Eagle Capital Management Adds $21M in Alphabet Inc. ($GOOGL)

Eagle Capital Management has increased its stake in Alphabet Inc. (NasdaqGS: GOOGL), adding 59,300 shares to its holdings. This move, reflected in a recent 13F filing with the SEC, brings Eagle Capital's total ownership to 958,264 shares, valued at approximately $344.7 million as of the reporting period.

What Changed in Eagle Capital Management's Alphabet Inc. Position

Eagle Capital Management boosted its position in Alphabet Inc. by 59,300 shares, a 6.6% increase from its previous holding of 898,964 shares. The investment is now valued at about $344.7 million, indicating a continued interest in the internet giant.

Other Institutional Activity in Alphabet Inc.

BlackRock, Inc. increased its Alphabet holdings by 4,993,149 shares, ending with 446,980,992 shares valued at $128.5 billion. Vanguard Capital Management LLC maintained its position with 378,261,579 shares worth $108.8 billion. FMR LLC added 4,766,553 shares, bringing its total to 236,544,675 shares valued at $68 billion. Meanwhile, State Street Corp reduced its stake by 2,037,823 shares, now holding 226,259,132 shares valued at $65.1 billion. Geode Capital Management, LLC increased its holdings by 5,695,057 shares to 151,888,094 shares, valued at $43.5 billion.

Alphabet Inc. Stock Snapshot

Shares of Alphabet Inc. (NasdaqGS: GOOGL) traded near $359.67. The company boasts a market cap of $4.39 trillion and a P/E ratio of 27.48, with a forward P/E of 24.84. Alphabet has a beta of 1.237, indicating moderate volatility. The stock's 52-week range spans from $162.00 to $408.61, with a 50-day moving average of $361.01 and a 200-day moving average of $307.18.

Recent Earnings

In its most recent quarter, Alphabet Inc. reported revenue of $422.5 billion, reflecting a 21.8% growth year-over-year. The company's net margin stood at 37.9%, with a return on equity of 38.9%. Earnings per share reached $13.09. The next earnings report is expected on April 29, 2026.

Dividend

Alphabet Inc. pays an annual dividend rate of $0.88, yielding 0.25%. The dividend payout ratio is a conservative 6.41%.

Insider Buying and Selling at Alphabet Inc.

Recent insider activity at Alphabet Inc. includes CEO Sundar Pichai purchasing 3,666 shares on May 25, 2026, and Shriram Kavitark Ram buying 175,304 shares on May 29, 2026. On the selling side, Frances Arnold sold 102 shares at an average price of $381 on May 29, 2026, under a planned transaction.

Analysts Set New Price Targets

On June 2, 2026, HSBC maintained its buy rating for Alphabet Inc. with a price target of $420. Piper Sandler also maintained a buy rating with a $445 target on June 1, 2026. Truist Securities echoed this sentiment with a $430 target on May 29, 2026. The consensus among analysts remains a strong buy, with a target mean price of $432.83 based on 53 opinions.

About Alphabet Inc.

Alphabet Inc., headquartered in Mountain View, California, is a major player in the communication services sector. The company operates through various segments, including Google Services, Google Cloud, and Other Bets. Its offerings range from ads and Android to YouTube and Google Cloud solutions. Alphabet was founded in 1998 and is led by CEO Sundar Pichai, employing over 194,000 people worldwide.

Bottom Line

Eagle Capital Management's increased stake in Alphabet Inc. signals confidence in the tech giant's prospects. With a robust market presence and consistent revenue growth, Alphabet remains a key interest for institutional investors. As always, 13F filings are backward-looking and may not represent the current investment stance.