Alphabet (NASDAQ:GOOGL - Get Free Report)'s stock had its "overweight" rating reiterated by stock analysts at Cantor Fitzgerald in a note issued to investors on Monday, Benzinga reports. They presently have a $420.00 price target on the information services provider's stock. Cantor Fitzgerald's price objective would indicate a potential upside of 19.43% from the stock's previous close.
A number of other analysts also recently issued reports on the stock. Jefferies Financial Group restated a "buy" rating on shares of Alphabet in a report on Monday, June 22nd. DZ Bank upgraded Alphabet to a "strong-buy" rating in a report on Thursday, July 23rd. UBS Group lowered their price objective on Alphabet from $400.00 to $379.00 and set a "neutral" rating for the company in a research report on Thursday, July 23rd. Barclays reissued an "overweight" rating and set a $425.00 target price (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Piper Sandler lifted their target price on Alphabet from $395.00 to $400.00 and gave the company an "overweight" rating in a research report on Monday, September 28th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $425.72.
Check Out Our Latest Stock Analysis on GOOGL
Alphabet Price Performance
Alphabet stock opened at $351.66 on Monday. Alphabet has a 12-month low of $235.84 and a 12-month high of $408.61. The stock has a market cap of $4.30 trillion, a P/E ratio of 17.66, a PEG ratio of 1.02 and a beta of 1.21. The company has a 50-day moving average price of $345.90 and a 200 day moving average price of $349.52. 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 - Get Free Report) last issued its earnings results 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. The company had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Sell-side analysts anticipate that Alphabet will post 20.54 earnings per share for the current year.
Insider Transactions at Alphabet
In related news, Director Frances Arnold sold 83 shares of the business's stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the sale, the director owned 19,076 shares in the company, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 441,399 shares of company stock worth $8,677,053 over the last ninety days. Company insiders own 11.61% of the company's stock.
Hedge Funds Weigh In On Alphabet
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp increased its holdings in Alphabet by 5.6% during the 2nd quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock worth $85,403,303,000 after purchasing an additional 12,718,127 shares during the period. Invesco Ltd. raised its position in Alphabet by 0.5% in the 4th quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider's stock valued at $14,208,470,000 after purchasing an additional 208,362 shares in the last quarter. Amundi raised its position in Alphabet by 4.6% in the 2nd quarter. Amundi now owns 33,203,350 shares of the information services provider's stock valued at $11,865,809,000 after purchasing an additional 1,457,371 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Alphabet by 10.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider's stock valued at $6,334,186,000 after buying an additional 1,631,721 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in shares of Alphabet by 11.9% in the 4th quarter. Hsbc Holdings PLC now owns 16,466,253 shares of the information services provider's stock valued at $5,154,034,000 after buying an additional 1,749,161 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.
More Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Cantor Fitzgerald maintained its bullish “overweight” recommendation and $420 target, reinforcing the view that Alphabet’s valuation and growth prospects remain attractive. Cantor Fitzgerald Reaffirms Overweight Rating for Alphabet
- Positive Sentiment: Google Cloud’s second-quarter revenue reached a record $24.8 billion, while operating income more than tripled year over year. A reported $514 billion backlog—about half expected to convert to revenue within 24 months—supports expectations for sustained cloud growth and improved returns on AI investment. Alphabet’s Google Cloud Is Surging at 82%
- Positive Sentiment: Alphabet’s planned investment in Nordic data centers highlights its effort to secure lower-cost, reliable power for AI infrastructure. The expansion could improve capacity and support long-term competitiveness in the AI race. Google’s $13 Billion Nordic Bet
- Positive Sentiment: Waymo’s autonomous-ride volume reportedly exceeded 500,000 rides per week and is targeting one million, providing Alphabet with a potentially valuable long-term growth asset. Alphabet Is the Robotaxi Stock to Buy
About Alphabet
(
Get Free Report)
Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.
Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.
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