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 Up 0.4 %

GOOG opened at $120.86 on Friday. The company has a quick ratio of 2.78, a current ratio of 2.81 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.59 trillion, a P/E ratio of 22.49, a PEG ratio of 1.99 and a beta of 1.07. Alphabet has a 52 week low of $102.21 and a 52 week high of $152.10. The business's fifty day simple moving average is $157.10 and its 200 day simple moving average is $137.78.

Alphabet (NASDAQ:GOOG - Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The information services provider reported $1.21 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 last year, the business posted $27.26 EPS. As a group, equities research analysts anticipate that Alphabet will post 5.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of research reports. Raymond James lowered their price target on Alphabet from $181.50 to $159.00 in a report on Wednesday, April 27th. Citigroup dropped their target price on Alphabet from $158.75 to $145.00 and set a "buy" rating on the stock in a research report on Thursday, July 14th. MKM Partners reduced their price target on Alphabet from $165.00 to $140.00 and set a "buy" rating for the company in a report on Monday, July 18th. Itau BBA Securities started coverage on Alphabet in a report on Tuesday, July 26th. They set a "market perform" rating on the stock. Finally, Cowen cut their price objective on Alphabet from $300.00 to $150.00 in a research report on Monday, July 25th. One investment analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $158.40.

Insider Activity at Alphabet

In other Alphabet news, insider John Kent Walker sold 34,799 shares of the firm's stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $118.25, for a total value of $4,114,981.75. Following the sale, the insider now directly owns 18,484 shares of the company's stock, valued at approximately $2,185,733. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider John Kent Walker sold 34,799 shares of the firm's stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $118.25, for a total value of $4,114,981.75. Following the transaction, the insider now directly owns 18,484 shares in the company, valued at approximately $2,185,733. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 500 shares of the firm's stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $120.00, for a total value of $60,000.00. Following the completion of the transaction, the director now owns 34,760 shares in the company, valued at $4,171,200. The disclosure for this sale can be found here. Insiders have sold a total of 42,852 shares of company stock valued at $15,750,955 over the last quarter. Insiders own 12.99% of the company's stock.