About Alphabet (NASDAQ:GOOG)
Alphabet Inc. is a holding company. The Company's businesses include Google Inc. (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company's segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives. The Google segment is engaged in advertising, sales of digital content, applications and cloud offerings, and sales of hardware products. The Other Bets segment is engaged in the sales of Internet and television services through Google Fiber, sales of Nest products and services, and licensing and research and development (R&D) services through Verily. It offers Google Assistant, which allows users to type or talk with Google; Google Maps, which helps users navigate to a store, and Google Photos, which helps users store and organize all of their photos.
Industry, Sector and Symbol
Industry Search Engines
Trailing P/E Ratio34.1059190031153
Forward P/E RatioInfinity
Sales & Book Value
Annual Sales$110.86 billion
Price / Sales6.86
Cash Flow$42.37 per share
Price / Cash25.84
Book Value$219.50 per share
Price / Book4.99
Net Income$12.66 billion
Return on Equity14.94%
Return on Assets12.20%
Alphabet (NASDAQ:GOOG) Frequently Asked Questions
What is Alphabet's stock symbol?
Alphabet trades on the NASDAQ under the ticker symbol "GOOG."
When did Alphabet's stock split? How did Alphabet's stock split work?
Alphabet shares split on the morning of Thursday, April 3rd 2014. The 2-1 split was announced on Monday, February 10th 2014. The newly issued shares were distributed to shareholders after the closing bell on Wednesday, April 2nd 2014. An investor that had 100 shares of Alphabet stock prior to the split would have 200 shares after the split.
How will Alphabet's stock buyback program work?
Alphabet declared that its board has initiated a stock buyback plan on Friday, February 2nd 2018, which permits the company to repurchase $8,589,870,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its shares are undervalued.
How were Alphabet's earnings last quarter?
Alphabet Inc (NASDAQ:GOOG) released its earnings results on Thursday, February, 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $10.07 by $0.37. The information services provider earned $32.32 billion during the quarter, compared to analyst estimates of $31.88 billion. Alphabet had a return on equity of 14.94% and a net margin of 11.42%. The firm's quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter last year, the business posted $9.36 earnings per share. View Alphabet's Earnings History.
When will Alphabet make its next earnings announcement?
Where is Alphabet's stock going? Where will Alphabet's stock price be in 2018?
42 brokers have issued twelve-month price objectives for Alphabet's stock. Their predictions range from $725.00 to $1,300.00. On average, they anticipate Alphabet's stock price to reach $1,064.32 in the next twelve months. View Analyst Ratings for Alphabet.
What are Wall Street analysts saying about Alphabet stock?
Here are some recent quotes from research analysts about Alphabet stock:
- 1. Wells Fargo & Co analysts commented, "durable growth engines" and fully addresses the needs of marketers."We believe additional user signals provided by mobile device adoption, expanded targeting options and improvements in measurement are key drivers for increasing search and YouTube ad productivity," the analyst added.Meanwhile, paid click growth showed an "impressive" 61 percent gain on a year-over-year basis and a 15 percent sequential growth within the Google operated properties, Stabler continued. In addition, YouTube saw notable strength despite an ad controversy which appears to have posed no impact on the results.On the other hand, Alphabet did report a higher-than-expected traffic acquisition cost, but this shouldn't be of concern to investors. At the end of the day, Google maintains its status as being well-positioned to continue gaining market share in the online advertising space, and the adoption of machine learning technologies will result in efficiency improvements for marketers.Finally, Alphabet still has many levers for future growth, including YouTube, local, Cloud and hardware sales.Canaccord: Solid Quarter But Don't Don't BuyCanaccord Genuity's Michael Graham maintains a Hold rating on Alphabet's stock with an unchanged $1,000 price target despite the company's "solid" earnings report in which core revenue growth of 19.6 percent was "fairly close" enough to the "psychologically important 20 percent level."Looking forward, Alphabet's third quarter will mark an "important test" as this represents the anniversary in which mobile ad slots started rolling out in 2015 and 2016.Finally, Alphabet may have a gross margin problem in which fast-growing segments boasts lower gross margin structures. For example, the mobile search's gross margin is modeled to be at 60 percent, YouTube is modeled at less than 40 percent and programmatic at less than 20 percent. These figures fall short of the company average of 62 percent over the past three years and 60 percent in the second quarter."We believe these trends are likely to persist for the foreseeable future, and while we applaud the increased gross profit dollars they bring, we note that this headwind makes raising EPS estimates more difficult," (7/22/2017)
- 2. Mizuho analysts commented, "We think there is minimal near-