Cantor Fitzgerald Predicts Alphabet FY2025 Earnings

Alphabet Inc. (NASDAQ:GOOGL - Free Report) - Stock analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for Alphabet in a research report issued on Tuesday, January 21st. Cantor Fitzgerald analyst D. Mathivanan forecasts that the information services provider will post earnings of $9.05 per share for the year. Cantor Fitzgerald has a "Neutral" rating and a $210.00 price target on the stock. The consensus estimate for Alphabet's current full-year earnings is $8.03 per share.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter in the prior year, the firm posted $1.55 earnings per share.

Several other research analysts also recently weighed in on GOOGL. Wells Fargo & Company upped their price target on shares of Alphabet from $187.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. Bank of America reissued a "buy" rating and issued a $210.00 price target on shares of Alphabet in a research note on Monday, December 23rd. Robert W. Baird reaffirmed an "outperform" rating and set a $205.00 price objective on shares of Alphabet in a research report on Tuesday, December 10th. Evercore ISI increased their target price on shares of Alphabet from $200.00 to $205.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, China Renaissance upgraded shares of Alphabet from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Nine investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and a consensus price target of $208.67.

Alphabet Price Performance

Shares of Alphabet stock traded down $0.13 during trading hours on Wednesday, reaching $197.92. The stock had a trading volume of 14,568,741 shares, compared to its average volume of 22,833,992. Alphabet has a twelve month low of $130.66 and a twelve month high of $202.29. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock's 50 day moving average is $185.07 and its 200 day moving average is $173.38. The firm has a market capitalization of $2.42 trillion, a PE ratio of 26.23, a PEG ratio of 1.26 and a beta of 0.98.

Institutional Trading of Alphabet

A number of institutional investors have recently bought and sold shares of the stock. LMR Partners LLP purchased a new position in shares of Alphabet during the 3rd quarter valued at approximately $32,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of 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 valued at $37,000 after purchasing an additional 166 shares in the last quarter. Denver PWM LLC increased its holdings in shares of Alphabet by 25.4% during the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock valued at $47,000 after purchasing an additional 57 shares in the last quarter. Quarry LP purchased a new position in shares of Alphabet during the 2nd quarter valued at approximately $53,000. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in Alphabet in the 3rd quarter worth $66,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total value of $6,870,532.68. Following the transaction, the director now owns 282,832 shares of the company's stock, valued at $52,329,576.64. The trade was a 11.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the transaction, the insider now directly owns 43,981 shares in the company, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 133,387 shares of company stock valued at $24,368,654 over the last three months. 11.55% of the stock is owned by company insiders.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.40%. Alphabet's payout ratio is currently 10.61%.

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.