Is Alphabet Inc (GOOG) a good stock to buy now?

Alphabet Inc (NASDAQ: GOOG) is 60.96% higher on its value in year-to-date trading and has touched a low of $85.57 and a high of $143.25 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GOOG stock was last observed hovering at around $142.72 in the last trading session, with the day’s gains setting it 0.1% off its average median price target of $154.00 for the next 12 months. It is also 20.66% off the consensus price target high of $180.00 offered by 57 analysts, but current levels are -10.71% lower than the price target low of $129.00 for the same period.

Currently trading at $142.82, the stock is 5.07% and 5.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.15 million and changing 0.07% at the moment leaves the stock 14.43% off its SMA200. GOOG registered 61.82% gain for a year compared to 6-month gain of 20.01%. The firm has a 50-day simple moving average (SMA 50) of $5.68 and a 200-day simple moving average (SMA200) of $18.08.

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The stock witnessed a 3.33% loss in the last 1 month and extending the period to 3 months gives it a 10.33%, and is 4.10% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.31% over the week and 1.84% over the month.

Alphabet Inc (GOOG) has around 190234 employees, a market worth around $1787.54B and $296.38B in sales. Current P/E ratio is 27.38 and Fwd P/E is 21.38. Profit margin for the company is 22.52%. Distance from 52-week low is 66.90% and -0.30% from its 52-week high. The company has generated returns on investments over the last 12 months (22.28%).

Alphabet Inc (GOOG) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Alphabet Inc (GOOG) is a “Buy”. 57 analysts offering their recommendations for the stock have an average rating of 1.46, where 10 rate it as a Hold and 6 think it is a “Overweight”. 41 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Alphabet Inc is expected to release its quarterly report on 02/01/2024.The EPS is expected to grow by 25.91% this year.

Alphabet Inc (GOOG) Top Institutional Holders

The shares outstanding are 6.00B, and float is at 5.33B with Short Float at 0.70%.

Alphabet Inc (GOOG) Insider Activity

A total of 125 insider transactions have happened at Alphabet Inc (GOOG) in the last six months, with sales accounting for 100 and purchases happening 25 times. The most recent transaction is an insider sale by Pichai Sundar,the company’sChief Executive Officer. SEC filings show that Pichai Sundar sold 22,500 shares of the company’s common stock on Dec 20 at a price of $141.43 per share for a total of $3.18 million. Following the sale, the insider now owns 2.41 million shares.

Alphabet Inc disclosed in a document filed with the SEC on Dec 11 that HENNESSY JOHN L (Director) sold a total of 200 shares of the company’s common stock. The trade occurred on Dec 11 and was made at $133.97 per share for $26794.0. Following the transaction, the insider now directly holds 6984.0 shares of the GOOG stock.

Still, SEC filings show that on Dec 06, Pichai Sundar (Chief Executive Officer) disposed off 22,500 shares at an average price of $132.17 for $2.97 million. The insider now directly holds 2,430,188 shares of Alphabet Inc (GOOG).

Alphabet Inc (GOOG): Who are the competitors?

The company’s main competitors (and peers) include Microsoft Corp. (MSFT) that is trading 56.94% up over the past 12 months. Inc. (AMZN) that is 79.95% higher over the same period.