Alphabet Inc. (NASDAQ:GOOGL - Free Report) - Research analysts at Roth Capital upped their FY2025 earnings per share estimates for shares of Alphabet in a research note issued to investors on Wednesday, October 30th. Roth Capital analyst R. Kulkarni now forecasts that the information services provider will post earnings of $10.07 per share for the year, up from their prior estimate of $9.39. The consensus estimate for Alphabet's current full-year earnings is $7.65 per share.
GOOGL has been the topic of a number of other research reports. Piper Sandler restated an "overweight" rating and set a $210.00 price target (up previously from $200.00) on shares of Alphabet in a report on Wednesday. Sanford C. Bernstein boosted their price target on Alphabet from $180.00 to $185.00 and gave the company a "market perform" rating in a report on Wednesday. BMO Capital Markets restated an "outperform" rating and set a $217.00 price target (up previously from $215.00) on shares of Alphabet in a report on Wednesday. Tigress Financial boosted their price target on Alphabet from $210.00 to $220.00 and gave the company a "strong-buy" rating in a report on Thursday, September 26th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $210.00 target price on shares of Alphabet in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $205.51.
Check Out Our Latest Research Report on Alphabet
Alphabet Trading Down 1.9 %
NASDAQ:GOOGL traded down $3.35 during mid-day trading on Thursday, reaching $171.11. 44,707,297 shares of the company's stock traded hands, compared to its average volume of 27,224,047. Alphabet has a 12-month low of $122.68 and a 12-month high of $191.75. The firm has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 26.24, a PEG ratio of 1.27 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. The company has a 50 day moving average price of $162.32 and a 200-day moving average price of $168.79.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The company had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same quarter in the previous year, the company posted $1.55 EPS.
Hedge Funds Weigh In On Alphabet
A number of institutional investors have recently bought and sold shares of GOOGL. Burns J W & Co. Inc. NY raised its holdings in Alphabet by 7.4% in the 1st quarter. Burns J W & Co. Inc. NY now owns 24,861 shares of the information services provider's stock worth $3,752,000 after purchasing an additional 1,720 shares during the period. Grimes & Company Inc. increased its stake in Alphabet by 1.6% in the 1st quarter. Grimes & Company Inc. now owns 176,121 shares of the information services provider's stock worth $26,582,000 after buying an additional 2,727 shares in the last quarter. Saratoga Research & Investment Management increased its stake in Alphabet by 19.1% in the 1st quarter. Saratoga Research & Investment Management now owns 1,001,128 shares of the information services provider's stock worth $151,100,000 after buying an additional 160,884 shares in the last quarter. First Bank & Trust increased its stake in Alphabet by 2.5% in the 1st quarter. First Bank & Trust now owns 9,694 shares of the information services provider's stock worth $1,463,000 after buying an additional 239 shares in the last quarter. Finally, Baker Ellis Asset Management LLC increased its stake in Alphabet by 5.7% in the 1st quarter. Baker Ellis Asset Management LLC now owns 21,355 shares of the information services provider's stock worth $3,223,000 after buying an additional 1,150 shares in the last quarter. 40.03% of the stock is owned by institutional investors.
Insider Activity
In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the transaction, the chief executive officer now directly owns 2,106,806 shares of the company's stock, valued at $350,361,837.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the transaction, the chief executive officer now directly owns 2,106,806 shares of the company's stock, valued at $350,361,837.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O'toole sold 682 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total value of $114,576.00. Following the transaction, the chief accounting officer now directly owns 31,334 shares in the company, valued at $5,264,112. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 220,426 shares of company stock valued at $35,993,340 in the last ninety days. 11.55% of the stock is currently owned by company insiders.
Alphabet Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Alphabet's payout ratio is 12.27%.
Alphabet Company Profile
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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.
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