Cantor Fitzgerald Cuts Earnings Estimates for Alphabet

Alphabet Inc. (NASDAQ:GOOGL - Free Report) - Cantor Fitzgerald reduced their FY2025 earnings estimates for Alphabet in a note issued to 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 forecast 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.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping 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%.

Several other brokerages have also issued reports on GOOGL. Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. BMO Capital Markets reissued an "outperform" rating and issued a $200.00 target price (down previously from $230.00) on shares of Alphabet in a research note on Thursday. KeyCorp decreased their target price on Alphabet from $220.00 to $202.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. Roth Mkm reissued a "buy" rating and set a $220.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Finally, Wedbush set a $190.00 target price on Alphabet and gave the company an "outperform" rating in a research note on Tuesday, April 15th. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus target price of $200.74.

Alphabet Price Performance

Shares of GOOGL stock traded down $3.90 during trading hours on Thursday, hitting $147.26. 10,768,681 shares of the company's stock were exchanged, compared to its average volume of 28,247,100. Alphabet has a 52 week low of $140.53 and a 52 week high of $207.05. The stock has a market cap of $1.80 trillion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. 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's 50-day moving average is $165.14 and its 200-day moving average is $175.91.

Institutional Investors Weigh In On Alphabet

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Compass Planning Associates Inc bought a new position in Alphabet in the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Alphabet by 518.8% during the fourth 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 in the last quarter. Fiduciary Advisors Inc. purchased a new position in Alphabet during the fourth quarter worth about $39,000. PayPay Securities Corp grew its position in Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Finally, Denver PWM LLC increased its stake in Alphabet by 25.4% in the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock valued at $47,000 after buying an additional 57 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 29,066 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total value of $5,374,012.74. Following the completion of the sale, the director now directly owns 272,466 shares of the company's stock, valued at approximately $50,376,238.74. The trade was a 9.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 148,163 shares of company stock worth $25,361,647. Corporate insiders own 11.55% of the company's stock.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.54%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is presently 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.