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MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
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Alphabet - GOOGL Stock Forecast, Price & News

$121.68
+2.84 (+2.39%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$119.46
$121.68
50-Day Range
$105.02
$2,235.55
52-Week Range
$101.88
$151.55
Volume
19.10 million shs
Average Volume
33.26 million shs
Market Capitalization
$1.60 trillion
P/E Ratio
22.64
Dividend Yield
N/A
Price Target
$146.81

Alphabet MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.92 Rating Score
Upside/​Downside
20.7% Upside
$146.81 Price Target
Short Interest
Healthy
0.36% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.21mentions of Alphabet in the last 14 days
Based on 27 Articles This Week
Insider Trading
Selling Shares
$15.75 M Sold Last Quarter
Proj. Earnings Growth
11.88%
From $5.22 to $5.84 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.73 out of 5 stars

Computer And Technology Sector

113th out of 659 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

10th out of 66 stocks

GOOGL stock logo

About Alphabet (NASDAQ:GOOGL) Stock

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.

Alphabet Trading Up 2.4 %

Shares of GOOGL traded up $2.84 during midday trading on Friday, hitting $121.68. 19,036,416 shares of the stock were exchanged, compared to its average volume of 37,823,523. Alphabet has a 52-week low of $101.88 and a 52-week high of $151.55. The stock has a fifty day simple moving average of $155.57 and a 200 day simple moving average of $137.57. The firm has a market cap of $1.60 trillion, a P/E ratio of 22.64, a P/E/G ratio of 1.93 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.78 and a current ratio of 2.81.

Alphabet (NASDAQ:GOOGL - 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 $1.32 by ($0.11). 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 business earned $27.26 EPS. On average, research analysts anticipate that Alphabet will post 5.22 EPS for the current fiscal year.

Analysts Set New Price Targets

GOOGL has been the topic of several recent research reports. Itau BBA Securities initiated coverage on Alphabet in a research note on Tuesday, July 26th. They issued a "market perform" rating and a $113.00 price objective on the stock. Evercore ISI cut their target price on Alphabet from $155.50 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, July 27th. Oppenheimer cut their target price on Alphabet to $155.00 and set an "outperform" rating for the company in a research report on Wednesday, July 27th. Barclays cut their target price on Alphabet from $160.00 to $150.00 and set an "overweight" rating for the company in a research report on Tuesday, July 5th. Finally, MKM Partners cut their price target on Alphabet from $165.00 to $140.00 and set a "buy" rating for the company in a report on Monday, July 18th. Five research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $147.36.

Insider Activity

In other news, Director Ann Mather sold 20 shares of the stock in a transaction on Monday, June 27th. The stock was 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 legal filing with the SEC, which can be accessed through this hyperlink. In other Alphabet news, Director Ann Mather sold 20 shares of the firm's stock in a transaction on Monday, June 27th. The stock was 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder 2021 Gp L.L.C. Gv purchased 13,528 shares of the business's stock in a transaction on Tuesday, May 24th. The stock was acquired at an average price of $33.72 per share, for a total transaction of $456,164.16. Following the completion of the purchase, the insider now owns 593,402 shares of the company's stock, valued at $20,009,515.44. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 42,852 shares of company stock worth $15,750,955. Corporate insiders own 11.44% of the company's stock.

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GOOGL Stock News Headlines

FTC looking at rules to corral tech firms' data collection
Whether it's the fitness tracker on your wrist, the “smart” home appliances in your house or the latest kids’ fad going viral in online videos, they all produce a trove of personal data for big tech companies
EXPLAINER: Online privacy in a post-Roe world
With abortion now or soon to be illegal in over a dozen states and severely restricted in many more, Big Tech companies that collect personal details of their users are facing new calls to limit that tracking and surveillance
Twitter's Up For Third Week In A Row: What's Next For The Stock? (GOOGL)
While the media is captivated by the upcoming trial between Twitter and Elon Musk the stock has risen three weeks. What’s next for the little blue bird?
MarketBeat: Week in Review 7/25 – 7/29 (GOOGL)
The markets are rallying as big tech earnings are lifting investors' spirits. Here are some of the stocks our analysts were looking at this week.
Is Google The Buy Of The Summer?
It’s been an unpredictable kind of year for most companies, and Alphabet (NASDAQ: GOOGL), is no exception. Is it suddenly becoming an obvious buy though?
Occidental Petroleum Leads Exxon Mobil, Chevron Ahead Of Earnings (GOOGL)
Like Exxon Mobil , Chevron, and other oil-and-gas producers, Occidental Petroleum (NYSE: OXY) has been forming a potentially constructive consolidation,
C3.AI Stock is a Bargain Enterprise Artificial Intelligence Game Changer (GOOGL)
Enterprise artificial intelligence application software company C3.AI (NYSE: AI) stock has been crushed (-42%) for the year.
Facebook parent Meta posts first revenue decline in history
Facebook and Instagram’s parent company Meta posted its first revenue decline in history Thursday, dragged by a drop in ad spending as the economy falters — and as competition from rival TikTok intensifies
Why Amazon and Alphabet are Post-Split Buys (GOOGL)
From time to time a company decides to enact a stock-split to make it more affordable to the masses. In recent weeks, these two companies did just that—and effectively invited investors to come along for the ride.
How to buy Alphabet stock (GOOGL) - Yahoo Finance UK
Google back up after brief outage - Downdetector
Two-Minute Drill: GOOGL & NKE
See More Headlines
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GOOGL Company Calendar

