Alphabet (NASDAQ:GOOG) Price Target Raised to $475.00 at Pivotal Research

Alphabet (NASDAQ:GOOG) had its target price lifted by Pivotal Research from $470.00 to $475.00 in a report issued on Thursday morning, MarketBeat reports. The brokerage currently has a buy rating on the information services provider’s stock.

Several other equities analysts have also recently weighed in on the stock. TD Cowen raised their price target on shares of Alphabet from $450.00 to $475.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Phillip Securities downgraded Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research note on Wednesday, April 15th. Oppenheimer restated an “outperform” rating and issued a $400.00 target price (down from $445.00) on shares of Alphabet in a report on Thursday. Wolfe Research set a $460.00 target price on Alphabet in a research report on Thursday. Finally, Truist Financial set a $430.00 price target on Alphabet in a report on Monday, June 1st. Five analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and a consensus target price of $410.09.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $318.34 on Thursday. The firm has a 50 day moving average of $362.11 and a 200-day moving average of $337.51. Alphabet has a 12 month low of $188.70 and a 12 month high of $404.47. 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 capitalization of $3.86 trillion, a PE ratio of 15.99, a PEG ratio of 1.40 and a beta of 1.23.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $6.24. The company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a return on equity of 57.20% and a net margin of 54.77%.The firm’s revenue was up 24.2% compared to the same quarter last year. During the same period last year, the company earned $2.31 earnings per share. On average, equities research analysts predict that Alphabet will post 14.34 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s dividend payout ratio is presently 6.71%.

Insider Buying and Selling

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frances Arnold sold 112 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total transaction of $39,343.36. Following the completion of the sale, the director directly owned 18,833 shares in the company, valued at approximately $6,615,656.24. This represents a 0.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 159,415 shares of company stock worth $7,672,279 in the last three months. 12.99% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alphabet

Hedge funds have recently made changes to their positions in the stock. Kathmere Capital Management LLC boosted its holdings in Alphabet by 8.5% in the fourth quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider’s stock valued at $9,381,000 after acquiring an additional 2,341 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management raised its holdings in Alphabet by 1.0% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider’s stock worth $86,596,000 after purchasing an additional 2,850 shares in the last quarter. Newbridge Financial Services Group Inc. raised its holdings in Alphabet by 7.5% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 60,739 shares of the information services provider’s stock worth $19,060,000 after purchasing an additional 4,239 shares in the last quarter. World Investment Advisors lifted its position in shares of Alphabet by 8.7% in the 4th quarter. World Investment Advisors now owns 190,654 shares of the information services provider’s stock worth $59,827,000 after purchasing an additional 15,280 shares during the period. Finally, Violich Capital Management Inc. lifted its position in shares of Alphabet by 1.0% in the 4th quarter. Violich Capital Management Inc. now owns 340,776 shares of the information services provider’s stock worth $106,936,000 after purchasing an additional 3,378 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet posted blockbuster Q2 results, with revenue up 24% to $119.8 billion and EPS of $9.11, while Google Cloud revenue jumped 82% year over year and YouTube ad revenue also remained strong.
• Positive Sentiment: Management and analysts said AI demand is still outpacing capacity, suggesting Alphabet’s spending is supporting long-term growth rather than just driving costs.
• Positive Sentiment: Several Wall Street firms kept bullish ratings or raised targets, saying the pullback may be creating an attractive entry point despite near-term volatility.
• Positive Sentiment: Alphabet disclosed a large stake in SpaceX, which some investors view as an additional valuable asset on the balance sheet.
• Neutral Sentiment: Alphabet announced a quarterly dividend of $0.22 per share, a modest capital-return move that is unlikely to be a major near-term driver given the stock’s much larger AI investment story.
• Neutral Sentiment: Several funds and institutions disclosed portfolio changes in GOOG, with some adding shares and others trimming, reflecting mixed but ongoing institutional interest.
• Neutral Sentiment: Google also rolled out small product updates such as selfie-video sign-in and easier iPhone-to-Android switching, which are positive for engagement but not material stock catalysts.
• Negative Sentiment: Investors are worried about Alphabet’s sharply higher capital spending guidance for 2026 and a first-ever quarterly negative free cash flow reading, raising concerns that AI investments may take longer to pay off.
• Negative Sentiment: Alphabet ended its long-running quarterly buyback pattern, which removes a steady source of support for the shares.
• Negative Sentiment: The company also faces fresh regulatory and legal pressure, including an about $1 billion EU antitrust fine and multiple securities-fraud investigations.
• Negative Sentiment: Reports of declining Google search traffic from AI overviews and concerns about publisher partnerships add another overhang to the core search business.

Alphabet Company Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.