Alphabet (NASDAQ:GOOG) Given New $475.00 Price Target at TD Cowen

Alphabet (NASDAQ:GOOG) had its price target raised by stock analysts at TD Cowen from $450.00 to $475.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the information services provider’s stock. TD Cowen’s price target suggests a potential upside of 30.48% from the company’s current price.

A number of other analysts have also weighed in on the company. Wells Fargo & Company restated an “overweight” rating and issued a $435.00 target price on shares of Alphabet in a research note on Tuesday, June 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. DZ Bank raised shares of Alphabet to a “strong-buy” rating in a report on Monday, February 16th. Citigroup restated a “market outperform” rating on shares of Alphabet in a research report on Monday, June 1st. Finally, Pivotal Research reiterated a “buy” rating and set a $470.00 target price (up from $420.00) on shares of Alphabet in a research report on Wednesday, April 29th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $376.78.

Alphabet Price Performance

NASDAQ GOOG traded up $2.86 during trading hours on Tuesday, reaching $364.03. 2,387,930 shares of the company’s stock were exchanged, compared to its average volume of 21,071,096. The stock has a market cap of $4.41 trillion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 1.57 and a beta of 1.23. Alphabet has a one year low of $163.33 and a one year high of $404.47. The firm has a fifty day moving average of $351.67 and a 200-day moving average of $327.90. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $2.43. The firm had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.81 EPS. On average, equities research analysts predict that Alphabet will post 14.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider John Kent Walker sold 8,993 shares of the stock in a transaction on Friday, March 27th. The stock was sold at an average price of $275.89, for a total value of $2,481,078.77. Following the transaction, the insider owned 51,808 shares of the company’s stock, valued at $14,293,309.12. This represents a 14.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 617 shares of Alphabet stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total value of $178,701.71. Following the sale, the chief accounting officer directly owned 10,093 shares of the company’s stock, valued at approximately $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 193,016 shares of company stock valued at $17,282,549 over the last three months. 12.99% of the stock is owned by insiders.

Hedge Funds Weigh In On Alphabet

Institutional investors have recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after acquiring an additional 6,410 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its position in Alphabet by 76.2% during the second quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider’s stock valued at $330,886,000 after purchasing an additional 806,681 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Alphabet in the second quarter valued at approximately $658,000. Financial Advisors Network Inc. increased its position in shares of Alphabet by 7.7% during the 2nd quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider’s stock worth $1,409,000 after purchasing an additional 565 shares during the last quarter. Finally, Ausdal Financial Partners Inc. boosted its holdings in shares of Alphabet by 10.7% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider’s stock valued at $6,618,000 after buying an additional 3,616 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is being praised by top investors as a “four-headed monster,” with multiple growth engines supporting the long-term bull case, including search, cloud, YouTube, and AI. ‘A Four-Headed Monster,’ Says Top Investor About Alphabet Stock
• Positive Sentiment: Bank of America reiterated a Buy rating, arguing that Alphabet’s AI capex is tied to strong demand and future monetization opportunities, which supports confidence in the company’s spending strategy. Alphabet (GOOGL) Gets Buy Rating as BofA Points to AI Capex Demand
• Positive Sentiment: Investor chatter highlights a potential $1 billion annual recurring revenue Gemini deal, reinforcing the view that Alphabet’s AI products can become meaningful revenue drivers. Alphabet Stock (GOOG) Opinions on Gemini AI Deal and Stock Performance
• Positive Sentiment: Alphabet’s Waymo unit continues to gain traction in autonomous driving, with new expansion and asset purchases signaling ongoing optionality outside core search advertising. Waymo bought Apple’s self-driving car proving ground for $220M
• Neutral Sentiment: New commentary around Apple partnering with Google for advanced AI models adds validation to Google’s AI technology, but it is more of a broader ecosystem positive than an immediate stock catalyst. Apple partnering with Google and Nvidia for most advanced AI model
• Negative Sentiment: Shares fell after reports that Alphabet plans to raise new capital and ramp AI infrastructure spending, reviving worries that higher capex could pressure near-term margins and cash flow. What’s Going On With Alphabet Stock?
• Negative Sentiment: Some market commentary is framing Alphabet’s large stock sale and AI spending wave as a potential liquidity and market-top signal, adding to investor caution. Alphabet’s $80 Billion Stock Sale Is A Possible Market Top Signal, Mike Novogratz Says

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.