Alphabet (Google) Class AGOOGL
Market Cap: 2.06T
About: Alphabet is a holding company. Internet media giant Google is a wholly owned subsidiary. Google services account for nearly 90% of Alphabet's revenue, of which more than 85% is from online ads. Other Google services revenue is from sales of apps and content on Google Play and YouTube, as well as sales of hardware such as Chromebooks, the Pixel smartphone, and smart home products, which include Nest and Google Home. Google's cloud computing offerings account for a bit more than 10% of total Alphabet revenue. Alphabet's moonshot investments are in its other bets segment, where it bets on technology to enhance health (Verily), provide faster internet access (Google Fiber), enable self-driving cars (Waymo), and more.
Employees: 180,895
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
14% more repeat investments, than reductions
Existing positions increased: 1,942 | Existing positions reduced: 1,698
5% more capital invested
Capital invested by funds: $697B [Q4 2023] → $734B (+$36.6B) [Q1 2024]
6% more first-time investments, than exits
New positions opened: 223 | Existing positions closed: 210
0% more funds holding
Funds holding: 4,236 [Q4 2023] → 4,249 (+13) [Q1 2024]
5% less call options, than puts
Call options by funds: $18.3B | Put options by funds: $19.4B
1% less funds holding in top 10
Funds holding in top 10: 1,158 [Q4 2023] → 1,144 (-14) [Q1 2024]
1.24% less ownership
Funds ownership: 76.99% [Q4 2023] → 75.75% (-1.24%) [Q1 2024]
Research analyst outlook
89 Wall Street Analysts provided 1 year price forecasts over the past 6 months
89 analyst ratings
Guggenheim Michael Morris | 23%upside $205 | Buy Maintained | 24 Jul 2024 |
JMP Securities Andrew Boone | 20%upside $200 | Market Outperform Reiterated | 24 Jul 2024 |
Wedbush Scott Devitt | 23%upside $205 | Outperform Reiterated | 24 Jul 2024 |
Citigroup Ronald Josey | 27%upside $212 | Buy Maintained | 24 Jul 2024 |
RBC Capital Brad Erickson | 22%upside $204 | Outperform Maintained | 24 Jul 2024 |
Financial journalist opinion
Based on 451 articles about GOOGL published over the past 30 days