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 0.5 %

Shares of NASDAQ:GOOG opened at $117.50 on Wednesday. The stock's 50-day simple moving average is $156.37 and its two-hundred day simple moving average is $138.28. The stock has a market capitalization of $1.55 trillion, a price-to-earnings ratio of 21.86, a PEG ratio of 1.91 and a beta of 1.07. Alphabet has a 52-week low of $102.21 and a 52-week high of $152.10. 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 (NASDAQ:GOOG - Get Rating) last posted its quarterly earnings data 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 previous year, the firm earned $27.26 EPS. Analysts expect that Alphabet will post 5.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. set a $140.00 target price on shares of Alphabet in a research report on Thursday, July 21st. The Goldman Sachs Group set a $150.00 price objective on shares of Alphabet in a report on Wednesday, July 27th. Oppenheimer lowered their target price on shares of Alphabet from $3,290.00 to $165.00 in a report on Tuesday, July 19th. Piper Sandler cut their price target on Alphabet from $139.00 to $135.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 27th. Finally, Credit Suisse Group set a $143.00 price objective on Alphabet in a research note on Tuesday, July 19th. One investment analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $158.40.

Insider Buying and Selling at Alphabet

In related news, Director Ann Mather sold 20 shares of Alphabet stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $2,383.32, for a total transaction of $47,666.40. Following the completion of the transaction, the director now directly owns 565 shares of the company's stock, valued at approximately $1,346,575.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider John Kent Walker sold 34,799 shares of the company's stock in a transaction dated Thursday, August 4th. The shares were 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 $2,185,733. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 20 shares of the firm's stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $2,383.32, for a total transaction of $47,666.40. Following the completion of the transaction, the director now directly owns 565 shares in the company, valued at approximately $1,346,575.80. The disclosure for this sale can be found here. Insiders have sold a total of 42,352 shares of company stock worth $15,690,955 over the last ninety days. Company insiders own 12.99% of the company's stock.