Eagle Capital Management 13F: Cuts Alphabet (GOOG) Stake by $59M

Eagle Capital Management Trims Alphabet Shares

Eagle Capital Management scaled back its investment in Alphabet Inc. (NasdaqGS: GOOG) during the period, according to a recent Form 13F filing with the Securities and Exchange Commission. The firm filed the paperwork to reflect its holdings as of May 15, 2026, though the update provides a backward-looking snapshot that may not represent its current position today.

Reducing the Stake by 3.5 Percent

The fund trimmed its position by 166,439 shares, marking a 3.5% decrease from its prior holding of 4,762,992 shares. Eagle Capital Management wrapped up the period with 4,596,553 shares of the Google parent company. That remaining stake carried a reported market value of roughly $1.62 billion.

Alphabet Stock Performance

Alphabet shares recently traded at $353.34. The stock sits well within its 52-week range, which spans from a low of $244.67 to a high of $404.47. The company sports a price-to-earnings ratio of 17.3 on trailing earnings, while its forward P/E sits at 22.6.

Recent Earnings Overview

Alphabet reported strong financial figures with $445.87 billion in revenue over the trailing period, alongside a 24.2% revenue growth rate. The tech giant posted earnings of $19.93 per share, backed by a net margin of 54.8% and a return on equity of 48.7%. The company's next quarterly earnings report is scheduled for October 28, 2026.

Dividend Details

Alphabet pays an annual dividend yield of 0.26%, supported by a conservative payout ratio of 4.3%.

Analysts Set New Price Targets

Wall Street firms have kept a generally positive outlook on the stock through recent updates. On October 15, 2026, JP Morgan maintained its Overweight rating and lifted its price target to $425.00 from $420.00. UBS kept a Neutral rating on October 14, 2026, with a target of $380.00. Meanwhile, TD Cowen maintained a Buy rating on October 8, 2026, raising its target to $485.00 from $475.00. Across the broader analyst community, the stock holds a consensus recommendation of strong buy with a mean price target of $420.79.

Inside Alphabet's Operations

Alphabet Inc. operates as a massive holding company centered around internet search, cloud computing, advertising, and hardware. Through segments like Google Services and Google Cloud, the Mountain View, California-based firm powers everyday digital tools for billions of users while expanding enterprise artificial intelligence platforms.

What to Watch at Alphabet Inc.

Institutional investors and everyday market watchers will look toward Alphabet's upcoming earnings release on October 28, 2026, for fresh details on ad revenue and cloud demand. Because 13F filings look backward at past quarters, later regulatory reports will show whether Eagle Capital Management continues to trim or begins to rebuild its stake.