Alphabet’s (GOOGL) Buy Rating Reaffirmed at Rosenblatt Securities

Alphabet (NASDAQ:GOOGL)‘s stock had its “buy” rating reissued by stock analysts at Rosenblatt Securities in a report released on Thursday,Benzinga reports. They presently have a $410.00 price objective on the information services provider’s stock. Rosenblatt Securities’ price objective points to a potential upside of 18.94% from the stock’s previous close.

Several other brokerages have also weighed in on GOOGL. Sanford C. Bernstein restated a “market perform” rating and issued a $390.00 price objective (up from $345.00) on shares of Alphabet in a report on Thursday, April 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $420.00 price objective (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Daiwa Securities Group boosted their price objective on Alphabet from $380.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Wall Street Zen cut shares of Alphabet from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Arete Research boosted their price objective on shares of Alphabet from $405.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Five analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $420.19.

Alphabet Trading Up 0.2%

Alphabet stock opened at $344.72 on Thursday. The firm has a 50 day simple moving average of $352.64 and a 200-day simple moving average of $341.32. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The stock has a market capitalization of $4.22 trillion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24. Alphabet has a 12-month low of $196.60 and a 12-month high of $408.61.

Alphabet (NASDAQ:GOOGL) last announced its earnings results 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. The firm had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. As a group, equities research analysts expect that Alphabet will post 20.51 EPS for the current fiscal year.

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 82 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $333.39, for a total transaction of $27,337.98. Following the sale, the director directly owned 18,914 shares of the company’s stock, valued at $6,305,738.46. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Kent Walker sold 8,998 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the completion of the sale, the insider directly owned 75,290 shares of the company’s stock, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 451,945 shares of company stock worth $12,382,714 in the last quarter. Insiders own 11.61% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GOOGL. Susquehanna Advisors Group Inc. bought a new stake in shares of Alphabet during the second quarter worth $133,918,000. Sigma Planning Corp lifted its holdings in Alphabet by 8.9% during the second quarter. Sigma Planning Corp now owns 85,938 shares of the information services provider’s stock worth $30,712,000 after acquiring an additional 7,047 shares in the last quarter. Apollo Management Holdings L.P. acquired a new position in Alphabet in the second quarter valued at about $120,000. Benjamin Edwards Inc. increased its holdings in shares of Alphabet by 7.9% in the second quarter. Benjamin Edwards Inc. now owns 235,873 shares of the information services provider’s stock worth $84,297,000 after acquiring an additional 17,344 shares in the last quarter. Finally, GTS Securities LLC increased its holdings in shares of Alphabet by 22.1% in the second quarter. GTS Securities LLC now owns 130,991 shares of the information services provider’s stock worth $46,812,000 after acquiring an additional 23,749 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud growth and AI monetization remain key catalysts. Google Cloud revenue reportedly rose 82% year over year to $24.8 billion in the latest quarter, with demand tied to AI workloads and custom Tensor Processing Units. Separate coverage says Alphabet’s AI spending is increasingly finding paying customers, helping ease concerns about the cost of its infrastructure buildout. Google Cloud growth article
• Positive Sentiment: Alphabet deepened its custom-chip partnership with Marvell Technology (NASDAQ: MRVL). Marvell issued Alphabet a warrant to purchase up to about 59 million shares, potentially representing roughly 6.7% of Marvell, as part of an agreement to develop custom AI chips and related infrastructure. The arrangement could improve Alphabet’s access to specialized AI capacity and support more efficient data-center economics, although it also signals continued heavy investment. Marvell Google AI chip deal
• Positive Sentiment: Waymo expanded its cheaper next-generation robotaxi to all riders in Los Angeles, Phoenix and San Francisco. Broader availability of lower-cost vehicles may improve the economics and scalability of Alphabet’s autonomous-driving subsidiary. Waymo robotaxi expansion
• Positive Sentiment: Berkshire Hathaway’s increased Alphabet position provides a sentiment boost. Reports indicate Berkshire raised its stake by 83% to approximately $37 billion, reinforcing the view that Alphabet’s valuation and AI growth prospects remain attractive to long-term investors. Berkshire Alphabet investment
• Neutral Sentiment: Alphabet launched new AI-powered study tools across Search and Gemini, including interactive visuals, simulations and customized quizzes. The features could strengthen user engagement, but their near-term financial impact is unclear. Google study tools announcement
• Negative Sentiment: Investors are concerned that the next flagship Gemini model may be delayed. Prediction-market data points to a low probability of release in August, potentially raising execution concerns as competition in generative AI intensifies. Gemini delay report
• Negative Sentiment: Alphabet is raising billions through an inaugural Australian-dollar bond offering to help fund AI spending. The financing demonstrates access to capital but adds debt and highlights the increasing cash demands of the AI infrastructure race. Alphabet Australian bond report
• Negative Sentiment: A bankruptcy court delayed approval of Google’s proposed $10 million purchase of Spirit Airlines’ internal data after a flight-attendants’ union objected over confidential information. The issue is relatively small financially but creates legal and reputational uncertainty. Spirit Airlines data sale report

Alphabet Company Profile

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.