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.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GOOGL. Citigroup cut their price target on Alphabet from $145.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, July 27th. Stifel Nicolaus set a $155.00 target price on shares of Alphabet in a research report on Monday, July 18th. BMO Capital Markets dropped their price target on shares of Alphabet from $165.00 to $150.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 27th. Susquehanna Bancshares reduced their price objective on shares of Alphabet from $187.50 to $150.00 and set a "positive" rating for the company in a research note on Wednesday, July 27th. Finally, Monness Crespi & Hardt lowered their target price on shares of Alphabet to $145.00 in a research report on Tuesday, July 5th. Five research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $147.36.

Alphabet Price Performance

NASDAQ:GOOGL traded up $2.84 during mid-day trading on Friday, reaching $121.68. 19,096,268 shares of the company were exchanged, compared to its average volume of 33,261,728. 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 stock has a market cap of $1.60 trillion, a PE ratio of 22.64, a PEG ratio of 1.92 and a beta of 1.08. Alphabet has a 12 month low of $101.88 and a 12 month high of $151.55. The company has a fifty day moving average of $155.71 and a 200 day moving average of $137.53.

Alphabet (NASDAQ:GOOGL - Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The information services provider reported $1.21 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 quarter in the prior year, the firm earned $27.26 EPS. On average, research analysts anticipate that Alphabet will post 5.22 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Ann Mather sold 20 shares of Alphabet stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $2,383.32, for a total transaction of $47,666.40. Following the completion of the sale, the director now owns 565 shares in the company, valued at approximately $1,346,575.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Alphabet news, Director John L. Hennessy sold 33 shares of the stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $2,348.39, for a total value of $77,496.87. Following the transaction, the director now owns 78 shares of the company's stock, valued at $183,174.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 20 shares of the firm's stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $2,383.32, for a total value of $47,666.40. Following the transaction, the director now owns 565 shares in the company, valued at approximately $1,346,575.80. The disclosure for this sale can be found here. Insiders sold a total of 42,852 shares of company stock worth $15,750,955 over the last three months. 11.44% of the stock is currently owned by company insiders.