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 Up 1.4 %

GOOGL Stock traded up $1.61 during mid-day trading on Monday, reaching $119.08. The company had a trading volume of 305,208 shares, compared to its average volume of 38,082,672. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 2.78. The stock has a 50 day simple moving average of $155.27 and a two-hundred day simple moving average of $138.02. The company has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 21.85, a PEG ratio of 1.90 and a beta of 1.08. Alphabet has a 52 week low of $101.88 and a 52 week high of $151.55.

Alphabet (NASDAQ:GOOGL - Get Rating) last released its quarterly earnings data 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 period last year, the firm earned $27.26 earnings per share. As a group, equities analysts predict that Alphabet will post 5.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several analyst reports. Itaú Unibanco initiated coverage on Alphabet in a report on Tuesday, July 26th. They issued a "market perform" rating and a $113.00 target price for the company. Wells Fargo & Company reduced their target price on Alphabet from $170.00 to $160.00 and set an "overweight" rating for the company in a report on Wednesday, July 27th. Guggenheim reduced their target price on Alphabet to $130.00 and set an "outperform" rating for the company in a report on Wednesday, July 27th. Susquehanna cut 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. Finally, Oppenheimer cut their price target on Alphabet to $155.00 and set an "outperform" rating for the company in a report on Wednesday, July 27th. Five equities research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $147.36.

Insider Buying and Selling

In related news, SVP Prabhakar Raghavan sold 1,109 shares of Alphabet stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total transaction of $2,402,914.66. Following the completion of the sale, the senior vice president now directly owns 1,608 shares of the company's stock, valued at approximately $3,484,117.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Alphabet news, CAO Amie Thuener O'toole sold 42 shares of Alphabet 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 completion of the transaction, the chief accounting officer now directly owns 1,181 shares of the company's stock, valued at approximately $2,714,682.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Prabhakar Raghavan sold 1,109 shares of Alphabet stock in a transaction on Friday, July 1st. The shares were sold at an average price of $2,166.74, for a total value of $2,402,914.66. Following the completion of the transaction, the senior vice president now directly owns 1,608 shares of the company's stock, valued at $3,484,117.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,352 shares of company stock valued at $15,690,955. Insiders own 11.44% of the company's stock.