In the latest trading session, 4.32 million Alphabet Inc (NASDAQ:GOOG) shares changed hands as the company’s beta touched 1.05. With the company’s most recent per share price at $167.88 changed hands at -$1.08 or -0.64% at last look, the market valuation stands at $2066.60B. GOOG’s current price is a discount, trading about -15.15% off its 52-week high of $193.31. The share price had its 52-week low at $121.46, which suggests the last value was 27.65% up since then. When we look at Alphabet Inc’s average trading volume, we note the 10-day average is 15.72 million shares, with the 3-month average coming to 17.54 million.
Analysts gave the Alphabet Inc (GOOG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.53. If we narrow down to specifics, the data shows that 0 out of 29 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 1 recommended GOOG as a Hold, 27 felt it is a Buy and 0 rated the stock as Underweight. Alphabet Inc’s EPS for the current quarter is expected to be 1.84.
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Alphabet Inc (NASDAQ:GOOG) trade information
Instantly GOOG was in red as seen in intraday trades today. With action 3.61%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 19.12%, with the 5-day performance at 3.61% in the green. However, in the 30-day time frame, Alphabet Inc (NASDAQ:GOOG) is -8.56% down. Looking at the short shares, we see there were 45.71 million shares sold at short interest cover period of 2.53 days.
The consensus price target for the stock as assigned by Wall Street analysts is 147.5, meaning bulls need a downside of -13.82% from its recent market value. According to analyst projections, GOOG’s forecast low is 117 with 365 as the target high. To hit the forecast high, the stock’s price needs a -117.42% plunge from its current level, while the stock would need to tank 30.31% for it to hit the projected low.
Alphabet Inc (GOOG) estimates and forecasts
Data shows that the Alphabet Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 16.71% over the past 6 months, a 31.55% in annual growth rate that is considerably higher than the industry average of 19.70%. Year-over-year growth is forecast to reach 13.00% up from the last financial year.
Consensus estimates given by 31 financial analysts project the company’s revenue in the current quarter to hit an average of 86.32B. 30 analysts are of the opinion that Alphabet Inc’s revenue for the current quarter will be 95.81B. The company’s revenue for the corresponding quarters a year ago was 69.95B and 86.31B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 23.40%. The estimates for the next quarter sales put growth at 11.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 21.56%. The 2024 estimates are for Alphabet Inc earnings to increase by 31.67%, but the outlook for the next 5-year period is at 20.50% per year.
GOOG Dividends
Alphabet Inc is expected to release its next quarterly earnings report on 2024-Oct-22. The 0.12% annual yield figure for the share gives it an annual dividend of 0.20. It is important to note, however, that the 0.12% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Alphabet Inc (NASDAQ:GOOG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.02% of Alphabet Inc shares while 62.07% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 62.08%. There are 62.07% institutions holding the Alphabet Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 3.338% of the shares, roughly 414.41 million GOOG shares worth $76.01 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 2.8621% or 355.33 million shares worth $65.17 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 151.42 shares estimated at $25.38 billion under it, the former controlled 2.71% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.23% of the shares, roughly 124.34 shares worth around $20.84 billion.
