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Alphabet (GOOGL) Stock Price, News & Analysis

Alphabet logo
$189.82 -2.14 (-1.11%)
(As of 12/13/2024 ET)

About Alphabet Stock (NASDAQ:GOOGL)

Key Stats

Today's Range
$189.64
$192.73
50-Day Range
$161.86
$195.40
52-Week Range
$129.68
$195.61
Volume
25.11 million shs
Average Volume
27.40 million shs
Market Capitalization
$2.32 trillion
P/E Ratio
25.18
Dividend Yield
0.42%
Price Target
$206.08
Consensus Rating
Moderate Buy

Company Overview

Alphabet Inc. is the parent company of a host of technology services that include the iconic Google search engine and all the associated apps that go with it. The company is the G in the FAANG stock acronym and a blue-chip operator of Internet infrastructure. The company was founded on September 4 1998 by Larry Page and Sergey Brin while the two were Ph.D. students at Stanford.

The original product was a tool for searching the rapidly growing Internet that revolutionized the budding Search Engine industry. Since its founding, Google has become the world’s premier and leading search engine commanding an estimated 86% of the search market in 2021. The company abruptly changed its name and operating structure in 2015 making it a parent company with Google a subsidiary. This provided some protection against anti-trust lawsuits, improved accounting, and allowed the company to expand into areas outside of search.

Alphabet provides various products and platforms globally, where it is permitted, and operates in three broad segments. The three operating segments are Google Services, Google Cloud, and Other Bets. The company is headquartered in Mountain View, California, and is located within a sprawling complex of modernized and new buildings called the Googleplex. The Googleplex is prominently located within the San Francisco Bay Area and is the company’s largest complex. Employees working in the Googleplex are afforded free transportation on the company’s shuttle bus system as well as other ground-breaking perks.

The Google Services segment is the core of the business. Google Services is built around the Google Search Engine and offers products and services to both businesses and consumers. Among the many revenue streams are search-related ad sales, Android operating system for mobile devices, Chrome web browser, assorted hardware, Gmail email accounts, Google Drive cloud-based office suite, Google Maps mapping, geolocation, and GPS tools as well as Google Photos, Google Play, and YouTube which it leverages in a variety of ways. Other revenue streams include apps and in-app sales via the Google Play store, the sale of Fitbit devices, and Google Nest smart-home products.

The Google Cloud segment is the less visible of the two major operating segments but is no less important to the infrastructure of the Internet or the company’s bottom line. The Google Cloud segment offers cloud-based infrastructure, operating platforms, and other services for business as well as a suite of cloud-based products of its own. The Google Workspace includes project management and collaboration tools such as Docs, Drive, Calendar, and Meet. Google cloud services account for roughly 9% of the global cloud market share making it the 3rd largest operator.

The Other Bets segment is Alphabet’s venture capital arm and it invests in technologies of all kinds and at all stages of development. Some of the projects under the Other Bets umbrella include Waymo and Verily. Waymo was formerly known as Google’s self-driving car project and is focused on self-driving vehicles and related technologies. Verily is focused on the healthcare sector and aims to help detect, prevent, and manage diseases.

 

Alphabet Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
76th Percentile Overall Score

GOOGL MarketRank™: 

Alphabet scored higher than 76% of companies evaluated by MarketBeat, and ranked 237th out of 657 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Alphabet has received a consensus rating of Moderate Buy. The company's average rating score is 2.93, and is based on 31 buy ratings, 7 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Alphabet has been the subject of 24 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Alphabet's stock forecast and price target.
  • Earnings Growth

    Earnings for Alphabet are expected to grow by 11.24% in the coming year, from $8.01 to $8.91 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Alphabet is 25.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.61.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Alphabet is 25.18, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 262.99.

