In the last trading session, 42.0 million Alphabet Inc (NASDAQ:GOOGL) shares changed hands as the company’s beta touched 1.01. With the company’s per share price at $160.67 changed hands at -$3.62 or -2.20% during last session, the market valuation stood at $1969.56B. GOOGL’s last price was a discount, traded about -28.87% off its 52-week high of $207.05. The share price had its 52-week low at $146.08, which suggests the last value was 9.08% up since then. When we look at Alphabet Inc’s average trading volume, we note the 10-day average is 33.52 million shares, with the 3-month average coming to 29.45 million.
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 at the end of in last trading. With action -2.05%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -15.12%, with the 5-day performance at -2.05% in the red. However, in the 30-day time frame, Alphabet Inc (NASDAQ:GOOGL) is -13.26% down. Looking at the short shares, we see there were 63.51 million shares sold at short interest cover period of 2.01 days.
The consensus price target for the stock as assigned by Wall Street analysts is 205, meaning bulls need an upside of 21.62% from its current market value. According to analyst projections, GOOGL’s forecast low is 182 with 225 as the target high. To hit the forecast high, the stock’s price needs a -40.04% plunge from its current level, while the stock would need to soar -13.28% for it to hit the projected low.
Alphabet Inc (GOOGL) estimates and forecasts
Year-over-year growth is forecast to reach 11.35% 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 89.3B. 35 analysts are of the opinion that Alphabet Inc’s revenue for the current quarter will be 94.34B. 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 10.88%. The estimates for the next quarter sales put growth at 11.32%.
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 11.01%, but the outlook for the next 5-year period is at 13.56% per year.
GOOGL Dividends
Alphabet Inc is expected to release its next quarterly earnings report on 2025-Feb-03. The 0.50% annual yield figure for the share gives it an annual dividend of 0.80. It is important to note, however, that the 0.50% 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
If we look at who the major shareholders are, we find that insiders hold 0.30% of Alphabet Inc shares while 81.33% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 81.58%. There are 81.33% institutions holding the Alphabet Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 4.0863% of the shares, roughly 504.37 million GOOGL shares worth $91.87 billion.
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 Dec 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund . With 183.09 shares estimated at $29.42 billion under it, the former controlled 3.14% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.71% of the shares, roughly 158.16 shares worth around $25.41 billion.
