NASDAQ:GOOGL - Alphabet Stock Price, Forecast & News

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

Alphabet declared that its board has initiated a share buyback program on Friday, February 2nd 2018, which authorizes the company to buyback $8,589,870,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Alphabet Inc (NASDAQ:GOOGL) released its earnings results on Monday, October, 28th. The information services provider reported $10.12 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $12.42 by $2.30. The information services provider had revenue of $33.01 billion for the quarter, compared to analysts' expectations of $32.84 billion. Alphabet had a net margin of 21.04% and a return on equity of 18.34%. During the same quarter in the previous year, the firm earned $13.06 earnings per share. 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 analysts have issued 1 year target prices for Alphabet's shares. Their forecasts range from $1,197.00 to $1,700.00. On average, they expect Alphabet's share price to reach $1,457.40 in the next twelve months. This suggests that the stock has a possible downside of 1.8%. 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.

News articles about GOOGL stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Alphabet earned a news sentiment score of 2.0 on InfoTrie's scale. They also gave media stories about the information services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Alphabet.

Alphabet saw a increase in short interest in 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 daily volume of 1,380,000 shares, the days-to-cover 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), Snap (SNAP), Twitter (TWTR), Match Group (MTCH), Zoom Video Communications (ZM), Yandex (YNDX), Trade Desk (TTD), Pinterest (PINS), Line (LN), 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 many different 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 Marathon Asset Management LLP (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 Coronation Fund Managers Ltd..

GOOGL stock was bought by a variety of institutional investors in the last quarter, including Johanson Financial Advisors Inc., Candriam Luxembourg S.C.A., Mercator Fund Cayman Master LP, Marathon Asset Management LLP, Metropolis Capital Ltd, Pennsylvania Trust Co, Zurcher Kantonalbank Zurich Cantonalbank and Chicago Capital 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 $1,484.17.

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]