Alphabet Stock Price, Forecast & Analysis (NASDAQ:GOOG)

Alphabet trades on the NASDAQ under the ticker symbol "GOOG."

Alphabet shares split on the morning of Thursday, April 3rd 2014. The 2-1 split was announced on Monday, February 10th 2014. The newly created shares were payable to shareholders after the closing bell on Wednesday, April 2nd 2014. An investor that had 100 shares of Alphabet stock prior to the split would have 200 shares after the split.

Alphabet declared that its Board of Directors has initiated a stock repurchase plan on Friday, February 2nd 2018, which authorizes the company to buyback $8,589,870,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Alphabet Inc (NASDAQ:GOOG) issued its earnings results on Monday, October, 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $12.57 by $2.45. The information services provider had revenue of $40.50 billion for the quarter, compared to analysts' expectations of $40.17 billion. Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The company's revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $13.06 earnings per share. View Alphabet's Earnings History.

Alphabet is scheduled to release their next quarterly earnings announcement on Monday, February 3rd 2020. View Earnings Estimates for Alphabet.

22 brokerages have issued twelve-month target prices for Alphabet's stock. Their forecasts range from $1,287.00 to $1,700.00. On average, they anticipate Alphabet's share price to reach $1,463.71 in the next twelve months. This suggests a possible upside of 12.3% from the stock's current price. View Analyst Price Targets for Alphabet.

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alphabet in the last year. There are currently 2 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Alphabet.

News stories about GOOG stock have trended positive on Thursday, according to InfoTrie. The research group scores the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Alphabet earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave news articles about the information services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the next few days. View News Stories for Alphabet.

Alphabet saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 3,320,000 shares, an increase of 23.9% from the September 30th total of 2,680,000 shares. Based on an average daily volume of 1,290,000 shares, the short-interest ratio is currently 2.6 days. Currently, 1.1% of the shares of the company are short sold. View Alphabet's Current Options Chain.

Some companies that are related to Alphabet include Omnicom Group (OMC), Interpublic Group of Companies (IPG), Lamar Advertising (LAMR), CLEAR CHANNEL O/SH (CCO), National CineMedia (NCMI), MDC Partners (MDCA) and Harte Hanks (HHS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Alphabet investors own include Netflix (NFLX), Alibaba Group (BABA), NVIDIA (NVDA), Walt Disney (DIS), Tesla (TSLA), Visa (V), Intel (INTC), Boeing (BA), Starbucks (SBUX) and Bank of America (BAC).

Alphabet's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.18%), Massachusetts Financial Services Co. MA (0.10%), Russell Investments Group Ltd. (0.09%), Rhumbline Advisers (0.08%), C WorldWide Group Holding A S (0.07%) and State of New Jersey Common Pension Fund D (0.07%). Company insiders that own Alphabet stock include Amie Thuener O'toole, Ann Mather, Capitalg Lp, David C Drummond, James Grier Campbell, John L Hennessy, L John Doerr and Sundar Pichai. View Institutional Ownership Trends for Alphabet.

GOOG stock was sold by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, First Trust Advisors LP, Simplex Trading LLC, Manning & Napier Group LLC, Assenagon Asset Management S.A., Massachusetts Financial Services Co. MA, SG Americas Securities LLC and Russell Investments Group Ltd.. Company insiders that have sold Alphabet company stock in the last year include Amie Thuener O'toole, Ann Mather, David C Drummond, John L Hennessy and Sundar Pichai. View Insider Buying and Selling for Alphabet.

GOOG stock was bought by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Rheos Capital Works Inc., Investmentaktiengesellschaft Fuer Langfristige Investoren TGV, James Hambro & Partners, Bartlett & Co. LLC, H&H International Investment LLC, Nvwm LLC and Intermede Investment Partners Ltd. View Insider Buying and Selling for Alphabet.

Shares of GOOG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of GOOG stock can currently be purchased for approximately $1,303.05.

Alphabet has a market capitalization of $898.70 billion and generates $136.82 billion in revenue each year. The information services provider earns $30.74 billion in net income (profit) each year or $47.51 on an earnings per share basis. Alphabet employs 98,771 workers across the globe.View Additional Information About Alphabet.

The official website for Alphabet is http://www.google.com/.

Alphabet's mailing address is 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA, 94043. The information services provider can be reached via phone at 650-253-0000.