FY2025 EPS Estimates for Alphabet Decreased by Analyst

Alphabet Inc. (NASDAQ:GOOG) – Equities researchers at Cantor Fitzgerald dropped their FY2025 earnings per share estimates for shares of Alphabet in a research report issued to clients and investors on Wednesday, April 16th. Cantor Fitzgerald analyst D. Mathivanan now anticipates that the information services provider will post earnings of $8.33 per share for the year, down from their prior estimate of $8.75. Cantor Fitzgerald has a “Neutral” rating and a $200.00 price objective on the stock. The consensus estimate for Alphabet’s current full-year earnings is $8.89 per share.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%.

Other equities analysts have also recently issued research reports about the stock. UBS Group dropped their target price on shares of Alphabet from $209.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Scotiabank boosted their price target on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Finally, KeyCorp decreased their price objective on shares of Alphabet from $202.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $210.88.

Alphabet Stock Down 1.4 %

GOOG opened at $153.36 on Thursday. Alphabet has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. The firm has a market capitalization of $1.87 trillion, a P/E ratio of 19.05, a PEG ratio of 1.34 and a beta of 1.04. The company’s 50-day moving average is $167.16 and its 200 day moving average is $177.47. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

Institutional Investors Weigh In On Alphabet

Hedge funds have recently bought and sold shares of the stock. Principia Wealth Advisory LLC lifted its stake in Alphabet by 111.8% during the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider’s stock worth $26,000 after purchasing an additional 85 shares during the last quarter. Fiduciary Advisors Inc. purchased a new position in shares of Alphabet during the 4th quarter valued at about $27,000. LSV Asset Management bought a new stake in Alphabet in the 4th quarter worth approximately $27,000. WealthTrak Capital Management LLC bought a new stake in Alphabet in the 4th quarter worth approximately $38,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in Alphabet in the fourth quarter worth approximately $39,000. 27.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, 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 directly owns 43,111 shares in the company, valued at $7,997,521.61. The trade was a 29.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $156.16, for a total value of $5,075,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,685,196 shares in the company, valued at approximately $419,320,207.36. The trade was a 1.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 148,163 shares of company stock valued at $25,361,647. Company insiders own 12.99% of the company’s stock.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.52%. Alphabet’s dividend payout ratio is currently 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.