Alphabet Inc (NASDAQ: GOOG) is 29.12% higher on its value in year-to-date trading and has touched a low of $129.40 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 $179.86 in the last trading session, with the day’s gains setting it 2.11%.
Currently trading at $181.97, the stock is 6.50% and 10.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.35 million and changing 1.17% at the moment leaves the stock 10.87% off its SMA200. GOOG registered 38.18% gain for a year compared to 6-month loss of 6.48%. The firm has a 50-day simple moving average (SMA 50) of $164.9176 and a 200-day simple moving average (SMA200) of $163.9848.
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The stock witnessed a 10.61% gain in the last 1 month and extending the period to 3 months gives it a 9.67%, and is 6.61% 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 1.57% over the week and 1.91% over the month.
Alphabet Inc (GOOG) has around 182502 employees, a market worth around $2187.81B and $339.52B in sales. Current P/E ratio is 24.14 and Fwd P/E is 20.20. Profit margin for the company is 27.77%. Distance from 52-week low is 40.63% and -5.87% from its 52-week high. The company has generated returns on investments over the last 12 months (27.88%).
The EPS is expected to grow by 38.02% this year.
Alphabet Inc (GOOG) Top Institutional Holders
4981.0 institutions hold shares in Alphabet Inc (GOOG), with institutional investors hold 62.30% of the company’s shares. The shares outstanding are 5.69B, and float is at 5.14B with Short Float at 0.74%. Institutions hold 62.29% 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 Shriram Kavitark Ram, the company’s Director. SEC filings show that Shriram Kavitark Ram sold 10,500 shares of the company’s common stock on Nov 07 ’24 at a price of $177.41 per share for a total of $1.86 million. Following the sale, the insider now owns 0.32 million shares.
Alphabet Inc disclosed in a document filed with the SEC on Nov 07 ’24 that Shriram Kavitark Ram (Director) sold a total of 9,000 shares of the company’s common stock. The trade occurred on Nov 07 ’24 and was made at $177.41 per share for $1.6 million. Following the transaction, the insider now directly holds 0.3 million shares of the GOOG stock.
Still, SEC filings show that on Nov 06 ’24, Pichai Sundar (Chief Executive Officer) disposed off 22,500 shares at an average price of $177.36 for $3.99 million. The insider now directly holds 2,084,306 shares of Alphabet Inc (GOOG).
