Alphabet surges 8%, what the stock split means
Alphabet surges 8%, what the stock split means
By Michael Wursthorn
迈克尔·维尔松(Michael Wursthorn)著
Google parent $Alphabet-C(GOOG.US)$ said on Feb. 1 that it will enact a 20-for-1 stock split, giving shareholders 19 more shares for every one they own.
谷歌母公司$Alphabet-C(GOOG.US)$2月1日，该公司表示，将实施1股换20股的股票拆分，股东每持有1股股票，就会多持有19股股票。
Stock splits had fallen out of favor over the last two decades. But since the pandemic $Apple(AAPL.US)$, $Tesla(TSLA.US)$ and now Alphabet have revived the practice in an effort to make their shares more affordable for individual investors.
在过去的20年里，股票拆分已经失宠。但自从大流行以来$苹果(AAPL.US)$, $特斯拉(TSLA.US)$现在Alphabet又恢复了这种做法，以努力让个人投资者更容易负担得起他们的股票。
Alphabet announced the split with its latest quarterly earnings, which sent shares up more than 8%.
Alphabet在其最新季度财报中宣布了拆分，这推动股价上涨超过8%。
What does this mean for investors?
这对投资者意味着什么？
Alphabet shareholders as of July 1 will receive 19 additional shares on July 15 for every share they hold. Trading will begin on a split-adjusted basis on July 18.
截至7月1日，Alphabet股东持有的每一股股票将在7月15日获得19股额外股票。交易将于7月18日在拆分调整的基础上开始。
The split will cover all three classes of Alphabet stock. Were the split to happen as of Tuesday's close, Class A and Class C shares would trade at roughly $137 apiece, down from about $2,750 as of Tuesday's close. Class B shares aren't publicly traded.
此次拆分将涵盖所有三类Alphabet股票。如果拆分发生在周二收盘时，A类和C类股票的交易价格将从周二收盘时的约2,750美元降至每股137美元左右。B类股不公开交易。
Splits don't affect the value of an investor's holdings. A lower per-share price is matched by a higher number of shares.
拆分不会影响投资者所持资产的价值。较低的每股价格与较高的股票数量相匹配。
What does this mean for the company?
这对公司意味着什么？
Alphabet's shares rose 65% last year, a third straight double-digit annual gain.
Alphabet的股价去年上涨了65%，连续第三年实现两位数的年度涨幅。
On Feb. 1, Alphabet said it nearly doubled profit over 2021. But expectations that the Federal Reserve will raise interest rates as soon as next month led to a January market retreat that marked the worst month for stocks since the first month of the pandemic. Alphabet has held up better than many, but shares are still down 5% following four rough weeks of trading.
2月1日，Alphabet表示，其利润比2021年几乎翻了一番。但对美联储(Federal Reserve)最快将于下个月加息的预期导致1月份市场回落，这是自疫情爆发第一个月以来股市表现最差的一个月。Alphabet的表现比许多公司都要好，但在经历了四周的艰难交易后，股价仍下跌了5%。
What does this mean for the stock market?
这对股市意味着什么？
Stock splits don't tend to have a significant impact on share prices over time, and they don't tend to have much effect on the broader market either.
随着时间的推移，股票拆分往往不会对股价产生重大影响，对大盘也不会有太大影响。
GOOG vs. GOOGL: What's the Difference?
GOOG和GOOGL：有什么不同？
The split applies to all three classes of Alphabet stock. Class A common shares have been available to investors since Alphabet went public in 2004. They currently trade under ticker GOOGL.
这一拆分适用于所有三类Alphabet股票。自2004年Alphabet上市以来，投资者一直可以获得A类普通股。他们目前的交易代码是GOOGL。
The company's Class B stock is held by company insiders and these shares aren't publicly traded. They hold 10 times the voting power of Class A shares.
该公司的B类股票由公司内部人士持有，这些股票没有公开交易。他们持有的投票权是A类股的10倍。
Another class of nonvoting shares known as Class C trades under ticker GOOG. They largely trade in line with the common shares -- the spread between the two is currently less than a quarter -- though at times the spread has widened to as much as $10 a share.
另一类无投票权股票被称为C类股票，交易代码为GOOG。它们的交易价格基本与普通股持平--两者之间的价差目前不到四分之一--尽管有时价差扩大到了每股10美元。
Has Alphabet split its stock before?
Alphabet以前曾拆分过股票吗？
Alphabet last split its stock in 2014, giving investors one additional share for every one they owned.
Alphabet上一次拆分股票是在2014年，投资者每持有一股股票，就会额外获得一股。
Write to Michael Wursthorn at michael.wursthorn@wsj.com
写信给Michael Wursthorn，电子邮件：michael.wursthorn@wsj.com