Davis Capital Management Buys New Stake in Alphabet Inc. $GOOG

Davis Capital Management purchased a new position in Alphabet Inc. (NASDAQ:GOOG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,464 shares of the information services provider’s stock, valued at approximately $4,253,000. Alphabet comprises 2.9% of Davis Capital Management’s investment portfolio, making the stock its 5th largest position.

Other hedge funds also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC increased its stake in Alphabet by 580,897.4% during the second quarter. Kingstone Capital Partners Texas LLC now owns 135,087,705 shares of the information services provider’s stock worth $23,963,208,000 after acquiring an additional 135,064,454 shares during the last quarter. Norges Bank bought a new stake in shares of Alphabet in the 2nd quarter valued at approximately $4,298,572,000. Vanguard Group Inc. boosted its holdings in shares of Alphabet by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 416,753,033 shares of the information services provider’s stock worth $73,927,821,000 after purchasing an additional 5,182,111 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Alphabet by 73.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 9,808,152 shares of the information services provider’s stock valued at $2,388,775,000 after purchasing an additional 4,154,929 shares during the last quarter. Finally, Laurel Wealth Advisors LLC increased its position in shares of Alphabet by 17,547.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,122,727 shares of the information services provider’s stock valued at $731,331,000 after purchasing an additional 4,099,366 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GOOG. Morgan Stanley raised their price target on Alphabet from $210.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Scotiabank set a $336.00 target price on shares of Alphabet and gave the company a “sector outperform” rating in a research note on Thursday, October 30th. Mizuho set a $325.00 target price on shares of Alphabet in a report on Thursday, October 30th. Jefferies Financial Group reiterated a “buy” rating and set a $365.00 price target on shares of Alphabet in a report on Monday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Alphabet from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Seven research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $316.79.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet has overtaken Apple to become the world’s second‑largest public company by market cap, reinforcing investor confidence in Alphabet’s AI momentum and signaling potential ETF/inflow support. Alphabet’s market-cap news
• Positive Sentiment: Analyst upgrades and higher price targets are piling up (Cantor Fitzgerald, Canaccord and others), giving buy-side momentum and a clearer near‑term valuation anchor for bullish flows. Analyst price target update
• Positive Sentiment: Product-driven monetization: Google is rolling Gemini AI features into Gmail (summaries, drafting, answers for billions of users), supporting ad/search engagement and differentiation vs. OpenAI. This underpins revenue upside expectations. Gmail Gemini features
• Positive Sentiment: Regulatory relief: reporting indicates EU’s digital-rule overhaul will avoid the strictest measures for big tech, reducing near‑term regulatory uncertainty for Google’s ad and platform businesses. EU digital rule overhaul
• Neutral Sentiment: Wiz acquisition pending: the EU will decide on Alphabet’s $32B Wiz cybersecurity buy by Feb. 10 — approval would remove a major deal overhang, but a rejection would be a setback. Outcome is binary. Wiz EU decision
• Neutral Sentiment: Fund rebalancing: Gradient Investments trimmed ~19% of its reported GOOG stake in the 12/31 13F; institutional churn can weigh on intraday flows but often reflects portfolio rebalancing rather than a negative view. Gradient Investments 13F update
• Negative Sentiment: Insider selling: CEO Sundar Pichai sold 32,500 shares (~$10.4M) in a disclosed SEC transaction; while routine for executives, such sales can be interpreted by some investors as a mild negative signal. Insider sale filing
• Negative Sentiment: Legal/reputational note: Alphabet and Character.AI have settled suits tied to harms allegedly caused by AI chatbots — settlement reduces litigation uncertainty but highlights regulatory and reputational risk around AI safety. Lawsuit settlement

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $326.01 on Friday. The firm has a market cap of $3.93 trillion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 1.78 and a beta of 1.09. The firm’s 50 day simple moving average is $305.95 and its 200-day simple moving average is $248.33. Alphabet Inc. has a one year low of $142.66 and a one year high of $330.54. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The firm had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. During the same quarter in the previous year, the business earned $2.12 earnings per share. Alphabet’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, equities analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, December 8th. Alphabet’s dividend payout ratio is currently 8.28%.

Insider Transactions at Alphabet

In related news, insider John Kent Walker sold 17,829 shares of the company’s stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $314.89, for a total value of $5,614,173.81. Following the completion of the sale, the insider directly owned 42,972 shares of the company’s stock, valued at $13,531,453.08. This represents a 29.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $250.15, for a total transaction of $8,129,875.00. Following the transaction, the chief executive officer directly owned 2,369,619 shares in the company, valued at $592,760,192.85. This trade represents a 1.35% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 227,965 shares of company stock valued at $67,495,822. 12.99% of the stock is currently owned by corporate insiders.

Alphabet 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.