Alphabet (NASDAQ:GOOGL) Stock Gets Price Target Reduction from KeyCorp

Alphabet (NASDAQ:GOOGL) had its price objective cut by KeyCorp from $435.00 to $410.00 in a report issued on Monday morning, MarketBeat Ratings reports. They currently have an overweight rating on the information services provider’s stock.

GOOGL has been the topic of a number of other reports. Morgan Stanley set a $400.00 target price on shares of Alphabet and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Wall Street Zen lowered shares of Alphabet from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Freedom Capital raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $425.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $445.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and a consensus target price of $426.34.

Alphabet Stock Performance

GOOGL stock opened at $334.68 on Monday. The stock’s 50 day simple moving average is $343.75 and its 200 day simple moving average is $352.84. Alphabet has a 12-month low of $249.29 and a 12-month high of $408.61. The firm has a market cap of $4.09 trillion, a P/E ratio of 17.09, a P/E/G ratio of 0.98 and a beta of 1.21. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. As a group, equities research analysts predict that Alphabet will post 20.60 EPS for the current year.

Insider Buying and Selling

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the sale, the chief accounting officer directly owned 27,386 shares in the company, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Frances Arnold sold 83 shares of the business’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the transaction, the director directly owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 339,182 shares of company stock worth $6,740,093 in the last three months. 11.61% of the stock is owned by insiders.

Hedge Funds Weigh In On Alphabet

Several institutional investors have recently modified their holdings of GOOGL. Titleist Asset Management LLC boosted its stake in Alphabet by 6.4% in the 3rd quarter. Titleist Asset Management LLC now owns 34,613 shares of the information services provider’s stock worth $11,909,000 after purchasing an additional 2,096 shares during the period. PFG Investments LLC increased its holdings in Alphabet by 2.6% during the 1st quarter. PFG Investments LLC now owns 89,299 shares of the information services provider’s stock worth $25,679,000 after purchasing an additional 2,269 shares in the last quarter. Elefante Mark B raised its stake in shares of Alphabet by 4.5% in the 2nd quarter. Elefante Mark B now owns 43,733 shares of the information services provider’s stock valued at $15,629,000 after purchasing an additional 1,897 shares during the period. Nwam LLC raised its stake in shares of Alphabet by 19.6% in the 1st quarter. Nwam LLC now owns 49,128 shares of the information services provider’s stock valued at $14,127,000 after purchasing an additional 8,055 shares during the period. Finally, WCM Investment Management LLC raised its stake in shares of Alphabet by 287.4% in the 1st quarter. WCM Investment Management LLC now owns 3,886 shares of the information services provider’s stock valued at $1,063,000 after purchasing an additional 2,883 shares during the period. Institutional investors own 40.03% of the company’s stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: OpenAI deal supports Google Cloud. OpenAI plans to make its leading models available through Google Cloud, adding a high-profile customer and potentially increasing demand for Alphabet’s cloud infrastructure and AI services. OpenAI to sell its top models on Google Cloud
• Positive Sentiment: AI and cloud remain central to the bullish case. Analysts and investors point to accelerating Google Cloud growth, rising demand for Alphabet’s custom AI chips, resilient Search revenue and potential earnings upside. TikTok’s shift of advertising spending toward YouTube could also provide a modest advertising tailwind. Cathie Wood Trimmed Ark’s Alphabet Stake
• Positive Sentiment: Waymo expansion adds longer-term optionality. Alphabet’s autonomous-driving unit has begun airport rides in Las Vegas and reportedly plans to expand its fleet substantially, while also preparing a Madrid launch. These developments could strengthen the value of Alphabet’s “Other Bets” portfolio. Waymo starts offering rides at the Las Vegas airport
• Neutral Sentiment: Earnings expectations are elevated. Wall Street expects continued revenue and earnings growth, with particular attention on Cloud growth, AI monetization, Search trends and capital spending. A beat or cautious guidance on October 28 could determine the next major move.
• Negative Sentiment: Cloud capacity and outage concerns are weighing on sentiment. Alphabet has acknowledged that Google Cloud is giving up some near-term revenue as it prioritizes AI capacity. A recent outage disrupted U.K. banking services and prompted questions from European regulators, highlighting operational and reputational risks. Europe’s financial regulators query Google over cloud outage
• Negative Sentiment: Regulatory and legal overhang persists. U.S. senators are investigating Google’s push to use AI in schools amid concerns about student welfare. Separately, multiple law firms are publicizing a securities class action alleging misstatements related to the Gemini 3.5 Pro launch timeline, with lead-plaintiff deadlines in late November and early December. Senators launch inquiry into Google’s AI push in schools

About Alphabet

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.