Alphabet (Google) Class C (GOOG)

• Market cap: $2.44T
• 1 day: 1.62%
• 5 days: 3.24%
• 1 month: 0.22%
• 3 months: 20.08%
• 6 months: 8.18%
• Year to date: 3.63%
• 1 year: 38.25%
• 5 years: 166.89%
• 10 years: 679.29%
• Sector: Information Technology
• Industry: Computer Programming, Data Processing, Etc.

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

25% more first-time investments, than exits

New positions opened: 156 | Existing positions closed: 125

8% more call options, than puts

Call options by funds: $11.8B | Put options by funds: $10.9B

0% less funds holding

Funds holding: 4,028 [Q2] → 4,008 (-20) [Q3]

7% less repeat investments, than reductions

Existing positions increased: 1,577 | Existing positions reduced: 1,694

2.9% less ownership

Funds ownership: 62.14% [Q2] → 59.24% (-2.9%) [Q3]

13% less capital invested

Capital invested by funds: $642B [Q2] → $557B (-$84.3B) [Q3]

18% less funds holding in top 10

Funds holding in top 10: 854 [Q2] → 698 (-156) [Q3]

Research analyst outlook

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

• Low target: $187 5% downside
• Avg. target: $213 8% upside
• High target: $235 19% upside

10 analyst ratings

• positive: 8 80%
• neutral: 2 20%
• negative: 0 0%

Oppenheimer Jason Helfstein 71% 1-year accuracy 36 / 51 met price target	9% upside $215	Outperform Maintained	30 Oct 2024
Pivotal Research Jeffrey Wlodarczak 67% 1-year accuracy 14 / 21 met price target	14% upside $225	Buy Maintained	30 Oct 2024
Jefferies Brent Thill 63% 1-year accuracy 34 / 54 met price target	19% upside $235	Buy Maintained	30 Oct 2024
UBS Lloyd Walmsley 76% 1-year accuracy 13 / 17 met price target	3% downside $192	Neutral Maintained	30 Oct 2024
Canaccord Genuity Maria Ripps 71% 1-year accuracy 20 / 28 met price target	14% upside $225	Buy Maintained	30 Oct 2024