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.

Alphabet Stock Down 0.3 %

GOOGL opened at $121.70 on Wednesday. Alphabet has a 12 month low of $101.88 and a 12 month high of $151.55. The stock has a market cap of $1.60 trillion, a P/E ratio of 22.64, a P/E/G ratio of 1.97 and a beta of 1.08. The stock's 50 day moving average price is $155.91 and its 200 day moving average price is $137.46. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 2.78.

Alphabet (NASDAQ:GOOGL - Get Rating) last issued its quarterly earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate 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 last year, the firm earned $27.26 EPS. As a group, research analysts predict that Alphabet will post 5.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GOOGL. Guggenheim lowered their target price on Alphabet to $130.00 and set an "outperform" rating for the company in a research note on Wednesday, July 27th. Itaú Unibanco began coverage on Alphabet in a research note on Tuesday, July 26th. They issued a "market perform" rating and a $113.00 target price for the company. William Blair reiterated an "outperform" rating on shares of Alphabet in a research note on Wednesday, July 27th. BNP Paribas lowered Alphabet from an "outperform" rating to a "neutral" rating and set a $118.00 target price for the company. in a research note on Wednesday, July 20th. Finally, Susquehanna reduced their price target on Alphabet from $187.50 to $150.00 and set a "positive" rating for the company in a report on Wednesday, July 27th. Five 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.36.

Insider Activity

In related news, major shareholder 2021 Gp L.L.C. Gv acquired 13,528 shares of Alphabet stock in a transaction dated Tuesday, May 24th. The stock was acquired at an average cost of $33.72 per share, with a total value of $456,164.16. Following the purchase, the insider now directly owns 593,402 shares in the company, valued at approximately $20,009,515.44. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder 2021 Gp L.L.C. Gv acquired 13,528 shares of Alphabet stock in a transaction dated Tuesday, May 24th. The stock was acquired at an average cost of $33.72 per share, with a total value of $456,164.16. Following the purchase, the insider now directly owns 593,402 shares in the company, valued at approximately $20,009,515.44. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 42 shares of the firm's stock in a transaction 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 sale, the chief accounting officer now directly owns 1,181 shares of the company's stock, valued at $2,714,682.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,852 shares of company stock worth $15,750,955. 11.44% of the stock is owned by company insiders.