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 Analysts Forecast Growth

A number of equities analysts recently issued reports on GOOG shares. Canaccord Genuity Group dropped their target price on shares of Alphabet from $175.00 to $165.00 and set a "buy" rating on the stock in a research report on Wednesday, April 27th. JPMorgan Chase & Co. set a $140.00 target price on shares of Alphabet in a research note on Thursday, July 21st. Susquehanna Bancshares dropped their price objective on Alphabet from $187.00 to $150.00 in a report on Wednesday, July 27th. Susquehanna dropped their price objective on Alphabet from $187.00 to $150.00 in a report on Wednesday, July 27th. Finally, Cowen lowered their target price on Alphabet from $300.00 to $150.00 in a research note on Monday, July 25th. One investment analyst has rated the stock with a hold rating and nineteen have given 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 price target of $158.40.

Alphabet Stock Performance

NASDAQ:GOOG opened at $122.88 on Tuesday. The stock's 50-day simple moving average is $156.82 and its 200 day simple moving average is $138.11. The firm has a market capitalization of $1.62 trillion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.98 and a beta of 1.07. The company has a quick ratio of 2.78, a current ratio of 2.81 and a debt-to-equity ratio of 0.06. Alphabet has a twelve month low of $102.21 and a twelve month high of $152.10.

Alphabet (NASDAQ:GOOG - Get Rating) last released its quarterly earnings data on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate 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 earned $27.26 earnings per share. On average, analysts anticipate that Alphabet will post 5.22 EPS for the current fiscal year.

Insider Activity at Alphabet

In related 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 $2,185,733. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider John Kent Walker sold 34,799 shares of Alphabet stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $118.25, for a total transaction of $4,114,981.75. Following the sale, the insider now directly owns 18,484 shares of the company's stock, valued at $2,185,733. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O'toole sold 42 shares of Alphabet stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $2,298.63, for a total value of $96,542.46. Following the sale, the chief accounting officer now directly owns 1,181 shares in the company, valued at $2,714,682.03. The disclosure for this sale can be found here. Insiders have sold 42,852 shares of company stock valued at $15,750,955 over the last ninety days. 12.99% of the stock is owned by corporate insiders.