Currently, there are 5.90B common shares owned by the public and among those 5.87B shares have been available to trade.
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.
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However, the script later moved the day high at 144.68, down -0.09%. The company’s stock has a 5-day price change of 0.83% and 5.10% over the past three months. GOOGL shares are trading 3.06% year to date (YTD), with the 12-month market performance up to 57.08% 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 29.20 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 -1.08%, 1.39%, and 9.08% respectively.
Institutional ownership of Alphabet Inc (NASDAQ: GOOGL) shares accounts for 37.63% of the company’s 5.90B shares outstanding.
It has a market capitalization of $1789.85B and a beta (3y monthly) value of 1.05. The stock’s trailing 12-month PE ratio is 24.80, while the earnings-per-share (ttm) stands at $5.81. The company has a PEG of 1.29 and a Quick Ratio of 2.10 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 1.58% over the week and 1.83% over the month.
Analysts forecast that Alphabet Inc (GOOGL) will achieve an EPS of $1.51 for the current quarter, $1.68 for the next quarter and $7.84 for 2025. The lowest estimate earnings-per-share for the quarter is $1.35 while analysts give the company a high EPS estimate of $1.66. Comparatively, EPS for the current quarter was $1.17 a year ago. Earnings per share for the fiscal year are expected to increase by 17.20%, and 15.12% over the next financial year. EPS should shrink at an annualized rate of 19.25% over the next five years, compared to 21.56% 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. BMO Capital Markets coverage for the Alphabet Inc (GOOGL) stock in a research note released on January 09, 2024 offered a Outperform rating with a price target of $170. Wedbush on their part issued Outperform rating on August 22, 2023.
