Alphabet Inc. (NASDAQ:GOOGL) Forecasted to Earn FY2025 Earnings of $7.67 Per Share

Alphabet Inc. (NASDAQ:GOOGL) – Investment analysts at Wedbush boosted their FY2025 EPS estimates for Alphabet in a research note issued to investors on Thursday, April 11th. Wedbush analyst S. Devitt now anticipates that the information services provider will earn $7.67 per share for the year, up from their prior estimate of $7.63. Wedbush currently has a “Outperform” rating and a $175.00 price objective on the stock. The consensus estimate for Alphabet’s current full-year earnings is $6.78 per share.

GOOGL has been the subject of a number of other reports. KeyCorp upped their price target on Alphabet from $153.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Wolfe Research increased their price objective on Alphabet from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Royal Bank of Canada restated an “outperform” rating and issued a $155.00 target price on shares of Alphabet in a research report on Wednesday, January 31st. Truist Financial decreased their target price on shares of Alphabet from $160.00 to $158.00 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Finally, Citigroup reissued a “buy” rating and issued a $168.00 price target on shares of Alphabet in a research note on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $155.61.

Alphabet Stock Down 1.8 %

NASDAQ GOOGL opened at $154.86 on Monday. The business has a fifty day moving average price of $145.55 and a 200 day moving average price of $140.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The company has a market cap of $1.93 trillion, a P/E ratio of 26.70, a P/E/G ratio of 1.46 and a beta of 1.05. Alphabet has a one year low of $102.63 and a one year high of $160.22.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. During the same quarter in the previous year, the company earned $1.05 earnings per share.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GOOGL. Live Oak Investment Partners purchased a new position in shares of Alphabet in the 4th quarter valued at $26,000. Vermillion & White Wealth Management Group LLC purchased a new position in Alphabet in the fourth quarter valued at about $30,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Alphabet during the fourth quarter worth about $34,000. Turim 21 Investimentos Ltda. acquired a new stake in shares of Alphabet in the third quarter valued at about $38,000. Finally, DiNuzzo Private Wealth Inc. purchased a new stake in shares of Alphabet during the 4th quarter valued at about $38,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Amie Thuener O’toole sold 660 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the transaction, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the sale, the director now directly owns 7,991 shares of the company’s stock, valued at $1,275,043.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 251,339 shares of company stock worth $36,033,907. 0.88% of the stock is owned by insiders.

Alphabet Company Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.