Cornerstone Advisory LLC Has $9.34 Million Stock Position in Alphabet Inc. $GOOG

Cornerstone Advisory LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOG) by 9.6% in the 4th quarter, HoldingsChannel reports. The fund owned 29,757 shares of the information services provider’s stock after selling 3,159 shares during the quarter. Alphabet accounts for about 0.9% of Cornerstone Advisory LLC’s holdings, making the stock its 27th biggest holding. Cornerstone Advisory LLC’s holdings in Alphabet were worth $9,338,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOG. JPMorgan Chase & Co. increased its position in Alphabet by 8.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider’s stock valued at $24,240,469,000 after acquiring an additional 7,904,434 shares in the last quarter. Danske Bank A S acquired a new stake in Alphabet in the 3rd quarter valued at about $678,198,000. Holocene Advisors LP acquired a new stake in Alphabet in the 2nd quarter valued at about $455,745,000. Alliancebernstein L.P. increased its position in Alphabet by 5.8% in the 3rd quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider’s stock valued at $9,749,864,000 after acquiring an additional 2,209,203 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in Alphabet by 208.0% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,130,681 shares of the information services provider’s stock valued at $273,026,000 after acquiring an additional 2,177,855 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Record Q1 fundamentals — Alphabet beat estimates (EPS $5.11 vs. $2.64 consensus) and reported $109.9B revenue; Google Cloud grew ~63% to ~ $20B with a very large backlog, which underpins multi-year revenue visibility and explains the rally. Alphabet Q1 2026 Earnings Call Highlights
• Positive Sentiment: Wall Street is upgrading targets — multiple firms (JPMorgan, TD Cowen, Scotiabank, Raymond James, Piper Sandler and others) raised price targets and reiterated buys after the quarter, signaling analyst conviction that AI/cloud growth justifies higher valuation. Coverage: Recent price-target raises
• Positive Sentiment: Strategic wins and ecosystem advantages — articles argue Alphabet’s “compute” advantage (TPUs, datacenter scale, full?stack Gemini integrations) gives it a structural edge versus rivals and supports both ad/product monetization and enterprise AI demand. Compute is destiny. Google just proved it.
• Neutral Sentiment: Government and enterprise demand — the U.S. Pentagon and other large customers have agreements with leading AI providers including Google, validating long-term cloud/AI revenue channels but timing and contract sizes vary. This supports durable demand but is not an immediate revenue kicker. Pentagon reaches agreements with leading AI companies
• Negative Sentiment: CapEx intensity and cash flow tradeoff — management signaled very large AI-related capital spending (2026 capex ~ $185–190B and “significantly higher” expected in 2027). That funds growth but will pressure free cash flow and raises execution/ROI scrutiny. Alphabet ups 2026 capex to as much as $190 billion
• Negative Sentiment: Rising cost concerns and regulatory risks — commentary highlights the growing capital and operating cost of AI (potential margin/cashflow headwinds), and regulators in Europe are probing Google’s AI/search features — both are watch?items for investors. Google Stock Growth Collides With The Rising Cost Of AI Italy asks EU to investigate Google AI search tools

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 617 shares of Alphabet stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the transaction, the chief accounting officer owned 10,093 shares of the company’s stock, valued at $2,923,235.59. This trade represents a 5.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $371.00, for a total transaction of $37,842.00. Following the transaction, the director directly owned 18,621 shares in the company, valued at $6,908,391. The trade was a 0.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 191,053 shares of company stock worth $58,845,206 over the last 90 days. Insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on GOOG. Needham & Company LLC set a $400.00 price objective on shares of Alphabet and gave the company a “buy” rating in a research report on Friday, March 13th. JPMorgan Chase & Co. raised their price objective on shares of Alphabet from $395.00 to $460.00 and gave the company an “overweight” rating in a research report on Thursday. Canaccord Genuity Group raised their price objective on shares of Alphabet from $330.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. KeyCorp set a $370.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $400.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $362.73.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $383.22 on Monday. Alphabet Inc. has a one year low of $149.49 and a one year high of $383.39. The company has a 50 day moving average of $312.44 and a 200-day moving average of $308.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market cap of $4.64 trillion, a price-to-earnings ratio of 29.23, a P/E/G ratio of 1.81 and a beta of 1.25.

Alphabet (NASDAQ:GOOG) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $106.96 billion. During the same quarter in the previous year, the company earned $2.81 EPS. Alphabet’s revenue was up 21.8% on a year-over-year basis. On average, sell-side analysts forecast that Alphabet Inc. will post 12.78 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is presently 6.41%.

About Alphabet

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.