Texas Capital Bank Wealth Management Services Inc Has $4.67 Million Stake in Alphabet Inc. $GOOGL

Texas Capital Bank Wealth Management Services Inc increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 77.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,209 shares of the information services provider’s stock after acquiring an additional 8,366 shares during the period. Texas Capital Bank Wealth Management Services Inc’s holdings in Alphabet were worth $4,670,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GOOGL. Financial Gravity Companies Inc. acquired a new stake in shares of Alphabet during the second quarter valued at about $31,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Alphabet in the third quarter valued at approximately $53,000. Corsicana & Co. acquired a new position in shares of Alphabet in the third quarter valued at approximately $54,000. Vermillion & White Wealth Management Group LLC raised its holdings in Alphabet by 37.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock valued at $57,000 after buying an additional 89 shares during the last quarter. Finally, S&T Bank PA raised its holdings in Alphabet by 40.2% in the 2nd quarter. S&T Bank PA now owns 345 shares of the information services provider’s stock valued at $61,000 after buying an additional 99 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GOOGL shares. Jefferies Financial Group boosted their target price on shares of Alphabet from $365.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Roth Mkm raised their price target on shares of Alphabet from $365.00 to $395.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. China Renaissance lifted their price target on shares of Alphabet from $330.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Needham & Company LLC reissued a “buy” rating and issued a $400.00 price objective on shares of Alphabet in a research note on Friday. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $400.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Three 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $367.18.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 955 shares of Alphabet stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the completion of the transaction, the chief accounting officer directly owned 9,918 shares of the company’s stock, valued at approximately $2,955,564. This trade represents a 8.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frances Arnold sold 112 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $302.99, for a total value of $33,934.88. Following the completion of the transaction, the director directly owned 18,418 shares in the company, valued at $5,580,469.82. This represents a 0.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 2,112,493 shares of company stock worth $118,605,094. 11.64% of the stock is owned by insiders.

Alphabet News Summary

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 Trading Down 0.4%

NASDAQ:GOOGL opened at $302.28 on Friday. The firm’s fifty day moving average is $319.12 and its 200-day moving average is $289.23. 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 52 week low of $140.53 and a 52 week high of $349.00. The firm has a market cap of $3.66 trillion, a P/E ratio of 27.96, a P/E/G ratio of 1.78 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The company had revenue of $113.83 billion during the quarter, compared to analysts’ expectations of $111.24 billion. Equities analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is presently 7.77%.

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.