Alphabet (NASDAQ:GOOGL) Given Market Outperform Rating at Citizens Jmp

Key Points

• Citizens JMP reiterated a “market outperform” rating on Alphabet and set a $515 price target, implying about 33.86% upside from the previous close.
• Alphabet has also seen broad analyst support lately, with several firms raising targets or maintaining bullish ratings. The stock currently carries a Moderate Buy consensus and an average price target of $412.65.
• The company’s latest earnings were stronger than expected, with quarterly EPS of $5.11 versus estimates of $2.64 and revenue of $109.9 billion beating forecasts. The article also highlights ongoing AI momentum, including a $5 billion AI cloud venture with Blackstone and new AI features across Google products.

Alphabet (NASDAQ:GOOGL - Get Free Report)'s stock had its "market outperform" rating reiterated by stock analysts at Citizens Jmp in a research report issued on Wednesday,Benzinga reports. They currently have a $515.00 price target on the information services provider's stock. Citizens Jmp's target price points to a potential upside of 33.86% from the stock's previous close.

GOOGL has been the subject of a number of other research reports. BNP Paribas Exane upped their price objective on shares of Alphabet from $390.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, April 30th. Daiwa Securities Group lifted their price objective on Alphabet from $380.00 to $445.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Wells Fargo & Company reiterated an "overweight" rating and set a $435.00 price target (up from $427.00) on shares of Alphabet in a research report on Wednesday. Freedom Capital downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a report on Monday, May 4th. Finally, Susquehanna reaffirmed a "positive" rating and set a $460.00 target price (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $412.65.

Alphabet Price Performance

Shares of GOOGL traded down $2.93 during trading hours on Wednesday, reaching $384.73. 7,939,642 shares of the company's stock traded hands, compared to its average volume of 31,486,672. Alphabet has a 12 month low of $162.00 and a 12 month high of $408.61. The stock has a market cap of $4.66 trillion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 1.70 and a beta of 1.26. 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 firm's 50 day simple moving average is $333.00 and its 200-day simple moving average is $319.32.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. Equities analysts expect that Alphabet will post 14.29 EPS for the current year.

Insider Buying and Selling at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business's stock in a transaction dated 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 available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $303.38, for a total transaction of $9,859,850.00. Following the completion of the transaction, the chief executive officer owned 1,674,560 shares in the company, valued at $508,028,012.80. The trade was a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 226,481 shares of company stock valued at $27,422,061. Insiders own 11.61% of the company's stock.

Institutional Investors Weigh In On Alphabet

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. acquired a new stake in Alphabet during the 3rd quarter valued at $416,217,000. Sovran Advisors LLC grew its holdings in Alphabet by 23.6% in the 3rd quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider's stock valued at $5,401,000 after buying an additional 4,241 shares during the period. World Investment Advisors grew its holdings in Alphabet by 9.2% in the fourth quarter. World Investment Advisors now owns 274,761 shares of the information services provider's stock valued at $86,000,000 after purchasing an additional 23,107 shares during the period. Wright Investors Service Inc. increased its holdings in shares of Alphabet by 21.2% during the 3rd quarter. Wright Investors Service Inc. now owns 50,064 shares of the information services provider's stock worth $12,171,000 after buying an additional 8,746 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its stake in Alphabet by 5.4% during the third quarter. Belpointe Asset Management LLC now owns 72,608 shares of the information services provider's stock worth $17,652,000 after acquiring an additional 3,740 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Needham reaffirmed its buy rating on Alphabet and set a $450 price target, signaling continued upside from current levels. Benzinga
• Positive Sentiment: Alphabet and Blackstone announced a $5 billion AI cloud venture built around Google’s TPUs, a move that could boost AI infrastructure revenue and strengthen Alphabet’s competitive position. Thales inks deal with Google for homegrown German cloud provider
• Positive Sentiment: Google I/O showcased a broad AI push across Search, Gemini, Workspace, shopping, and video tools, reinforcing the view that Alphabet is monetizing AI at scale rather than merely defending against rivals. Google debuts new AI models, personal AI agents in effort to keep pace with OpenAI and Anthropic
• Positive Sentiment: Analysts remained constructive, with Arete Research lifting its price target to $425 and maintaining a buy rating. Arete Research adjusts price target on Alphabet to $425 from $405
• Neutral Sentiment: Alphabet disclosed some insider selling, including a director sale, but the transactions appear routine and are not a strong fundamental signal on their own. SEC filing
• Negative Sentiment: Some investors are wary that Google’s AI-heavy Search redesign could disrupt its core ad model, as the long-standing “ten blue links” format gives way to more AI-generated answers. Google Search as you know it is over

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.

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