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 1.8 %

Shares of NASDAQ:GOOG opened at $120.32 on Thursday. The business's 50 day simple moving average is $156.98 and its two-hundred day simple moving average is $137.88. The firm has a market cap of $1.58 trillion, a P/E ratio of 22.39, a PEG ratio of 1.98 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.78 and a current ratio of 2.81. Alphabet has a 52-week low of $102.21 and a 52-week high of $152.10.

Alphabet (NASDAQ:GOOG - Get Rating) last posted its earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share 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 prior year, the business posted $27.26 earnings per share. As a group, research analysts forecast that Alphabet will post 5.22 EPS for the current fiscal year.

Analysts Set New Price Targets

GOOG has been the topic of a number of recent analyst reports. Oppenheimer decreased their target price on Alphabet from $3,290.00 to $165.00 in a report on Tuesday, July 19th. Susquehanna Bancshares decreased their price objective on Alphabet from $187.00 to $150.00 in a report on Wednesday, July 27th. Credit Suisse Group set a $143.00 target price on Alphabet in a research report on Tuesday, July 19th. JPMorgan Chase & Co. set a $140.00 price objective on Alphabet in a research report on Thursday, July 21st. Finally, Evercore ISI dropped their price objective on Alphabet from $165.00 to $155.50 and set an "outperform" rating for the company in a research report on Thursday, July 7th. One analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $158.40.

Insider Buying and Selling

In other news, major shareholder 2021 Gp L.L.C. Gv bought 13,528 shares of the firm's stock in a transaction on Tuesday, May 24th. The stock was acquired at an average cost of $33.72 per share, with a total value of $456,164.16. Following the completion of the transaction, the insider now directly owns 593,402 shares of the company's stock, valued at approximately $20,009,515.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, major shareholder 2021 Gp L.L.C. Gv bought 13,528 shares of the firm's stock in a transaction on Tuesday, May 24th. The stock was acquired at an average cost of $33.72 per share, with a total value of $456,164.16. Following the completion of the transaction, the insider now directly owns 593,402 shares of the company's stock, valued at approximately $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 20 shares of the firm's stock in a transaction on Monday, June 27th. The stock was sold at an average price of $2,383.32, for a total value of $47,666.40. Following the completion of the sale, the director now directly owns 565 shares of the company's stock, valued at $1,346,575.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,852 shares of company stock worth $15,750,955. 12.99% of the stock is owned by company insiders.