Alphabet Inc. (NASDAQ:GOOGL), the $2.1 trillion tech giant with a "GREAT" financial health rating according to InvestingPro, recently saw a transaction involving its VP and Chief Accounting Officer, Amie Thuener O'Toole, who sold 1,367 shares of Class C Capital Stock. The shares were sold at a price of $170.41 each, amounting to a total transaction value of $232,950. Following this sale, O'Toole retains ownership of 23,515 shares of Class C Capital Stock and 8,940 shares of Class A Common Stock. Additionally, she holds 8,284 Class C Google Stock Units, with another 24,352 units set to vest over the coming years, contingent upon her continued employment. The transaction was executed under a pre-established Rule 10b5-1 Trading Plan. With 29 analysts recently revising earnings upward and a P/E ratio of 22.7, InvestingPro subscribers can access detailed analysis and 10+ additional key insights about Alphabet's valuation and growth prospects in the comprehensive Pro Research Report.
In other recent news, Alphabet Inc. has been the focus of several analyst adjustments. UBS maintained a neutral rating on Alphabet, citing the Department of Justice's proposed measures to address Google's dominance in the search market. Loop Capital increased Alphabet's stock price target while retaining a hold rating, based on projections for 2026. BMO (TSX:BMO) Capital Markets also raised its stock price target for Alphabet, highlighting strong performance in cloud services and search monetization. Piper Sandler increased Alphabet's price target following strong third-quarter earnings, particularly noting the performance of Alphabet's Cloud services and YouTube subscriptions.
Cantor Fitzgerald maintained a neutral rating on Alphabet, pointing to potential risks associated with antitrust litigation and AI-related challenges. In addition to these analyst notes, Alphabet led a $110 million investment in Nigerian fintech firm Moniepoint. Furthermore, a federal judge dismissed a class action lawsuit against Google related to fraudulent Google Play gift cards. Lastly, the United States government has requested Italy to cancel its digital services tax, which targets tech giants such as Google. These are the recent developments for Alphabet Inc.
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