In today’s recent session, 3.2 million shares of the Alphabet Inc (NASDAQ:GOOG) have been traded, and its beta is 1.04. Most recently the company’s share price was $176.53, and it changed around -$0.27 or -0.15% from the last close, which brings the market valuation of the company to $2150.86B. GOOG at last check was trading at a discount to its 52-week high of $193.31, offering almost -9.51% off that amount. The share price’s 52-week low was $129.40, which indicates that the recent value has risen by an impressive 26.7% since then. We note from Alphabet Inc’s average daily trading volume that its 10-day average is 17.02 million shares, with the 3-month average coming to 17.39 million.
Alphabet Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 60 analysts rate the stock as a Sell; another 14 rate it as Overweight. Among the rest, 10 recommended GOOG as a Hold, whereas 36 deemed it a Buy, and 0 rated it as Underweight. Alphabet Inc is expected to report earnings per share of 2.13 for the current quarter.
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Alphabet Inc (NASDAQ:GOOG) trade information
Instantly GOOG has been showing red trend so far today with a performance of -0.15% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 182.62 on recent trading dayincreased the stock’s daily price by 3.33%. The company’s shares are currently up 25.26% year-to-date, but still down -3.70% over the last five days. On the other hand, Alphabet Inc (NASDAQ:GOOG) is 6.47% up in the 30-day period. We can see from the shorts that 40.44 million shares have been sold at a short interest cover period of 2.4 day(s).
The consensus price target as assigned by Wall Street analysts is $159.5, which translates to bulls needing to decrease their stock price by -10.68% from its current value. Analyst projections state that GOOG is forecast to be at a low of $117 and a high of $312.
Alphabet Inc (GOOG) estimates and forecasts
Alphabet Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -1.68 percent over the past six months and at a 37.76% annual growth rate that is well above the industry average of 9.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 30.00% in revenue this quarter, and will report an increase of 7.52% in the next quarter. The year-over-year growth rate is expected to be 13.91%, up from the previous year.
Consensus estimates provided by 38 financial analysts predict the company will bring in an average of 96.62B in revenue for the current quarter. 24 analysts expect Alphabet Inc to make 90B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 86.31B and 80.54B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 11.94%. Forecasts for the next quarter put sales growth at 11.75%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 21.56%. Alphabet Inc earnings are expected to increase by 38.06% in 2024, but the outlook is positive 15.85% per year for the next five years.
GOOG Dividends
Alphabet Inc’s next quarterly earnings report is expected to be released on 2025-Jan-28. The annual dividend yield of the stock is 0.23 percent and its annual dividend per share was 0.40. It is important to note, however, that the 0.23% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Alphabet Inc (NASDAQ:GOOG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.02% of Alphabet Inc shares, and 61.43% of them are in the hands of institutional investors. The stock currently has a share float of 61.44%. Alphabet Inc stock is held by 5008.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 3.338% of the shares, which is about 414.41 million shares worth $76.01 billion.
BLACKROCK INC., with 2.8621% or 355.33 million shares worth $65.17 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 150.55 shares worth $26.65 billion, making up 2.72% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 125.42 shares worth around $22.2 billion, which represents about 2.27% of the total shares outstanding.
