JPMorgan Chase & Co. Reiterates “Buy” Rating for Alphabet (NASDAQ:GOOGL)

Alphabet (NASDAQ:GOOGL)‘s stock had its “buy” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Monday,MarketScreener reports.

GOOGL has been the topic of several other reports. New Street Research boosted their target price on shares of Alphabet from $330.00 to $380.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Barclays reiterated an “overweight” rating and set a $360.00 target price (up from $315.00) on shares of Alphabet in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Alphabet from $370.00 to $390.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Arete Research raised their price objective on shares of Alphabet from $380.00 to $405.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, Evercore restated an “outperform” rating and issued a $400.00 price objective (up from $325.00) on shares of Alphabet in a report on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $369.47.

Alphabet Stock Down 1.5%

Shares of NASDAQ GOOGL opened at $332.29 on Monday. Alphabet has a 12-month low of $147.84 and a 12-month high of $349.00. The stock has a market cap of $4.02 trillion, a PE ratio of 30.74, a P/E/G ratio of 2.08 and a beta of 1.12. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average of $307.36 and a 200 day moving average of $303.43.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The company had revenue of $113.83 billion during the quarter, compared to analysts’ expectations of $111.24 billion. As a group, sell-side analysts predict that Alphabet will post 11.53 EPS for the current fiscal year.

Insider Buying and Selling 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 dated Friday, January 30th. The shares were sold at an average price of $19.00, for a total transaction of $35,060,852.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Kent Walker sold 47,574 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the transaction, the insider owned 13,227 shares in the company, valued at approximately $3,987,279.15. This trade represents a 78.25% 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 2,037,294 shares of company stock valued at $94,216,897. Insiders own 11.55% of the company’s stock.

Institutional Trading of Alphabet

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lifetime Wealth Management P.C. acquired a new stake in shares of Alphabet in the fourth quarter valued at about $32,000. EMC Capital Management purchased a new stake in shares of Alphabet in the fourth quarter valued at about $33,000. PMV Capital Advisers LLC purchased a new stake in shares of Alphabet in the fourth quarter valued at about $38,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of Alphabet in the fourth quarter valued at about $38,000. Finally, Bard Associates Inc. purchased a new stake in shares of Alphabet in the fourth quarter valued at about $52,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Major analyst upward moves and reaffirmations bolster sentiment — UBS raised its target to $375 and other firms have lifted targets or reiterated buys, lending support to the stock’s mid-term outlook. UBS Raises Alphabet’s Target to $375
• Positive Sentiment: AI chip and TPU momentum: reports that Google is expanding its TPU/inference chip push and is in talks with Marvell to co-develop inference-focused chips strengthen Alphabet’s vertical integration in AI infrastructure, supporting Google Cloud’s competitiveness and long-term margin prospects. AI Infrastructure Story Is Getting Bigger for GOOGL
• Positive Sentiment: Commercial partnerships expand cloud reach — Vodafone will offer small-business cybersecurity and agentic AI via a strategic Google Cloud tie-up, which can broaden customer acquisition for Google Cloud in Europe. Vodafone offers small businesses cybersecurity, AI capability with Google tie-up
• Neutral Sentiment: Risk-on macro flows and crypto/tech rallies are boosting demand for big-cap tech general sentiment, which can help Alphabet, but these moves are market-driven and not company-specific. Bitcoin and Big Tech Rally as Risk Appetite Returns
• Neutral Sentiment: Longer-term security/crypto concerns: headlines about quantum threats to crypto (and Google’s published research) are sector-level technical risks but unlikely to change Alphabet’s near-term revenue profile. After Google, largest U.S. crypto exchange warns of quantum threat
• Negative Sentiment: Regulatory/legal cloud competition risk — a UK tribunal allowing a mass lawsuit that alleges Microsoft overcharged customers on rival clouds underscores that cloud pricing and licensing disputes can surface unexpectedly and increase scrutiny of hyperscaler economics (an adverse outcome could influence competitive dynamics). Microsoft must face $2.8 billion UK lawsuit over cloud computing licences
• Negative Sentiment: Advertising share pressure — forecasts that Meta may surpass Google in ad revenue this year highlight intensifying ad-market competition and could cap near-term ad-growth expectations for Alphabet. Meta Set To Surpass Google With $243 Billion In Ad Revenue

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.