Alphabet (NASDAQ:GOOG) Trading 2.4% Higher – Time to Buy?

Alphabet Inc. (NASDAQ:GOOG)’s stock price traded up 2.4% during trading on Monday . The company traded as high as $365.68 and last traded at $364.90. Approximately 22,167,881 shares changed hands during trading, an increase of 1% from the average daily volume of 21,849,533 shares. The stock had previously closed at $356.18.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet remains positioned as a long-term AI winner, with analysts pointing to strong revenue growth, high margins, and a favorable “rule of 40” profile that suggests durable earnings power. Alphabet Stock: Locking In Long-Term Rule Of 40 Supremacy
• Positive Sentiment: Multiple reports highlight Alphabet as a beneficiary of massive AI infrastructure spending, with Google Cloud, data center demand, and AI-related capex supporting the growth story. 3 Top-Ranked Stocks Riding on Massive AI Infrastructure Spending
• Positive Sentiment: Wall Street still expects another strong quarterly report, with AI and Google Cloud seen as key drivers heading into earnings. Alphabet Q2 Earnings Preview: What To Expect From Upcoming Report
• Positive Sentiment: Berkshire Hathaway’s reported $10 billion investment in Alphabet is reinforcing investor confidence and may signal further institutional appetite for the stock. Warren Buffett’s Berkshire Successor, Greg Abel, Just Bought More of This Magnificent Tech Stock
• Neutral Sentiment: Google is backing fusion startup Proxima Fusion in a large financing round, which adds optionality around long-term energy technology but is unlikely to move the stock materially today. Google, RWE back Proxima Fusion in €411 million financing round
• Neutral Sentiment: Alphabet is also getting attention from comparisons with peers like Microsoft and Taiwan Semiconductor, but these pieces are mostly valuation/strategy debates rather than new fundamentals. Google vs. Microsoft: The AI Economics War Has a Clear Winner (and a Clear Buy)
• Negative Sentiment: One Seeking Alpha piece flags a “massive bill” in Alphabet’s Q2 results, suggesting investors may be worried about a larger-than-expected expense or cost hit. Alphabet’s Q2 Includes A Massive Bill Nobody’s Talking About

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GOOG shares. Pivotal Research reissued 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. Oppenheimer boosted their price target on Alphabet from $425.00 to $445.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Wells Fargo & Company set a $416.00 price objective on shares of Alphabet in a research report on Thursday, July 2nd. KeyCorp restated an “overweight” rating on shares of Alphabet in a report on Wednesday, May 20th. Finally, Freedom Capital downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and a consensus price target of $376.19.

Alphabet Price Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market capitalization of $4.35 trillion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 1.56 and a beta of 1.23. The firm’s 50-day moving average is $369.28 and its 200-day moving average is $334.35.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter in the previous year, the firm posted $2.81 EPS. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. Analysts predict that Alphabet Inc. will post 14.32 EPS for the current fiscal year.

Alphabet Increases Dividend

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

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 112 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total value of $39,343.36. Following the completion of the sale, the director directly owned 18,833 shares of the company’s stock, valued at $6,615,656.24. This represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction on Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the transaction, the director owned 2,531 shares in the company, valued at approximately $995,341.06. This trade represents a 29.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 160,465 shares of company stock worth $8,020,511 in the last quarter. 12.99% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alphabet

Several large investors have recently made changes to their positions in GOOG. Nvest Wealth Strategies Inc. bought a new position in shares of Alphabet during the fourth quarter worth $38,000. Lifetime Wealth Management P.C. purchased a new stake in Alphabet in the 4th quarter worth $38,000. Imprint Wealth LLC bought a new position in shares of Alphabet during the 3rd quarter valued at about $31,000. Bard Associates Inc. purchased a new position in shares of Alphabet during the fourth quarter valued at about $41,000. Finally, Towne Trust Company N.A increased its holdings in shares of Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after purchasing an additional 34 shares during the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

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.