Alphabet (NASDAQ:GOOGL) Stock Price Up 1.5% – What’s Next?

Alphabet Inc. (NASDAQ:GOOGL)’s stock price was up 1.5% on Monday . The company traded as high as $359.68 and last traded at $351.99. 24,583,140 shares traded hands during trading, a decline of 24% from the average daily volume of 32,265,197 shares. The stock had previously closed at $346.77.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is developing a new server chip, reportedly codenamed “Frozen v2,” to run Gemini models more efficiently, which could improve AI performance and reduce costs. Reuters: Google plans new chip to run Gemini models more efficiently
• Positive Sentiment: Wall Street remains broadly bullish ahead of earnings, with analysts pointing to strong Search, Cloud growth, and AI-driven demand as potential upside drivers for the quarter. Zacks: Stay Ahead of the Game With Alphabet Q2 Earnings
• Positive Sentiment: Alphabet is being highlighted as a likely earnings-surprise candidate, with multiple previews citing strong fundamentals and growth attributes. Zacks: 4 Top-Ranked Tech Stocks Set to Beat Expectations This Earnings Season
• Neutral Sentiment: Investors are focused on Wednesday’s results and guidance, with expectations for a sizable post-earnings move depending on Search, Cloud, ad trends, and AI capex commentary. Investopedia: Here’s How Much Google Parent Alphabet’s Stock Is Seen Moving After Earnings Wednesday
• Negative Sentiment: There is also some caution around Alphabet’s AI execution, including concerns that Gemini 3.5 Pro has been delayed and that AI changes to Search could pressure the open web ecosystem. New York Times: How Google’s A.I. Search Is Imperiling the Open Web

Analyst Ratings Changes

GOOGL has been the subject of a number of research reports. Daiwa Securities Group lifted their target price on Alphabet from $380.00 to $445.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research report on Friday. Susquehanna reissued a “positive” rating and issued a $460.00 price target (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. New Street Research raised their price target on Alphabet from $450.00 to $455.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $390.00 price objective (up from $345.00) on shares of Alphabet in a research report on Thursday, April 30th. Three 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $414.11.

Alphabet Trading Up 1.5%

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 stock has a market cap of $4.26 trillion, a P/E ratio of 26.85, a PEG ratio of 1.44 and a beta of 1.24. The firm’s 50-day simple moving average is $368.89 and its 200 day simple moving average is $338.14.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. The company had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. As a group, equities research analysts anticipate that Alphabet Inc. will post 14.33 earnings per share for the current year.

Alphabet Increases Dividend

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

Insider Activity

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the transaction, the chief accounting officer owned 27,348 shares in the company, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction 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 transaction, the director owned 1,481 shares of the company’s stock, valued at $545,941.03. This trade represents a 41.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 159,415 shares of company stock worth $7,672,279 over the last ninety days. 11.61% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Alphabet

A number of institutional investors and hedge funds have recently bought and sold shares of GOOGL. EMC Capital Management acquired a new stake in Alphabet in the fourth quarter worth approximately $33,000. Lifetime Wealth Management P.C. acquired a new position in shares of Alphabet during the 4th quarter valued at $32,000. PMV Capital Advisers LLC bought a new stake in shares of Alphabet in the 4th quarter worth $38,000. IFC & Insurance Marketing Inc. bought a new stake in shares of Alphabet in the 4th quarter worth $38,000. Finally, Bard Associates Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at $52,000. Institutional investors own 40.03% of the company’s stock.

Alphabet Company Profile

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.