In today’s recent session, 2.84 million shares of the Alphabet Inc (NASDAQ:GOOGL) have been traded, and its beta is 1.00. Most recently the company’s share price was $185.95, and it changed around -$0.52 or -0.28% from the last close, which brings the market valuation of the company to $2276.21B. GOOGL at last check was trading at a discount to its 52-week high of $207.05, offering almost -11.35% off that amount. The share price’s 52-week low was $130.66, which indicates that the recent value has risen by an impressive 29.73% since then. We note from Alphabet Inc’s average daily trading volume that its 10-day average is 34.25 million shares, with the 3-month average coming to 28.97 million.
Alphabet Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.56. If we narrow it down even further, the data shows that 0 out of 64 analysts rate the stock as a Sell; another 15 rate it as Overweight. Among the rest, 12 recommended GOOGL as a Hold, whereas 37 deemed it a Buy, and 0 rated it as Underweight. Alphabet Inc is expected to report earnings per share of 2.02 for the current quarter.
Alphabet Inc (NASDAQ:GOOGL) trade information
Instantly GOOGL has been showing red trend so far today with a performance of -0.28% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 192.75 on recent trading dayincreased the stock’s daily price by 3.53%. The company’s shares are currently down -1.77% year-to-date, but still down -9.90% over the last five days. On the other hand, Alphabet Inc (NASDAQ:GOOGL) is -3.17% down in the 30-day period. We can see from the shorts that 65.51 million shares have been sold at a short interest cover period of 2.5 day(s).
The consensus price target as assigned by Wall Street analysts is $205, which translates to bulls needing to increase their stock price by 9.29% from its current value. Analyst projections state that GOOGL is forecast to be at a low of $170 and a high of $225.
Alphabet Inc (GOOGL) estimates and forecasts
The year-over-year growth rate is expected to be 11.44%, up from the previous year.
Consensus estimates provided by 36 financial analysts predict the company will bring in an average of 89.33B in revenue for the current quarter. 35 analysts expect Alphabet Inc to make 94.37B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 80.54B and 84.74B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 10.91%. Forecasts for the next quarter put sales growth at 11.36%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 26.76%. Alphabet Inc earnings are expected to increase by 10.86% in 2025, but the outlook is positive 13.44% per year for the next five years.
GOOGL Dividends
Alphabet Inc’s next quarterly earnings report is expected to be released in March. The annual dividend yield of the stock is 0.32 percent and its annual dividend per share was 0.60. It is important to note, however, that the 0.32% 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:GOOGL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.25% of Alphabet Inc shares, and 80.60% of them are in the hands of institutional investors. The stock currently has a share float of 80.81%. Alphabet Inc stock is held by 6007.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 4.0863% of the shares, which is about 504.37 million shares worth $91.87 billion.
BLACKROCK INC., with 3.4115% or 421.08 million shares worth $76.7 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 Sep 30, 2024 . The former held 185.7 shares worth $34.51 billion, making up 3.18% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 153.45 shares worth around $28.52 billion, which represents about 2.63% of the total shares outstanding.
