Alphabet (NASDAQ:GOOG – Free Report) had its price target lowered by Truist Financial from $430.00 to $420.00 in a report published on Thursday, MarketBeat reports. The brokerage currently has a buy rating on the information services provider’s stock.
Other equities analysts have also recently issued research reports about the company. Piper Sandler reiterated an “overweight” rating and set a $395.00 target price (down from $445.00) on shares of Alphabet in a report on Thursday. Canaccord Genuity Group set a $450.00 price target on Alphabet in a report on Thursday. Wedbush began coverage on Alphabet in a research report on Thursday, July 16th. They set an “outperform” rating and a $445.00 price objective for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a report on Friday, July 17th. Finally, Scotiabank reissued an “outperform” rating and issued a $450.00 target price (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. Six analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Buy” and a consensus target price of $410.09.
View Our Latest Research Report on Alphabet
Alphabet Trading Up 0.2%
Alphabet (NASDAQ:GOOG – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $6.24. The company had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period last year, the firm posted $2.31 earnings per share. On average, equities analysts expect that Alphabet will post 17.25 earnings per share for the current year.
Alphabet Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet’s dividend payout ratio is currently 4.42%.
Insider Buying and Selling
In related news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the sale, the director owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. The trade was a 41.49% decrease in their ownership of the stock. The transaction 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 8,998 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the sale, the insider owned 75,290 shares in the company, valued at $26,298,044.10. The trade was a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,415 shares of company stock worth $7,672,279 over the last three months. Company insiders own 12.99% of the company’s stock.
Institutional Investors Weigh In On Alphabet
Institutional investors and hedge funds have recently made changes to their positions in the stock. Imprint Wealth LLC bought a new stake in Alphabet during the third quarter worth $31,000. Nvest Wealth Strategies Inc. acquired a new stake in Alphabet in the fourth quarter valued at $38,000. Lifetime Wealth Management P.C. acquired a new stake in Alphabet in the fourth quarter valued at $38,000. Bard Associates Inc. bought a new position in shares of Alphabet in the 4th quarter valued at about $41,000. Finally, Towne Trust Company N.A grew its position in shares of Alphabet by 34.0% in the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after acquiring an additional 34 shares during the period. Institutional investors own 27.26% of the company’s stock.
Trending Headlines about Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet posted a strong Q2 beat, with revenue and EPS coming in ahead of expectations, while Google Cloud revenue surged 82% and cloud margins improved sharply.
- Positive Sentiment: AI and product demand remain strong, with management saying AI usage is rising across Search, Cloud, and Gemini, supporting the long-term growth story.
- Positive Sentiment: Several analysts reiterated bullish views or raised targets, and multiple commentary pieces argued the stock looks attractive after the pullback.
- Positive Sentiment: Verizon signed a deal worth more than $1 billion with Google for dark fiber connectivity, adding another sign of infrastructure demand tied to Alphabet’s data-center buildout. Article Title
- Neutral Sentiment: Waymo is reportedly considering ending its Uber partnership, which could affect how quickly Alphabet’s robotaxi business scales, but the direct financial impact is still unclear. Article Title
- Neutral Sentiment: Alphabet also disclosed a large SpaceX stake and saw some institutional holders trim positions, but these items are secondary to the main debate over AI spending and cash flow.
- Negative Sentiment: Investors were unnerved by Alphabet’s higher CapEx guidance and negative free cash flow, which raised concerns that AI spending may be outpacing near-term returns.
- Negative Sentiment: Alphabet was also hit by an EU antitrust fine of about $1 billion, adding another regulatory overhang. Article Title
- Negative Sentiment: Moody’s warned that the industry-wide AI buildout could threaten credit quality at Alphabet and other hyperscalers, reinforcing concerns about balance-sheet strain from heavy infrastructure investment. Article Title
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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