Shares of Alphabet Inc. (NASDAQ:GOOGL) traded at a new 52-week high today of $2586.06. This new high was reached on below average trading volume as 103,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.
Alphabet Inc. (NASDAQ:GOOGL) is currently priced 23.3% above its average consensus analyst price target of $1975.83.
Alphabet is a holding company, with Google, the Internet media giant, as a wholly owned subsidiary. Google generates 99% of Alphabet revenue, of which more than 85% is from online ads. Google’s other revenue is from sales of apps and content on Google Play and YouTube, as well as cloud service fees and other licensing revenue. Sales of hardware such as Chromebooks, the Pixel smartphone, and smart homes products, which include Nest and Google Home, also contribute to other revenue. Alphabet’s moonshot investments are in its other bets segment, where it bets on technology to enhance health (Verily), faster Internet access to homes (Google Fiber), self-driving cars (Waymo), and more. Alphabet’s operating margin has been 25%-30%, with Google at 30% and other bets operating at a loss.
In the past 52 weeks, Alphabet Inc. share prices are bracketed by a low of $1402.15 and a high of $2586.06 and is now at $2574.48, 84% above that low price.
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