Seaport Research Partners has recently raised Alphabet Inc Class C (GOOG) stock to Buy rating, as announced on October 30, 2024, according to Finviz. Earlier, on October 11, 2024, Scotiabank had initiated the stock to Sector Outperform, setting a price target of $212. Pivotal Research Group also initiated Buy rating with a price target of $215. Additionally, TD Cowen reiterated Buy rating on July 10, 2024, with a target price of $220. Rosenblatt analysts, in their report published on June 28, 2024, also reduced Neutral rating and set a price target of $181 for Alphabet Inc Class C’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Alphabet Inc Class C (GOOG) Stock Trading Recap
On Friday, Alphabet Inc Class C (GOOG) stock saw a decline, ending the day at $186.87 which represents a decrease of $-1.01 or -0.54% from the prior close of $187.88. The stock opened at $186.83 and touched a low of $186.11 during the day, reaching a high of $188.15. The volume of shares traded was 12.65 million falling short of the average volume of 19.38 million.
Sponsored
GOOG Stock Performance and Moving Averages
In recent trading, Alphabet Inc Class C (GOOG) stock price has shown some volatility, fluctuating -0.14% over the last five trades and -5.13% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 15.33%, and it has gained 1.94% in the previous three months. Currently, GOOG is trading at -4.52%, -3.05%, and 5.66% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, GOOG, a Communication Services sector stock, is trading -10.46% below its 52-week high but remains 42.05% above its 52-week low. The Average True Range (ATR) (14 days) of 4.89 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Alphabet Inc Class C’s Profitability and Valuation Ratios
Alphabet Inc Class C’s profitability metrics reveal financial health. The company currently boasts an operating margin of 32.46% and a profit margin of 28.62%, with a gross margin of 15.33%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Alphabet Inc Class C’s market capitalization stands at $2266.97 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 23.23, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 18.32. Additionally, the Price-to-Sales Ratio is 6.48, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 7.02, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 58.12% of Alphabet Inc Class C (GOOG)’s shares, while financial institutions hold 27.22%.
Notable insider trades include O’Toole Amie Thuener, VP, Chief Accounting Officer at Alphabet Inc Class C (GOOG), who sold 1340 shares on Feb 03 ’25, at $202.08 each, totaling $0.27 million. On Jan 31 ’25, Shriram Kavitark Ram, Director, sold 14000 shares for $205 each, amounting to $2.87 million. Additionally, on Jan 31 ’25, Shriram Kavitark Ram sold 12000 shares at $205 each, generating $2.46 million.
