First Citizens Bank & Trust 13F: Adds $36M to GOOGL Stake

First Citizens Bank & Trust has significantly boosted its position in Alphabet Inc. (GOOGL) by adding 105,563 shares during the latest reporting period. The bank's stake rose 86.67% to a total of 227,361 shares, valued at approximately $78.2 million as of October 14, 2026. This filing reflects First Citizens' holdings as of the reporting date and may not represent its current position.

What Changed in First Citizens Bank & Trust's Alphabet Position

First Citizens Bank & Trust increased its holdings in Alphabet from 121,798 shares to 227,361 shares. The added shares suggest a strong confidence in the company's future prospects.

Other Institutional Activity in Alphabet

Several other prominent institutions also adjusted their stakes in Alphabet recently. BlackRock Inc. grew its holdings by 13,990,545 shares, ending with 460,972,803 shares valued at about $156.8 billion. Vanguard Capital Management LLC also increased its position by 4,690,439 shares, totaling 382,951,664 shares worth about $130.2 billion. FMR, LLC added 14,169,043 shares, bringing its total to 250,714,005 shares valued around $85.3 billion. State Street Corporation increased its stake by 12,715,889 shares, totaling 238,977,259 shares worth about $81.3 billion.

Alphabet Inc. Stock Down 2.2%

As of Friday, shares of Alphabet Inc. (GOOGL) traded at $339.95, which is near its 52-week high of $408.61. The stock has shown volatility, with a 50-day moving average around $344.92 and a 200-day average of $340.77. Investors are watching the stock closely after recent activity from institutional investors.

Recent Earnings

In its most recent quarter, Alphabet reported revenue of approximately $445.9 billion, showing a growth rate of 24.2% compared to the previous year. The company generated earnings per share (EPS) of $19.93, reflecting a net margin of 54.8%. Alphabet's next earnings release is scheduled for October 28, 2026.

Analysts Set New Price Targets

On October 15, 2026, JP Morgan maintained its 'Overweight' rating for Alphabet with a price target of $425.00, up from a prior target of $420.00. UBS also maintained a 'Neutral' rating with a target of $380.00. Cantor Fitzgerald reiterated its 'Overweight' rating with a target of $420.00, while Needham and Wells Fargo both maintained their 'Buy' and 'Overweight' ratings, respectively.

About Alphabet Inc.

Alphabet Inc. operates primarily in the internet content and information sector, offering a wide range of products and services through its Google Services, Google Cloud, and Other Bets segments. Its popular platforms include Google Search, YouTube, and Android, serving millions worldwide. This recent boost in holdings by First Citizens Bank & Trust reflects growing confidence in Alphabet's continued success.

Bottom Line

Investors will be looking ahead to Alphabet's next earnings report on October 28, 2026, to gauge the company's performance. The latest 13F filing from First Citizens Bank & Trust provides a snapshot of previous holdings and may not reflect current market conditions or positions.