Fintel reports that on July 20, 2023, B of A Securities maintained cover of Alphabet Inc – (NASDAQ: GOOGL) with a Buy recommendation.
Analyst price forecast suggests 11.21% upside
As of July 5, 2023, the average duration of one year target price for Alphabet Inc – is 135.71. The forecast ranges from a low of 116.15 to a high of $199.83. The average price target represents an increase of 11.21% from its last published closing price of 122.03.
See our company ranking with the biggest price target on the upside.
The expected annual revenue for Alphabet Inc – is 315,766 million, an increase of 10.95%. The projected annual non-GAAP PES is 5.39.
What is fund sentiment?
There is 5691 funds or institutions reporting positions in Alphabet Inc -. This is an increase of 130 owner(s) or 2.34% in the last quarter. Average portfolio weight of all funds dedicated to GOOGL is 1.68%, an increase of 33.86%. The total number of shares held by institutions has decreased over the past three months by 2.92% to 4,912,172,000 shares. THE put/call ratio of GOOGL is 0.76, indicating a bullish outlook.
What are the other shareholders doing?
Bank Julius Baer & Co. Ltd, Zurich holds 6,565,179,000 shares representing 51.71% ownership of the company. In its previous filing, the company said it held 6,539,000 shares, representing a raise of 99.90%. The company increase its portfolio allocation in GOOGL by 9.55% in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks holds 184,703,000 shares representing 1.45% ownership of the company. In its previous filing, the company stated that it held 181,670,000 shares, representing a raise 1.64%. The company increase its portfolio allocation in GOOGL by 10.37% in the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 138,977,000 shares representing 1.09% ownership of the company. In its previous filing, the company said it held 138,071,000 shares, representing a raise 0.65%. The company increase its portfolio allocation in GOOGL by 9.75% in the last quarter.
Geode Capital Management holds 118,577,000 shares representing 0.93% ownership of the company. In its previous filing, the company said it held 117,078,000 shares, representing a raise 1.26%. The company increase its portfolio allocation in GOOGL by 10.13% in the last quarter.
T Rowe Associates Award holds 107,419,000 shares representing 0.85% ownership of the company. In its previous filing, the company stated that it held 113,780,000 shares, representing a decrease of 5.92%. The company increase its portfolio allocation in GOOGL by 3.29% in the last quarter.
General information about the alphabet
(This description is provided by the company.)
Larry Page and Sergey Brin founded Google in September 1998. Since then, the company has grown to over 130,000 employees worldwide, with a wide range of popular products and platforms like Search, Maps, Ads, Gmail, Android, Chrome, Google Cloud and YouTube. In October 2015, Alphabet became Google’s parent holding company.
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This story originally appeared on Fintel.
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