Alphabet (Google) Class AGOOGL
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)
15% more first-time investments, than exits
New positions opened: 181 | Existing positions closed: 158
8% more repeat investments, than reductions
Existing positions increased: 1,977 | Existing positions reduced: 1,837
1% less funds holding
Funds holding: 4,447 [Q2] → 4,414 (-33) [Q3]
3.97% less ownership
Funds ownership: 80.78% [Q2] → 76.81% (-3.97%) [Q3]
18% less funds holding in top 10
Funds holding in top 10: 1,354 [Q2] → 1,114 (-240) [Q3]
20% less capital invested
Capital invested by funds: $925B [Q2] → $743B (-$182B) [Q3]
26% less call options, than puts
Call options by funds: $12.5B | Put options by funds: $16.8B
Research analyst outlook
21 Wall Street Analysts provided 1 year price targets over the past 3 months
21 analyst ratings
Morgan Stanley Brian Nowak 84% 1-year accuracy 27 / 32 met price target | 10%upside $215 | Overweight Maintained | 13 Jan 2025 |
Stifel Mark Kelley 87% 1-year accuracy 20 / 23 met price target | 15%upside $225 | Buy Maintained | 13 Jan 2025 |
Wells Fargo Ken Gawrelski 64% 1-year accuracy 32 / 50 met price target | 3%downside $190 | Equal-Weight Maintained | 13 Jan 2025 |
Keybanc Justin Patterson 57% 1-year accuracy 38 / 67 met price target | 15%upside $225 | Overweight Maintained | 10 Jan 2025 |
Wedbush Scott Devitt 75% 1-year accuracy 42 / 56 met price target | 12%upside $220 | Outperform Maintained | 6 Jan 2025 |
Financial journalist opinion
Based on 239 articles about GOOGL published over the past 30 days