Alphabet Inc. (NASDAQ:GOOG – Get Free Report)’s share price was up 3.5% during trading on Tuesday . The company traded as high as $330.64 and last traded at $330.43. Approximately 18,470,516 shares changed hands during trading, a decline of 14% from the average daily volume of 21,545,186 shares. The stock had previously closed at $319.21.
Key Stories Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: 247WallSt model upgrades GOOG with a $352.02 price target (~11.5% upside) citing accelerating Cloud growth, a dominant AI platform and a buy signal — adds analyst momentum to the stock. Google Price Prediction: Bull and Bear Case
- Positive Sentiment: Citi put Alphabet on a 90‑day “Positive Catalyst Watch” (Q1 earnings, Google I/O, Cloud Next) — a near‑term catalyst window that can attract momentum traders ahead of events. Alphabet (GOOG) Stock Gains Citi’s Positive Catalyst Watch Through July
- Positive Sentiment: Broadcom deal and expanded Anthropic/Alphabet collaborations reinforce confidence in Google’s AI infrastructure roadmap (TPUs, networking) — supports longer‑term AI revenue and cloud positioning. Broadcom deal with Google signals stronger AI demand but long-term risks remain: UBS
- Positive Sentiment: DeepMind released an updated robotics AI model and opened access to developers — product progress that underpins Alphabet’s AI leadership narrative and potential new enterprise use cases. Google DeepMind Releases New AI Model to Bring Robots Closer to Real Autonomy
- Neutral Sentiment: ETF flows and index moves (QQQ/VOO) are lifting large-cap tech names including GOOG — part of today’s market‑wide upside rather than Alphabet‑specific news. QQQ is up 1.3% today, on TSLA stock price movement
- Neutral Sentiment: DeepMind’s hire of a philosopher signals governance/preparatory work around advanced AI ethics — reputationally relevant but not an immediate earnings driver. Google DeepMind Hires a Philosopher to Prepare for Machine Consciousness
- Negative Sentiment: Emarketer/WSJ reports project Meta overtaking Google in global digital ad revenue by end‑2026 — raises investor concern about ad‑market share and pricing power. Meta poised to surpass Google in digital ad revenue for first time, report says
- Negative Sentiment: New study finds AI chatbots miss early medical diagnoses over 80% of the time — a reputational and regulatory risk for AI product adoption in healthcare and related verticals. AI Chatbots Miss Early Diagnoses Over 80% of the Time, Raising New Risks for Alphabet (GOOGL) and AI Leaders
- Negative Sentiment: Coverage warns that Meta (and Zuckerberg initiatives) could structurally threaten Google’s advertising “money machine,” adding competitive fears to the headline risk set. Zuckerberg Is Dangerously Close To Cracking Google’s Money Machine
- Negative Sentiment: 13F filing update: Banque Pictet reduced GOOG holdings materially — a signal that at least one institutional holder trimmed exposure this quarter. Fund Update: BANQUE PICTET & CIE SA Just Disclosed New Holdings
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on GOOG shares. Needham & Company LLC set a $400.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a research note on Friday, March 13th. TD Cowen restated a “buy” rating and set a $365.00 price objective (up from $355.00) on shares of Alphabet in a research note on Thursday, February 5th. Cantor Fitzgerald restated a “neutral” rating on shares of Alphabet in a research note on Tuesday, January 20th. Piper Sandler restated an “overweight” rating and set a $395.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Finally, Jefferies Financial Group restated a “buy” rating and set a $365.00 price objective on shares of Alphabet in a research note on Monday, January 5th. Nine equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $345.71.
Alphabet Stock Performance
The stock has a market capitalization of $4.00 trillion, a P/E ratio of 30.57, a PEG ratio of 1.95 and a beta of 1.13. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The company’s fifty day simple moving average is $305.81 and its two-hundred day simple moving average is $299.79.
Alphabet (NASDAQ:GOOG – Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.23. The firm had revenue of $113.83 billion for the quarter, compared to analysts’ expectations of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business’s revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.15 EPS. As a group, equities analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.
Alphabet Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, March 9th. Alphabet’s dividend payout ratio is currently 7.77%.
Insider Transactions at Alphabet
In other Alphabet news, CAO Amie Thuener O’toole sold 955 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total value of $284,590.00. Following the transaction, the chief accounting officer directly owned 9,918 shares of the company’s stock, valued at $2,955,564. This represents a 8.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $303.41, for a total transaction of $318,580.50. Following the completion of the transaction, the director directly owned 4,631 shares in the company, valued at approximately $1,405,091.71. This represents a 18.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 2,068,744 shares of company stock worth $104,505,914. 12.99% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Auto Owners Insurance Co increased its holdings in shares of Alphabet by 38,409.2% during the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock worth $5,643,262,000 after purchasing an additional 179,369,280 shares during the period. J. Stern & Co. LLP increased its holdings in shares of Alphabet by 28,482.8% during the fourth quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock worth $35,174,429,000 after purchasing an additional 111,699,704 shares during the period. Norges Bank bought a new position in shares of Alphabet during the fourth quarter worth approximately $18,093,665,000. Cardano Risk Management B.V. increased its holdings in shares of Alphabet by 850.3% during the fourth quarter. Cardano Risk Management B.V. now owns 17,692,600 shares of the information services provider’s stock worth $5,551,938,000 after purchasing an additional 15,830,754 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Alphabet by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock worth $132,114,125,000 after purchasing an additional 8,128,234 shares during the period. 27.26% of the stock is owned by institutional investors.
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.
Further Reading
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