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

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 created 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 declared that its board has authorized a share repurchase program on Friday, February 2nd 2018, which allows the company to buyback $8,589,870,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its shares are undervalued.

Alphabet Inc (NASDAQ:GOOG) posted its quarterly earnings results on Monday, October, 28th. The information services provider reported $10.12 EPS for the quarter, missing the 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 was up 20.0% on a year-over-year basis. During the same quarter in the previous year, the firm 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.

23 Wall Street analysts have issued 1 year price targets for Alphabet's stock. Their forecasts range from $1,287.00 to $1,700.00. On average, they anticipate Alphabet's stock price to reach $1,463.71 in the next twelve months. 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 headlines about GOOG stock have been trending somewhat negative this week, InfoTrie Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Alphabet earned a coverage optimism score of -1.2 on InfoTrie's scale. They also assigned news stories about the information services provider a news buzz of 0.0 out of 10, indicating that recent media 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 in 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 trading volume, of 1,290,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.1% of the shares of the stock 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), Tesla (TSLA), Walt Disney (DIS), 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 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 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 $1,334.87.

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.