Alphabet Will Report Q2 Earnings on July 22. Here's Who Owns GOOGL Stock
Alphabet (GOOGL) will report Q2 earnings on July 22. Wall Street remains bullish, citing AI-driven growth in Google Cloud and TPU adoption, alongside Search engine AI integrations. Meanwhile, TipRanks launched the RANK ETF tracking its US Momentum Analysts Index. GOOGL is up 13% YTD and 94% over the past year. Ownership data shows public companies and individuals hold 49.18%, followed by ETFs (22.03%), mutual funds (21.63%), insiders (6.65%), and other institutions (0.51%).
Tech giant Alphabet (GOOGL) is scheduled to announce its second-quarter earnings on July 22. Despite concerns about elevated capital spending, Wall Street is bullish on GOOGL stock. Analysts are optimistic about AI-driven growth in the Google Cloud business and the growing adoption of TPU (tensor processing units) AI chips. Moreover, Google has mitigated concerns about competition from AI models by integrating AI features across its Search engine.
TipRanks Welcomes a New ETF – NYSE:RANK
- TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE.
- RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
GOOGL stock is up 13% year-to-date and has rallied 94% over the past year.
GOOGL's Ownership Structure
Now, according to TipRanks' Ownership Tool, public companies and individual investors own 49.18% of Alphabet. They are followed by exchange-traded funds (ETFs), mutual funds, insiders, and other institutional investors at 22.03%, 21.63%, 6.65%, and 0.51%, respectively.
