Alphabet - GOOGL Stock Forecast, Price & News

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.

Analyst Ratings Changes

Several equities research analysts have weighed in on GOOGL shares. Stifel Nicolaus set a $155.00 price objective on shares of Alphabet in a research report on Monday, July 18th. Barclays lowered their price target on shares of Alphabet from $160.00 to $150.00 and set an "overweight" rating for the company in a research report on Tuesday, July 5th. Tigress Financial lifted their price target on shares of Alphabet from $183.00 to $186.00 and gave the stock a "strong-buy" rating in a research report on Wednesday. William Blair reiterated an "outperform" rating on shares of Alphabet in a research report on Wednesday, July 27th. Finally, Guggenheim lowered their price target on shares of Alphabet to $130.00 and set an "outperform" rating for the company in a research report on Wednesday, July 27th. Five research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and an average price target of $147.36.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL traded down $0.72 on Friday, hitting $117.47. The company had a trading volume of 19,159,520 shares, compared to its average volume of 36,638,084. The stock has a 50 day moving average price of $155.27 and a 200 day moving average price of $137.98. The stock has a market cap of $1.55 trillion, a price-to-earnings ratio of 21.85, a P/E/G ratio of 1.90 and a beta of 1.08. Alphabet has a 1-year low of $101.88 and a 1-year high of $151.55. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGL - Get Rating) last announced its earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by ($0.11). Alphabet had a net margin of 25.89% and a return on equity of 28.65%. During the same quarter in the prior year, the firm posted $27.26 earnings per share. Analysts expect that Alphabet will post 5.22 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder 2021 Gp L.L.C. Gv acquired 255,647 shares of the business's stock in a transaction that occurred on Tuesday, May 10th. The stock was acquired at an average price of $34.65 per share, with a total value of $8,858,168.55. Following the completion of the transaction, the insider now directly owns 479,695 shares of the company's stock, valued at approximately $16,621,431.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Amie Thuener O'toole sold 42 shares of the company's stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $2,298.63, for a total value of $96,542.46. Following the completion of the transaction, the chief accounting officer now owns 1,181 shares of the company's stock, valued at $2,714,682.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder 2021 Gp L.L.C. Gv acquired 255,647 shares of the stock in a transaction dated Tuesday, May 10th. The stock was purchased at an average cost of $34.65 per share, with a total value of $8,858,168.55. Following the purchase, the insider now directly owns 479,695 shares of the company's stock, valued at $16,621,431.75. The disclosure for this purchase can be found here. Insiders sold 42,383 shares of company stock valued at $15,761,666 over the last quarter. 11.44% of the stock is owned by company insiders.