Alphabet Inc. (NASDAQ:GOOG) Receives $376.78 Consensus Target Price from Brokerages

Shares of Alphabet Inc. (NASDAQ:GOOG) have received a consensus recommendation of “Buy” from the thirty-eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $376.7813.

Several equities analysts have recently weighed in on the stock. Pivotal Research reiterated a “buy” rating and set a $470.00 price objective (up from $420.00) on shares of Alphabet in a report on Wednesday, April 29th. Stifel Nicolaus set a $420.00 price objective on shares of Alphabet in a report on Wednesday, May 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a report on Monday, April 20th. JPMorgan Chase & Co. upped their price objective on shares of Alphabet from $395.00 to $460.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $450.00 price objective on shares of Alphabet in a report on Thursday, May 21st.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet will replace Verizon in the Dow, a move that can trigger index-related buying and highlights the company’s importance in large-cap tech. WSJ article
• Positive Sentiment: Analysts continue to point to Alphabet’s strong AI and cloud position, including rapid Google Cloud growth and rising enterprise demand for AI infrastructure. Zacks article
• Neutral Sentiment: YouTube settled a youth mental health lawsuit ahead of a broader social media trial, removing one legal overhang but not changing the core investment story. Reuters article
• Negative Sentiment: Several reports say key Gemini researchers are leaving Google for rivals like Anthropic, reinforcing investor concerns about AI talent retention. TechCrunch article
• Negative Sentiment: Google reportedly delayed the Gemini 3.5 Pro release to July, which may raise questions about execution in the AI race. TipRanks article
• Negative Sentiment: Some commentary also points to broader pressure on Alphabet from an AI selloff and worries that Google’s core search dominance could face more competition in the AI era. CNBC article

Insider Activity

In other news, CAO Amie Thuener O’toole sold 617 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the transaction, the chief accounting officer owned 10,093 shares in the company, valued at approximately $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the transaction, the director owned 2,531 shares in the company, valued at $995,341.06. This represents a 29.32% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 160,516 shares of company stock valued at $7,344,605. Corporate insiders own 12.99% of the company’s stock.

Institutional Investors Weigh In On Alphabet

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Providence Wealth Advisors LLC raised its holdings in shares of Alphabet by 0.3% in the 1st quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider’s stock worth $3,094,000 after acquiring an additional 29 shares during the last quarter. One Charles Private Wealth Services LLC raised its holdings in shares of Alphabet by 0.6% in the 1st quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider’s stock worth $1,390,000 after acquiring an additional 29 shares during the last quarter. Ring Mountain Capital LLC raised its holdings in shares of Alphabet by 0.9% in the 4th quarter. Ring Mountain Capital LLC now owns 3,554 shares of the information services provider’s stock worth $1,174,000 after acquiring an additional 30 shares during the last quarter. Cannon Financial Strategists Inc. raised its holdings in shares of Alphabet by 1.9% in the 4th quarter. Cannon Financial Strategists Inc. now owns 1,589 shares of the information services provider’s stock worth $499,000 after acquiring an additional 30 shares during the last quarter. Finally, Financial Enhancement Group LLC raised its holdings in shares of Alphabet by 2.3% in the 1st quarter. Financial Enhancement Group LLC now owns 1,323 shares of the information services provider’s stock worth $380,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG opened at $344.91 on Friday. 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 $4.18 trillion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 1.48 and a beta of 1.22. The firm’s fifty day simple moving average is $366.09 and its two-hundred day simple moving average is $331.78. Alphabet has a 12 month low of $168.56 and a 12 month high of $404.47.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $2.43. The business had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.81 earnings per share. As a group, analysts predict that Alphabet will post 14.3 EPS for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were issued a dividend of $0.22 per share. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, June 8th. Alphabet’s dividend payout ratio (DPR) is currently 6.71%.

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.