Alphabet Inc. $GOOGL is Cannon Advisors Inc.’s 4th Largest Position

Cannon Advisors Inc. raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 7.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,970 shares of the information services provider’s stock after acquiring an additional 1,769 shares during the quarter. Alphabet makes up 4.6% of Cannon Advisors Inc.’s holdings, making the stock its 4th biggest position. Cannon Advisors Inc.’s holdings in Alphabet were worth $6,826,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of GOOGL. Norges Bank bought a new position in Alphabet during the second quarter valued at $21,944,208,000. Laurel Wealth Advisors LLC lifted its position in shares of Alphabet by 17,667.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 15,245,075 shares of the information services provider’s stock valued at $2,686,640,000 after buying an additional 15,159,273 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Alphabet by 51.7% during the 2nd quarter. Franklin Resources Inc. now owns 31,817,684 shares of the information services provider’s stock worth $5,607,232,000 after acquiring an additional 10,843,853 shares during the period. Vanguard Group Inc. grew its stake in shares of 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 acquiring an additional 6,733,278 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Alphabet by 201.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,547,250 shares of the information services provider’s stock worth $1,153,824,000 after acquiring an additional 4,374,542 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $312.30, for a total transaction of $867,569.40. Following the completion of the transaction, the chief accounting officer owned 8,962 shares of the company’s stock, valued at approximately $2,798,832.60. The trade was a 23.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Kent Walker sold 17,829 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $314.89, for a total transaction of $5,614,173.81. Following the completion of the transaction, the insider owned 42,972 shares in the company, valued at approximately $13,531,453.08. This trade represents a 29.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 189,909 shares of company stock worth $57,927,282. Company insiders own 11.64% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Multiple analyst price‑target raises have lifted sentiment — Raymond James raised its target to $400, Deutsche Bank to $370, and Wedbush to $360, all signaling higher earnings/AI potential expectations for GOOGL. Alphabet Stock Rises — Raymond James Hikes Price Target to $400
• Positive Sentiment: Waymo expanded its robotaxi service to Miami — operational progress at Waymo highlights Alphabet’s long‑term autonomous‑driving opportunity and potential new revenue channels. Waymo launches robotaxi service in Miami, extending U.S. lead
• Positive Sentiment: Google awarded long‑term power purchase agreements to Clearway Energy for data‑center carbon‑free energy — improves sustainability profile and predictable energy costs for cloud/data infrastructure. Alphabet’s Google Awards PPAs to Clearway Energy to Receive Carbon-Free Energy For Its Data Centers
• Positive Sentiment: Analyst commentary and sector pieces continue to cite Alphabet’s vertical AI integration (Gemini, TPUs, Cloud partnerships) as a durable competitive advantage — supports higher multiples and long‑term growth expectations. Google Stock Is Up 65: What’s Driving This Rally?
• Neutral Sentiment: MarketBeat flagged a modest pullback from record highs and advised patience for new buyers — technical consolidation vs. an outright sell‑off; key support near $300 could matter for timing buys. Alphabet Cools After the Run: Buy Now or Wait for a Better Entry?
• Neutral Sentiment: YouTube leadership is prioritizing management of AI‑generated content — important for user trust and ad ecosystem health, but mainly an operational/PR item rather than near‑term revenue catalyst. YouTube chief says ‘managing AI slop’ is a priority for 2026
• Neutral Sentiment: Market commentary (Jim Cramer) notes rotation away from Magnificent Seven during short‑term sector moves, though he expects rotation back eventually — suggests potential volatility from flow shifts. Jim Cramer says he’s not abandoning the Mag 7 stocks despite recent struggles. Here’s why
• Negative Sentiment: Cantor Fitzgerald downgraded Alphabet from “strong‑buy” to “hold” — a reminder that some sell‑side views are trimming near‑term upside, which can weigh on momentum if followed by others. Cantor Fitzgerald Downgrades Alphabet

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several recent research reports. Citigroup reaffirmed an “outperform” rating on shares of Alphabet in a report on Wednesday, December 31st. JPMorgan Chase & Co. boosted their price target on shares of Alphabet from $340.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, December 12th. CICC Research raised their price objective on shares of Alphabet from $240.00 to $303.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Argus lifted their price objective on shares of Alphabet from $330.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, January 5th. Finally, HSBC increased their target price on Alphabet from $335.00 to $370.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Three investment analysts have rated the stock with a Strong Buy rating, forty-two have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $330.94.

Alphabet Stock Up 0.7%

GOOGL opened at $330.52 on Friday. The firm has a market capitalization of $3.99 trillion, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08. Alphabet Inc. has a one year low of $140.53 and a one year high of $340.49. The company has a fifty day moving average price of $314.62 and a 200-day moving average price of $258.45. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The company had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. Equities research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

About Alphabet

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.