Alphabet (Google) Class C (GOOG)

• Market cap: $2.36T
• 1 day: 1.72%
• 5 days: -0.73%
• 1 month: 8.81%
• 3 months: 17.20%
• 6 months: 8.58%
• Year to date: 38.26%
• 1 year: 38.16%
• 5 years: 185.95%
• 10 years: 635.37%
• 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)

2% more call options, than puts

Call options by funds: $8.8B | Put options by funds: $8.59B

1% less funds holding

Funds holding: 4,025 [Q2] → 4,000 (-25) [Q3]

7% less repeat investments, than reductions

Existing positions increased: 1,572 | Existing positions reduced: 1,693

2.87% less ownership

Funds ownership: 60.43% [Q2] → 57.56% (-2.87%) [Q3]

13% less capital invested

Capital invested by funds: $624B [Q2] → $542B (-$82.5B) [Q3]

14% less first-time investments, than exits

New positions opened: 154 | Existing positions closed: 179

18% less funds holding in top 10

Funds holding in top 10: 854 [Q2] → 697 (-157) [Q3]

Research analyst outlook

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

• Low target: $187 3% downside
• Avg. target: $213 10% upside
• High target: $235 22% upside

11 analyst ratings

• positive: 9 82%
• neutral: 2 18%
• negative: 0 0%

Oppenheimer Jason Helfstein 65% 1-year accuracy 33 / 51 met price target	11% upside $215	Outperform Maintained	30 Oct 2024
Pivotal Research Jeffrey Wlodarczak 71% 1-year accuracy 15 / 21 met price target	17% upside $225	Buy Maintained	30 Oct 2024
Jefferies Brent Thill 75% 1-year accuracy 41 / 55 met price target	22% upside $235	Buy Maintained	30 Oct 2024
UBS Lloyd Walmsley 76% 1-year accuracy 13 / 17 met price target	1% downside $192	Neutral Maintained	30 Oct 2024
Canaccord Genuity Maria Ripps 61% 1-year accuracy 17 / 28 met price target	17% upside $225	Buy Maintained	30 Oct 2024