Alphabet (NASDAQ:GOOGL) Raised to “Strong-Buy” at Rosenblatt Securities

Alphabet (NASDAQ:GOOGL) was upgraded by investment analysts at Rosenblatt Securities to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Several other analysts have also recently commented on the company. Phillip Securities upgraded Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 27th. Mizuho increased their price target on Alphabet from $420.00 to $460.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Loop Capital raised their price target on Alphabet from $355.00 to $490.00 and gave the company a “buy” rating in a report on Friday, May 15th. KeyCorp lifted their price objective on shares of Alphabet from $425.00 to $445.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Finally, Citigroup restated an “outperform” rating on shares of Alphabet in a research note on Monday, May 4th. Six equities research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Alphabet presently has an average rating of “Buy” and a consensus price target of $420.19.

Alphabet Trading Down 1.2%

Alphabet stock opened at $340.67 on Wednesday. Alphabet has a 52-week low of $199.43 and a 52-week high of $408.61. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $4.17 trillion, a price-to-earnings ratio of 17.11, a PEG ratio of 0.97 and a beta of 1.24. The firm has a 50-day moving average price of $352.30 and a two-hundred day moving average price of $341.34.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.89 by $6.22. The company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Sell-side analysts expect that Alphabet will post 20.51 earnings per share for the current year.

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 8,998 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the sale, the insider owned 75,290 shares in the company, valued at $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Frances Arnold sold 82 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $333.39, for a total value of $27,337.98. Following the transaction, the director directly owned 18,914 shares of the company’s stock, valued at $6,305,738.46. This represents a 0.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 451,945 shares of company stock worth $12,382,714 over the last 90 days. 11.61% of the stock is currently owned by corporate insiders.

Institutional Trading of Alphabet

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Alphabet during the fourth quarter worth $30,534,239,000. Cardano Risk Management B.V. boosted its position in shares of Alphabet by 855.3% in the 4th quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider’s stock valued at $4,546,413,000 after purchasing an additional 13,004,828 shares during the period. Vanguard Group Inc. boosted its position in shares of Alphabet by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock valued at $165,567,398,000 after purchasing an additional 12,531,695 shares during the period. Capital World Investors increased its stake in Alphabet by 28.0% in the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock worth $12,910,542,000 after purchasing an additional 11,605,785 shares in the last quarter. Finally, Diamant Asset Management Inc. increased its stake in Alphabet by 28,950.0% in the 1st quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider’s stock worth $2,671,986,000 after purchasing an additional 9,259,940 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed its “buy” rating and set a $410 price target, implying substantial upside from the reference price. The bullish view reflects confidence in Alphabet’s AI growth and earnings outlook. Benzinga article
• Positive Sentiment: Alphabet’s expanded custom-chip partnership with Marvell Technology strengthens its AI supply chain and reduces reliance on Broadcom. Marvell granted Google a warrant for up to 58.97 million shares, with most of the warrant vesting as Marvell generates as much as $120 billion in cumulative purchases from Google through 2033. The structure signals potentially significant long-term AI infrastructure spending, although the maximum commitment is not guaranteed. Google’s Marvell Warrant Doesn’t Fully Vest Until Google Buys $120 Billion of Chips
• Positive Sentiment: Waymo opened its lower-cost next-generation robotaxi to all riders in Los Angeles, Phoenix and San Francisco, supporting Alphabet’s effort to scale a potentially valuable autonomous-vehicle business. Waymo’s cheaper, next-gen robotaxi is now open to all riders in these three cities
• Positive Sentiment: Berkshire Hathaway’s continued ownership and increased exposure to Alphabet provide a high-profile vote of confidence in the company’s AI positioning and long-term prospects. Berkshire Hathaway Just Bought More of This Brilliant Artificial Intelligence 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.