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

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

Alphabet's stock split before market open on Thursday, April 3rd 2014. The 2-1 split was announced on Monday, February 10th 2014. The newly issued shares were issued 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 announced that its board has approved a share buyback program on Friday, February 2nd 2018, which authorizes the company to buyback $8,589,870,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its stock is undervalued.

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

23 analysts have issued 1 year target prices for Alphabet's stock. Their forecasts range from $1,287.00 to $1,700.00. On average, they expect Alphabet's stock price to reach $1,463.71 in the next year. This suggests a possible upside of 9.7% from the stock's current price. View Analyst Price Targets for Alphabet.

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alphabet in the last year. There are currently 2 hold ratings and 21 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Alphabet.

News coverage about GOOG stock has trended somewhat negative this week, InfoTrie reports. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Alphabet earned a news sentiment score of -1.0 on InfoTrie's scale. They also assigned press coverage about the information services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for Alphabet.

Alphabet saw a increase in short interest in 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 trading volume of 1,290,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.1% of the shares of the company are sold short. 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), Tesla (TSLA), Walt Disney (DIS), Visa (V), Intel (INTC), Boeing (BA), Starbucks (SBUX) and Bank of America (BAC).

Alphabet's stock is owned by many different of retail and institutional investors. Top institutional investors 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 purchased 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 $1,334.87.

Alphabet has a market capitalization of $920.65 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.