  • Price to Earnings Growth Ratio

    Alphabet has a PEG Ratio of 1.39. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Alphabet has a P/B Ratio of 8.33. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    0.57% of the outstanding shares of Alphabet have been sold short.
  • Short Interest Ratio / Days to Cover

    Alphabet has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Alphabet has recently increased by 1.62%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Alphabet has a dividend yield of 0.41%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Alphabet does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Alphabet is 10.61%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Alphabet will have a dividend payout ratio of 8.98% next year. This indicates that Alphabet will be able to sustain or increase its dividend.

  • Read more about Alphabet's dividend.
  • Percentage of Shares Shorted

    0.57% of the outstanding shares of Alphabet have been sold short.
  • Short Interest Ratio / Days to Cover

    Alphabet has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Alphabet has recently increased by 1.62%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Alphabet has a news sentiment score of 1.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 189 news articles for Alphabet this week, compared to 81 articles on an average week.
  • Search Interest

    Only 291 people have searched for GOOGL on MarketBeat in the last 30 days. This is a decrease of -58% compared to the previous 30 days.
  • MarketBeat Follows

    574 people have added Alphabet to their MarketBeat watchlist in the last 30 days. This is an increase of 17% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Alphabet insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $34,413,006.00 in company stock.

  • Percentage Held by Insiders

    11.55% of the stock of Alphabet is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    40.03% of the stock of Alphabet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Alphabet's insider trading history.
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GOOGL Stock News Headlines

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See More Headlines

GOOGL Stock Analysis - Frequently Asked Questions

Alphabet's stock was trading at $139.69 on January 1st, 2024. Since then, GOOGL shares have increased by 35.9% and is now trading at $189.82.
View the best growth stocks for 2024 here
.

Alphabet Inc. (NASDAQ:GOOGL) released its quarterly earnings results on Tuesday, October, 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. The information services provider had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a trailing twelve-month return on equity of 31.66% and a net margin of 27.74%.
Read the conference call transcript
.

Alphabet shares split before market open on Monday, July 18th 2022. The 20-1 split was announced on Tuesday, February 1st 2022. The newly minted shares were distributed to shareholders after the market closes on Friday, July 15th 2022. An investor that had 100 shares of stock prior to the split would have 2,000 shares after the split.

Top institutional investors of Alphabet include FMR LLC (1.85%), State Street Corp (1.82%), Geode Capital Management LLC (1.09%) and Wellington Management Group LLP (0.47%). Insiders that own company stock include Lawrence Page, Brin Sergey, 2021 Gp LLC Gv, Sundar Pichai, Ruth Porat, Prabhakar Raghavan, Kavitark Ram Shriram, Philipp Schindler, John Kent Walker, Amie Thuener O'toole, John L Hennessy, Ann Mather, 2019 Gp LLC Gv, 2017 Gp LLC Gv and 2016 Gp LLC Gv.
View institutional ownership trends
.

Shares of GOOGL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

Ex-Dividend for 9/16 Dividend
9/09/2024
Dividend Payable
9/16/2024
Last Earnings
10/29/2024
Ex-Dividend for 12/16 Dividend
12/09/2024
Today
12/13/2024
Dividend Payable
12/16/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
Computer Software
Current Symbol
NASDAQ:GOOGL
Employees
182,502
Year Founded
2015

Price Target and Rating

Average Stock Price Target
$206.08
High Stock Price Target
$240.00
Low Stock Price Target
$165.00
Potential Upside/Downside
+8.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.93
Research Coverage
42 Analysts

Profitability

Net Income
$73.80 billion
Pretax Margin
32.95%

Debt

Sales & Book Value

Annual Sales
$307.39 billion
Cash Flow
$6.70 per share
Book Value
$22.79 per share

Miscellaneous

Outstanding Shares
12,241,000,000
Free Float
10,827,165,000
Market Cap
$2.32 trillion
Optionable
Optionable
Beta
1.01

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This page (NASDAQ:GOOGL) was last updated on 12/14/2024 by MarketBeat.com Staff
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