Alphabet (GOOGL) – Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Alphabet (NASDAQ: GOOGL):

• 10/24/2024 – Alphabet had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $205.00 price target on the stock.
• 10/16/2024 – Alphabet had its price target raised by analysts at Truist Financial Co. from $196.00 to $220.00. They now have a “buy” rating on the stock.
• 10/15/2024 – Alphabet had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $210.00 price target on the stock.
• 10/14/2024 – Alphabet had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $217.00 to $208.00. They now have a “buy” rating on the stock.
• 10/11/2024 – Alphabet was upgraded by analysts at Scotiabank to a “strong-buy” rating.
• 10/9/2024 – Alphabet had its price target lowered by analysts at BMO Capital Markets from $222.00 to $215.00. They now have an “outperform” rating on the stock.
• 10/7/2024 – Alphabet had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $190.00 price target on the stock.
• 10/2/2024 – Alphabet had its price target lowered by analysts at Wells Fargo & Company from $190.00 to $182.00. They now have an “equal weight” rating on the stock.
• 10/1/2024 – Alphabet was upgraded by analysts at Pivotal Research to a “strong-buy” rating.
• 9/30/2024 – Alphabet had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $200.00 price target on the stock.
• 9/30/2024 – Alphabet had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $190.00 price target on the stock.
• 9/26/2024 – Alphabet had its price target raised by analysts at Tigress Financial from $210.00 to $220.00. They now have a “strong-buy” rating on the stock.
• 9/25/2024 – Alphabet had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $200.00 price target on the stock.
• 9/23/2024 – Alphabet had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $190.00 price target on the stock.
• 9/16/2024 – Alphabet had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $222.00 price target on the stock.
• 9/16/2024 – Alphabet had its price target lowered by analysts at Evercore ISI from $225.00 to $200.00. They now have an “outperform” rating on the stock.
• 9/16/2024 – Alphabet had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $200.00 price target on the stock.
• 9/16/2024 – Alphabet had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $196.00 price target on the stock.
• 9/10/2024 – Alphabet had its price target lowered by analysts at Piper Sandler from $206.00 to $200.00. They now have an “overweight” rating on the stock.
• 9/10/2024 – Alphabet is now covered by analysts at DA Davidson. They set a “neutral” rating and a $170.00 price target on the stock.
• 9/5/2024 – Alphabet had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $205.00 price target on the stock.
• 9/5/2024 – Alphabet is now covered by analysts at Cantor Fitzgerald. They set a “neutral” rating and a $190.00 price target on the stock.
• 9/3/2024 – Alphabet had its price target lowered by analysts at Morgan Stanley from $205.00 to $190.00. They now have an “overweight” rating on the stock.
• 8/30/2024 – Alphabet had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $210.00 price target on the stock.
• 8/29/2024 – Alphabet had its “buy” rating reaffirmed by analysts at Roth Mkm. They now have a $206.00 price target on the stock.

Alphabet Stock Performance

Alphabet stock traded up $1.69 during mid-day trading on Monday, reaching $166.96. 24,332,490 shares of the company’s stock were exchanged, compared to its average volume of 26,830,563. Alphabet Inc. has a one year low of $122.68 and a one year high of $191.75. The firm has a market capitalization of $2.06 trillion, a PE ratio of 25.61, a P/E/G ratio of 1.27 and a beta of 1.04. The business’s fifty day simple moving average is $161.95 and its 200 day simple moving average is $168.60. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04.

Insider Buying and Selling

In related news, SVP Prabhakar Raghavan sold 34,257 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the transaction, the senior vice president now directly owns 312,210 shares in the company, valued at $50,765,346. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the completion of the sale, the senior vice president now directly owns 312,210 shares in the company, valued at $50,765,346. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total value of $114,576.00. Following the sale, the chief accounting officer now owns 31,334 shares in the company, valued at $5,264,112. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 220,426 shares of company stock worth $35,993,340. Insiders own 11.55% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Christopher J. Hasenberg Inc grew its stake in shares of Alphabet by 75.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 60 shares during the period. Tributary Capital Management LLC purchased a new stake in Alphabet during the first quarter valued at approximately $30,000. Kings Path Partners LLC purchased a new stake in Alphabet during the second quarter valued at approximately $36,000. Denver PWM LLC bought a new position in Alphabet in the second quarter worth approximately $41,000. Finally, CarsonAllaria Wealth Management Ltd. boosted its stake in shares of Alphabet by 59.2% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider’s stock worth $44,000 after acquiring an additional 109 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.