Alphabet (NASDAQ:GOOGL) Price Target Raised to $260.00

Alphabet (NASDAQ:GOOGL) had its price objective lifted by Wedbush from $245.00 to $260.00 in a research note released on Friday morning,MarketScreener reports. The brokerage currently has an outperform rating on the information services provider’s stock. Wedbush also issued estimates for Alphabet’s Q4 2025 earnings at $2.50 EPS and FY2025 earnings at $9.91 EPS.

A number of other analysts have also recently commented on the stock. KeyCorp upped their price target on shares of Alphabet from $230.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, September 3rd. BNP Paribas cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 26th. HSBC began coverage on shares of Alphabet in a research report on Tuesday, October 7th. They set a “buy” rating and a $285.00 price target on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a research report on Tuesday, October 14th. Finally, Rosenblatt Securities increased their price objective on shares of Alphabet from $191.00 to $224.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average target price of $263.55.

Alphabet Stock Performance

Shares of GOOGL opened at $259.92 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $3.14 trillion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 1.75 and a beta of 1.00. The firm’s fifty day simple moving average is $236.72 and its two-hundred day simple moving average is $195.85. Alphabet has a 12 month low of $140.53 and a 12 month high of $261.68.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $249.50, for a total value of $8,108,750.00. Following the transaction, the chief executive officer owned 2,397,392 shares of the company’s stock, valued at approximately $598,149,304. This trade represents a 1.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Kent Walker sold 23,820 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the completion of the sale, the insider owned 42,999 shares of the company’s stock, valued at approximately $8,371,905.30. This trade represents a 35.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 246,150 shares of company stock valued at $55,805,379. 11.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alphabet

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mystic Asset Management Inc. grew its stake in Alphabet by 6.7% in the 1st quarter. Mystic Asset Management Inc. now owns 28,454 shares of the information services provider’s stock valued at $4,400,000 after buying an additional 1,791 shares in the last quarter. Harbour Trust & Investment Management Co grew its stake in Alphabet by 0.3% in the 1st quarter. Harbour Trust & Investment Management Co now owns 27,075 shares of the information services provider’s stock valued at $4,187,000 after buying an additional 80 shares in the last quarter. Cypress Capital LLC grew its stake in Alphabet by 4.1% in the 1st quarter. Cypress Capital LLC now owns 14,310 shares of the information services provider’s stock valued at $2,213,000 after buying an additional 563 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in Alphabet by 17.9% in the 1st quarter. Bridgeway Capital Management LLC now owns 88,187 shares of the information services provider’s stock valued at $13,637,000 after buying an additional 13,371 shares in the last quarter. Finally, Alaethes Wealth LLC grew its stake in Alphabet by 1.1% in the 1st quarter. Alaethes Wealth LLC now owns 7,646 shares of the information services provider’s stock valued at $1,182,000 after buying an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.