DA Davidson Brokers Lower Earnings Estimates for Alphabet

Alphabet Inc. (NASDAQ:GOOGL - Free Report) - DA Davidson reduced their Q1 2025 EPS estimates for Alphabet in a research note issued on Tuesday, April 15th. DA Davidson analyst G. Luria now forecasts that the information services provider will post earnings per share of $1.96 for the quarter, down from their prior estimate of $2.00. DA Davidson currently has a "Neutral" rating and a $160.00 price target on the stock. The consensus estimate for Alphabet's current full-year earnings is $8.90 per share. DA Davidson also issued estimates for Alphabet's FY2025 earnings at $8.43 EPS and FY2026 earnings at $9.49 EPS.

GOOGL has been the topic of a number of other reports. Mizuho lowered their target price on shares of Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company reduced their target price on Alphabet from $184.00 to $167.00 and set an "equal weight" rating for the company in a report on Monday, March 31st. JMP Securities reiterated a "market perform" rating on shares of Alphabet in a report on Thursday, April 10th. BMO Capital Markets reissued an "outperform" rating and set a $200.00 price objective (down from $230.00) on shares of Alphabet in a research note on Thursday. Finally, Citigroup decreased their price objective on Alphabet from $229.00 to $195.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $200.74.

Alphabet Stock Down 1.5 %

GOOGL stock traded down $2.25 during mid-day trading on Wednesday, reaching $151.08. The company had a trading volume of 32,930,996 shares, compared to its average volume of 28,329,951. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a fifty day simple moving average of $165.82 and a 200 day simple moving average of $175.88. The company has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. Alphabet has a fifty-two week low of $140.53 and a fifty-two week high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results 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 net margin of 28.60% and a return on equity of 32.49%.

Institutional Inflows and Outflows

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

Insider Buying and Selling

In other news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the transaction, the chief executive officer now directly owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. This represents a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O'toole sold 1,340 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares of the company's stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 148,163 shares of company stock worth $25,361,647 in the last quarter. 11.55% of the stock is owned by corporate insiders.

Alphabet Announces Dividend

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

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.