Last Earnings
7/26/2022
Today
8/13/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Current Symbol
NASDAQ:GOOGL
Employees
156,500
Year Founded
2015

Price Target and Rating

Average Stock Price Forecast
$146.81
High Stock Price Forecast
$186.00
Low Stock Price Forecast
$113.00
Forecasted Upside/Downside
+20.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92
Research Coverage
38 Analysts

Profitability

Net Income
$76.03 billion
Pretax Margin
30.71%

Debt

Sales & Book Value

Annual Sales
$257.64 billion
Cash Flow
$6.85 per share
Book Value
$19.39 per share

Miscellaneous

Outstanding Shares
13,170,000,000
Free Float
11,663,350,000
Market Cap
$1.60 trillion
Optionable
Optionable
Beta
1.08

Social Links















GOOGL Stock - Frequently Asked Questions

Should I buy or sell Alphabet stock right now?

38 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alphabet in the last twelve months. There are currently 4 hold ratings, 33 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GOOGL shares.
View GOOGL analyst ratings
or view top-rated stocks.

What is Alphabet's stock price forecast for 2022?

38 brokers have issued 1 year price targets for Alphabet's shares. Their GOOGL share price forecasts range from $113.00 to $186.00. On average, they expect the company's share price to reach $146.81 in the next twelve months. This suggests a possible upside of 20.7% from the stock's current price.
View analysts price targets for GOOGL
or view top-rated stocks among Wall Street analysts.

How have GOOGL shares performed in 2022?

Alphabet's stock was trading at $144.8520 at the beginning of 2022. Since then, GOOGL shares have decreased by 16.0% and is now trading at $121.68.
View the best growth stocks for 2022 here
.

When is Alphabet's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our GOOGL earnings forecast
.

How were Alphabet's earnings last quarter?

Alphabet Inc. (NASDAQ:GOOGL) released its earnings results on Tuesday, July, 26th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by $0.11. Alphabet had a trailing twelve-month return on equity of 28.65% and a net margin of 25.89%. During the same quarter in the prior year, the company posted $27.26 EPS.
Read the conference call transcript
.

When did Alphabet's stock split?

Shares of Alphabet split on the morning of Monday, July 18th 2022. The 20-1 split was announced on Tuesday, February 1st 2022. The newly created shares were payable 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.

What is Alphabet's stock symbol?

Alphabet trades on the NASDAQ under the ticker symbol "GOOGL."

Who are Alphabet's major shareholders?

Alphabet's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Fiera Capital Corp (0.14%), FMR LLC (0.09%), Northern Trust Corp (0.03%), Jennison Associates LLC (0.01%), Swiss National Bank (0.01%) and Lazard Asset Management LLC (0.01%). Insiders that own company stock include 2016 Gp LLC Gv, 2021 Gp LLC Gv, Amie Thuener O'toole, Ann Mather, Brin Sergey, Frances Arnold, John Kent Walker, John L Hennessy, Lawrence Page, Philipp Schindler and Prabhakar Raghavan.
View institutional ownership trends
.

How do I buy shares of Alphabet?

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

What is Alphabet's stock price today?

One share of GOOGL stock can currently be purchased for approximately $121.68.

How much money does Alphabet make?

Alphabet (NASDAQ:GOOGL) has a market capitalization of $1.60 trillion and generates $257.64 billion in revenue each year. The information services provider earns $76.03 billion in net income (profit) each year or $5.3750 on an earnings per share basis.

How many employees does Alphabet have?

The company employs 156,500 workers across the globe.

When was Alphabet founded?

Alphabet was founded in 2015.

How can I contact Alphabet?

Alphabet's mailing address is 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA, 94043. The official website for the company is www.abc.xyz. The information services provider can be reached via phone at (650) 253-0000, via email at investor-relations@abc.xyz, or via fax at 650-253-0001.

This page (NASDAQ:GOOGL) was last updated on 8/13/2022 by MarketBeat.com Staff

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