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 Down 0.1 %

Shares of NASDAQ:GOOG opened at $118.14 on Tuesday. Alphabet has a 52-week low of $102.21 and a 52-week high of $152.10. The stock has a market cap of $1.56 trillion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 1.91 and a beta of 1.07. The business's 50 day moving average is $156.30 and its 200 day moving average is $138.43. The company has a quick ratio of 2.78, a current ratio of 2.81 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOG - Get Rating) last announced its earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate 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 prior year, the firm posted $27.26 EPS. Sell-side analysts predict that Alphabet will post 5.22 EPS for the current year.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several recent research reports. MKM Partners reduced their price objective on Alphabet from $165.00 to $140.00 and set a "buy" rating on the stock in a research report on Monday, July 18th. Cowen lowered their target price on Alphabet from $300.00 to $150.00 in a research note on Monday, July 25th. Citigroup lowered their target price on Alphabet from $158.75 to $145.00 and set a "buy" rating for the company in a research note on Thursday, July 14th. Guggenheim reduced their price objective on Alphabet to $130.00 and set an "outperform" rating for the company in a research report on Wednesday, July 27th. Finally, Raymond James reduced their target price on Alphabet from $181.50 to $159.00 in a report on Wednesday, April 27th. One equities research analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and a consensus target price of $158.40.

Insider Buying and Selling at Alphabet

In related news, major shareholder 2021 Gp L.L.C. Gv bought 13,528 shares of the company's stock in a transaction on Tuesday, May 24th. The shares were acquired at an average price of $33.72 per share, with a total value of $456,164.16. Following the transaction, the insider now owns 593,402 shares of the company's stock, valued at $20,009,515.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder 2021 Gp L.L.C. Gv bought 13,528 shares of the company's stock in a transaction on Tuesday, May 24th. The shares were acquired at an average price of $33.72 per share, with a total value of $456,164.16. Following the transaction, the insider now owns 593,402 shares of the company's stock, valued at $20,009,515.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ann Mather sold 21 shares of the firm's stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $2,102.84, for a total value of $44,159.64. Following the completion of the sale, the director now directly owns 565 shares of the company's stock, valued at approximately $1,188,104.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,352 shares of company stock valued at $15,690,955. 12.99% of the stock is currently owned by corporate insiders.