Alphabet (NASDAQ:GOOGL) Receives Neutral Rating from Rosenblatt Securities

Alphabet (NASDAQ:GOOGL)‘s stock had its “neutral” rating reaffirmed by equities researchers at Rosenblatt Securities in a report issued on Thursday,Benzinga reports. They currently have a $393.00 price objective on the information services provider’s stock. Rosenblatt Securities’ target price would indicate a potential upside of 1.05% from the company’s current price.

Several other brokerages have also issued reports on GOOGL. Tigress Financial set a $415.00 target price on shares of Alphabet and gave the company a “strong-buy” rating in a research note on Thursday, February 19th. Daiwa Securities Group raised their target price on shares of Alphabet from $380.00 to $445.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Wedbush increased their price target on shares of Alphabet from $360.00 to $370.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Needham & Company LLC reiterated a “buy” rating and issued a $450.00 price target on shares of Alphabet in a research report on Wednesday. Finally, Cantor Fitzgerald increased their price target on shares of Alphabet from $395.00 to $465.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $412.65.

Alphabet Stock Up 0.3%

Shares of NASDAQ GOOGL opened at $388.91 on Thursday. The firm has a market capitalization of $4.71 trillion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 1.66 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. Alphabet has a 1 year low of $162.00 and a 1 year high of $408.61. The firm’s 50-day moving average is $334.65 and its 200-day moving average is $320.07.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Equities analysts expect that Alphabet will post 14.29 EPS for the current year.

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the sale, the director directly owned 2,531 shares in the company, valued at approximately $995,341.06. This trade represents a 29.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 617 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total transaction of $178,701.71. Following the sale, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 226,481 shares of company stock worth $27,422,061. Corporate insiders own 11.61% of the company’s stock.

Institutional Trading of Alphabet

Hedge funds have recently bought and sold shares of the stock. CIBC Bancorp USA Inc. bought a new position in shares of Alphabet in the 3rd quarter worth $416,217,000. Sovran Advisors LLC lifted its holdings in shares of Alphabet by 23.6% in the 3rd quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider’s stock worth $5,401,000 after purchasing an additional 4,241 shares in the last quarter. World Investment Advisors boosted its stake in Alphabet by 9.2% during the 4th 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 last quarter. Wright Investors Service Inc. boosted its stake in Alphabet by 21.2% during the 3rd quarter. Wright Investors Service Inc. now owns 50,064 shares of the information services provider’s stock valued at $12,171,000 after purchasing an additional 8,746 shares during the last quarter. Finally, Belpointe Asset Management LLC boosted its stake in Alphabet by 5.4% during the 3rd quarter. Belpointe Asset Management LLC now owns 72,608 shares of the information services provider’s stock valued at $17,652,000 after purchasing an additional 3,740 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet and Blackstone announced a $5 billion AI infrastructure joint venture to build TPU-powered cloud capacity, expanding Google’s AI ecosystem and potentially creating a new revenue stream from compute-as-a-service. Google, Blackstone to create new AI cloud company, WSJ reports
• Positive Sentiment: Google I/O showcased an aggressive AI push across Search, Gemini, Workspace, shopping, agents, and video tools, which investors see as evidence Alphabet is turning AI innovation into monetization. Google debuts new AI models, personal AI agents in effort to keep pace with OpenAI and Anthropic
• Positive Sentiment: Wall Street sentiment remains constructive, with multiple firms reiterating buy ratings and raising price targets after the I/O event, signaling confidence in Alphabet’s AI roadmap and earnings power. Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, And TSLA
• Positive Sentiment: Alphabet said Gemini now has 900 million monthly users and AI Overviews has 2.5 billion monthly users, showing its AI products already have massive scale and adoption. Google kicks off I/O conference with AI upgrades for coders, consumers
• Neutral Sentiment: Alphabet disclosed insider selling, including a director sale, but the transactions look routine and do not clearly signal a change in fundamentals. SEC filing
• Negative Sentiment: Some investors remain wary that Google’s AI-heavy search redesign could disrupt its core ad model by shifting users away from the familiar “ten blue links” format. Google Search as you know it is over
• Negative Sentiment: Alphabet is also facing fresh regulatory and public-safety scrutiny, including complaints over scam handling and criticism of YouTube’s child-safety protections, which could add headline risk. EU consumer complaints about handling of financial scams

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.