NASDAQ:GOOGL - Alphabet Stock Price, News, & Analysis

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

Alphabet declared that its Board of Directors has initiated a share buyback program on Friday, February 2nd 2018, which authorizes the company to buyback $8,589,870,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Alphabet Inc (NASDAQ:GOOGL) released its quarterly earnings results on Monday, February, 4th. The information services provider reported $12.77 earnings per share for the quarter, beating the consensus estimate of $11.08 by $1.69. The information services provider earned $31.84 billion during the quarter, compared to analyst estimates of $31.28 billion. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. During the same period in the previous year, the company earned $9.70 earnings per share. View Alphabet's Earnings History.

Alphabet is scheduled to release their next quarterly earnings announcement on Monday, April 22nd 2019. View Earnings Estimates for Alphabet.

29 brokerages have issued 1-year price targets for Alphabet's shares. Their forecasts range from $1,100.00 to $1,500.00. On average, they anticipate Alphabet's stock price to reach $1,338.8889 in the next twelve months. This suggests a possible upside of 21.5% from the stock's current price. View Analyst Price Targets for Alphabet.

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alphabet in the last year. There are currently 1 hold rating and 28 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Alphabet.

Media headlines about GOOGL stock have trended positive this week, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by reviewing more than six thousand news and blog 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 media sentiment score of 2.3 on InfoTrie's scale. They also gave media stories about the information services provider a news buzz of 9.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the immediate future.

Alphabet saw a drop in short interest during the month of January. As of January 15th, there was short interest totalling 1,817,239 shares, a drop of 30.7% from the December 31st total of 2,621,656 shares. Based on an average daily volume of 1,765,816 shares, the short-interest ratio is presently 1.0 days. Approximately 0.6% 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), Red Hat (RHT), Twitter (TWTR), IHS Markit (INFO), Match Group (MTCH), Weibo (WB), Snap (SNAP), Yandex (YNDX), 58.com (WUBA), Line (LN), FactSet Research Systems (FDS), Tripadvisor (TRIP) and Trade Desk (TTD).

Based on aggregate information from My MarketBeat watchlists, some companies that other Alphabet investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), General Electric (GE), Netflix (NFLX), Canopy Growth (CGC), Tesla (TSLA), Visa (V), Boeing (BA) and Walt Disney (DIS).

Alphabet's stock is owned by many different of institutional and retail investors. Top institutional shareholders include MUFG Securities EMEA plc (9.09%), Oregon Public Employees Retirement Fund (7.89%), BlackRock Inc. (2.70%), Geode Capital Management LLC (0.55%), Northern Trust Corp (0.54%) and Bank of New York Mellon Corp (0.43%).

GOOGL stock was sold by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, Bank of New York Mellon Corp, Two Sigma Advisers LP, California Public Employees Retirement System, Acadian Asset Management LLC, Harris Associates L P, State Treasurer State of Michigan and Close Asset Management Ltd.

GOOGL stock was bought by a variety of institutional investors in the last quarter, including MUFG Securities EMEA plc, Oregon Public Employees Retirement Fund, Packer & Co Ltd, Geode Capital Management LLC, Royal London Asset Management Ltd., Legal & General Group Plc, CI Investments Inc. and Northern Trust Corp.

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, Scottrade, Fidelity and Charles Schwab.

One share of GOOGL stock can currently be purchased for approximately $1,101.55.

Alphabet has a market capitalization of $765.79 billion 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.

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]