Alphabet (NASDAQ:GOOGL) Stock Price Target Lowered at Citizens Jmp

Alphabet (NASDAQ:GOOGL) had its target price lowered by research analysts at Citizens Jmp from $515.00 to $450.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “market outperform” rating on the information services provider’s stock. Citizens Jmp’s target price would suggest a potential upside of 34.46% from the company’s previous close.

GOOGL has been the subject of a number of other reports. Yorkville Ives started coverage on Alphabet in a research report on Monday, October 5th. They issued an “outperform” rating and a $400.00 target price for the company. Phillip Securities raised Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research note on Thursday, October 15th. Benchmark reiterated a “buy” rating on shares of Alphabet in a research note on Thursday, October 1st. Finally, Freedom Capital raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $425.04.

Alphabet Stock Down 1.6%

Shares of NASDAQ:GOOGL opened at $334.68 on Thursday. The stock has a market cap of $4.09 trillion, a price-to-earnings ratio of 16.81, a PEG ratio of 0.98 and a beta of 1.21. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet has a 12-month low of $249.29 and a 12-month high of $408.61. The business’s 50 day moving average is $343.75 and its 200 day moving average is $352.84.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. On average, sell-side analysts forecast that Alphabet will post 20.60 earnings per share for the current fiscal year.

Insider Buying and Selling at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer owned 27,386 shares of the company’s stock, valued at $9,125,015.20. This represents a 1.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The SEC filing for this sale provides additional information. Insiders have sold 339,182 shares of company stock valued at $6,740,093 in the last 90 days. 11.61% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GOOGL. State Street Corp lifted its stake in Alphabet by 5.6% during the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock worth $85,403,303,000 after purchasing an additional 12,718,127 shares during the last quarter. Amundi increased its position in shares of Alphabet by 4.6% during the 2nd quarter. Amundi now owns 33,203,350 shares of the information services provider’s stock valued at $11,865,809,000 after purchasing an additional 1,457,371 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Alphabet by 10.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider’s stock valued at $6,334,186,000 after buying an additional 1,631,721 shares in the last quarter. Swiss National Bank raised its holdings in shares of Alphabet by 7.1% during the 1st quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider’s stock valued at $4,911,467,000 after buying an additional 1,139,400 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Alphabet by 90.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider’s stock worth $4,900,078,000 after buying an additional 8,112,680 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud gains a major customer: OpenAI plans to make its models available through Google Cloud, potentially supporting cloud consumption, enterprise demand and Alphabet’s AI infrastructure strategy. OpenAI to bring AI models to Google Cloud
• Positive Sentiment: AI and emerging businesses remain growth catalysts: Analysts point to accelerating Google Cloud growth, demand for Alphabet’s custom AI chips, expanded Waymo operations—including Las Vegas airport rides and planned Madrid service—and continued adoption of Gemini products. These developments could diversify revenue beyond Search. Waymo starts offering rides at the Las Vegas airport
• Positive Sentiment: Advertising demand may receive a boost: TikTok is reportedly shifting advertising spending toward YouTube in some markets, which could benefit Alphabet’s video advertising business. Alphabet is also viewed by several analysts as attractively valued relative to its growth and cash-generation potential. TikTok is shifting advertising to YouTube
• Neutral Sentiment: Earnings are the next major catalyst: Alphabet is scheduled to report third-quarter results on October 28. Expectations center on continued Cloud and AI-chip strength, but investors will look for evidence that Search growth and profit margins can offset rising infrastructure investment.
• Negative Sentiment: AI spending is pressuring near-term economics: Management has indicated that Google Cloud may give up some revenue opportunities to reserve capacity for AI workloads. The spending could support long-term growth but weighs on current margins and has contributed to investor caution ahead of earnings. Alphabet slips as Google Cloud gives up revenue for AI capacity
• Negative Sentiment: Cloud outage adds execution and regulatory risk: A Google Cloud disruption affected U.K. banks and prompted questions from European financial regulators, raising concerns about reliability and potential reputational or compliance costs. Europe’s financial regulators query Google over cloud outage
• Negative Sentiment: Repeated securities-fraud notices create an overhang: Multiple law firms are promoting a class action alleging Alphabet misrepresented the development timeline for its Gemini 3.5 Pro model. The allegations are unproven, but the litigation and December 1 lead-plaintiff deadline add legal and headline risk after the reported stock decline. Alphabet securities notice

About Alphabet

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.