If you were to ask me how I thought shares of Alphabet Inc (NASDAQ:GOOG) stock would perform for the year back on January 1 of 2015, I probably would have guessed about a 5-7% increase. Here we stand on December 29th, with just two trading days remaining before the end of the year, and shares of Google stock are trading near their all-time high.
Alphabet Inc (NASDAQ:GOOG) is a growth company, and with a P/E ratio of 32.58, investors are still flocking to them. Shares of Google have increased an incredible 46+% since the market opened at the start of the year, and with a little luck from the market itself, we could see it close above its all time high of $775.96 before 2015 comes to an end.
The question remains though: “Can shares of Alphabet Inc (NASDAQ:GOOG) continue this ridiculous climb into and through 2016?”
No one can provide an answer to that, but I wouldn’t be surprised if we are all surprised yet again! The end of 2015 and the ride we see this stock take in 2016 should be fun to watch, whether you are an investor or not.The stock is up 1.44% or $11.01, hitting $773.52 per share. About 442,781 shares traded hands. GOOG has risen 43.24% since May 26, 2015 and is uptrending. It has outperformed the S&P500 by 45.51%.
From a total of 28 analysts covering Google Inc. (NASDAQ:GOOG) stock, 24 rate it a “Buy”, 0 a “Sell”, and 4 a “Hold”. This means that 86% of the ratings are positive. The highest target price is $900 while the lowest target price is $700. The mean of all analyst targets is $826 which is 6.78% above today’s ($773.52) stock price. Google Inc. was the topic of 38 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Pacific Crest maintained shares on December 21 with a “Overweight” rating. Pivotal Research maintained shares with a”Hold” rating and a $740 target share price in their report from an October 23. UBS maintained GOOG stock in a recent report from October 23 with a “Buy” rating. Credit Suisse maintained the rating on October 23. Credit Suisse has a “Outperform” rating and a $850 price target on shares. Finally, Needham maintained the stock with a “Buy” rating in a report they issued on an October 23.
The institutional sentiment decreased to 0.67 in Q2 2015. It’s down 0.53, from 1.2 in 2015Q2. The ratio worsened, as 445 funds sold all their Alphabet Inc shares they owned while 412 reduced their positions. 109 funds bought stakes while 464 increased their total positions. Institutions now own 203.36 million shares which is 12.54% less than the previous share count of 232.53 million in 2015Q2.
Ancient Art L.P. holds 22.07% of its total portfolio in Alphabet Inc, equating to 213,887 shares. Jgp Global Gestao De Recursos Ltda. owns 38,052 shares representing 12.71% of their total US portfolio. Moreover, Cantillon Capital Management Llc has 11.84% of their total portfolio invested in the company, equating to 888,378 shares. The California-based Dalal Street Llc has a total of 11.16% of their portfolio invested in the stock. Glade Brook Capital Partners Llc, a Connecticut-based fund reported 50,799 shares owned.
Since February 25, 2015, the stock had 0 insider purchases, and 45 insider sales for a total of $595.57 million in net activity. Brin Sergey sold 16,670 shares worth $10.24 million. Page Lawrence sold 16,670 shares worth $10.34 million. Doerr L John sold 5,269 shares worth $3.33M. Drummond David C sold 5,290 shares worth $3.39M. The insider Mather Ann sold 6,000 shares worth $3.48 million.
Alphabet Inc is a collection of Companies. The company has a market cap of $524.29 billion. The Company’s collection include Calico, Google’s health and longevity effort; Nest its connected home business; Fiber, its gigabit internet arm; and its investment divisions such as Google Ventures and Google Capital, and incubator projects, such as Google X. It has 36.38 P/E ratio. These will be managed separately in Alphabet.