FY2025 EPS Estimates for Alphabet Inc. Increased by Wedbush (NASDAQ:GOOG)

Alphabet Inc. (NASDAQ:GOOG) – Equities researchers at Wedbush increased their FY2025 earnings estimates for Alphabet in a research report issued to clients and investors on Thursday, April 11th. Wedbush analyst S. Devitt now forecasts that the information services provider will post earnings of $7.67 per share for the year, up from their prior forecast of $7.63. The consensus estimate for Alphabet’s current full-year earnings is $6.78 per share.

Other analysts have also issued reports about the stock. Susquehanna lifted their price target on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Raymond James raised their price objective on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Morgan Stanley reissued an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a report on Thursday. Finally, Oppenheimer raised their price objective on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alphabet currently has an average rating of “Buy” and a consensus price target of $157.50.

Alphabet Stock Performance

Shares of GOOG stock opened at $159.19 on Monday. The company has a 50 day moving average price of $146.51 and a 200-day moving average price of $141.17. Alphabet has a 52 week low of $103.27 and a 52 week high of $161.70. The firm has a market capitalization of $1.98 trillion, a PE ratio of 27.45, a P/E/G ratio of 1.47 and a beta of 1.05. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The firm had revenue of $86.31 billion during the quarter, compared to analyst estimates of $85.28 billion. During the same period in the previous year, the business posted $1.05 earnings per share. The business’s revenue for the quarter was up 13.5% on a year-over-year basis.

Institutional Investors Weigh In On Alphabet

Several large investors have recently bought and sold shares of the business. DC Investments Management LLC purchased a new stake in shares of Alphabet during the first quarter valued at $115,000. Guardian Wealth Management Inc. purchased a new stake in shares of Alphabet during the first quarter valued at $184,000. Turim 21 Investimentos Ltda. boosted its stake in shares of Alphabet by 10.8% during the first quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock valued at $229,000 after purchasing an additional 8 shares during the period. qPULA Trading Management LP purchased a new stake in shares of Alphabet during the first quarter valued at $279,000. Finally, Dynamic Technology Lab Private Ltd boosted its stake in shares of Alphabet by 29.2% during the first quarter. Dynamic Technology Lab Private Ltd now owns 115 shares of the information services provider’s stock valued at $321,000 after purchasing an additional 26 shares during the period. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $142.14, for a total transaction of $3,198,150.00. Following the transaction, the chief executive officer now owns 2,400,191 shares of the company’s stock, valued at $341,163,148.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $142.14, for a total transaction of $3,198,150.00. Following the transaction, the chief executive officer now owns 2,400,191 shares of the company’s stock, valued at $341,163,148.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 660 shares of Alphabet stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares in the company, valued at approximately $4,009,032.80. The disclosure for this sale can be found here. Insiders have sold 250,539 shares of company stock valued at $35,906,259 over the last 90 days. 12.99% of the stock is currently owned by corporate insiders.

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.