Alphabet (NASDAQ:GOOGL) Receives “Outperform” Rating from Wedbush

Wedbush reiterated their outperform rating on shares of Alphabet (NASDAQ:GOOGL) in a report issued on Thursday morning, Benzinga reports. Wedbush currently has a $205.00 target price on the information services provider’s stock. Wedbush also issued estimates for Alphabet’s Q1 2025 earnings at $1.95 EPS, Q2 2025 earnings at $2.10 EPS, Q3 2025 earnings at $2.10 EPS, Q4 2025 earnings at $2.39 EPS, FY2025 earnings at $8.53 EPS and FY2026 earnings at $9.59 EPS.

GOOGL has been the subject of a number of other reports. Loop Capital restated a “hold” rating and set a $170.00 price target on shares of Alphabet in a research note on Wednesday, July 3rd. TD Securities boosted their target price on shares of Alphabet from $200.00 to $220.00 in a research report on Wednesday, July 10th. Royal Bank of Canada increased their price target on shares of Alphabet from $200.00 to $204.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Guggenheim boosted their price objective on shares of Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Mizuho upped their price objective on Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Eight research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $201.76.

Alphabet Stock Performance

Alphabet stock traded up $2.52 during midday trading on Thursday, reaching $165.24. 4,030,795 shares of the company traded hands, compared to its average volume of 26,766,311. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. Alphabet has a 12 month low of $120.21 and a 12 month high of $191.75. The firm has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. The business has a 50 day moving average of $161.87 and a two-hundred day moving average of $168.40.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. The firm had revenue of $84.74 billion for the quarter, compared to the consensus estimate of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same period last year, the business posted $1.44 EPS. As a group, research analysts predict that Alphabet will post 7.64 earnings per share for the current year.

Insider Activity

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

Institutional Trading of Alphabet

Several institutional investors and hedge funds have recently modified their holdings of GOOGL. Christopher J. Hasenberg Inc lifted its position in Alphabet by 75.0% during the second 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. Kings Path Partners LLC acquired a new position in shares of Alphabet in the 2nd quarter valued at about $36,000. Tributary Capital Management LLC acquired a new stake in Alphabet during the first quarter worth about $30,000. Denver PWM LLC acquired a new position in Alphabet in the second quarter valued at approximately $41,000. Finally, Quarry LP purchased a new stake in Alphabet in the 2nd quarter worth approximately $53,000. Institutional investors own 40.03% of the company’s stock.

Alphabet Company Profile

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.