NASDAQ:GOOGLAlphabet Stock Price, Forecast & News

Alphabet's stock was trading at $1,210.90 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, GOOGL stock has increased by 24.3% and is now trading at $1,504.63.
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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 earnings per share for the quarter, beating the Zacks' 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 return on equity of 15.62% and a net margin of 18.99%.
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43 equities research analysts have issued 12-month target prices for Alphabet's stock. Their forecasts range from $1,400.00 to $1,850.00. On average, they expect Alphabet's share price to reach $1,663.26 in the next year. This suggests a possible upside of 10.5% from the stock's current price.
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News headlines about GOOGL stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press 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 nearest to five being the most favorable. Alphabet earned a news impact score of -2.7 on InfoTrie's scale. They also assigned news stories about the information services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days.
View the latest news about Alphabet.

Alphabet saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 3,130,000 shares, a drop of 11.8% from the December 31st total of 3,550,000 shares. Based on an average trading volume of 1,460,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.1% of the company's shares are short sold.
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), Wix.Com (WIX), FactSet Research Systems (FDS), 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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.44%), BlackRock Inc. (3.02%), FMR LLC (1.81%), Bank of New York Mellon Corp (0.52%), Jennison Associates LLC (0.23%) and Fisher Asset Management LLC (0.22%).

GOOGL stock was sold by a variety of institutional investors in the last quarter, including Advisor Group Holdings Inc., FMR LLC, Toronto Dominion Bank, Vanguard Group Inc., California Public Employees Retirement System, Alleghany Corp DE, Diamond Hill Capital Management Inc., and Bank of Nova Scotia.

GOOGL stock was purchased by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, BlackRock Inc., Bank of New York Mellon Corp, APG Asset Management N.V., First Trust Advisors LP, SG Americas Securities LLC, Altarock Partners LLC, and Johnson Investment Counsel Inc..

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 $1,504.63.

Alphabet has a market capitalization of $1.02 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]