Alphabet Inc (NASDAQ:GOOGL)’s traded shares stood at 3.27 million during the latest session, with the company’s beta value hitting 1.04. At the last check today, the stock’s price was $165.35, to imply an increase of 1.62% or $2.63 in intraday trading. The GOOGL share’s 52-week high remains $191.75, putting it -15.97% down since that peak but still an impressive 27.3% since price per share fell to its 52-week low of $120.21. The company has a valuation of $2035.46B, with an average of 19.04 million shares in intraday trading volume over the past 10 days and average of 24.56 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Alphabet Inc (GOOGL), translating to a mean rating of 1.56. Of 39 analyst(s) looking at the stock, 0 analyst(s) give GOOGL a Sell rating. 1 of those analysts rate the stock as Overweight while 4 advise Hold as 34 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 1.84.
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Alphabet Inc (NASDAQ:GOOGL) trade information
After registering a 1.62% upside in the latest session, Alphabet Inc (GOOGL) has traded red over the past five days. The 5-day price performance for the stock is 1.18%, and 1.61% over 30 days. With these gigs, the year-to-date price performance is 18.37%. Short interest in Alphabet Inc (NASDAQ:GOOGL) saw shorts transact 71.09 million shares and set a 2.69 days time to cover.
The extremes give us $59 and $240 for target low and target high price respectively. As such, GOOGL has been trading -45.15% off suggested target high and 64.32% from its likely low.
Alphabet Inc (GOOGL) estimates and forecasts
Looking at statistics comparing Alphabet Inc share performance against respective industry, we note that the company has outperformed competitors. Alphabet Inc (GOOGL) shares are -3.84% down over the last 6 months, with its year-to-date growth rate higher than industry average at 31.90% against 5.70%. Revenue is forecast to grow 18.70% this quarter before jumping 24.40% for the next one. The rating firms project that company’s revenue will grow 12.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 38 analysts is 86.31B. Meanwhile, for the current quarter, a total of 38 analyst(s) estimate revenue growth to 95.84B.Earnings reports from the last fiscal year show that sales brought in 76.69B and 86.31B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 12.50% before jumping 11.00% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 21.56% for the past 5-year period. While 2024 is set for a 32.03% return in earnings, projections for the next 5 years are at 18.25% annually.
GOOGL Dividends
Alphabet Inc has its next earnings report out on 2024-Oct-29. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Alphabet Inc has a forward dividend ratio of 0.40, with the share yield ticking at 0.24% to continue the rising pattern observed over the past year.
Alphabet Inc (NASDAQ:GOOGL)’s Major holders
Alphabet Inc insiders hold 0.25% of total outstanding shares, with institutional holders owning 81.14% of the shares at 81.34% float percentage. In total, 81.14% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 504.37 million shares (or 4.0626% of shares), all amounting to roughly $91.87 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 421.08 million shares, or about 3.3917% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $76.7 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Alphabet Inc (GOOGL) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 185.84 shares. This is just over 3.17% of the total shares, with a market valuation of $30.71 billion. Data from the same date shows that the other fund manager holds a little less at 150.76, or 2.57% of the shares, all valued at about 24.91 billion.
