Alphabet (NASDAQ:GOOG) Stock Price Down 5.1% – Here’s What Happened

Shares of Alphabet Inc. (NASDAQ:GOOG) traded down 5.1% on Monday . The stock traded as low as $340.94 and last traded at $348.78. Approximately 31,732,873 shares were traded during trading, an increase of 49% from the average session volume of 21,309,959 shares. The stock had previously closed at $367.46.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet will join the Dow Jones Industrial Average on June 29, a milestone that boosts its prestige, visibility, and potential demand from index funds. Google-Parent Alphabet to Replace Verizon in Dow Jones Industrial Average
• Positive Sentiment: Analysts continue to point to Alphabet’s AI infrastructure and cloud momentum as a long-term growth driver, noting strong revenue growth and margin expansion. Alphabet Joins The Dow As AI Infrastructure Royalty (Rating Upgrade)
• Positive Sentiment: Argus reiterated support for Alphabet despite recent volatility, arguing the company’s capital spending and AI investments could pay off over time. Argus Backs Google Stock (GOOGL) amid Massive Capital Raise — Here’s Why
• Neutral Sentiment: Alphabet delayed the release of its Gemini 3.5 Pro AI model to July, saying it wanted to refine the product using early tester feedback. Alphabet (GOOGL) Delays Release of Gemini 3.5 Pro AI Model
• Neutral Sentiment: YouTube settled a youth mental-health lawsuit ahead of a California social-media trial, removing one near-term legal overhang but not eliminating broader regulatory scrutiny. Google’s YouTube settles with plaintiff ahead of second California trial over social media harm to children, attorneys say
• Negative Sentiment: Recent reports of AI talent departures and concerns about Google losing ground in the AI race remain a drag on sentiment, as investors worry about the company’s long-term competitive edge. Google’s online dominance Is showing signs of cracking in AI era

Wall Street Analyst Weigh In

Several equities research analysts have commented on GOOG shares. Pivotal Research restated a “buy” rating and issued a $470.00 price objective (up from $420.00) on shares of Alphabet in a research report on Wednesday, April 29th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $435.00 target price on shares of Alphabet in a report on Tuesday, June 2nd. Oppenheimer lifted their price objective on shares of Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Truist Financial set a $430.00 price objective on shares of Alphabet in a research report on Monday, June 1st. Finally, Citigroup restated a “market outperform” rating on shares of Alphabet in a research report on Monday. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Alphabet presently has an average rating of “Buy” and a consensus price target of $376.78.

Alphabet Price Performance

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 capitalization of $4.18 trillion, a price-to-earnings ratio of 26.31, a PEG ratio of 1.49 and a beta of 1.22. The stock’s 50-day simple moving average is $365.57 and its two-hundred day simple moving average is $331.59.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $2.43. The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.81 earnings per share. Equities research analysts predict that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is 6.71%.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 102 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $381.00, for a total transaction of $38,862.00. Following the completion of the sale, the director directly owned 18,721 shares in the company, valued at approximately $7,132,701. The trade was a 0.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. 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 sale, the director owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. This trade represents a 41.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 160,516 shares of company stock worth $7,344,604 in the last quarter. 12.99% of the stock is owned by insiders.

Institutional Investors Weigh In On Alphabet

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its stake in shares of Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after acquiring an additional 6,410 shares during the last quarter. Worldquant Millennium Advisors LLC lifted its stake in shares of Alphabet by 76.2% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider’s stock valued at $330,886,000 after purchasing an additional 806,681 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Alphabet in the 2nd quarter valued at $658,000. Financial Advisors Network Inc. grew its holdings in shares of Alphabet by 7.7% during the 2nd quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider’s stock worth $1,409,000 after purchasing an additional 565 shares during the period. Finally, Ausdal Financial Partners Inc. increased its position in shares of Alphabet by 10.7% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider’s stock worth $6,618,000 after purchasing an additional 3,616 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

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.