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.

Analyst Ratings Changes

GOOGL has been the subject of a number of research analyst reports. KeyCorp reduced their target price on Alphabet from $153.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, July 26th. MKM Partners reduced their target price on Alphabet from $165.00 to $140.00 and set a "buy" rating for the company in a research note on Monday, July 18th. Jefferies Financial Group reduced their target price on Alphabet from $155.00 to $130.00 and set a "buy" rating for the company in a research note on Wednesday, July 27th. Monness Crespi & Hardt reduced their price objective on Alphabet to $145.00 in a research note on Tuesday, July 5th. Finally, Exane BNP Paribas lowered Alphabet from an "outperform" rating to a "neutral" rating in a research note on Wednesday, July 20th. Five investment 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 MarketBeat, Alphabet has a consensus rating of "Moderate Buy" and an average price target of $147.36.

Alphabet Trading Down 0.1 %

Shares of Alphabet stock opened at $117.30 on Tuesday. The stock has a market cap of $1.54 trillion, a P/E ratio of 21.82, a P/E/G ratio of 1.90 and a beta of 1.08. The stock's 50 day simple moving average is $155.37 and its 200-day simple moving average is $137.93. Alphabet has a 1-year low of $101.88 and a 1-year high of $151.55. 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 earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.11). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. During the same period last year, the firm earned $27.26 EPS. Analysts predict that Alphabet will post 5.22 EPS for the current fiscal year.

Insider Transactions at Alphabet

In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv acquired 13,528 shares of the firm's stock in a transaction that occurred on Tuesday, May 24th. The shares were purchased at an average cost of $33.72 per share, for a total transaction of $456,164.16. Following the completion of the acquisition, the insider now owns 593,402 shares of the company's stock, valued at approximately $20,009,515.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, 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 transaction of $47,666.40. Following the completion of the sale, the director now directly owns 565 shares of the company's stock, valued at approximately $1,346,575.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv acquired 13,528 shares of the business's stock in a transaction that occurred on Tuesday, May 24th. The shares were acquired at an average cost of $33.72 per share, with a total value of $456,164.16. Following the completion of the transaction, the insider now directly owns 593,402 shares in the company, valued at approximately $20,009,515.44. The disclosure for this purchase can be found here. Insiders have sold a total of 42,352 shares of company stock worth $15,690,955 in the last ninety days. Insiders own 11.44% of the company's stock.