Alphabet Inc (NASDAQ: GOOG) is 19.16% higher on its value in year-to-date trading and has touched a low of $121.46 and a high of $193.31 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 $167.43 in the last trading session, with the day’s gains setting it 0.5%.
Currently trading at $167.93, the stock is 0.98% and -4.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.97 million and changing 0.30% at the moment leaves the stock 6.99% off its SMA200. GOOG registered 28.76% gain for a year compared to 6-month gain of 21.03%.
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The stock witnessed a -0.44% loss in the last 1 month and extending the period to 3 months gives it a -4.76%, and is -0.28% down 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 1.63% over the week and 2.24% over the month.
Alphabet Inc (GOOG) has around 182502 employees, a market worth around $2067.22B and $327.96B in sales. Current P/E ratio is 24.09 and Fwd P/E is 19.36. Profit margin for the company is 26.73%. Distance from 52-week low is 38.26% and -13.13% from its 52-week high. The company has generated returns on investments over the last 12 months (26.91%).
with sales reaching $86.33B over the same period.The EPS is expected to grow by 31.67% this year, but quarterly earnings will post 13.00% year-over-year. Quarterly sales are estimated to grow 23.40% in year-over-year returns.
Alphabet Inc (GOOG) Top Institutional Holders
5021.0 institutions hold shares in Alphabet Inc (GOOG), with institutional investors hold 62.05% of the company’s shares. The shares outstanding are 5.69B, and float is at 5.19B with Short Float at 0.78%. Institutions hold 62.04% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 414.41 million shares valued at $76.01 billion. The investor’s holdings represent 3.338% of the GOOG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 355.33 million shares valued at $65.17 billion to account for 2.8621 of the shares outstanding. The other top investors are STATE STREET CORP which holds 187.07 million shares representing 1.5068% and valued at over $34.31 billion, while FMR LLC holds 0.8792 of the shares totaling 109.15 million with a market value of $20.02 billion.
Alphabet Inc (GOOG) Insider Activity
The most recent transaction is an insider sale by Pichai Sundar, the company’s Chief Executive Officer. SEC filings show that Pichai Sundar sold 22,500 shares of the company’s common stock on Aug 21 ’24 at a price of $167.66 per share for a total of $3.77 million. Following the sale, the insider now owns 2.16 million shares.
Still, SEC filings show that on Aug 21 ’24, SUNDAR PICHAI (Director) Proposed Sale 22,500 shares at an average price of $168.96 for $3.8 million. The insider now directly holds shares of Alphabet Inc (GOOG).
