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.

Analyst Ratings Changes

Several research firms have recently commented on GOOG. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Alphabet from $157.50 to $145.00 in a research report on Wednesday, April 27th. Itau BBA Securities assumed coverage on shares of Alphabet in a research note on Tuesday, July 26th. They set a "market perform" rating on the stock. Cowen dropped their price target on shares of Alphabet from $300.00 to $150.00 in a research note on Monday, July 25th. Wedbush reiterated an "outperform" rating on shares of Alphabet in a research note on Wednesday, April 20th. Finally, Piper Sandler decreased their price target on shares of Alphabet from $139.00 to $135.00 and set an "overweight" rating on the stock in a report on Wednesday, July 27th. One analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $158.40.

Alphabet Price Performance

GOOG Stock traded down $0.50 during midday trading on Monday, reaching $122.15. The stock had a trading volume of 72,827 shares, compared to its average volume of 30,632,613. The company's fifty day simple moving average is $156.70 and its 200 day simple moving average is $138.18. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.61 trillion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 1.98 and a beta of 1.07. Alphabet has a 52-week low of $102.21 and a 52-week high of $152.10.

Alphabet (NASDAQ:GOOG - Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The information services provider reported $1.21 EPS for the quarter, missing the consensus estimate of $26.24 by ($25.03). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. During the same period in the previous year, the firm posted $27.26 EPS. As a group, sell-side analysts predict that Alphabet will post 5.22 earnings per share for the current fiscal year.

Insider Transactions at Alphabet

In other news, SVP Prabhakar Raghavan sold 1,109 shares of the stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total value of $2,402,914.66. Following the completion of the sale, the senior vice president now owns 1,608 shares in the company, valued at $3,484,117.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director John L. Hennessy sold 500 shares of Alphabet stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $120.00, for a total value of $60,000.00. Following the transaction, the director now directly owns 34,760 shares in the company, valued at approximately $4,171,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 1,109 shares of Alphabet stock in a transaction on Friday, July 1st. The shares were sold at an average price of $2,166.74, for a total value of $2,402,914.66. Following the transaction, the senior vice president now owns 1,608 shares in the company, valued at approximately $3,484,117.92. The disclosure for this sale can be found here. Insiders have sold a total of 42,852 shares of company stock worth $15,750,955 in the last three months. 12.99% of the stock is currently owned by company insiders.