Reassessing The Changing Outlook For Alphabet Inc (GOOGL)

Insiders at the company have transacted a total of 1 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 637 shares.

The company’s stock has a 5-day price change of 3.01% and 23.97% over the past three months. GOOGL shares are trading 8.43% year to date (YTD), with the 12-month market performance up to 52.42% higher. It has a 12-month low price of $88.57 and touched a high of $153.78 over the same period. GOOGL has an average intraday trading volume of 27.16 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.59%, 9.17%, and 17.68% respectively.

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Institutional ownership of Alphabet Inc (NASDAQ: GOOGL) shares accounts for 37.20% of the company’s 5.96B shares outstanding.

It has a market capitalization of $1895.67B and a beta (3y monthly) value of 1.07. The stock’s trailing 12-month PE ratio is 29.04, while the earnings-per-share (ttm) stands at $5.22. The company has a PEG of 1.52 and a Quick Ratio of 2.01 with the debt-to-equity ratio at 0.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.54% over the week and 1.74% over the month.

Analysts forecast that Alphabet Inc (GOOGL) will achieve an EPS of $1.59 for the current quarter, $1.49 for the next quarter and $6.71 for 2024. The lowest estimate earnings-per-share for the quarter is $1.45 while analysts give the company a high EPS estimate of $1.75. Comparatively, EPS for the current quarter was $1.05 a year ago. Earnings per share for the fiscal year are expected to increase by 15.58%, and 15.53% over the next financial year. EPS should shrink at an annualized rate of 19.05% over the next five years, compared to 38.33% over the past 5-year period.

Looking at the support for the GOOGL, a number of firms have released research notes about the stock. Mizuho stated their Buy rating for the stock in a research note on January 17, 2024, with the firm’s price target at $155-$170.

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