Alphabet (Google) Class CGOOG
Market Cap: $1.88T
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 Q2 SEC filings by fund managers ($100M+ AUM)
78% more first-time investments, than exits
New positions opened: 251 | Existing positions closed: 141
19% more capital invested
Capital invested by funds: $514B [Q1] → $610B (+$95.8B) [Q2]
14% more funds holding in top 10
Funds holding in top 10: 739 [Q1] → 840 (+101) [Q2]
3% more funds holding
Funds holding: 3,854 [Q1] → 3,964 (+110) [Q2]
7% more call options, than puts
Call options by funds: $10.8B | Put options by funds: $10.2B
0.55% less ownership
Funds ownership: 59.63% [Q1] → 59.08% (-0.55%) [Q2]
13% less repeat investments, than reductions
Existing positions increased: 1,505 | Existing positions reduced: 1,726
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Oppenheimer Jason Helfstein 68% 1-year accuracy 28 / 41 met price target | 38%upside $210 | Outperform Maintained | 24 Jul 2024 |
TD Cowen John Blackledge 45% 1-year accuracy 5 / 11 met price target | 45%upside $220 | Buy Maintained | 10 Jul 2024 |
Financial journalist opinion
Based on 321 articles about GOOG published over the past 30 days