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StocksUpdated•Originally published 9 May 2026•Updated 10 May 2026•

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Davidson Kahn Reduces Alphabet Stake Despite Strong Earnings and Dividend Hike

Key Facts

1Davidson Kahn Capital Management LLC decreased its stake in Alphabet Inc. by 11.1% during the fourth quarter.

2Alphabet reported quarterly financial results that beat EPS and revenue expectations and increased its quarterly dividend.

Davidson Kahn Capital Management LLC reduced its Alphabet Inc. stake by 11.1% in the fourth quarter, while Canandaigua National Trust conversely increased its position, making the tech giant its seventh-largest holding. This institutional activity follows Alphabet's robust quarterly results and the announcement of a specific quarterly dividend of $0.22 per share. Market sentiment remains highly optimistic, with the consensus analyst price target for GOOG now reaching $362.73. Analysts view recent selling by some firms as routine portfolio rebalancing rather than a shift in fundamental outlook. Alphabet's continued expansion into AI-powered initiatives maintains its status as a core holding for major institutional investors.

25 days ago

Version History

Version 125 days ago

What changed: Added institutional buying data from Canandaigua National Trust, the specific dividend amount, and the consensus analyst price target.