Alphabet Inc. (NASDAQ:GOOG - Get Free Report) was up 3.6% during trading on Wednesday . The company traded as high as $319.39 and last traded at $314.74. Approximately 20,657,604 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 21,979,840 shares. The stock had previously closed at $303.93.
More Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Broadcom‑Google‑Anthropic supply and TPU agreements lock in long‑term AI infrastructure for Google, improving compute scale and third‑party TPU availability that underpins Google Cloud and Gemini deployments. This reduces supply risk and supports enterprise AI monetization. Broadcom signs long-term deal to develop Google's custom AI chips (Reuters)
- Positive Sentiment: Google Finance rolled out an AI overhaul and real‑time insights across 100+ countries — a product upgrade that can boost user engagement and ad/product monetization across Google’s ecosystem. Google Finance Gets AI Overhaul (Benzinga)
- Positive Sentiment: Wing (Alphabet’s drone unit) and DoorDash expanded drone deliveries into Atlanta — a steady execution signal for “Other Bets” commercialization and new last‑mile revenue channels. Wing Drone Unit, DoorDash Expand Into Atlanta (Investors Business Daily)
- Neutral Sentiment: Google Cloud continues to be the fastest‑growing major cloud platform with accelerating AI workloads and a surging cloud backlog — a multi‑quarter growth driver, though it comes with heavy 2026 capex commitments that investors are watching.
- Neutral Sentiment: Macro tailwind: tech rallied after a reported U.S.–Iran ceasefire, lifting large-cap names including Alphabet as part of a broader risk‑on move. Tech rally after ceasefire (CNBC)
- Neutral Sentiment: Analyst commentary remains supportive (buy ratings and notes emphasizing Alphabet as an AI beneficiary and cloud leader), which helps sentiment but may already be priced in. Analyst bullish note (TipRanks)
- Negative Sentiment: TCW’s Relative Value Large Cap Fund sold Alphabet after meeting valuation criteria — a visible institutional sell that can pressure sentiment if followed by others. TCW fund sold Alphabet (MSN)
- Negative Sentiment: Operational/ESG risk: reports of hyperscaler data‑center pushback (water, land, energy) could delay capacity expansion and raise costs for big cloud builders, including Google. That adds execution risk to an otherwise bullish cloud story. Data center pushback (Benzinga/Reuters)
- Negative Sentiment: Competitive watch: Meta’s new AI model debut underscores intensifying competition in AI products and ad monetization, which could compress long‑term margins if competitors capture engagement. Meta debuts new AI model (YouTube/CNBC)
Analysts Set New Price Targets
A number of research analysts have commented on GOOG shares. Jefferies Financial Group reaffirmed a "buy" rating and issued a $365.00 price objective on shares of Alphabet in a report on Monday, January 5th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $375.00 price objective on shares of Alphabet in a report on Thursday, January 15th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Alphabet in a report on Tuesday, January 20th. Wedbush reaffirmed an "outperform" rating and issued a $370.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $345.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Nine analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $345.71.
Check Out Our Latest Research Report on Alphabet
Alphabet Price Performance
The stock has a market capitalization of $3.81 trillion, a price-to-earnings ratio of 29.12, a PEG ratio of 1.80 and a beta of 1.13. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The company has a fifty day simple moving average of $307.66 and a two-hundred day simple moving average of $297.91.
Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The information services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.23. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm had revenue of $113.83 billion during the quarter, compared to analysts' expectations of $111.24 billion. During the same period in the previous year, the firm earned $2.15 EPS. The company's quarterly revenue was up 18.0% compared to the same quarter last year. As a group, equities research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.
Alphabet Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's payout ratio is 7.77%.
Insider Activity at Alphabet
In other news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the business's stock in a transaction on Friday, January 30th. The stock was sold at an average price of $19.00, for a total transaction of $35,060,852.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 47,574 shares of the business's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the transaction, the insider directly owned 13,227 shares of the company's stock, valued at $3,987,279.15. This trade represents a 78.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,069,344 shares of company stock worth $104,708,426 in the last three months. Insiders own 12.99% of the company's stock.
Hedge Funds Weigh In On Alphabet
A number of institutional investors have recently modified their holdings of GOOG. Brighton Jones LLC raised its position in Alphabet by 5.6% in the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock valued at $22,901,000 after purchasing an additional 6,410 shares during the last quarter. Financial Strategies Group Inc. raised its position in Alphabet by 7.5% in the second quarter. Financial Strategies Group Inc. now owns 62,776 shares of the information services provider's stock valued at $11,382,000 after purchasing an additional 4,367 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Alphabet by 4.0% in the second quarter. Daiwa Securities Group Inc. now owns 1,085,375 shares of the information services provider's stock valued at $192,534,000 after purchasing an additional 41,752 shares during the last quarter. London & Capital Asset Management Ltd raised its position in Alphabet by 19.9% in the second quarter. London & Capital Asset Management Ltd now owns 347,955 shares of the information services provider's stock valued at $61,722,000 after purchasing an additional 57,703 shares during the last quarter. Finally, State Street Corp raised its position in Alphabet by 1.3% in the second quarter. State Street Corp now owns 188,914,125 shares of the information services provider's stock valued at $33,511,477,000 after purchasing an additional 2,428,266 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.
About Alphabet
(
Get Free Report)
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.
Further Reading
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