NASDAQ:GOOG - Alphabet Stock Price, Forecast & News

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

Alphabet shares split on Thursday, April 3rd 2014. The 2-1 split was announced on Monday, February 10th 2014. The newly minted 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 announced that its Board of Directors has authorized a stock repurchase program on Friday, February 2nd 2018, which permits the company to repurchase $8,589,870,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

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

22 brokerages have issued 12 month price objectives for Alphabet's shares. Their forecasts range from $1,287.00 to $1,700.00. On average, they expect Alphabet's share price to reach $1,474.07 in the next twelve months. This suggests a possible upside of 10.0% 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 1 hold rating and 21 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Alphabet.

News stories about GOOG stock have been trending very positive this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Alphabet earned a media sentiment score of 3.6 on InfoTrie's scale. They also assigned news headlines about the information services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Alphabet.

Alphabet saw a increase in short interest during the month of November. As of November 15th, there was short interest totalling 3,320,000 shares, an increase of 23.9% from the October 31st total of 2,680,000 shares. Based on an average daily volume of 1,290,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.1% of the shares of the stock 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), Walt Disney (DIS), Tesla (TSLA), Visa (V), Intel (INTC), Boeing (BA), Starbucks (SBUX) and Bank of America (BAC).

Alphabet's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include State Street Corp (1.71%), Sumitomo Mitsui Trust Holdings Inc. (0.18%), Generation Investment Management LLP (0.17%), Parametric Portfolio Associates LLC (0.11%), Massachusetts Financial Services Co. MA (0.10%) and Russell Investments Group Ltd. (0.09%). 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 Generation Investment Management LLP, California Public Employees Retirement System, State Street Corp, Rheos Capital Works Inc., Investmentaktiengesellschaft Fuer Langfristige Investoren TGV, Man Group plc, Phoenix Holdings Ltd. and James Hambro & Partners. 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 $1,340.62.

Alphabet has a market capitalization of $924.61 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.