Alphabet Inc (NASDAQ:GOOGL) has a beta value of 1.01 and has seen 6.33 million shares traded in the recent trading session. The company, currently valued at $2404.74B, closed the recent trade at $195.68 per share which meant it gained $0.26 on the day or 0.13% during that session. The GOOGL stock price is -2.93% off its 52-week high price of $201.42 and 33.23% above the 52-week low of $130.66. If we look at the company’s 10-day average daily trading volume, we find that it stood at 37.09 million shares traded. The 3-month trading volume is 27.12 million shares.
The consensus among analysts is that Alphabet Inc (GOOGL) is Buy stock at the moment, with a recommendation rating of 1.50. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 4 out of 39 have rated it as a Hold, with 34 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 2.11.
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Alphabet Inc (NASDAQ:GOOGL) trade information
Sporting 0.13% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GOOGL stock price touched $195.68 or saw a rise of 2.85%. Year-to-date, Alphabet Inc shares have moved 40.08%, while the 5-day performance has seen it change 0.14%. Over the past 30 days, the shares of Alphabet Inc (NASDAQ:GOOGL) have changed 11.63%. Short interest in the company has seen 69.79 million shares shorted with days to cover at 2.34.
Wall Street analysts have a consensus price target for the stock at $205, which means that the shares’ value could jump 4.55% from the levels at last check today. The projected low price target is $170.0 while the price target rests at a high of $240.0. In that case, then, we find that the latest price level in today’s session is -22.65% off the targeted high while a plunge would see the stock lose 13.12% from the levels at last check today.
Alphabet Inc (GOOGL) estimates and forecasts
Figures show that Alphabet Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 10.99% over the past 6 months, with this year growth rate of 38.28%, compared to 20.00% for the industry. Revenue growth from the last financial year stood is estimated to be 13.91%.
39 analysts offering their estimates for the company have set an average revenue estimate of 96.67B for the current quarter. 25 have an estimated revenue figure of 89.99B for the next ending quarter. Year-ago sales stood 86.31B and 80.54B respectively for this quarter and the next, and analysts expect sales will grow by 12.00% for the current quarter and 13.91% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 21.56% over the past 5 years. Earnings growth for 2024 is a modest 38.30% while over the next 5 years, the company’s earnings are expected to increase by 15.85%.
GOOGL Dividends
Alphabet Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.60 at a share yield of 0.31%. The company’s dividend yield has gone up over the past 12 months.
Alphabet Inc (NASDAQ:GOOGL)’s Major holders
Insiders own 0.25% of the company shares, while shares held by institutions stand at 80.68% with a share float percentage of 80.88%. Investors are also buoyed by the number of investors in a company, with Alphabet Inc having a total of 5891.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 504.37 million shares worth more than $91.87 billion. As of 2024-06-30, VANGUARD GROUP INC held 4.0863% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 421.08 million shares as of 2024-06-30. The firm’s total holdings are worth over $76.7 billion and represent 3.3917% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Sep 30, 2024, the former fund manager holds about 3.18% shares in the company for having 185.7 shares of worth $36.34 billion while later fund manager owns 153.45 shares of worth $30.03 billion as of Sep 30, 2024, which makes it owner of about 2.63% of company’s outstanding stock.
