Alphabet (GOOG) stock is a promising asset for investors interested in reliable and stable companies. The tech giant operates in a range of businesses from cloud computing to biotech research. This gives the company an opportunity to earn a stable income and stay afloat even in times of crisis.
Alphabet Inc. - is a holding company that brings together organizations working in different industries from advertising to software development. This organization is the parent company of the Google organization and several of its subsidiaries. Google restructured in 2015. Its purpose was to give more autonomy to the companies owned by this organization. After the reorganization, the holding company Alphabet Inc. emerged, which is now headquartered in California. It includes Google itself, Fiber, Nes, CapitalG, and other subsidiaries.
After the reorganization, all of Google's securities were converted into Alphabet shares. However, two types of securities remained on the stock exchange: GOOGL and GOOG. The former are class A securities and assume voting rights for the shareholders. GOOG shares are class C and do not provide investors with voting rights.
Alphabet is a combination of several companies from different businesses. Individual components of the holding company operating in the areas of cloud computing, investing, online search, automotive, etc. Some divisions do research in biotechnology and other life sciences-related industries.
The structural components of the holding company are:
The company has been actively developing machine learning in recent years. Alphabet uses AI-based technology to develop Google Assistant and other programs.
In 2022, Alphabet's holding company acquired two cybersecurity organizations, Mandiant and Siemplify. The corporation plans to integrate new technology products into Google's cloud platform. The purchase of Mandiant and Siemplify could be interpreted as an attempt by Alphabet to improve its competitive advantage in the areas of cloud computing and cybersecurity over Amazon and Microsoft.
In early June 2022, Alphabet shareholders approved management's plans for a stock split. The split procedure was conducted on July 15, 2022. Alphabet's stock split was conducted at a 20:1 ratio. Before the start of the split, on July 14, the corporation's securities were trading at $2207. After the split procedure share quotations fell to the level of $116 per share.
In the second quarter, total revenue Alphabet was $ 69.7, up 13% over the same reporting period in 2021. The IT giant was able to increase revenues by 62% year-over-year, compared with the same period last year. Separately, we can mention the growth of profitability in certain areas of the corporation's activities. Revenue in the search and cloud segments grew by 14% and 36%, respectively. On YouTube, advertising revenue grew 84%.
For the most part, Alphabet's revenue growth was due to improved financial results of Google Search. This service is a significant part of the holding company's business. In the second quarter of 2022, revenue in this segment was $40.7 billion, a 13% increase from that of $35.8 billion in the same period in 2022.
In our technical analysis of GOOG stock, we have defined a minimum target price for this asset for 2023. Alphabet stock is expected to reach a price target of $148 in 2023.
Alphabet's financial situation does not allow investors to doubt the corporation's stability. The cloud business has great growth potential. Factors that may lead to a decline in Alphabet's share price include growing competition and inflation. Considering its stable business development and good reputation, the company may be considered a good option for long-term investment.
After the coronavirus pandemic began, Alphabet's stock started to rise in value. This was due to the increased popularity of internet services and the shift of most businesses to the internet due to lockdowns.
To trade GOOG stock, log into your personal DotBig account and fund your account with $250 or more. Only registered investors who have verified their identity and made a minimum deposit will have access to trading on the real stock market.
Alphabet C stock went through a split in July 2022. Because of this, it is difficult to track the exact change in this asset's price over the past year. On August 31, Alphabet stock was trading at $110.9.
To trade in automatic mode, go to a social trading platform. This service allows you to copy other investors' profitable trades. You can also send a request for free trading signals or trade through advisor programs.
To authorize on the website and create a personal account, fill out the form, indicating your name, phone number, email address.
After registration, provide an identity document to verify your age and place of residence.
To start trading real money, the initial deposit can be made in any available way.
You can open/close deals on your own under the guidance of an experienced analyst or copy them from other traders.
No trading experience? Not a problem! With social trading, you can copy the trades of the best DotBig traders. Follow the rating and make a profit.Start trading