Alphabet (NASDAQ:GOOGL) Stock Price Up 1.8% – Here’s Why

Shares of Alphabet Inc. (NASDAQ:GOOGL) rose 1.8% during trading on Tuesday . The company traded as high as $305.63 and last traded at $305.46. Approximately 20,767,010 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 33,825,570 shares. The stock had previously closed at $299.99.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Broadcom signed a multi?year deal to develop and supply Google’s next?generation custom AI chips through 2031, de?risking Google’s compute supply chain and supporting its cloud/AI capacity plans. Broadcom signs long-term deal to develop Google’s custom AI chips
• Positive Sentiment: Coverage highlights that the Broadcom deal underscores Google’s growing, undervalued compute power — a potential upside for Google Cloud margins and AI service monetization. Alphabet Broadcom AI Chip Deal Underscores Undervalued Google Compute Power
• Positive Sentiment: Anthropic expanded its compute agreement with Google and Broadcom as demand for Claude models soars — driving third?party revenue and utilization for Google’s AI racks. Anthropic ups compute deal with Google and Broadcom amid skyrocketing demand
• Positive Sentiment: Waymo opened public driverless rides in Nashville (Lyft integration planned), a tangible commercialization milestone for Alphabet’s autonomous?driving unit and a potential future revenue stream. Waymo Opens Driverless Rides to the Public in Nashville
• Neutral Sentiment: Market notes and analyst updates point to sustained investor interest in Alphabet as AI remains a secular tailwind (Goldman/other firm commentary), supporting sentiment but not changing fundamentals immediately. High Growth, Lower Valuations: Why Goldman Sachs Now Sees ‘Opportunity’ in Tech Stocks
• Negative Sentiment: Investors are pressing Google on water and power use at U.S. data centers, raising environmental/regulatory scrutiny that could affect future buildouts and costs. Investors press Amazon, Microsoft and Google on water, power use in US data centers
• Negative Sentiment: Insider sale: Alphabet’s CAO sold ~$179k of stock — a small negative signal for some traders but not large enough to materially affect company fundamentals. Insider Selling: Alphabet (NASDAQ:GOOGL) CAO Sells $178,701.71 in Stock

Analyst Ratings Changes

GOOGL has been the subject of a number of research reports. Roth Mkm lifted their price objective on Alphabet from $365.00 to $395.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Wolfe Research boosted their target price on Alphabet from $380.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. DZ Bank restated a “buy” rating on shares of Alphabet in a research report on Monday, February 16th. KeyCorp set a $370.00 target price on Alphabet and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Finally, Daiwa Securities Group boosted their target price on Alphabet from $333.00 to $380.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Three research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $367.33.

Alphabet Price Performance

The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The firm has a market cap of $3.70 trillion, a P/E ratio of 28.26, a PEG ratio of 1.81 and a beta of 1.12. The company has a fifty day moving average price of $308.62 and a two-hundred day moving average price of $297.26.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.25. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The business had revenue of $113.83 billion for the quarter, compared to analysts’ expectations of $111.24 billion. Equities analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, March 9th. Alphabet’s payout ratio is 7.77%.

Insiders Place Their Bets

In other news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of Alphabet stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $19.00, for a total transaction of $35,060,852.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the transaction, the insider owned 13,227 shares in the company, valued at $3,987,279.15. This trade represents a 78.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 2,101,844 shares of company stock worth $115,147,751. Company insiders own 11.64% of the company’s stock.

Institutional Investors Weigh In On Alphabet

Several institutional investors have recently bought and sold shares of GOOGL. Lifetime Wealth Management P.C. bought a new stake in Alphabet in the 4th quarter valued at approximately $32,000. EMC Capital Management bought a new stake in Alphabet in the 4th quarter valued at approximately $33,000. PMV Capital Advisers LLC bought a new stake in Alphabet in the 4th quarter valued at approximately $38,000. IFC & Insurance Marketing Inc. bought a new stake in Alphabet in the 4th quarter valued at approximately $38,000. Finally, Bard Associates Inc. bought a new stake in Alphabet in the 4th quarter valued at approximately $52,000. Institutional investors own 40.03% of the company’s stock.

About Alphabet

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.