Cantor Fitzgerald Expects Weaker Earnings for Alphabet

Alphabet Inc. (NASDAQ:GOOGL) – Investment analysts at Cantor Fitzgerald reduced their FY2025 EPS estimates for shares of Alphabet in a note issued to investors on Wednesday, April 16th. Cantor Fitzgerald analyst D. Mathivanan now anticipates that the information services provider will earn $8.33 per share for the year, down from their prior estimate of $8.97. Cantor Fitzgerald has a “Neutral” rating and a $159.00 price target on the stock. The consensus estimate for Alphabet’s current full-year earnings is $8.90 per share.

Several other equities analysts also recently commented on GOOGL. Mizuho decreased their price target on shares of Alphabet from $230.00 to $205.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. UBS Group set a $190.00 target price on shares of Alphabet in a research report on Thursday, March 27th. DA Davidson dropped their price target on shares of Alphabet from $200.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday. Wedbush set a $190.00 price target on Alphabet and gave the company an “outperform” rating in a research note on Tuesday. Finally, Jefferies Financial Group lowered their price objective on Alphabet from $235.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $200.74.

Alphabet Stock Down 1.5 %

GOOGL stock opened at $151.08 on Thursday. Alphabet has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. 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 stock has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 18.77, a PEG ratio of 1.34 and a beta of 1.03. The business’s fifty day moving average price is $165.82 and its two-hundred day moving average price is $175.88.

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

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.53%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 200 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $161.90, for a total transaction of $32,380.00. Following the completion of the sale, the director now directly owns 7,613 shares in the company, valued at approximately $1,232,544.70. This trade represents a 2.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the transaction, the chief executive officer now directly owns 2,717,696 shares in the company, valued at $430,917,877.76. This represents a 1.18 % 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 worth $20,286,447. Insiders own 11.55% of the company’s stock.

Institutional Investors Weigh In On Alphabet

Several large investors have recently added to or reduced their stakes in the business. Compass Planning Associates Inc acquired a new stake in shares of Alphabet in the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after buying an additional 166 shares during the period. Fiduciary Advisors Inc. bought a new position in Alphabet in the fourth quarter worth approximately $39,000. PayPay Securities Corp grew its stake in Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after acquiring an additional 65 shares during the period. Finally, Denver PWM LLC increased its holdings in shares of Alphabet by 25.4% during the third quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after acquiring an additional 57 shares in the last quarter. Institutional investors and hedge funds own 40.03% 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.