History of Google’s stock price: Is it time to buy GOOGL in 2019?

 

When we seek information, our go-to source is often Google. Google has emerged as the fastest conduit for knowledge, delivering a wealth of information in mere seconds. Google, one of the globe’s premier technology behemoths, is a prime player in the stock market. This leads us to ponder: Is it a wise move to invest in GOOGL this year?

What Is Google?

Google is a name that resonates with virtually everyone today, as it’s an integral part of our daily lives. Alphabet, the parent company of Google, has overseen its operations since a corporate restructuring in 2015. When we discuss Google’s shares, we are essentially referring to Alphabet’s shares. In 1998, Sergey Brin and Larry Page, both roommates at Stanford University, laid the foundation for what would evolve into a multinational technology juggernaut. Google’s forte lies in internet-related services and products, encompassing its world-renowned search engine, the Android operating system, and advertising. Today, Alphabet dabbles in diverse ventures, including autonomous cars, anti-aging products, and glucose-sensing contact lenses. Alphabet serves as the parent entity for a multitude of projects:

1. Google: The core services, including Search, Ads, YouTube, Apps, Android, and Maps.
2. Calico: A biotech research and development firm specializing in anti-aging products and human lifespan.
3. GV: Alphabet’s venture capital investment arm.
4. CapitalG: An equity fund that invests in innovative global companies.
5. Verily: A life sciences research company.
6. Waymo: A self-driving car development company.
7. Nest Labs: A company offering home automation solutions.
8. X: A dedicated research and development division tackling complex computer science challenges.
9. Sidewalk Labs: A firm focused on building and designing urban innovations, reimagining city living.
10. Fiber: A high-speed broadband internet provider.

What Do We Know About Google’s Performance?

On the momentous day of August 19, 2004, Google went public with its initial public offering (IPO) priced at $85 per share. Presently, the share price of Alphabet stands at $1,140 (as of February 5, 2019). Suppose you had invested $1,000 in Google during its IPO in 2004. Today, your investment would have ballooned to $12,540, even with just 11 shares! Envision the returns if you had purchased 100 shares.

Should You Buy GOOGL Shares Right Now?

In the summer of 2018, Alphabet’s (GOOGL) stock reached its all-time pinnacle at $1,285.09, marking a more than 30% ascent in 2017. The annals of Google’s stock price indicate that its nadir occurred at $47.67 in July 2004. Quite a transformation! Concerning the prospects of Alphabet’s (GOOGL) stock in 2019, analysts have pegged it as a strong buy. Over a 12-month horizon, a consensus of 40 experts forecasts a median target of $1,355.00, encompassing estimates from $1,150.00 to $1,500.00. Hence, if you are seeking a stock with potential for robust returns, Alphabet could be an appealing investment choice.

Google Stock Price History Over 15 Years

• Year: 2019
  • Average Stock Price: $1,085.25
  • Year High: $1,141.42
  • Year Low: $1,025.47
  • Year Close: $1,141.42
  • Annual % Change: 9.23%
• Year: 2018
  • Average Stock Price: $1,122.04
  • Year High: $1,285.50
  • Year Low: $984.67
  • Year Close: $1,044.96
  • Annual % Change: -0.80%

Google Fast Facts

Google has evolved into a conglomerate extending beyond its origins as a search engine. Its next ventures are shrouded in mystery but undoubtedly await us on the horizon.

• The name “Google” is a playful nod to the mathematical term “googol,” representing 1 followed by 100 zeros.
• Alphabet, Google’s parent company, boasts a workforce of 94,372 (as of 2018).
• Statistically, Google commands a commanding 90.28% share of the global search engine market (as of 2018).
• Since 2010, Google has been acquiring an average of one company per week.
• Google’s inaugural doodle made its debut on August 30, 1998, featuring a Burning Man stick figure. Subsequently, Google Doodles have featured hundreds of animations and illustrations annually on its homepage.

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