Key Points
- Alphabet director Frances Arnold sold 82 shares for $23,288 at an average price of $284, reducing her ownership by 0.43% to 19,157 shares.
- Alphabet’s latest quarterly results fell short of expectations, with earnings per share of $2.12 versus the $3.01 consensus and revenue of $127.58 billion versus $127.97 billion expected.
- Despite the earnings miss and concerns about heavy AI spending, analysts maintain a “Moderate Buy” consensus, with a target price of $413.54; Google Cloud growth and AI opportunities remain key positives.
Alphabet Inc. (NASDAQ:GOOG - Get Free Report) Director Frances Arnold sold 82 shares of the stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $284.00, for a total value of $23,288.00. Following the completion of the transaction, the director owned 19,157 shares in the company, valued at approximately $5,440,588. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Frances Arnold also recently made the following trade(s):
- On Wednesday, September 30th, Frances Arnold sold 83 shares of Alphabet stock. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35.
- On Friday, August 28th, Frances Arnold sold 82 shares of Alphabet stock. The shares were sold at an average price of $337.71, for a total transaction of $27,692.22.
Alphabet Stock Performance
GOOG opened at $278.22 on Friday. The company has a current ratio of 2.79, a quick ratio of 2.64 and a debt-to-equity ratio of 0.19. The company's fifty day moving average price is $335.73 and its two-hundred day moving average price is $338.25. Alphabet Inc. has a 1-year low of $271.41 and a 1-year high of $404.47. The company has a market cap of $3.40 trillion, a price-to-earnings ratio of 14.52, a PEG ratio of 0.82 and a beta of 1.19.
Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing analysts' consensus estimates of $3.01 by ($0.89). The business had revenue of $127.58 billion during the quarter, compared to the consensus estimate of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The firm's quarterly revenue was up 24.7% on a year-over-year basis. During the same period last year, the business posted $2.87 earnings per share. On average, analysts expect that Alphabet Inc. will post 20.40 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. The Goldman Sachs Group dropped their price target on shares of Alphabet from $440.00 to $435.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. Needham & Company LLC reissued a "buy" rating on shares of Alphabet in a report on Tuesday. Barclays reissued an "overweight" rating on shares of Alphabet in a research note on Thursday. UBS Group restated a "reduce" rating on shares of Alphabet in a report on Thursday. Finally, China Renaissance decreased their price target on Alphabet from $485.00 to $445.00 and set a "buy" rating for the company in a report on Friday, July 24th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $413.54.
View Our Latest Stock Report on Alphabet
Alphabet News Roundup
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google Cloud delivered exceptional growth. Revenue more than doubled year over year to approximately $30.7 billion, while operating margins expanded and the backlog reached roughly $561 billion. This supports the view that Alphabet’s AI investments are generating demand. Alphabet Cloud Business Article
- Positive Sentiment: Alphabet’s AI platform may create new revenue streams. OpenAI reportedly plans to use Google’s tensor-processing units, while Gemini performance and expanding AI Search advertising could help Alphabet compete in the AI infrastructure market. Analysts including Goldman Sachs and JPMorgan remain constructive, despite lowering price targets. OpenAI Google AI Chips Article
- Positive Sentiment: Valuation has become more attractive. Reports place GOOG’s price-to-earnings ratio near 14.6, the lowest level in many years, prompting some investors to characterize the selloff as a potential long-term buying opportunity. Google Valuation Article
- Neutral Sentiment: Waymo is expanding internationally. Alphabet’s autonomous-driving unit will test Toyota bZ4X robotaxis in Japan and the U.K., but the business remains small and cash-burning. Waymo Toyota Partnership Article
- Negative Sentiment: Quarterly results missed expectations. Alphabet reported approximately $2.12 in earnings per share and $127.6 billion in revenue, below consensus forecasts. Search revenue grew but missed estimates, and AI-powered searches are reportedly harder to monetize than traditional searches. Alphabet Search Earnings Article
- Negative Sentiment: AI spending is straining cash flow. Capital expenditures and infrastructure commitments pushed free cash flow approximately $9 billion negative for the quarter, raising concerns about returns on Alphabet’s enormous AI investment program and potential financing or dilution. Tech Giants AI Spending Article
- Negative Sentiment: Additional earnings pressure came from investments and legal risk. An unrealized loss on Alphabet’s SpaceX stake reduced earnings, while multiple law firms publicized securities class-action deadlines tied to alleged AI disclosures. These lawsuits are largely investor notices, but they add reputational and headline risk. Alphabet Class Action Notice
Institutional Investors Weigh In On Alphabet
A number of institutional investors have recently added to or reduced their stakes in the company. Morton Brown Family Wealth LLC raised its holdings in shares of Alphabet by 135.5% in the 3rd quarter. Morton Brown Family Wealth LLC now owns 73 shares of the information services provider's stock worth $25,000 after purchasing an additional 42 shares during the period. Castlekeep Investment Advisors LLC bought a new position in Alphabet during the second quarter valued at $29,000. Livelsberger Financial Advisory purchased a new stake in Alphabet in the third quarter worth $37,000. Timbuktu Capital Management LLC purchased a new stake in Alphabet in the second quarter worth $46,000. Finally, Team Financial Group LLC purchased a new stake in Alphabet in the third quarter worth $60,000. 27.26% of the stock is owned by institutional investors.
Alphabet Company Profile
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Get Free Report)
Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.
Google's principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.
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