Alphabet Inc. (NASDAQ:GOOGL – Get Free Report) shot up 1.1% on Tuesday . The company traded as high as $358.62 and last traded at $357.37. 33,839,883 shares were traded during mid-day trading, an increase of 3% from the average session volume of 33,007,801 shares. The stock had previously closed at $353.65.
Alphabet News Roundup
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet continues to get support from bullish analyst commentary, including multiple reports pointing to strong earnings momentum, favorable price targets, and the stock’s appeal as a growth name. 3 Reasons Growth Investors Will Love Alphabet (GOOGL)
- Positive Sentiment: Google Cloud is gaining enterprise traction, with a new Jack Henry deal strengthening Alphabet’s AI and cloud strategy and supporting the growth narrative. GOOGL’s AI Cloud Strategy Gets a Boost From Jack Henry: What’s Ahead?
- Positive Sentiment: Alphabet is also benefiting from broader AI-related optimism, including reports that Walmart’s agentic shopping push with Google’s Gemini could become a real-world catalyst for Google’s AI ecosystem. Agentic Shopping Is Coming. These Stocks Will Ride Walmart’s Google AI Bet.
- Neutral Sentiment: Google’s disruption of the NetNut proxy network used in malware operations is a cybersecurity win, but it is unlikely to move the stock materially on its own. Google disrupts NetNut proxy network used in malware operations
- Neutral Sentiment: Several reports on Alphabet’s momentum, earnings beat potential, and strong chart setup are supportive, but they largely reinforce an already-bullish long-term view rather than adding a fresh near-term catalyst. Here’s Why Alphabet (GOOGL) is a Strong Momentum Stock
- Negative Sentiment: The biggest negative driver is the EU court ruling upholding the Android fine, which keeps antitrust overhangs front and center for investors and adds to legal risk around Alphabet’s core platform business. EU top court dismisses Google fight against record €4.1 billion EU antitrust fine
- Negative Sentiment: Alphabet is also facing fresh legal pressure from other antitrust cases, including Swedish damages rulings over shopping/search practices, which could add to the market’s concern about regulatory headwinds. Swedish court orders Google pay $1.46 bn for favoring its price comparisons
Wall Street Analyst Weigh In
A number of analysts have commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a report on Monday, April 20th. Barclays reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, May 29th. Needham & Company LLC reiterated a “buy” rating and issued a $450.00 price objective on shares of Alphabet in a report on Wednesday, June 3rd. BNP Paribas Exane boosted their target price on Alphabet from $390.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Finally, Citigroup restated an “outperform” rating on shares of Alphabet in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $413.54.
Alphabet Stock Performance
The business has a fifty day simple moving average of $370.08 and a two-hundred day simple moving average of $333.88. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The company has a market cap of $4.37 trillion, a P/E ratio of 27.47, a P/E/G ratio of 1.53 and a beta of 1.23.
Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $106.98 billion. On average, sell-side analysts anticipate that Alphabet Inc. will post 14.3 EPS for the current year.
Alphabet Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet’s payout ratio is 6.71%.
Insider Activity at Alphabet
In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $341.72, for a total transaction of $153,432.28. Following the sale, the chief accounting officer directly owned 27,348 shares of the company’s stock, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 160,465 shares of company stock valued at $8,020,511 in the last three months. Corporate insiders own 11.61% of the company’s stock.
Hedge Funds Weigh In On Alphabet
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Lifetime Wealth Management P.C. bought a new stake in Alphabet during the 4th quarter worth approximately $32,000. EMC Capital Management bought a new position in shares of Alphabet in the fourth quarter worth approximately $33,000. PMV Capital Advisers LLC bought a new position in shares of Alphabet in the fourth quarter worth approximately $38,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of Alphabet in the fourth quarter worth $38,000. Finally, Bard Associates Inc. purchased a new stake in shares of Alphabet in the fourth quarter worth $52,000. 40.03% of the stock is currently owned by hedge funds and other 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.
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