Texas Bank & Trust Co Has $6.17 Million Holdings in Alphabet Inc. $GOOG

Texas Bank & Trust Co reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 10.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,527 shares of the information services provider’s stock after selling 2,502 shares during the period. Alphabet comprises approximately 2.3% of Texas Bank & Trust Co’s holdings, making the stock its 7th largest holding. Texas Bank & Trust Co’s holdings in Alphabet were worth $6,175,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Yukon Wealth Management Inc. boosted its holdings in Alphabet by 0.5% in the first quarter. Yukon Wealth Management Inc. now owns 8,338 shares of the information services provider’s stock worth $2,392,000 after purchasing an additional 38 shares during the period. Meadow Creek Wealth Advisors LLC increased its stake in Alphabet by 21.8% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 6,248 shares of the information services provider’s stock valued at $1,792,000 after purchasing an additional 1,120 shares during the last quarter. Mason & Associates Inc raised its holdings in shares of Alphabet by 0.6% during the first quarter. Mason & Associates Inc now owns 10,484 shares of the information services provider’s stock worth $2,864,000 after purchasing an additional 58 shares during the period. Financial Freedom LLC raised its holdings in shares of Alphabet by 15.5% during the first quarter. Financial Freedom LLC now owns 907 shares of the information services provider’s stock worth $260,000 after purchasing an additional 122 shares during the period. Finally, SkyOak Wealth LLC lifted its position in shares of Alphabet by 1.9% in the 1st quarter. SkyOak Wealth LLC now owns 23,451 shares of the information services provider’s stock worth $6,727,000 after buying an additional 440 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Zacks Research raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Truist Financial set a $430.00 price objective on shares of Alphabet in a research note on Monday, June 1st. Stifel Nicolaus set a $420.00 target price on shares of Alphabet in a report on Wednesday, May 20th. Wells Fargo & Company set a $416.00 target price on Alphabet in a research note on Thursday, July 2nd. Finally, Freedom Capital cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Five research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $378.53.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet received a fresh boost from analyst commentary and upgrades, including a Zacks Rank #1 (Strong Buy) and Bank of America’s view that Google search remains in an “expansionary moment,” which supports the case for continued earnings strength. Article: Alphabet (GOOG) Upgraded to Strong Buy: Here’s What You Should Know
• Positive Sentiment: Reports highlighted continued user and traffic gains for Google, while new AI chip initiatives suggest Alphabet could expand its TPU business and strengthen its position in cloud AI infrastructure. Article: Google holds steady as Claude, Gemini surge in June user growth
• Positive Sentiment: Several articles framed Alphabet as a key AI beneficiary with custom chips, hyperscaler scale, and potential upside into its July 22 earnings report, which may be helping support the shares. Article: Google (GOOGL) Wants a Bigger Piece of Nvidia’s AI Chip Market – Here’s Its Plan
• Neutral Sentiment: Investors are also watching Alphabet closely because it is a heavily followed “trending stock,” with attention building ahead of earnings rather than on a single new fundamental catalyst. Article: Alphabet Inc. (GOOG) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Despite the bullish AI narrative, multiple reports point to a large and rising capex burden—analysts expect roughly $44.9 billion in Q2 capital spending—raising concerns that heavy AI investment could pressure near-term margins and cash flow. Article: Big Tech’s Massive AI Spending Is Just Starting. Earnings Will Show It.
• Negative Sentiment: Alphabet also faces broader investor concern that its ad dominance could come under threat and that the market may be discounting the payoff from its spending surge until earnings confirm the growth story. Article: Alphabet’s $1 Trillion Ad Dominance Is Facing New Threats

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction on Friday, May 15th. The stock was sold at an average price of $393.26, for a total transaction of $412,923.00. Following the sale, the director owned 2,531 shares of the company’s stock, valued at $995,341.06. The trade was a 29.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Kent Walker sold 8,998 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the transaction, the insider owned 75,290 shares of the company’s stock, valued at $26,298,044.10. This trade represents a 10.68% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 160,465 shares of company stock valued at $8,020,511. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Down 1.2%

GOOG stock opened at $350.67 on Tuesday. The stock has a market cap of $4.25 trillion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 1.52 and a beta of 1.23. The firm’s 50-day simple moving average is $369.19 and its 200 day simple moving average is $335.63. Alphabet Inc. has a fifty-two week low of $180.71 and a fifty-two week high of $404.47. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.96 billion. During the same period in the previous year, the business posted $2.81 EPS. Alphabet’s revenue was up 21.8% on a year-over-year basis. As a group, sell-side analysts predict that Alphabet Inc. will post 14.32 EPS for the current year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were given a dividend of $0.22 per share. This is a boost from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, June 8th. Alphabet’s payout ratio is presently 6.71%.

Alphabet Company Profile

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.