Alphabet Inc (NASDAQ: GOOG) is 15.71% 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 $164.64 in the last trading session, with the day’s loss setting it -1.57%.
Currently trading at $163.07, the stock is 2.06% and -2.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.11 million and changing -0.95% at the moment leaves the stock 2.43% off its SMA200. GOOG registered 24.14% gain for a year compared to 6-month gain of 7.45%.
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The stock witnessed a -1.46% loss in the last 1 month and extending the period to 3 months gives it a -9.80%, and is 2.57% 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 1.47% over the week and 2.12% over the month.
Alphabet Inc (GOOG) has around 182502 employees, a market worth around $2007.39B and $327.96B in sales. Current P/E ratio is 23.39 and Fwd P/E is 18.80. Profit margin for the company is 26.73%. Distance from 52-week low is 34.26% and -15.64% from its 52-week high. The company has generated returns on investments over the last 12 months (26.91%).
The EPS is expected to grow by 31.64% this year.
Alphabet Inc (GOOG) Top Institutional Holders
5032.0 institutions hold shares in Alphabet Inc (GOOG), with institutional investors hold 61.99% of the company’s shares. The shares outstanding are 5.69B, and float is at 5.19B with Short Float at 0.79%. Institutions hold 61.98% 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
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Alphabet Inc disclosed in a document filed with the SEC on Sep 18 ’24 that Pichai Sundar (Chief Executive Officer) sold a total of 22,500 shares of the company’s common stock. The trade occurred on Sep 18 ’24 and was made at $160.63 per share for $3.61 million. Following the transaction, the insider now directly holds 2.11 million shares of the GOOG stock.
Still, SEC filings show that on Sep 18 ’24, SUNDAR PICHAI (Director) Proposed Sale 22,500 shares at an average price of $160.28 for $3.61 million. The insider now directly holds shares of Alphabet Inc (GOOG).
