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 Stock Performance

GOOG traded up $2.83 during trading on Friday, hitting $122.65. The stock had a trading volume of 16,121,087 shares, compared to its average volume of 26,265,448. The firm has a market cap of $1.62 trillion, a PE ratio of 22.82, a P/E/G ratio of 1.98 and a beta of 1.07. 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. The company has a 50 day simple moving average of $156.70 and a 200-day simple moving average of $138.12.

Alphabet (NASDAQ:GOOG - Get Rating) last announced its earnings results on Tuesday, July 26th. The information services provider reported $1.21 EPS for the quarter, missing the consensus estimate of $26.24 by ($25.03). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. During the same quarter in the prior year, the company posted $27.26 earnings per share. Analysts expect that Alphabet will post 5.22 EPS for the current year.

Wall Street Analysts Forecast Growth

GOOG has been the subject of a number of research reports. Susquehanna Bancshares reduced their target price on shares of Alphabet from $187.00 to $150.00 in a report on Wednesday, July 27th. Citigroup decreased their price objective on shares of Alphabet from $158.75 to $145.00 and set a "buy" rating for the company in a research note on Thursday, July 14th. Credit Suisse Group set a $143.00 price objective on shares of Alphabet in a research note on Tuesday, July 19th. Canaccord Genuity Group decreased their price objective on shares of Alphabet from $175.00 to $165.00 and set a "buy" rating for the company in a research note on Wednesday, April 27th. Finally, MKM Partners decreased their price objective on shares of Alphabet from $165.00 to $140.00 and set a "buy" rating for the company in a research note on Monday, July 18th. One equities research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $158.40.

Insiders Place Their Bets

In other Alphabet news, SVP Prabhakar Raghavan sold 1,109 shares of the firm's stock in a transaction on Friday, July 1st. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv bought 13,528 shares of the firm's stock in a transaction dated Tuesday, May 24th. The shares were acquired at an average cost of $33.72 per share, for a total transaction of $456,164.16. Following the transaction, the insider now owns 593,402 shares in the company, valued at $20,009,515.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Prabhakar Raghavan sold 1,109 shares of Alphabet stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $2,166.74, for a total transaction of $2,402,914.66. Following the sale, the senior vice president now owns 1,608 shares in the company, valued at $3,484,117.92. The disclosure for this sale can be found here. Insiders have sold 42,852 shares of company stock worth $15,750,955 in the last ninety days. Insiders own 12.99% of the company's stock.