Alphabet (NASDAQ:GOOG) Price Target Raised to $390.00

Alphabet (NASDAQ:GOOG) had its target price increased by Canaccord Genuity Group from $330.00 to $390.00 in a report published on Wednesday morning, MarketBeat.com reports. Canaccord Genuity Group currently has a buy rating on the information services provider’s stock.

A number of other equities analysts also recently commented on GOOG. Cowen reissued a “buy” rating on shares of Alphabet in a research note on Friday, December 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on Alphabet from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Hsbc Global Res raised Alphabet to a “strong-buy” rating in a research report on Tuesday, October 7th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $340.00 target price on shares of Alphabet in a report on Thursday, October 30th. Seven investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Alphabet has a consensus rating of “Buy” and a consensus price target of $318.18.

Alphabet Stock Up 1.0%

NASDAQ:GOOG opened at $329.29 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. Alphabet has a 1-year low of $142.66 and a 1-year high of $331.48. The company has a 50-day moving average of $306.90 and a 200 day moving average of $249.47. The firm has a market cap of $3.97 trillion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 1.80 and a beta of 1.09.

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

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were paid a $0.21 dividend. The ex-dividend date was Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 8.28%.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 600 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $308.19, for a total transaction of $184,914.00. Following the sale, the director directly owned 3,916 shares of the company’s stock, valued at $1,206,872.04. The trade was a 13.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frances Arnold sold 102 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $313.45, for a total value of $31,971.90. Following the completion of the transaction, the director owned 18,205 shares of the company’s stock, valued at $5,706,357.25. This trade represents a 0.56% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its stake in shares of Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after purchasing an additional 6,410 shares in the last quarter. Anchor Investment Management LLC increased its position in shares of Alphabet by 1.8% in the first quarter. Anchor Investment Management LLC now owns 90,936 shares of the information services provider’s stock valued at $14,207,000 after buying an additional 1,635 shares in the last quarter. Ransom Advisory Ltd acquired a new position in shares of Alphabet during the 1st quarter worth approximately $4,895,000. Integrity Alliance LLC. lifted its position in shares of Alphabet by 590.3% during the 1st quarter. Integrity Alliance LLC. now owns 35,124 shares of the information services provider’s stock valued at $5,487,000 after buying an additional 30,036 shares in the last quarter. Finally, Flaharty Asset Management LLC grew its stake in Alphabet by 10.7% in the 1st quarter. Flaharty Asset Management LLC now owns 3,277 shares of the information services provider’s stock valued at $512,000 after acquiring an additional 317 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Multiple analyst upgrades and higher price targets boost upside expectations for GOOG, with Canaccord and others lifting targets well above prior levels — a direct catalyst for buying interest. Canaccord Raises PT to $390
• Positive Sentiment: AI product momentum: reports show Gemini gaining share versus ChatGPT and Gemini-powered features rolling into Gmail at scale — this supports stronger ad/search monetization and cloud expectations. Gemini Gains Market Share
• Positive Sentiment: Market-cap milestone: Alphabet briefly overtook Apple as the world’s No.2 public company — a sign of investor confidence that can attract index/ETF flows and reinforce momentum. Alphabet Surpasses Apple
• Neutral Sentiment: Wiz acquisition pending EU approval by Feb.10 — approval would remove a large M&A overhang; rejection would be a setback. Outcome is material but binary. EU to Decide on Wiz Deal
• Neutral Sentiment: Waymo branding/product updates signal long-term autonomy growth but limited near-term EPS impact; watch commercialization cadence. Waymo Rebrands Robotaxi
• Negative Sentiment: Regulatory/reputational pressure: three Democratic senators urged Apple and Google to suspend X and Grok from their app stores over sexualized images of minors created via AI — a headline that raises moderation/regulatory scrutiny for app stores and Google’s ecosystem. Senators Call to Suspend X and Grok
• Negative Sentiment: Legal exposure from AI products: Alphabet and Character.AI settled suits alleging AI chatbots harmed minors (including a teen suicide), underscoring potential costs, regulation and reputational risk. AI Lawsuit Settlements
• Negative Sentiment: Insider selling and talent movement: CEO Sundar Pichai disclosed a multi-million-dollar share sale; separately, Nvidia hired a Google marketing veteran — both can weigh on near-term sentiment and raise questions about insider cashing and talent retention. Pichai Share Sale

About Alphabet

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.