Currently, there are 5.90B common shares owned by the public and among those 5.84B shares have been available to trade.
The company’s stock has a 5-day price change of 3.89% and -8.93% over the past three months. GOOGL shares are trading 17.11% year to date (YTD), with the 12-month market performance up to 22.32% higher. It has a 12-month low price of $120.21 and touched a high of $191.75 over the same period. GOOGL has an average intraday trading volume of 25.45 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 3.20%, -1.21%, and 3.80% respectively.
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Institutional ownership of Alphabet Inc (NASDAQ: GOOGL) shares accounts for 37.97% of the company’s 5.90B shares outstanding.
It has a market capitalization of $2013.79B and a beta (3y monthly) value of 1.04. The stock’s trailing 12-month PE ratio is 23.47, while the earnings-per-share (ttm) stands at $6.97. The company has a PEG of 1.14 and a Quick Ratio of 2.08 with the debt-to-equity ratio at 0.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.24% over the week and 2.16% over the month.
Earnings per share for the fiscal year are expected to increase by 31.68%, and 13.59% over the next financial year. EPS should shrink at an annualized rate of 20.50% 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. Piper Sandler stated their Overweight rating for the stock in a research note on September 10, 2024, with the firm’s price target at $206-$200. DA Davidson coverage for the Alphabet Inc (GOOGL) stock in a research note released on September 10, 2024 offered a Neutral rating with a price target of $170. Cantor Fitzgerald was of a view on September 05, 2024 that the stock is Neutral, while Wells Fargo gave the stock Equal Weight rating on July 24, 2024, issuing a price target of $187- $190. UBS on their part issued Neutral rating on July 24, 2024.
