DA Davidson Comments on Alphabet’s Q1 Earnings (NASDAQ:GOOG)

Alphabet Inc. (NASDAQ:GOOG) – Investment analysts at DA Davidson decreased their Q1 2025 earnings estimates for Alphabet in a report issued on Tuesday, April 15th. DA Davidson analyst G. Luria now forecasts that the information services provider will post earnings of $1.96 per share for the quarter, down from their previous estimate of $2.00. The consensus estimate for Alphabet’s current full-year earnings is $8.89 per share. DA Davidson also issued estimates for Alphabet’s FY2025 earnings at $8.43 EPS and FY2026 earnings at $9.49 EPS.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%.

Several other analysts have also weighed in on GOOG. UBS Group decreased their price target on Alphabet from $209.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Wedbush restated an “outperform” rating and issued a $220.00 target price on shares of Alphabet in a report on Thursday, January 30th. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Westpark Capital began coverage on shares of Alphabet in a research report on Tuesday, April 1st. They issued a “buy” rating and a $210.00 price objective on the stock. Finally, Oppenheimer boosted their target price on Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $210.88.

Alphabet Price Performance

NASDAQ:GOOG opened at $155.50 on Wednesday. The firm has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 19.32, a PEG ratio of 1.34 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The business has a 50 day simple moving average of $168.53 and a 200-day simple moving average of $177.67. Alphabet has a 1 year low of $142.66 and a 1 year high of $208.70.

Institutional Investors Weigh In On Alphabet

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position in shares of Alphabet by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider’s stock valued at $1,843,149,000 after acquiring an additional 264,962 shares during the period. Morse Asset Management Inc acquired a new position in shares of Alphabet in the third quarter valued at about $166,000. McIlrath & Eck LLC increased its holdings in shares of Alphabet by 12.9% in the third quarter. McIlrath & Eck LLC now owns 13,575 shares of the information services provider’s stock valued at $2,270,000 after purchasing an additional 1,546 shares during the period. Passumpsic Savings Bank acquired a new stake in shares of Alphabet during the third quarter worth about $263,000. Finally, Advisory Resource Group boosted its position in Alphabet by 8.7% in the third quarter. Advisory Resource Group now owns 10,277 shares of the information services provider’s stock valued at $1,718,000 after buying an additional 822 shares during the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,340 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Kent Walker sold 17,690 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the transaction, the insider now owns 43,111 shares of the company’s stock, valued at $7,997,521.61. This represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 115,663 shares of company stock valued at $20,286,447. Company insiders own 12.99% of the company’s stock.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet’s payout ratio is 9.94%.

About Alphabet

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.