FY2025 EPS Estimates for Alphabet Inc. Raised by Wedbush (NASDAQ:GOOG)

Alphabet Inc. (NASDAQ:GOOG) – Equities researchers at Wedbush boosted their FY2025 EPS estimates for shares of Alphabet in a report released on Thursday, April 11th. Wedbush analyst S. Devitt now forecasts that the information services provider will post earnings per share of $7.67 for the year, up from their previous estimate of $7.63. The consensus estimate for Alphabet’s current full-year earnings is $6.78 per share.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $86.31 billion for the quarter, compared to analyst estimates of $85.28 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 earnings per share.

Several other research analysts have also recently commented on the company. Morgan Stanley reissued an “overweight” rating and set a $165.00 target price on shares of Alphabet in a research note on Thursday, April 11th. Susquehanna upped their target price on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Oppenheimer raised their target price on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Finally, Raymond James boosted their price target on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alphabet has a consensus rating of “Buy” and an average target price of $157.50.

Alphabet Stock Performance

NASDAQ:GOOG opened at $156.33 on Monday. The company has a market cap of $1.94 trillion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 1.47 and a beta of 1.05. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet has a 52 week low of $103.27 and a 52 week high of $161.70. The company has a fifty day simple moving average of $146.73 and a two-hundred day simple moving average of $141.34.

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the transaction, the director now owns 15,104 shares in the company, valued at approximately $2,326,922.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Alphabet news, Director John L. Hennessy sold 300 shares of Alphabet stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $139.51, for a total value of $41,853.00. Following the transaction, the director now directly owns 9,291 shares in the company, valued at approximately $1,296,187.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now owns 15,104 shares in the company, valued at $2,326,922.24. 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. 12.99% of the stock is currently owned by insiders.

Institutional Trading of Alphabet

Hedge funds have recently made changes to their positions in the company. Tandem Wealth Advisors LLC acquired a new stake in Alphabet in the third quarter valued at $25,000. HWG Holdings LP purchased a new position in shares of Alphabet in the second quarter valued at $26,000. Bruce G. Allen Investments LLC acquired a new position in Alphabet during the fourth quarter worth about $26,000. Partnership Wealth Management LLC purchased a new stake in Alphabet in the 4th quarter valued at approximately $26,000. Finally, Equitec Proprietary Markets LLC purchased a new stake in shares of Alphabet in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

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.