Alphabet (NASDAQ:GOOG) Given New $475.00 Price Target at Pivotal Research

Alphabet (NASDAQ:GOOG) had its price objective hoisted by Pivotal Research from $470.00 to $475.00 in a research note issued to investors on Thursday, MarketBeat.com reports. The firm currently has a “buy” rating on the information services provider’s stock. Pivotal Research’s target price suggests a potential upside of 38.93% from the company’s current price.

GOOG has been the subject of a number of other research reports. The Goldman Sachs Group reiterated a “buy” rating and set a $450.00 price target on shares of Alphabet in a research report on Thursday, May 21st. Citigroup reissued a “market outperform” rating on shares of Alphabet in a report on Wednesday. Freedom Capital cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. KeyCorp set a $445.00 price objective on shares of Alphabet in a report on Friday, July 10th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $425.00 target price on shares of Alphabet in a research report on Thursday, April 30th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $388.56.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $341.91 on Thursday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average price is $363.69 and its two-hundred day moving average price is $337.49. Alphabet has a 52-week low of $188.70 and a 52-week high of $404.47. The stock has a market capitalization of $4.14 trillion, a P/E ratio of 26.08, a P/E/G ratio of 1.43 and a beta of 1.23.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.88 by $6.23. The company had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.06 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business’s revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.31 earnings per share. As a group, sell-side analysts forecast that Alphabet will post 14.34 earnings per share for the current year.

Insider Buying and Selling at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total value of $39,343.36. Following the completion of the transaction, the director directly owned 18,833 shares in the company, valued at $6,615,656.24. This represents a 0.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 159,415 shares of company stock valued at $7,672,279. Corporate insiders own 12.99% of the company’s stock.

Hedge Funds Weigh In On Alphabet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of 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 purchasing an additional 6,410 shares during the period. Worldquant Millennium Advisors LLC lifted its position in Alphabet by 76.2% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider’s stock worth $330,886,000 after buying an additional 806,681 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in Alphabet in the 2nd quarter worth approximately $658,000. Financial Advisors Network Inc. boosted its stake 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 valued at $1,409,000 after buying an additional 565 shares during the period. Finally, Ausdal Financial Partners Inc. boosted its stake in shares of Alphabet by 10.7% during 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 period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet reported a strong Q2, with revenue rising 24.2% to $119.8 billion and EPS of $9.11, both above expectations; Google Cloud revenue also surged 82%, showing that AI demand is translating into real business growth. Google quarterly cloud revenue growth beats expectations
• Positive Sentiment: New Gemini model updates and reports that Google is improving AI efficiency may help ease some worries about the cost of competing in AI. Google releases three new Gemini models — but no 3.5 Pro
• Neutral Sentiment: Several institutional updates and analyst notes showed continued support for Alphabet, including fresh buying by some funds and multiple Buy/Outperform ratings, but these are less likely to move the stock immediately. Fund Update: Apollon Wealth Management, LLC Just Disclosed New Holdings
• Neutral Sentiment: Reports said some hedge funds and members of Congress added or sold Alphabet shares, but these filings are more of a sentiment read than a direct catalyst. Congress Trade: Senator Jerry Moran Just Disclosed New Stock Trades
• Negative Sentiment: The biggest drag is a new EU fine of about €890 million ($1 billion) over search and app-store competition practices, adding regulatory risk and another headline overhang for the stock. Google hit with $1 billion EU fine, first under landmark rules
• Negative Sentiment: Investors also reacted poorly to Alphabet’s higher 2026 capital spending outlook and negative free cash flow, suggesting the AI buildout could take longer to pay off than hoped. Alphabet stock drops as higher capex, negative FCF overshadow Google Cloud surge

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.