Alphabet (Google) Class A (GOOGL)

• Market cap: $2.11T
• 1 day: -1.76%
• 5 days: -3.41%
• 1 month: 4.25%
• 3 months: 6.94%
• 6 months: -0.01%
• Year to date: 24.84%
• 1 year: 28.13%
• 5 years: 158.68%
• 10 years: 531.14%
• 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: 181,269

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

8% more repeat investments, than reductions

Existing positions increased: 1,934 | Existing positions reduced: 1,794

2% less funds holding

Funds holding: 4,431 [Q2] → 4,321 (-110) [Q3]

4.24% less ownership

Funds ownership: 79.77% [Q2] → 75.53% (-4.24%) [Q3]

19% less funds holding in top 10

Funds holding in top 10: 1,349 [Q2] → 1,095 (-254) [Q3]

19% less call options, than puts

Call options by funds: $15.1B | Put options by funds: $18.8B

20% less capital invested

Capital invested by funds: $915B [Q2] → $731B (-$184B) [Q3]

38% less first-time investments, than exits

New positions opened: 177 | Existing positions closed: 287

Research analyst outlook

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

• Low target: $170 1% downside
• Avg. target: $203 18% upside
• High target: $225 30% upside

40 analyst ratings

• positive: 29 73%
• neutral: 11 28%
• negative: 0 0%

Loop Capital Alan Gould 86% 1-year accuracy 12 / 14 met price target	7% upside $185	Hold Maintained	6 Nov 2024
Pivotal Research Michael Levine 100% 1-year accuracy 1 / 1 met price target	30% upside $225	Buy Maintained	30 Oct 2024
Bernstein Mark Shmulik 60% 1-year accuracy 6 / 10 met price target	7% upside $185	Market Perform Maintained	30 Oct 2024
JMP Securities Andrew Boone 77% 1-year accuracy 67 / 87 met price target	28% upside $220	Market Outperform Maintained	30 Oct 2024
Cantor Fitzgerald Deepak Mathivanan 70% 1-year accuracy 28 / 40 met price target	10% upside $190	Neutral Reiterated	30 Oct 2024