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Things appear to be looking up for Alphabet Inc (GOOG)

Alphabet Inc (NASDAQ: GOOG) is 11.05% higher on its value in year-to-date trading and has touched a low of $100.29 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 $152.26 in the last trading session, with the day’s gains setting it 4.24%.

Currently trading at $156.50, the stock is 9.07% and 7.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 24.42 million and changing 2.78% at the moment leaves the stock 15.35% off its SMA200. GOOG registered 53.58% gain for a year compared to 6-month gain of 17.55%. The firm has a 50-day simple moving average (SMA 50) of $5.86 and a 200-day simple moving average (SMA200) of $18.38.

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The stock witnessed a 11.96% loss in the last 1 month and extending the period to 3 months gives it a 10.77%, and is 3.12% 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 1.87% over the week and 2.06% over the month.

Alphabet Inc (GOOG) has around 182502 employees, a market worth around $1945.76B and $307.16B in sales. Current P/E ratio is 26.96 and Fwd P/E is 19.93. Profit margin for the company is 24.03%. Distance from 52-week low is 56.05% and 0.84% 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 $1.5 with sales reaching $78.6B over the same period.The EPS is expected to grow by 17.23% this year, but quarterly earnings will post 20.30% year-over-year. Quarterly sales are estimated to grow 12.60% in year-over-year returns.

Alphabet Inc (GOOG) Top Institutional Holders

4,787 institutions hold shares in Alphabet Inc (GOOG), with institutional investors hold 62.13% of the company’s shares. The shares outstanding are 5.69B, and float is at 5.27B with Short Float at 0.67%. Institutions hold 62.12% 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

The most recent transaction is an insider sale by ARNOLD FRANCES,the company’sDirector. SEC filings show that ARNOLD FRANCES sold 90 shares of the company’s common stock on Mar 28 ’24 at a price of $152.00 per share for a total of $13680.0. Following the sale, the insider now owns 15412.0 shares.

Alphabet Inc disclosed in a document filed with the SEC on Mar 27 ’24 that WALKER JOHN KENT (President, Global Affairs, CLO) sold a total of 12,084 shares of the company’s common stock. The trade occurred on Mar 27 ’24 and was made at $151.19 per share for $1.83 million. Following the transaction, the insider now directly holds 48717.0 shares of the GOOG stock.

Still, SEC filings show that on Mar 20 ’24, Pichai Sundar (Chief Executive Officer) disposed off 22,500 shares at an average price of $148.78 for $3.35 million. The insider now directly holds 2,310,191 shares of Alphabet Inc (GOOG).

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