Alphabet (NASDAQ:GOOGL) Receives Neutral Rating from Rosenblatt Securities

Alphabet (NASDAQ:GOOGL)‘s stock had its “neutral” rating reaffirmed by analysts at Rosenblatt Securities in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $393.00 target price on the information services provider’s stock. Rosenblatt Securities’ target price would indicate a potential upside of 1.05% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group raised their price objective on Alphabet from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a research note on Wednesday. Wedbush raised their price objective on Alphabet from $360.00 to $370.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. UBS Group restated a “neutral” rating on shares of Alphabet in a research note on Wednesday. Finally, Susquehanna restated a “positive” rating and set a $460.00 price objective (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $412.65.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $388.91 on Thursday. 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 stock’s fifty day simple moving average is $334.65 and its two-hundred day simple moving average is $320.07. Alphabet has a 1-year low of $162.00 and a 1-year high of $408.61. The stock has a market cap of $4.71 trillion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 1.66 and a beta of 1.26.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data 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. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.98 billion. As a group, analysts forecast that Alphabet will post 14.29 EPS for the current fiscal year.

Insider Activity at Alphabet

In other news, insider John Kent Walker sold 8,993 shares of Alphabet stock in a transaction on Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the sale, the insider directly owned 51,808 shares in the company, valued at $14,293,309.12. The trade was a 14.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction 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 disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 226,481 shares of company stock worth $27,422,061. 11.61% of the stock is owned by company insiders.

Institutional Investors Weigh In On Alphabet

Several large investors have recently added to or reduced their stakes in GOOGL. Lifetime Wealth Management P.C. purchased a new stake in Alphabet in the 4th quarter worth about $32,000. EMC Capital Management purchased a new stake in Alphabet in the 4th quarter worth about $33,000. PMV Capital Advisers LLC purchased a new stake in Alphabet in the 4th quarter worth about $38,000. IFC & Insurance Marketing Inc. purchased a new stake in Alphabet in the 4th quarter worth about $38,000. Finally, Bard Associates Inc. purchased a new stake in Alphabet in the 4th quarter worth about $52,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet and Blackstone announced a $5 billion AI infrastructure joint venture to build TPU-powered cloud capacity, expanding Google’s AI ecosystem and potentially creating a new revenue stream from compute-as-a-service. Google, Blackstone to create new AI cloud company, WSJ reports
• Positive Sentiment: Google I/O showcased an aggressive AI push across Search, Gemini, Workspace, shopping, agents, and video tools, which investors see as evidence Alphabet is turning AI innovation into monetization. Google debuts new AI models, personal AI agents in effort to keep pace with OpenAI and Anthropic
• Positive Sentiment: Wall Street sentiment remains constructive, with multiple firms reiterating buy ratings and raising price targets after the I/O event, signaling confidence in Alphabet’s AI roadmap and earnings power. Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, And TSLA
• Positive Sentiment: Alphabet said Gemini now has 900 million monthly users and AI Overviews has 2.5 billion monthly users, showing its AI products already have massive scale and adoption. Google kicks off I/O conference with AI upgrades for coders, consumers
• Neutral Sentiment: Alphabet disclosed insider selling, including a director sale, but the transactions look routine and do not clearly signal a change in fundamentals. SEC filing
• Negative Sentiment: Some investors remain wary that Google’s AI-heavy search redesign could disrupt its core ad model by shifting users away from the familiar “ten blue links” format. Google Search as you know it is over
• Negative Sentiment: Alphabet is also facing fresh regulatory and public-safety scrutiny, including complaints over scam handling and criticism of YouTube’s child-safety protections, which could add headline risk. EU consumer complaints about handling of financial scams

About Alphabet

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.