Alphabet - GOOG Stock Forecast, Price & News

Alphabet Inc. provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play store; and Fitbit wearable devices, Google Nest home products, Pixel phones, and other devices, as well as in the provision of YouTube non-advertising services. The Google Cloud segment offers infrastructure, platform, and other services; Google Workspace that include cloud-based collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells health technology and internet services. The company was founded in 1998 and is headquartered in Mountain View, California.

Alphabet Trading Down 0.7 %

NASDAQ:GOOG opened at $119.82 on Friday. The firm has a market cap of $1.58 trillion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 1.90 and a beta of 1.07. The stock has a fifty day moving average price of $156.50 and a 200 day moving average price of $138.16. Alphabet has a 12-month low of $102.21 and a 12-month high of $152.10. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOG - Get Rating) last released its earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $26.24 by ($25.03). Alphabet had a net margin of 25.89% and a return on equity of 28.65%. During the same period in the previous year, the business earned $27.26 earnings per share. Sell-side analysts anticipate that Alphabet will post 5.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on GOOG. Deutsche Bank Aktiengesellschaft cut their price objective on Alphabet from $157.50 to $145.00 in a report on Wednesday, April 27th. Wedbush reissued an "outperform" rating on shares of Alphabet in a research note on Wednesday, April 20th. Raymond James dropped their target price on Alphabet from $181.50 to $159.00 in a research report on Wednesday, April 27th. MKM Partners decreased their price objective on Alphabet from $165.00 to $140.00 and set a "buy" rating on the stock in a research note on Monday, July 18th. Finally, Citigroup reduced their price objective on Alphabet from $158.75 to $145.00 and set a "buy" rating on the stock in a research note on Thursday, July 14th. One equities research analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $158.40.

Insider Buying and Selling at Alphabet

In other Alphabet news, SVP Prabhakar Raghavan sold 1,109 shares of the firm's stock in a transaction on Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total value of $2,402,914.66. Following the sale, the senior vice president now directly owns 1,608 shares in the company, valued at $3,484,117.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, SVP Philipp Schindler sold 3,834 shares of the business's stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $2,182.62, for a total value of $8,368,165.08. Following the transaction, the senior vice president now owns 12,676 shares in the company, valued at approximately $27,666,891.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 1,109 shares of the business's stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total value of $2,402,914.66. Following the sale, the senior vice president now directly owns 1,608 shares in the company, valued at approximately $3,484,117.92. The disclosure for this sale can be found here. Insiders have sold a total of 42,852 shares of company stock worth $15,750,955 over the last ninety days. Corporate insiders own 12.99% of the company's stock.