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

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

Alphabet announced that its board has initiated a stock buyback program on Friday, February 2nd 2018, which permits the company to buyback $8,589,870,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Alphabet Inc (NASDAQ:GOOGL) issued its quarterly earnings data on Monday, February, 4th. The information services provider reported $12.77 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $11.08 by $1.69. The information services provider had revenue of $31.84 billion for the quarter, compared to analysts' expectations of $31.28 billion. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. During the same quarter in the prior year, the company posted $9.70 EPS. 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.

30 analysts have issued 12-month price objectives for Alphabet's shares. Their forecasts range from $1,100.00 to $1,500.00. On average, they expect Alphabet's share price to reach $1,332.2650 in the next year. This suggests a possible upside of 11.2% from the stock's current price. View Analyst Price Targets for Alphabet.

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

News stories about GOOGL stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Alphabet earned a coverage optimism score of 1.3 on InfoTrie's scale. They also assigned media stories about the information services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near term.

Alphabet saw a increase in short interest during the month of February. As of February 15th, there was short interest totalling 2,183,291 shares, an increase of 35.9% from the January 31st total of 1,606,498 shares. Based on an average daily trading volume, of 1,976,618 shares, the short-interest ratio is currently 1.1 days. Currently, 0.7% of the shares of the 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), Snap (SNAP), Weibo (WB), Yandex (YNDX), 58.com (WUBA), Trade Desk (TTD), FactSet Research Systems (FDS), Line (LN) and Tripadvisor (TRIP).

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), Canopy Growth (CGC), Netflix (NFLX), Tesla (TSLA), Boeing (BA), Visa (V) and Intel (INTC).

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%), FMR LLC (2.30%), Norges Bank (0.56%) and Geode Capital Management LLC (0.55%).

GOOGL stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, 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 and State Treasurer State of Michigan.

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

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 $1,198.03.

Alphabet has a market capitalization of $832.86 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]