Alphabet (Google) Class A (GOOGL)

• Market cap: $2.34T
• 1 day: 1.54%
• 5 days: -0.76%
• 1 month: 8.77%
• 3 months: 17.01%
• 6 months: 8.57%
• Year to date: 38.53%
• 1 year: 38.36%
• 5 years: 183.32%
• 10 years: 619.05%
• 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: 1,973 | Existing positions reduced: 1,834

1% less funds holding

Funds holding: 4,444 [Q2] → 4,406 (-38) [Q3]

4.03% less ownership

Funds ownership: 79.75% [Q2] → 75.72% (-4.03%) [Q3]

18% less first-time investments, than exits

New positions opened: 179 | Existing positions closed: 217

18% less funds holding in top 10

Funds holding in top 10: 1,354 [Q2] → 1,113 (-241) [Q3]

19% less call options, than puts

Call options by funds: $15.2B | Put options by funds: $18.8B

20% less capital invested

Capital invested by funds: $915B [Q2] → $733B (-$182B) [Q3]

Research analyst outlook

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

• Low target: $185 3% downside
• Avg. target: $209 9% upside
• High target: $232 21% upside

21 analyst ratings

• positive: 17 81%
• neutral: 4 19%
• negative: 0 0%

JP Morgan Doug Anmuth 88% 1-year accuracy 37 / 42 met price target	21% upside $232	Overweight Maintained	18 Dec 2024
Goldman Sachs Eric Sheridan 60% 1-year accuracy 37 / 62 met price target	10% upside $210	Buy Reiterated	12 Dec 2024
Baird Colin Sebastian 85% 1-year accuracy 33 / 39 met price target	7% upside $205	Outperform Reiterated	10 Dec 2024
Loop Capital Alan Gould 84% 1-year accuracy 16 / 19 met price target	3% downside $185	Hold Maintained	6 Nov 2024
Pivotal Research Michael Levine 100% 1-year accuracy 1 / 1 met price target	18% upside $225	Buy Maintained	30 Oct 2024