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

GOOGL has been the topic of several analyst reports. Susquehanna dropped their price target on shares of Alphabet from $187.50 to $150.00 and set a "positive" rating on the stock in a research note on Wednesday, July 27th. Barclays dropped their target price on shares of Alphabet from $160.00 to $150.00 and set an "overweight" rating on the stock in a report on Tuesday, July 5th. William Blair reiterated an "outperform" rating on shares of Alphabet in a research report on Wednesday, July 27th. Credit Suisse Group reduced their price target on shares of Alphabet from $143.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 27th. Finally, Wells Fargo & Company dropped their target price on shares of Alphabet from $170.00 to $160.00 and set an "overweight" rating for the company in a research note on Wednesday, July 27th. 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 stock. According to MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.36.

Alphabet Price Performance

Shares of Alphabet stock opened at $118.84 on Friday. The company has a quick ratio of 2.78, a current ratio of 2.81 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.57 trillion, a PE ratio of 22.11, a P/E/G ratio of 1.88 and a beta of 1.08. The business has a 50 day moving average of $155.54 and a 200 day moving average of $137.65. Alphabet has a 52 week low of $101.88 and a 52 week high of $151.55.

Alphabet (NASDAQ:GOOGL - Get Rating) last announced its earnings results on Tuesday, July 26th. The information services provider reported $1.21 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 period in the prior year, the company posted $27.26 EPS. As a group, equities research analysts forecast that Alphabet will post 5.22 earnings per share for the current year.

Insider Activity

In related news, major shareholder 2021 Gp L.L.C. Gv purchased 13,528 shares of Alphabet stock in a transaction dated Tuesday, May 24th. The stock was purchased at an average cost of $33.72 per share, for a total transaction of $456,164.16. Following the completion of the acquisition, the insider now directly owns 593,402 shares of the company's stock, valued at $20,009,515.44. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In related 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 transaction of $47,666.40. Following the sale, the director now directly owns 565 shares of the company's stock, valued at $1,346,575.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder 2021 Gp L.L.C. Gv acquired 13,528 shares of the company's stock in a transaction that occurred on Tuesday, May 24th. The shares were acquired at an average cost of $33.72 per share, for a total transaction of $456,164.16. Following the completion of the transaction, the insider now directly owns 593,402 shares of the company's stock, valued at $20,009,515.44. The disclosure for this purchase can be found here. Insiders sold 42,852 shares of company stock worth $15,750,955 over the last three months. 11.44% of the stock is currently owned by corporate insiders.