Alphabet (NASDAQ:GOOG) Shares Up 1.5% – Time to Buy?

Shares of Alphabet Inc. (NASDAQ:GOOG) were up 1.5% during mid-day trading on Monday . The company traded as high as $359.49 and last traded at $351.37. Approximately 13,147,303 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 21,434,475 shares. The stock had previously closed at $346.12.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is reportedly developing a new AI server chip, “Frozen v2,” designed to run Gemini more efficiently and embed model architecture into hardware. Reuters: Google plans new chip to run Gemini models more efficiently
• Positive Sentiment: Alphabet is rising ahead of Q2 earnings on Wednesday, with investors expecting strong Search and Cloud results and potential upside from AI-driven demand. Zacks earnings preview
• Positive Sentiment: Wall Street analysts remain broadly bullish on Alphabet, with recent notes and price targets implying further upside from current levels. Finbold analyst update
• Positive Sentiment: Options traders are anticipating a sizable earnings move, signaling elevated interest and expectations around the upcoming report. TipRanks options article
• Neutral Sentiment: Alphabet’s Q2 earnings are scheduled for Wednesday, and traders are closely watching guidance for AI capital spending, cloud growth, and ad trends.
• Negative Sentiment: Some investors remain concerned that Google’s AI rollout and model timing could lag rivals, with commentary noting delayed Gemini 3.5 Pro rollout and competitive pressure in AI. Motley Fool: Gemini 3.5 Pro delay

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GOOG shares. Stifel Nicolaus set a $420.00 price objective on Alphabet in a research report on Wednesday, May 20th. The Goldman Sachs Group reiterated a “buy” rating and set a $450.00 target price on shares of Alphabet in a research report on Thursday, May 21st. Truist Financial set a $430.00 target price on Alphabet in a research note on Monday, June 1st. Zacks Research upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Wedbush started coverage on shares of Alphabet in a report on Thursday. They set an “outperform” rating and a $445.00 price objective for the company. Five analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $383.44.

Alphabet Price Performance

The firm’s fifty day simple moving average is $366.29 and its 200 day simple moving average is $336.81. The firm has a market cap of $4.26 trillion, a P/E ratio of 26.80, a P/E/G ratio of 1.43 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $2.43. The firm had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business’s revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.81 earnings per share. As a group, analysts forecast that Alphabet Inc. will post 14.33 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were 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 was Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is presently 6.71%.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the sale, the director directly owned 1,481 shares of the company’s stock, valued at $545,941.03. This represents a 41.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 159,415 shares of company stock worth $7,672,279. Company insiders own 12.99% of the company’s stock.

Hedge Funds Weigh In On Alphabet

Several institutional investors have recently bought and sold shares of the business. Imprint Wealth LLC bought a new stake in Alphabet during the third quarter worth approximately $31,000. Nvest Wealth Strategies Inc. bought a new stake in shares of Alphabet in the 4th quarter valued at approximately $38,000. Lifetime Wealth Management P.C. bought a new stake in shares of Alphabet in the 4th quarter valued at approximately $38,000. Bard Associates Inc. purchased a new position in shares of Alphabet in the 4th quarter worth approximately $41,000. Finally, Towne Trust Company N.A boosted its holdings in shares of Alphabet by 34.0% in the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after purchasing an additional 34 shares during the period. Institutional investors own 27.26% of the company’s stock.

About Alphabet

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.