CTC 13F: Adds $131M to Alphabet (GOOG) Stake

CTC grew its investment in Alphabet Inc. (NASDAQ: GOOG) significantly during the most recent quarter. According to its latest Form 13F filing with the SEC on May 21, 2026, the firm increased its position by 216.7%. CTC added 369,391 shares of the search and cloud giant, ending the period with 539,819 shares. The total value of the stake was reported at approximately $190.7 million.

CTC Adjusts Its Alphabet Position

The firm's move represents a major scaling up of its interest in the Mountain View-based company. Before this latest round of buying, CTC held 170,428 shares. By more than tripling its position, the firm now has a much larger footprint in the communication services sector. This filing shows the fund had a cost basis of about $305.82 per share for its holdings at the time of the report.

Alphabet Stock Price Trends

Shares of Alphabet were priced at $353.34 on Friday. This price level puts the stock in the upper half of its trading range over the last year, where it has seen a low of $244.67 and a high of $404.47. The stock is currently trading slightly higher than its 50-day moving average of $342.14, suggesting a steady upward trend in recent months. With a price-to-earnings (P/E) ratio of 17.3, the company is valued at roughly 17 times its trailing earnings.

Recent Earnings and Growth

Alphabet reported total revenue of $445.87 billion in its most recent financial update, representing a 24.2% increase over the previous year. The company's profitability is quite high, showing a net margin of 54.77%. It also reported a return on equity of 48.68%, which measures how effectively the company uses investor money to generate profit. Earnings per share (EPS) reached $19.93. Investors are looking toward October 28, 2026, when the company is expected to release its next set of financial results.

Dividend Payments

While Alphabet is primarily known as a growth company, it does pay a small dividend to its shareholders. The current dividend yield is 0.26%. The company uses about 4.2% of its earnings to fund these payments, a payout ratio that suggests the dividend is well-covered by current profits.

Analysts Set New Price Targets

Several Wall Street firms have updated their views on Alphabet recently. On October 15, 2026, JP Morgan maintained an Overweight rating and raised its price target to $425.00. UBS kept a Neutral rating on October 14, 2026, with a target of $380.00. Earlier in the month, TD Cowen maintained a Buy rating on October 8, 2026, setting a more aggressive price target of $485.00. Currently, 14 analysts cover the stock with a consensus recommendation of strong buy and an average price target of $420.79.

About Alphabet Inc.

Alphabet is the parent company of Google, the world's most popular search engine. Beyond its core search business, it owns YouTube, the Android mobile operating system, and the Chrome web browser. The company also runs a large cloud computing business and invests in "Other Bets," which are experimental projects like self-driving cars and life sciences technology. Most of its money comes from digital advertising, but its cloud and hardware sales are becoming more important to its bottom line.

What's Ahead for Alphabet Inc.

Investors should keep an eye on how Alphabet's AI initiatives and cloud growth impact its next earnings report in late October. This 13F filing from CTC provides a look at what the fund owned as of the end of the reporting period in May, so it may not reflect their current portfolio today. Regulatory filings like these are useful for seeing where big money is moving, but they are always a few months behind the actual trades.