Alphabet Inc. (NASDAQ:GOOGL – Get Free Report) shares traded down 1.8% on Friday . The company traded as low as $330.20 and last traded at $337.39. Approximately 111,682,374 shares changed hands during mid-day trading, an increase of 240% from the average daily volume of 32,867,680 shares. The stock had previously closed at $343.71.
Key Headlines Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet continues to get credit for strong fundamentals, with new coverage highlighting rising advertising revenues, AI-driven ad tools, and expectations for more upside ahead. Alphabet Benefits From Rising Advertising Revenues: More Upside Ahead?
- Positive Sentiment: Wedbush said the recent tech sell-off looks like a buying opportunity rather than a breakdown in the AI trade, and included Alphabet among the core AI names in a multi-year bull market. Wedbush brushes off tech sell-off as buying chance in multi-year AI bull run
- Positive Sentiment: Alphabet’s inclusion in the Dow and continued investor interest in large-cap AI and tech leaders reinforces its status as a core holding for many portfolios. Google Parent Alphabet Is Joining the Dow. Time to Buy?
- Neutral Sentiment: Several articles focused on broader market rotation and AI valuation concerns, suggesting investors are becoming more selective within the “AI basket” rather than abandoning the theme entirely. A VC Says the ‘All Your Eggs in the AI Basket’ Trade Is Finally Cracking — Here’s Where the Money Goes Next
- Negative Sentiment: Investor sentiment has been hurt by reports that Alphabet is losing AI talent to rivals like Anthropic and OpenAI, raising questions about the competitiveness of Gemini and Google’s AI execution. Why is Google suddenly losing AI talent? The lure of pre-IPO equity is strong.
- Negative Sentiment: Alphabet also faces legal overhang from an antitrust case involving PriceRunner/Klarna, with a verdict now delayed until July 1, keeping regulatory risk in focus. Klarna-Google Antitrust Verdict Set for July 1
Wall Street Analysts Forecast Growth
GOOGL has been the topic of several research reports. UBS Group reaffirmed a “neutral” rating on shares of Alphabet in a research report on Wednesday, May 20th. BMO Capital Markets upped their price objective on Alphabet from $410.00 to $435.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Canaccord Genuity Group lifted their target price on Alphabet from $415.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Dbs Bank upped their price target on Alphabet from $400.00 to $460.00 in a research report on Thursday, May 7th. Finally, Roth Mkm reiterated a “buy” rating on shares of Alphabet in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $413.13.
Alphabet Trading Down 1.8%
The company has a market cap of $4.09 trillion, a P/E ratio of 25.74, a PEG ratio of 1.48 and a beta of 1.23. 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 business has a 50 day moving average price of $368.94 and a 200-day moving average price of $332.85.
Alphabet (NASDAQ:GOOGL – Get Free Report) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.64 by $2.47. The business had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Analysts forecast that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.
Alphabet Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is presently 6.71%.
Insider Activity
In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Frances Arnold sold 102 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $381.00, for a total value of $38,862.00. Following the completion of the sale, the director directly owned 18,721 shares of the company’s stock, valued at approximately $7,132,701. The trade was a 0.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 151,523 shares of company stock valued at $4,863,526 in the last 90 days. 11.61% of the stock is owned by company insiders.
Hedge Funds Weigh In On Alphabet
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. WealthPoint Financial LLC lifted its stake in shares of Alphabet by 19.5% during the 1st quarter. WealthPoint Financial LLC now owns 3,007 shares of the information services provider’s stock worth $865,000 after buying an additional 490 shares during the last quarter. Ballast Advisors LLC lifted its position in Alphabet by 5.4% during the first quarter. Ballast Advisors LLC now owns 14,566 shares of the information services provider’s stock worth $4,189,000 after acquiring an additional 740 shares during the last quarter. AMS Capital Ltda boosted its holdings in shares of Alphabet by 781.1% during the first quarter. AMS Capital Ltda now owns 111,474 shares of the information services provider’s stock worth $32,670,000 after acquiring an additional 98,823 shares during the period. Steelhead Wealth Management LLC acquired a new position in shares of Alphabet in the first quarter valued at approximately $538,000. Finally, S&A Financial Services Inc. bought a new position in shares of Alphabet during the first quarter worth approximately $584,000. 40.03% of the stock is owned by institutional investors.
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.
Featured Stories
- Five stocks we like better than Alphabet
- Rocket Lab’s NASA Win Tests Key Support After Sharp Pullback
- AST SpaceMobile Just Nailed a Major Launch—So Why Is the Stock Crashing?
- Palantir’s Valuation Problem Just Met 2 New Growth Catalysts
- Xcel Energy Stock Offers Stability as Electricity Demand Builds
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
