive Sentiment: Multiple reports highlight Meta falling behind on large AI models (and considering licensing Google tech), reinforcing the view that Google could capture market share in foundational models and services. Meta falling behind — Yahoo
• Positive Sentiment: Zacks highlighted Alphabet's earnings growth and price strength as reasons to watch GOOGL, supporting a constructive fundamental view after recent results. Zacks: earnings growth & price strength
• Neutral Sentiment: Google, Amazon and Meta pushing their own AI chips signals a structural shift in AI infrastructure — a long‑term positive if Google’s stack wins, but it intensifies competition with incumbents like NVIDIA and may pressure margins/capex. AI chips competition — Yahoo
• Neutral Sentiment: Google sold a partial stake in its GFiber unit and partnered to form a new independent fiber provider; this reduces direct capital burden but also trims ownership of the broadband growth asset. GFiber stake sale — CNBC
• Neutral Sentiment: Brand/PR note: Google named its London HQ "Platform 37" referencing DeepMind/AlphaGo success — modestly positive for culture/AI branding but not material to near‑term financials. Platform 37 naming — Reuters
• Negative Sentiment: UK regulator and wider regulatory scrutiny on tech safety and child protection remain overhangs for Big Tech, including Alphabet, since new rules or enforcement could increase compliance costs or constrain certain services. UK regulator warning — Sky

Alphabet Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google's core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google's consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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