Alphabet (NASDAQ:GOOGL) Price Target Raised to $400.00

Alphabet (NASDAQ:GOOGL) had its price objective upped by Piper Sandler from $395.00 to $400.00 in a report issued on Monday, Marketbeat.com reports. They currently have an overweight rating on the information services provider’s stock.

A number of other equities analysts have also recently commented on GOOGL. Wall Street Zen cut Alphabet from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. DA Davidson set a $350.00 price objective on Alphabet and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Rosenblatt Securities reissued a “buy” rating and set a $410.00 price objective on shares of Alphabet in a research note on Thursday, September 3rd. Barclays restated an “overweight” rating and issued a $425.00 target price (up from $405.00) on shares of Alphabet in a report on Thursday, July 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $450.00 target price on shares of Alphabet in a research note on Wednesday, June 3rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $425.60.

Alphabet Stock Up 0.9%

Shares of NASDAQ:GOOGL opened at $344.08 on Monday. The stock’s 50-day moving average price is $343.85 and its 200-day moving average price is $347.48. Alphabet has a 12-month low of $235.84 and a 12-month high of $408.61. The stock has a market capitalization of $4.21 trillion, a P/E ratio of 17.28, a price-to-earnings-growth ratio of 0.99 and a beta of 1.22. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. On average, equities analysts anticipate that Alphabet will post 20.55 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is presently 4.42%.

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 82 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $337.71, for a total value of $27,692.22. Following the completion of the sale, the director directly owned 18,995 shares of the company’s stock, valued at approximately $6,414,801.45. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 441,316 shares of company stock worth $8,648,795 over the last quarter. Corporate insiders own 11.61% of the company’s stock.

Hedge Funds Weigh In On Alphabet

Several hedge funds and other institutional investors have recently modified their holdings of GOOGL. QRG Capital Management Inc. raised its stake in Alphabet by 8.8% in the second quarter. QRG Capital Management Inc. now owns 1,110,108 shares of the information services provider’s stock worth $396,719,000 after buying an additional 89,799 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Alphabet by 9.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 220,700 shares of the information services provider’s stock valued at $78,855,000 after acquiring an additional 19,798 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Alphabet by 2.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,477,002 shares of the information services provider’s stock valued at $2,672,041,000 after acquiring an additional 159,769 shares in the last quarter. State Street Corp grew its holdings in shares of Alphabet by 5.6% during the 2nd quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock worth $85,403,303,000 after acquiring an additional 12,718,127 shares during the period. Finally, Premier Financial Group purchased a new position in shares of Alphabet during the 2nd quarter worth approximately $45,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google launched Gemini 4 Argon, its most advanced AI model, with improvements in coding, cybersecurity and complex professional tasks. The initial focus on cybersecurity organizations is intended to address safety concerns while positioning Alphabet to compete more directly with OpenAI and Anthropic. Google announces Gemini 4 flagship AI model after months of delays
• Positive Sentiment: Reports that demand for Alphabet’s Tensor Processing Units is exceeding available supply at Taiwan Semiconductor Manufacturing Company suggest strong demand for Google’s AI infrastructure. TSMC’s reported capacity constraints could support the view that Alphabet’s AI investment is translating into substantial customer and internal demand. Why Alphabet Stock Popped on Wednesday
• Positive Sentiment: Investors continue to point to momentum across Google Services, including Search, YouTube and subscriptions, with AI improving user engagement and advertising performance. Analysts also see Alphabet’s cloud and AI businesses as additional growth engines, supporting the stock’s valuation. Alphabet Rides on Google Services Growth
• Neutral Sentiment: Alphabet CEO Sundar Pichai was among the signatories to a White House AI safety accord. The agreement may improve Alphabet’s regulatory standing and reinforce its leadership credentials, although the direct financial impact is unclear. Why Is Alphabet Signing a White House AI Safety Accord?
• Negative Sentiment: Google asked an EU court to suspend orders requiring it to open parts of its search data and services to AI and search rivals. While a successful appeal could limit compliance costs and protect competitive advantages, the dispute highlights continuing regulatory risk, potential data-sharing obligations and possible future penalties. Google asks EU court to suspend order to open up to AI chatbots and search rivals

Alphabet Company Profile

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.