Texas Capital Bank Wealth Management Services Inc Acquires 2,158 Shares of Alphabet Inc. $GOOGL

Texas Capital Bank Wealth Management Services Inc boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 52,357 shares of the information services provider’s stock after acquiring an additional 2,158 shares during the quarter. Alphabet accounts for approximately 1.0% of Texas Capital Bank Wealth Management Services Inc’s portfolio, making the stock its 17th largest position. Texas Capital Bank Wealth Management Services Inc’s holdings in Alphabet were worth $18,711,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tortoise Investment Management LLC raised its stake in Alphabet by 4.5% in the second quarter. Tortoise Investment Management LLC now owns 4,544 shares of the information services provider’s stock valued at $1,624,000 after buying an additional 197 shares during the period. Aegis Wealth Management LLC bought a new position in shares of Alphabet during the 2nd quarter worth approximately $1,213,000. Pavion Blue Capital LLC increased its holdings in shares of Alphabet by 10.0% during the 2nd quarter. Pavion Blue Capital LLC now owns 12,047 shares of the information services provider’s stock worth $4,305,000 after acquiring an additional 1,099 shares during the last quarter. UNIVEST FINANCIAL Corp increased its holdings in shares of Alphabet by 1.4% during the 2nd quarter. UNIVEST FINANCIAL Corp now owns 241,488 shares of the information services provider’s stock worth $86,300,000 after acquiring an additional 3,358 shares during the last quarter. Finally, K.J. Harrison & Partners Inc raised its stake in Alphabet by 11.3% in the 2nd quarter. K.J. Harrison & Partners Inc now owns 60,134 shares of the information services provider’s stock valued at $21,490,000 after acquiring an additional 6,110 shares during the period. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $339.35 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The firm has a market cap of $4.15 trillion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 0.97 and a beta of 1.24. The stock’s fifty day moving average price is $349.41 and its two-hundred day moving average price is $342.01. Alphabet Inc. has a one year low of $206.20 and a one year high of $408.61.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. On average, equities analysts forecast that Alphabet Inc. will post 20.5 EPS for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s dividend payout ratio (DPR) is currently 4.42%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GOOGL. Citigroup reaffirmed an “outperform” rating on shares of Alphabet in a report on Monday, May 4th. Pivotal Research reissued a “buy” rating and issued a $475.00 price objective (up from $470.00) on shares of Alphabet in a research report on Thursday, July 23rd. Barclays restated an “overweight” rating and set a $425.00 target price (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $420.00 target price (down from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $395.00 price target (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $420.19.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts remain constructive on Alphabet’s valuation and growth outlook. Citizens analyst Andrew Boone expects the stock to reach a new record high over the next 12 months, while other commentary highlights strong cloud momentum and argues that market concerns about Alphabet may be excessive. Wall Street analyst sets Google price target One Mag 7 Stock to Watch
• Positive Sentiment: Google- and Meta-backed Jio Platforms received approval for an Indian IPO. The listing could provide Alphabet with a potential valuation catalyst for its investment and increase visibility into the value of the stake. Jio Platforms IPO approval
• Neutral Sentiment: Alphabet is balancing record cloud growth against historically high AI-related capital spending. Investors are focused on whether rising infrastructure costs will generate sufficient future revenue and margins compared with Amazon’s spending strategy. Alphabet and Amazon AI capital spending
• Neutral Sentiment: Director Frances Arnold sold 82 shares for approximately $27,692, reducing her direct holdings by 0.43%. The relatively small transaction is unlikely to materially change the investment case, but it may attract limited attention amid the stock’s recent volatility. Alphabet insider transaction filing
• Negative Sentiment: Fresh scrutiny of Google’s £260 million U.K. app-store settlement added to regulatory pressure. Reports also say Google changed European search rules to avoid a potentially much larger EU revenue penalty, though the concessions could weaken its search economics and competitive position. Google U.K. app-store settlement Google European search rules
• Negative Sentiment: Investors continue to debate whether Meta’s AI products could challenge Google Search and whether Alphabet’s AI investment will pressure returns before producing meaningful new revenue. Concerns about talent departures and the uncertain reception for future Gemini releases are also weighing on sentiment. Meta AI competition with Google Search

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 82 shares of Alphabet stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $337.71, for a total value of $27,692.22. Following the completion of the sale, the director owned 18,995 shares in the company, valued at $6,414,801.45. The trade was a 0.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer directly owned 27,386 shares of the company’s stock, valued at $9,125,015.20. This represents a 1.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 451,925 shares of company stock worth $12,371,544 in the last quarter. 11.61% of the stock is currently owned by corporate insiders.

Alphabet Company Profile

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.