NASDAQ:GOOGL - Alphabet Stock Price, Forecast & News

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

Alphabet declared that its Board of Directors has initiated a stock repurchase program on Friday, February 2nd 2018, which authorizes the company to buyback $8,589,870,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Alphabet Inc (NASDAQ:GOOGL) issued its earnings results on Monday, October, 28th. The information services provider reported $10.12 earnings per share for the quarter, missing the Zacks' consensus estimate of $12.42 by $2.30. The information services provider earned $33.01 billion during the quarter, compared to analysts' expectations of $32.84 billion. Alphabet had a return on equity of 18.34% and a net margin of 21.04%. During the same quarter in the prior year, the company earned $13.06 EPS. View Alphabet's Earnings History.

Alphabet is scheduled to release their next quarterly earnings announcement on Monday, February 3rd 2020. View Earnings Estimates for Alphabet.

Alphabet will be holding an earnings conference call on Monday, February 3rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

43 brokers have issued 1 year price objectives for Alphabet's shares. Their forecasts range from $1,197.00 to $1,700.00. On average, they anticipate Alphabet's share price to reach $1,454.79 in the next year. This suggests that the stock has a possible downside of 1.7%. View Analyst Price Targets for Alphabet.

43 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alphabet in the last year. There are currently 5 hold ratings and 38 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Alphabet.

Media coverage about GOOGL stock has been trending somewhat positive on Friday, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Alphabet earned a coverage optimism score of 0.7 on InfoTrie's scale. They also assigned news coverage about the information services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Alphabet.

Alphabet saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 3,550,000 shares, an increase of 5.3% from the December 15th total of 3,370,000 shares. Based on an average trading volume of 1,380,000 shares, the short-interest ratio is currently 2.6 days. Approximately 1.2% of the company's stock are short sold. View Alphabet's Current Options Chain.

Some companies that are related to Alphabet include Alphabet (GOOG), Facebook (FB), Baidu (BIDU), IHS Markit (INFO), Twitter (TWTR), Match Group (MTCH), Snap (SNAP), Zoom Video Communications (ZM), Yandex (YNDX), Trade Desk (TTD), Line (LN), Pinterest (PINS), Weibo (WB), FactSet Research Systems (FDS) and 58.com (WUBA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Alphabet investors own include Alibaba Group (BABA), NVIDIA (NVDA), Micron Technology (MU), General Electric (GE), Canopy Growth (CGC), Booking (BKNG), Netflix (NFLX), Tesla (TSLA), Verizon Communications (VZ) and Paypal (PYPL).

Alphabet's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Johanson Financial Advisors Inc. (0.38%), DNB Asset Management AS (0.07%), Assenagon Asset Management S.A. (0.04%), Calamos Advisors LLC (0.03%), Commerzbank Aktiengesellschaft FI (0.03%) and Nisa Investment Advisors LLC (0.02%).

GOOGL stock was sold by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Commerzbank Aktiengesellschaft FI, Tocqueville Asset Management L.P., Meag Munich Ergo Kapitalanlagegesellschaft MBH, Assenagon Asset Management S.A., United Services Automobile Association, Calamos Advisors LLC and Manning & Napier Group LLC.

GOOGL stock was acquired by a variety of institutional investors in the last quarter, including Johanson Financial Advisors Inc., Metropolis Capital Ltd, Pennsylvania Trust Co, Chicago Capital LLC, TIAA FSB, GPM Growth Investors Inc., Red Spruce Capital LLC and Peregrine Capital 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 $1,479.52.

Alphabet has a market capitalization of $1.02 trillion and generates $136.82 billion in revenue each year. The information services provider earns $30.74 billion in net income (profit) each year or $47.51 on an earnings per share basis. Alphabet employs 98,771 workers across the globe.View Additional Information About Alphabet.

The official website for Alphabet is http://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]