NASDAQ:GOOGLAlphabet Stock Price, Forecast & News

Alphabet's stock was trading at $1,210.90 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, GOOGL stock has increased by 24.5% and is now trading at $1,507.24.
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43 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alphabet in the last year. There are currently 3 hold ratings and 40 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Alphabet is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
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Alphabet Inc (NASDAQ:GOOGL) released its quarterly earnings results on Thursday, July, 30th. The information services provider reported $10.13 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $8.43 by $1.70. The information services provider had revenue of $31.60 billion for the quarter, compared to analyst estimates of $30.58 billion. Alphabet had a net margin of 18.99% and a return on equity of 15.62%.
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43 equities research analysts have issued 1-year price objectives for Alphabet's stock. Their forecasts range from $1,400.00 to $1,850.00. On average, they anticipate Alphabet's share price to reach $1,663.26 in the next twelve months. This suggests a possible upside of 10.4% from the stock's current price.
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Media headlines about GOOGL stock have trended extremely negative on Thursday, InfoTrie reports. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Alphabet earned a daily sentiment score of -4.1 on InfoTrie's scale. They also assigned news articles about the information services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future.
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Alphabet saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 3,130,000 shares, a decrease of 11.8% from the December 31st total of 3,550,000 shares. Based on an average daily volume of 1,460,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.1% of the shares of the company are sold short.
View Alphabet's Short Interest.

Some companies that are related to Alphabet include Alphabet (GOOG), Facebook (FB), Zoom Video Communications (ZM), Baidu (BIDU), IHS Markit (INFO), Snap (SNAP), Twitter (TWTR), Trade Desk (TTD), Pinterest (PINS), Yandex (YNDX), FactSet Research Systems (FDS), Wix.Com (WIX), Line (LN), GDS (GDS) and Livongo Health (LVGO).
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Alphabet trades on the NASDAQ under the ticker symbol "GOOGL."

Alphabet's stock is owned by many different institutional and retail investors. Top institutional shareholders include Bank of New York Mellon Corp (0.52%), Jennison Associates LLC (0.23%), Fisher Asset Management LLC (0.22%), Sumitomo Mitsui Trust Holdings Inc. (0.18%), Swiss National Bank (0.17%) and Alecta Pensionsforsakring Omsesidigt (0.15%).

GOOGL stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, California Public Employees Retirement System, Alleghany Corp DE, Diamond Hill Capital Management Inc., Bank of Nova Scotia, Platinum Investment Management Ltd., Achmea Investment Management B.V., and Russell Investments Group Ltd..

GOOGL stock was purchased by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, First Trust Advisors LP, SG Americas Securities LLC, State of Wisconsin Investment Board, Rovida Advisors Inc., Principal Financial Group Inc., Teacher Retirement System of Texas, and Fisher Asset Management LLC.

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

One share of GOOGL stock can currently be purchased for approximately $1,507.24.

Alphabet has a market capitalization of $1.03 trillion and generates $161.86 billion in revenue each year. The information services provider earns $34.34 billion in net income (profit) each year or $51.56 on an earnings per share basis. Alphabet employs 118,899 workers across the globe.

The official website for Alphabet is www.abc.xyz.

Alphabet's mailing address is 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA, 94043. The information services provider can be reached via phone at 650-253-0000 or via email at [email protected]