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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.
Alphabet - Class A trades on the NASDAQ stock market under the symbol GOOGL.
As of December 26, 2024, GOOGL stock price declined to $195.60 with 10,498,750 million shares trading.
GOOGL has a beta of 1.01, meaning it tends to be more sensitive to market movements. GOOGL has a correlation of 0.19 to the broad based SPY ETF.
GOOGL has a market cap of $2.39 trillion. This is considered a Mega Cap stock.
Last quarter Alphabet - Class A reported $88 billion in Revenue and $2.12 earnings per share. This beat revenue expectation by $2 billion and exceeded earnings estimates by $.27.
In the last 3 years, GOOGL traded as high as $201.42 and as low as $83.34.
The top ETF exchange traded funds that GOOGL belongs to (by Net Assets): VTI, VOO, SPY, IVV, QQQ.
GOOGL has outperformed the market in the last year with a price return of +38.7% while the SPY ETF gained +28.5%. GOOGL has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +20.6% and +5.6%, respectively, while the SPY returned +5.6% and +0.1%, respectively.
GOOGL support price is $192.07 and resistance is $200.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GOOGL shares will trade within this expected range on the day.