Alphabet Inc (NASDAQ:GOOGL) has a beta value of 1.04 and has seen 27.27 million shares traded in the recent trading session. The company, currently valued at $1865.60B, closed the recent trade at $150.05 per share which meant it gained $8.87 on the day or 6.28% during that session. The GOOGL stock price is -2.49% off its 52-week high price of $153.78 and 36.35% above the 52-week low of $95.50. If we look at the company’s 10-day average daily trading volume, we find that it stood at 38.42 million shares traded. The 3-month trading volume is 30.77 million shares.
Alphabet Inc (NASDAQ:GOOGL) trade information
Sporting 6.28% in the green today, the stock has traded in the green over the last five days, when the GOOGL stock price touched $150.05 or saw a rise of 1.38%. Year-to-date, Alphabet Inc shares have moved 7.42%, while the 5-day performance has seen it change 8.99%. Over the past 30 days, the shares of Alphabet Inc (NASDAQ:GOOGL) have changed 5.10%. Short interest in the company has seen 52.6 million shares shorted with days to cover at 1.54.
Alphabet Inc (GOOGL) estimates and forecasts
Figures show that Alphabet Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 9.21% over the past 6 months, with this year growth rate of 16.72%, compared to 26.40% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 29.10% and 16.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be 11.30%.
33 analysts offering their estimates for the company have set an average revenue estimate of $78.58 billion for the current quarter. 32 have an estimated revenue figure of $82.79 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $69.79 billion and $74.6 billion respectively for this quarter and the next, and analysts expect sales will grow by 12.60% for the current quarter and 11.00% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 21.56% over the past 5 years. Earnings growth for 2024 is a modest 17.14% while over the next 5 years, the company’s earnings are expected to increase by 19.25%.
GOOGL Dividends
Alphabet Inc is expected to release its next earnings report between April 23 and April 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Alphabet Inc (NASDAQ:GOOGL)’s Major holders
Insiders own 0.28% of the company shares, while shares held by institutions stand at 80.57% with a share float percentage of 80.80%. Investors are also buoyed by the number of investors in a company, with Alphabet Inc having a total of 5,620 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 486.13 million shares worth more than $58.19 billion. As of Jun 29, 2023, Vanguard Group Inc held 8.21% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 418.76 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $50.13 billion and represent 7.08% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 29, 2023, the former fund manager holds about 3.13% shares in the company for having 185.28 million shares of worth $22.18 billion while later fund manager owns 141.45 million shares of worth $16.93 billion as of Jun 29, 2023, which makes it owner of about 2.39% of company’s outstanding stock.
