Alphabet Inc. (NASDAQ:GOOG – Get Free Report)’s stock price was up 1.1% during mid-day trading on Tuesday . The company traded as high as $373.60 and last traded at $371.10. 16,352,195 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 21,154,904 shares. The stock had previously closed at $367.11.
Trending Headlines about Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet continues to benefit from strong AI and cloud positioning, with reports highlighting rising AI spending, Google Cloud momentum, and a major HSBC partnership to expand AI usage on Google Cloud. HSBC partners with Google Cloud to expand AI usage
- Positive Sentiment: Alphabet also got a boost from headlines about a $1.5 billion investment to expand its Alabama data center campus, reinforcing confidence in long-term infrastructure spending to support AI demand. Alphabet Announces $1.5 Billion Investment Across 2026 And 2027 To Expand Its Alabama Data Center Campus
- Positive Sentiment: Several articles pointed to Alphabet’s improving earnings and cloud backlog, which supports the bull case that growth in search, cloud, and AI is still accelerating. Forget SpaceX. Alphabet Just Beat Earnings by 94% and Doubled Its Cloud Backlog to $460 Billion
- Positive Sentiment: Berkshire Hathaway reportedly nearly tripled its Alphabet stake, a notable vote of confidence from a major long-term investor. Warren Buffett Just Tripled Down on the Stock Bill Ackman Is Selling
- Neutral Sentiment: Alphabet’s new smart-home speaker and Gemini-related product launches show continued product innovation, but the near-term stock impact appears limited unless adoption proves strong. Google bets on Gemini to reinvent the smart home speaker
- Negative Sentiment: Waymo recalled about 3,800 robotaxis after some vehicles drove into freeway construction zones, renewing safety concerns around Alphabet’s autonomous driving business. Waymo to recall over 3,800 robotaxis over risk of entering closed construction zones
- Negative Sentiment: Alphabet also faces pressure from the departure of Gemini co-lead Noam Shazeer to OpenAI, which could raise worries about AI talent retention in a competitive market. Google’s Gemini co-lead Noam Shazeer to join OpenAI
- Negative Sentiment: New UK search transparency requirements add to Alphabet’s ongoing regulatory scrutiny, which could pressure margins or limit flexibility in search monetization over time. UK regulator sets out conduct requirements for Google’s search services
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Phillip Securities lowered shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a report on Wednesday, April 15th. Truist Financial set a $430.00 price target on shares of Alphabet in a research note on Monday, June 1st. Freedom Capital lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Raymond James Financial reiterated a “strong-buy” rating and set a $425.00 price objective on shares of Alphabet in a research report on Thursday, April 30th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $435.00 target price on shares of Alphabet in a report on Tuesday, June 2nd. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $376.78.
Alphabet Trading Up 1.5%
The stock has a market cap of $4.45 trillion, a PE ratio of 28.03, a PEG ratio of 1.59 and a beta of 1.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a fifty day moving average price of $361.98 and a 200 day moving average price of $330.47.
Alphabet (NASDAQ:GOOG – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.68 by $2.43. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.Alphabet’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.81 EPS. Equities analysts expect that Alphabet Inc. will post 14.3 EPS for the current year.
Alphabet Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 8th. Alphabet’s dividend payout ratio (DPR) is presently 6.71%.
Insiders Place Their Bets
In related news, Director Frances Arnold sold 102 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $381.00, for a total transaction of $38,862.00. Following the transaction, the director directly owned 18,721 shares in the company, valued at approximately $7,132,701. This represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 617 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 159,466 shares of company stock valued at $6,957,543. 12.99% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the business. PVG Asset Management Corp grew its stake in shares of Alphabet by 180.3% during the first quarter. PVG Asset Management Corp now owns 7,498 shares of the information services provider’s stock valued at $2,151,000 after buying an additional 4,823 shares during the last quarter. Steelhead Wealth Management LLC purchased a new stake in shares of Alphabet in the first quarter worth approximately $220,000. Lombard Odier Asset Management Europe Ltd bought a new stake in shares of Alphabet during the 1st quarter worth approximately $324,000. E Wealth Partners LLC lifted its stake in shares of Alphabet by 6.9% during the 1st quarter. E Wealth Partners LLC now owns 1,160 shares of the information services provider’s stock worth $333,000 after acquiring an additional 75 shares during the last quarter. Finally, Curry Webb Wealth Management LLC purchased a new position in Alphabet during the 1st quarter valued at $335,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.
Alphabet Company Profile
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.
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