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.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GOOG. Susquehanna Bancshares cut their price objective on shares of Alphabet from $187.00 to $150.00 in a report on Wednesday, July 27th. Cowen cut their price target on shares of Alphabet from $300.00 to $150.00 in a report on Monday, July 25th. The Goldman Sachs Group set a $150.00 price target on shares of Alphabet in a report on Wednesday, July 27th. Canaccord Genuity Group lowered their price objective on shares of Alphabet from $175.00 to $165.00 and set a "buy" rating for the company in a research report on Wednesday, April 27th. Finally, Susquehanna lowered their price objective on shares of Alphabet from $187.00 to $150.00 in a research report on Wednesday, July 27th. 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 has a consensus rating of "Moderate Buy" and an average price target of $158.40.

Alphabet Stock Performance

GOOG Stock traded up $1.68 during mid-day trading on Monday, reaching $119.90. The company had a trading volume of 303,408 shares, compared to its average volume of 30,878,225. 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 stock has a market capitalization of $1.58 trillion, a P/E ratio of 21.99, a P/E/G ratio of 1.91 and a beta of 1.07. Alphabet has a one year low of $102.21 and a one year high of $152.10. The stock's 50-day simple moving average is $156.19 and its two-hundred day simple moving average is $138.51.

Alphabet (NASDAQ:GOOG - Get Rating) last posted its earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share (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 in the prior year, the firm earned $27.26 earnings per share. Research analysts anticipate that Alphabet will post 5.22 EPS for the current year.

Insider Activity 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 sale, the director now directly owns 565 shares in the company, valued at $1,346,575.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Alphabet news, Director Ann Mather sold 20 shares of the business's stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $2,383.32, for a total value of $47,666.40. Following the sale, the director now directly owns 565 shares in the company, valued at $1,346,575.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder 2021 Gp L.L.C. Gv purchased 255,647 shares of the company's stock in a transaction on Tuesday, May 10th. The stock was acquired at an average price of $34.65 per share, for a total transaction of $8,858,168.55. Following the completion of the transaction, the insider now owns 479,695 shares of the company's stock, valued at approximately $16,621,431.75. The disclosure for this purchase 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. 12.99% of the stock is currently owned by corporate insiders.