Alphabet Inc. (NASDAQ:GOOGL – Get Free Report) Director John Hennessy sold 1,050 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the transaction, the director owned 1,481 shares in the company, valued at $545,941.03. The trade was a 41.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Alphabet Stock Performance
Shares of GOOGL opened at $368.48 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.46 trillion, a price-to-earnings ratio of 28.11, a PEG ratio of 1.56 and a beta of 1.23. The stock has a 50 day moving average of $366.01 and a 200 day moving average of $331.69. Alphabet Inc. has a 12 month low of $162.00 and a 12 month high of $408.61.
Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $2.47. The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. As a group, sell-side analysts forecast that Alphabet Inc. will post 14.3 earnings per share for the current year.
Alphabet Increases Dividend
Wall Street Analyst Weigh In
Several brokerages have commented on GOOGL. Phillip Securities lifted their price objective on shares of Alphabet from $340.00 to $395.00 and gave the stock a “moderate buy” rating in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, April 28th. Barclays reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, May 29th. Rothschild & Co Redburn upped their price objective on Alphabet from $390.00 to $430.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Canaccord Genuity Group increased their price objective on Alphabet from $415.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $413.13.
Check Out Our Latest Analysis on GOOGL
Hedge Funds Weigh In On Alphabet
Several large investors have recently modified their holdings of the business. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet in the fourth quarter worth $32,000. EMC Capital Management bought a new stake in shares of Alphabet during the fourth quarter valued at about $33,000. PMV Capital Advisers LLC purchased a new stake in shares of Alphabet in the fourth quarter worth about $38,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of Alphabet in the fourth quarter worth about $38,000. Finally, Bard Associates Inc. bought a new position in shares of Alphabet in the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.
Key Stories Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet’s AI and cloud strategy is getting support from multiple reports highlighting its expanding data-center and AI infrastructure build-out, including plans to raise tens of billions in stock-funded capital for those efforts. Investors may view this as a sign the company is doubling down on long-term AI leadership. Article Title
- Positive Sentiment: Alphabet is being portrayed as a key AI beneficiary, with coverage noting its deep war chest, strong earnings momentum, and growing Google Cloud backlog, which could support future revenue and profit growth. Article Title
- Positive Sentiment: Berkshire Hathaway reportedly nearly tripled its Alphabet stake, a high-profile vote of confidence that may reinforce bullish sentiment around the stock. Article Title
- Positive Sentiment: Google’s DeepMind also outlined a plan to defend against rogue AI agents, reinforcing the company’s positioning as a leading AI platform player rather than just a search provider. Article Title
- Neutral Sentiment: Google launched a new Gemini-powered smart speaker, which could help its consumer AI ecosystem, but the near-term financial impact is unclear. Article Title
- Negative Sentiment: Waymo recalled nearly 3,900 robotaxis after software issues caused vehicles to enter freeway construction zones, adding another safety and regulatory headline risk for Alphabet’s autonomous-driving unit. Article Title
- Negative Sentiment: Noam Shazeer, a top Google DeepMind/Gemini AI leader, is leaving for OpenAI, which underscores the ongoing AI talent war and could pressure sentiment around Alphabet’s AI execution. Article Title
- Negative Sentiment: The UK also ordered Google to improve search-ranking transparency, a reminder of ongoing regulatory scrutiny over its dominant search business. Article Title
Alphabet Company Profile
Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.
Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.
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