William Blair Increases Earnings Estimates for Alphabet

Alphabet Inc. (NASDAQ:GOOGL) – William Blair raised their FY2026 earnings per share (EPS) estimates for Alphabet in a research note issued on Wednesday, July 23rd. William Blair analyst R. Schackart now expects that the information services provider will earn $10.60 per share for the year, up from their previous estimate of $9.83. The consensus estimate for Alphabet’s current full-year earnings is $8.90 per share.

Other analysts have also issued reports about the stock. Truist Financial reaffirmed a “buy” rating and set a $200.00 price objective on shares of Alphabet in a research note on Wednesday, July 2nd. BNP Paribas downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 26th. Tigress Financial lifted their price objective on shares of Alphabet from $220.00 to $240.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, April 30th. Citigroup increased their target price on Alphabet from $203.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, Barclays raised their target price on Alphabet from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.39.

Alphabet Trading Up 1.6%

Shares of GOOGL stock opened at $195.75 on Monday. The stock has a 50-day simple moving average of $176.93 and a 200 day simple moving average of $172.95. The stock has a market capitalization of $2.38 trillion, a P/E ratio of 20.85, a P/E/G ratio of 1.29 and a beta of 1.00. Alphabet has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.43%. The ex-dividend date is Monday, September 8th. Alphabet’s dividend payout ratio is 8.95%.

Insiders Place Their Bets

In related news, Director Kavitark Ram Shriram sold 18,566 shares of the firm’s stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $3,448,820.16. Following the transaction, the director owned 243,400 shares in the company, valued at $45,213,984. This trade represents a 7.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the transaction, the chief executive officer owned 2,559,892 shares in the company, valued at approximately $456,991,919.84. The trade was a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 249,298 shares of company stock worth $43,505,967 over the last quarter. Corporate insiders own 11.55% of the company’s stock.

Institutional Investors Weigh In On Alphabet

A number of institutional investors have recently made changes to their positions in the stock. Lyell Wealth Management LP boosted its stake in Alphabet by 5.4% during the 2nd quarter. Lyell Wealth Management LP now owns 152,482 shares of the information services provider’s stock worth $26,872,000 after acquiring an additional 7,865 shares during the last quarter. Accretive Wealth Partners LLC raised its holdings in Alphabet by 1.8% in the second quarter. Accretive Wealth Partners LLC now owns 6,116 shares of the information services provider’s stock worth $1,078,000 after purchasing an additional 106 shares during the period. Stephens Inc. AR boosted its position in shares of Alphabet by 8.3% during the second quarter. Stephens Inc. AR now owns 310,293 shares of the information services provider’s stock worth $54,683,000 after purchasing an additional 23,740 shares in the last quarter. Alaska Wealth Advisors acquired a new position in shares of Alphabet in the 2nd quarter valued at $217,000. Finally, Beverly Hills Private Wealth LLC increased its position in shares of Alphabet by 27.4% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 19,935 shares of the information services provider’s stock valued at $3,513,000 after buying an additional 4,292 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

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.