Alphabet stock is trading -12.65% below its average target price of $124.64 after marking a 1.3% during today's afternoon session. Analysts are giving the large-cap Information Technology Services company an average rating of buy and target prices ranging from $89.88 to $160.0 per share.
Alphabet's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 0.7%. The stock's short ratio is 1.12. The company's insiders own 0.28% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 79.0%. In conclusion, we believe there is mixed market sentiment regarding Alphabet.
Institutions Invested in Alphabet
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2022-12-31 | Vanguard Group, Inc. (The) | 8% | 482,277,696 | $52,505,574,088 |
| 2022-12-31 | Blackrock Inc. | 7% | 415,917,215 | $45,280,908,339 |
| 2022-12-31 | FMR, LLC | 4% | 222,683,105 | $24,243,510,252 |
| 2022-12-31 | State Street Corporation | 4% | 216,938,462 | $23,618,090,953 |
| 2022-12-31 | Geode Capital Management, LLC | 2% | 117,077,511 | $12,746,228,944 |
| 2022-12-31 | Price (T.Rowe) Associates Inc | 2% | 113,779,707 | $12,387,197,013 |
| 2022-12-31 | Morgan Stanley | 2% | 100,432,240 | $10,934,058,244 |
| 2022-12-31 | Norges Bank Investment Management | 2% | 94,469,711 | $10,284,917,696 |
| 2022-12-31 | Wellington Management Group, LLP | 1% | 71,524,044 | $7,786,822,866 |
| 2022-12-31 | Northern Trust Corporation | 1% | 68,866,370 | $7,497,481,891 |
