Alphabet (NASDAQ:GOOG) Now Covered by Analysts at Wedbush

Investment analysts at Wedbush initiated coverage on shares of Alphabet (NASDAQ:GOOG) in a report released on Thursday. The firm set an “outperform” rating and a $445.00 price target on the information services provider’s stock. Wedbush’s price objective would suggest a potential upside of 20.20% from the stock’s previous close.

Several other brokerages have also commented on GOOG. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a report on Monday, April 20th. Pivotal Research reaffirmed a “buy” rating and set a $470.00 target price (up from $420.00) on shares of Alphabet in a research note on Wednesday, April 29th. Scotiabank reiterated an “outperform” rating and set a $450.00 price target (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. Wells Fargo & Company set a $416.00 price objective on shares of Alphabet in a report on Thursday, July 2nd. Finally, UBS Group set a $430.00 price objective on Alphabet in a research report on Thursday. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $383.44.

Alphabet Trading Up 0.0%

Shares of GOOG stock traded up $0.01 during trading hours on Thursday, reaching $370.22. The company’s stock had a trading volume of 1,851,063 shares, compared to its average volume of 21,324,504. The stock has a market capitalization of $4.49 trillion, a P/E ratio of 28.18, a P/E/G ratio of 1.53 and a beta of 1.23. Alphabet has a one year low of $181.50 and a one year high of $404.47. The firm’s fifty day simple moving average is $368.14 and its 200 day simple moving average is $336.31. 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 announced its 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 company 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 firm’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.81 earnings per share. Equities research analysts expect that Alphabet will post 14.32 EPS for the current year.

Insider Activity

In other news, Director Frances Arnold sold 112 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total value of $39,343.36. Following the sale, the director directly owned 18,833 shares of the company’s stock, valued at $6,615,656.24. The trade was a 0.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the sale, the director owned 1,481 shares in the company, valued at $545,941.03. The trade was a 41.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 159,415 shares of company stock valued at $7,672,279. 12.99% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alphabet

Several large investors have recently modified their holdings of the stock. Providence Wealth Advisors LLC lifted its position in shares of Alphabet by 0.3% during the first quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider’s stock valued at $3,094,000 after buying an additional 29 shares during the last quarter. One Charles Private Wealth Services LLC grew its position 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 buying an additional 29 shares during the last quarter. Wisconsin Wealth Advisors LLC raised its stake in shares of Alphabet by 1.3% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider’s stock worth $785,000 after acquiring an additional 29 shares in the last quarter. Ring Mountain Capital LLC raised its stake in shares of Alphabet by 0.9% during 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 in the last quarter. Finally, Cannon Financial Strategists Inc. lifted its position in Alphabet by 1.9% during the fourth quarter. Cannon Financial Strategists Inc. now owns 1,589 shares of the information services provider’s stock valued at $499,000 after acquiring an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Warren Buffett said he personally initiated Berkshire Hathaway’s Alphabet stake and called the stock “more likely to be a winner,” giving investors a high-profile vote of confidence ahead of earnings. Article Title
• Positive Sentiment: Multiple previews highlight Alphabet’s improving earnings outlook, strong Google Cloud momentum, and AI-driven advertising growth as reasons the company may beat expectations again. Article Title
• Positive Sentiment: Alphabet’s push to monetize AI and expand its hardware/silicon strategy is being viewed as a long-term competitive advantage that could support growth beyond search. Article Title
• Neutral Sentiment: Alphabet remains in the spotlight technically as traders position around its upcoming earnings report, but the article is more about setup than a fresh fundamental catalyst. Article Title
• Negative Sentiment: EU regulators ordered Google to open Android and search data more broadly to AI and search rivals, adding another antitrust overhang and potentially weakening some competitive advantages. Article Title
• Negative Sentiment: The European Court also upheld a small but symbolic Italian fine tied to gambling advertising on YouTube, while separate reports said the EU is preparing additional fines against Google, reinforcing regulatory pressure. Article Title

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.