Why should you keep an eye on Alphabet Inc (GOOG)?

Alphabet Inc (NASDAQ: GOOG) is 5.53% higher on its value in year-to-date trading and has touched a low of $88.86 and a high of $155.20 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 $150.22 in the last trading session, with the day’s loss setting it -1.49%.

Currently trading at $148.73, the stock is 0.88% and 4.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.21 million and changing -0.99% at the moment leaves the stock 13.14% off its SMA200. GOOG registered 55.80% gain for a year compared to 6-month gain of 14.26%. The firm has a 50-day simple moving average (SMA 50) of $5.78 and a 200-day simple moving average (SMA200) of $18.14.

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The stock witnessed a 3.52% loss in the last 1 month and extending the period to 3 months gives it a 12.94%, and is 2.62% 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 1.43% over the week and 1.71% over the month.

Current P/E ratio is 25.62 and Fwd P/E is 18.98. Profit margin for the company is 24.03%. Distance from 52-week low is 67.38% and -4.17% from its 52-week high. The company has generated returns on investments over the last 12 months (23.87%).

Alphabet Inc quarterly earnings per share for the current quarter are estimated at $1.49 with sales reaching $78.63B over the same period.The EPS is expected to grow by 17.29% this year, but quarterly earnings will post 11.30% year-over-year. Quarterly sales are estimated to grow 12.70% in year-over-year returns.

Alphabet Inc (GOOG) Top Institutional Holders

4,625 institutions hold shares in Alphabet Inc (GOOG), with institutional investors hold 62.71% of the company’s shares. The shares outstanding are 5.69B, and float is at 5.28B with Short Float at 0.70%. Institutions hold 62.70% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 413.43 million shares valued at $50.01 billion. The investor’s holdings represent 7.22% of the GOOG Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 359.18 million shares valued at $43.45 billion to account for 6.27% of the shares outstanding. The other top investors are State Street Corporation which holds 190.86 million shares representing 3.33% and valued at over $23.09 billion, while FMR, LLC holds 2.02% of the shares totaling 115.89 million with a market value of $14.02 billion.

Alphabet Inc (GOOG) Insider Activity

A total of 124 insider transactions have happened at Alphabet Inc (GOOG) in the last six months, with sales accounting for 103 and purchases happening 21 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 Feb 07 at a price of $146.29 per share for a total of $3.29 million. Following the sale, the insider now owns 2.38 million shares.

Alphabet Inc disclosed in a document filed with the SEC on Feb 01 that O’Toole Amie Thuener (VP, Chief Accounting Officer) sold a total of 660 shares of the company’s common stock. The trade occurred on Feb 01 and was made at $143.59 per share for $94769.0. Following the transaction, the insider now directly holds 27920.0 shares of the GOOG stock.

Still, SEC filings show that on Jan 30, ARNOLD FRANCES (Director) disposed off 230 shares at an average price of $154.06 for $35434.0. The insider now directly holds 15,104 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 53.05% up over the past 12 months. Amazon.com Inc. (AMZN) that is 73.14% higher over the same period.