Alphabet (NASDAQ:GOOGL) Stock Price Down 1.4% – Here’s What Happened

Alphabet Inc. (NASDAQ:GOOGL) dropped 1.4% during mid-day trading on Monday . The company traded as low as $360.53 and last traded at $363.31. Approximately 27,709,643 shares changed hands during trading, a decline of 13% from the average daily volume of 32,008,055 shares. The stock had previously closed at $368.53.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is getting a bullish long-term earnings outlook from analysts, with commentary pointing to strong AI and cloud growth into 2027. Veteran Analyst Firm Resets Alphabet Forecast for 2027
• Positive Sentiment: Google expanded Gemini with new small-business features, highlighting ongoing monetization efforts for its AI products and a broader push to make Gemini more useful for commercial users. Google Debuts Gemini Features Geared to Small Businesses
• Positive Sentiment: Alphabet continues to receive upbeat long-term growth coverage, with some analysts describing it as a top growth stock thanks to its AI, search, and cloud businesses. Why Alphabet (GOOGL) is a Top Growth Stock for the Long-Term
• Positive Sentiment: Alphabet’s Gemini app reportedly doubled monthly users to 900 million, reinforcing the scale of its AI ecosystem and suggesting growing engagement. Alphabet Inc. (GOOGL) Reports Doubling of Gemini App Monthly Users to 900 Million
• Neutral Sentiment: Wall Street price-target chatter remains constructive, with some forecasts implying meaningful upside over the next couple of years. Wall Street sets Google stock price target for 2027
• Neutral Sentiment: Google Cloud said a fire at a third-party facility caused intermittent network disruptions for some customers in India, a reminder of operational risks, though the incident appears limited. Fire at third-party facility disrupts Google Cloud network traffic in India
• Negative Sentiment: A California judge denied Google and Meta a new trial in the youth social media addiction case, keeping legal overhang alive for Alphabet’s YouTube business. Market Chatter: Google, Meta Platforms Denied New Trial in Youth Social Media Addiction Case by California Judge
• Negative Sentiment: Investor concern also remains focused on Alphabet’s heavy AI spending, Waymo expansion costs, and search-business shifts, which may be pressuring valuation. Alphabet’s AI Spend, Waymo Expansion And Search Shifts Weigh On Valuation

Wall Street Analyst Weigh In

GOOGL has been the topic of a number of analyst reports. President Capital raised their target price on shares of Alphabet from $375.00 to $465.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, April 28th. KeyCorp reaffirmed an “overweight” rating and set a $425.00 price target on shares of Alphabet in a research note on Wednesday, May 20th. BNP Paribas Exane increased their price target on shares of Alphabet from $390.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Finally, Bank of America increased their price target on shares of Alphabet from $370.00 to $430.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $413.13.

Alphabet Stock Performance

The stock’s 50 day moving average price is $356.15 and its 200 day moving average price is $329.17. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.32 trillion, a PE ratio of 27.18, a P/E/G ratio of 1.56 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. As a group, equities analysts forecast that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s payout ratio is 6.71%.

Insiders Place Their Bets

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 8,993 shares of the firm’s stock in a transaction on Friday, March 27th. The shares were sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the transaction, the insider directly owned 51,808 shares in the company, valued at approximately $14,293,309.12. This represents a 14.79% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 193,016 shares of company stock worth $17,282,549. 11.61% of the stock is owned by company insiders.

Institutional Investors Weigh In On Alphabet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GOOGL. Brighton Jones LLC increased its stake in Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after buying an additional 4,110 shares during the period. Revolve Wealth Partners LLC increased its stake in Alphabet by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after buying an additional 506 shares during the period. Matrix Asset Advisors Inc. NY increased its stake in Alphabet by 17.6% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider’s stock worth $685,000 after buying an additional 581 shares during the period. Sequoia Financial Advisors LLC increased its stake in Alphabet by 11.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider’s stock worth $85,557,000 after buying an additional 48,805 shares during the period. Finally, United Bank increased its stake in Alphabet by 6.9% during the 2nd quarter. United Bank now owns 48,204 shares of the information services provider’s stock worth $8,495,000 after buying an additional 3,120 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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.