Alphabet Inc (NASDAQ:GOOGL)’s traded shares stood at 6.24 million during the last session, with the company’s beta value hitting 1.03. At the last check today, the stock’s price was $172.34, to imply a decrease of -1.85% or -$3.24 in intraday trading. The GOOGL share’s 52-week high remains $191.75, putting it -11.26% down since that peak but still an impressive 25.79% since price per share fell to its 52-week low of $127.90. The company has a valuation of $2119.23B, with an average of 24.93 million shares in intraday trading volume over the past 10 days and average of 24.48 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 1.49. 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 2.11.

Alphabet Inc (NASDAQ:GOOGL) trade information

After registering a -1.85% downside in the latest session, Alphabet Inc (GOOGL) has traded red over the past five days. The 5-day price performance for the stock is -3.37%, and 5.78% over 30 days. With these gigs, the year-to-date price performance is 23.37%. Short interest in Alphabet Inc (NASDAQ:GOOGL) saw shorts transact 64.26 million shares and set a 2.61 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 -39.26% off suggested target high and 65.77% 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 -2.11% down over the last 6 months, with its year-to-date growth rate higher than industry average at 37.93% against 9.20%. Revenue is forecast to grow 29.37% this quarter before jumping 7.52% for the next one. The rating firms project that company’s revenue will grow 13.91% compared to the previous financial year.

Revenue forecast for the current quarter as set by 38 analysts is 96.62B. Meanwhile, for the current quarter, a total of 24 analyst(s) estimate revenue growth to 90B.Earnings reports from the last fiscal year show that sales brought in 86.31B and 80.54B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 11.94% before jumping 11.75% 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 38.09% return in earnings, projections for the next 5 years are at 17.60% annually.

GOOGL Dividends

Alphabet Inc has its next earnings report out on 2025-Jan-28. 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 0.23% 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 80.77% of the shares at 80.98% float percentage. In total, 80.77% 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.