Fintel reports that on August 18, 2023, Loop Capital maintained coverage of Alphabet Inc - (NASDAQ:GOOGL) with a Hold recommendation.
Analyst Price Forecast Suggests 17.54% Upside
As of August 2, 2023, the average one-year price target for Alphabet Inc - is 149.82. The forecasts range from a low of 122.21 to a high of $210.00. The average price target represents an increase of 17.54% from its latest reported closing price of 127.46.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Alphabet Inc - is 315,766MM, an increase of 9.06%. The projected annual non-GAAP EPS is 5.39.
What is the Fund Sentiment?
There are 5689 funds or institutions reporting positions in Alphabet Inc -. This is an increase of 467 owner(s) or 8.94% in the last quarter. Average portfolio weight of all funds dedicated to GOOGL is 1.71%, an increase of 4.90%. Total shares owned by institutions decreased in the last three months by 0.38% to 4,988,352K shares. 
The put/call ratio of GOOGL is 0.84, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 184,703K shares representing 1.46% ownership of the company. In it's prior filing, the firm reported owning 181,670K shares, representing an increase of 1.64%. The firm increased its portfolio allocation in GOOGL by 10.37% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 138,977K shares representing 1.10% ownership of the company. In it's prior filing, the firm reported owning 138,071K shares, representing an increase of 0.65%. The firm increased its portfolio allocation in GOOGL by 9.75% over the last quarter.
Geode Capital Management holds 118,577K shares representing 0.94% ownership of the company. In it's prior filing, the firm reported owning 117,078K shares, representing an increase of 1.26%. The firm increased its portfolio allocation in GOOGL by 10.13% over the last quarter.
Price T Rowe Associates holds 112,745K shares representing 0.89% ownership of the company. In it's prior filing, the firm reported owning 107,419K shares, representing an increase of 4.72%. The firm decreased its portfolio allocation in GOOGL by 50.30% over the last quarter.
Wellington Management Group Llp holds 91,362K shares representing 0.72% ownership of the company. In it's prior filing, the firm reported owning 84,287K shares, representing an increase of 7.74%. The firm decreased its portfolio allocation in GOOGL by 83.15% over the last quarter.
Alphabet Background Information
(This description is provided by the company.)
Larry Page and Sergey Brin founded Google in September 1998. Since then, the company has grown to more than 130,000 employees worldwide, with a wide range of popular products and platforms like Search, Maps, Ads, Gmail, Android, Chrome, Google Cloud and YouTube. In October 2015, Alphabet became the parent holding company of Google.
Additional reading:
- Alphabet Inc. Amended and Restated 2021 Stock Plan - Form of Alphabet 2023 Non-CEO Performance Stock Unit Agreement
- Alphabet Inc. Amended and Restated 2021 Stock Plan - Form of Alphabet Restricted Stock Unit Agreement
- Alphabet Inc. CONSOLIDATED BALANCE SHEETS (In millions, except par value per share amounts) As of December 31, As of June 30, 2022 2023 (unaudited) Assets Current assets: Cash and cash equivalents $ 21,879 $ 25,929 Marketable securities 91,883 92,403
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