In recent trading session, Alphabet Inc (NASDAQ:GOOG) saw 2.71 million shares changing hands at last check today with its beta currently measuring 1.04. Company’s recent per share price level of $165.76 trading at $1.93 or 1.18% at last check today assigns it a market valuation of $2040.51B. That most recent trading price of GOOG’s stock is at a discount of -16.62% from its 52-week high price of $193.31 and is indicating a premium of 26.73% from its 52-week low price of $121.46. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 18.99 million shares which gives us an average trading volume of 17.84 million if we extend that period to 3-months.
For Alphabet Inc (GOOG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.59. Splitting up the data highlights that, out of 29 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 27 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 1.84 in the current quarter.
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Alphabet Inc (NASDAQ:GOOG) trade information
Upright in the green today for gaining 1.18%, in the last five days GOOG remained trading in the green while hitting it’s week-highest on Monday, 09/23/24 when the stock touched $165.76 price level, adding 0.51% to its value on the day. Alphabet Inc’s shares saw a change of 17.62% in year-to-date performance and have moved 0.68% in past 5-day. Alphabet Inc (NASDAQ:GOOG) showed a performance of 0.77% in past 30-days. Number of shares sold short was 42.93 million shares which calculate 2.41 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 150 to the stock, which implies a fall of -10.51% to its recent value today. Analysts have been projecting 117 as a low price target for the stock while placing it at a high target of 365. It follows that stock’s current price would jump 29.42% in reaching the projected high whereas dropping to the targeted low would mean a gain of 29.42% for stock’s current value.
Alphabet Inc (GOOG) estimates and forecasts
Statistics highlight that Alphabet Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 8.87% of value to its shares in past 6 months, showing an annual growth rate of 31.55% while that of industry is 8.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 13.00% from the last financial year’s standing.
33 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 86.31B for the same. And 32 analysts are in estimates of company making revenue of 95.8B in the next quarter. Company posted 69.95B and 86.31B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 21.56% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 31.64% while estimates for its earnings growth in next 5 years are of 20.50%.
Alphabet Inc (NASDAQ:GOOG)’s Major holders
Insiders are in possession of 0.02% of company’s total shares while institution are holding 61.98 percent of that, with stock having share float percentage of 61.99%. Investors also watch the number of corporate investors in a company very closely, which is 61.98% institutions for Alphabet Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at GOOG for having 414.41 million shares of worth $76.01 billion. And as of 2024-06-30, it was holding 3.338 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 355.33 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.8621 of outstanding shares, having a total worth of $65.17 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024, the former fund manager was holding 150.55 shares of worth $25.07 billion or 2.70% of the total outstanding shares. The later fund manager was in possession of 125.42 shares on Jun 30, 2024, making its stake of worth around $20.89 billion in the company or a holder of 2.25% of company’s stock.
