In the latest trading session, 7.94 million Alphabet Inc (NASDAQ:GOOGL) shares changed hands as the company’s beta touched 1.02. With the company’s most recent per share price at $175.17 changed hands at -$0.25 or -0.14% at last look, the market valuation stands at $2146.03B. GOOGL’s current price is a discount, trading about -18.2% off its 52-week high of $207.05. The share price had its 52-week low at $130.66, which suggests the last value was 25.41% up since then.
Analysts gave the Alphabet Inc (GOOGL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.54. If we narrow down to specifics, the data shows that 0 out of 39 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 4 recommended GOOGL as a Hold, 34 felt it is a Buy and 0 rated the stock as Underweight. Alphabet Inc’s EPS for the current quarter is expected to be 2.02.
Alphabet Inc (NASDAQ:GOOGL) trade information
Instantly GOOGL was in red as seen in intraday trades today. With action -5.45%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -7.46%, with the 5-day performance at -5.45% in the red. However, in the 30-day time frame, Alphabet Inc (NASDAQ:GOOGL) is -8.68% down.
The consensus price target for the stock as assigned by Wall Street analysts is 205, meaning bulls need an upside of 14.55% from its recent market value. According to analyst projections, GOOGL’s forecast low is 170 with 225 as the target high. To hit the forecast high, the stock’s price needs a -28.45% plunge from its current level, while the stock would need to tank 2.95% for it to hit the projected low.
Alphabet Inc (GOOGL) estimates and forecasts
Year-over-year growth is forecast to reach 11.42% up from the last financial year.
Consensus estimates given by 37 financial analysts project the company’s revenue in the current quarter to hit an average of 89.32B. 36 analysts are of the opinion that Alphabet Inc’s revenue for the current quarter will be 94.37B. The company’s revenue for the corresponding quarters a year ago was 80.54B and 84.74B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 10.91%. The estimates for the next quarter sales put growth at 11.36%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 26.76%. The 2025 estimates are for Alphabet Inc earnings to increase by 10.89%, but the outlook for the next 5-year period is at 13.54% per year.
GOOGL Dividends
Alphabet Inc is expected to release its next quarterly earnings report in March. The 0.34% annual yield figure for the share gives it an annual dividend of 0.60. It is important to note, however, that the 0.34% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Alphabet Inc (NASDAQ:GOOGL)’s Major holders
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 3.4115% or 421.08 million shares worth $76.7 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 185.7 shares estimated at $32.57 billion under it, the former controlled 3.18% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.63% of the shares, roughly 153.45 shares worth around $26.91 billion.
