Alphabet (Google) Class A (GOOGL)

• Market cap: $2.01T
• Sector: Information Technology
• Industry: Computer Programming, Data Processing, Etc.

About: Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV, YouTube Music among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform, or GCP, accounts for roughly 10% of Alphabet's revenue with the firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) making up the rest.

Employees: 179,582

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

62% more first-time investments, than exits

New positions opened: 275 | Existing positions closed: 170

19% more capital invested

Capital invested by funds: $751B [Q1] → $893B (+$141B) [Q2]

17% more funds holding in top 10

Funds holding in top 10: 1,156 [Q1] → 1,347 (+191) [Q2]

2% more funds holding

Funds holding: 4,302 [Q1] → 4,407 (+105) [Q2]

4% more repeat investments, than reductions

Existing positions increased: 1,905 | Existing positions reduced: 1,837

0% more ownership

Funds ownership: 77.74% [Q1] → 77.74% (+0%) [Q2]

3% less call options, than puts

Call options by funds: $15.9B | Put options by funds: $16.4B

Research analyst outlook

45 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $170 4% upside
• Avg. target: $203 24% upside
• High target: $222 36% upside

45 analyst ratings

• positive: 35 78%
• neutral: 10 22%
• negative: 0 0%

Truist Securities Youssef Squali 69% 1-year accuracy 47 / 68 met price target	35% upside $220	Buy Maintained	16 Oct 2024
Needham Laura Martin 60% 1-year accuracy 71 / 119 met price target	29% upside $210	Buy Reiterated	15 Oct 2024
Cantor Fitzgerald Deepak Mathivanan 71% 1-year accuracy 27 / 38 met price target	17% upside $190	Neutral Reiterated	9 Oct 2024
BMO Capital Brian Pitz 61% 1-year accuracy 33 / 54 met price target	32% upside $215	Outperform Reiterated	9 Oct 2024
Cantor Fitzgerald Deepak Mathivanan 71% 1-year accuracy 27 / 38 met price target	17% upside $190	Neutral Reiterated	7 Oct 2024