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

Alphabet Inc. (NASDAQ:GOOGL) – Analysts at Wedbush raised their FY2025 earnings estimates for Alphabet in a research report issued on Thursday, April 11th. Wedbush analyst S. Devitt now anticipates that the information services provider will post earnings per share of $7.67 for the year, up from their previous estimate of $7.63. Wedbush currently has a “Outperform” rating and a $175.00 target price on the stock. The consensus estimate for Alphabet’s current full-year earnings is $6.78 per share.

Alphabet (NASDAQ:GOOGL) last issued its 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 company had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. During the same period in the previous year, the firm earned $1.05 earnings per share.

A number of other equities analysts also recently commented on the stock. Rosenblatt Securities reduced their target price on shares of Alphabet from $174.00 to $172.00 and set a “buy” rating on the stock in a research note on Wednesday, January 31st. JMP Securities reiterated a “market outperform” rating and set a $160.00 price target on shares of Alphabet in a research report on Wednesday, April 10th. Redburn Atlantic lifted their price target on shares of Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Wolfe Research lifted their price target on shares of Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, Citigroup reiterated a “buy” rating and set a $168.00 price target on shares of Alphabet in a research report on Wednesday, April 10th. Five analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.64.

Alphabet Price Performance

Shares of GOOGL stock opened at $154.40 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The firm’s 50-day moving average is $145.76 and its two-hundred day moving average is $140.19. Alphabet has a 12 month low of $102.63 and a 12 month high of $160.22. The company has a market capitalization of $1.92 trillion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05.

Institutional Trading of Alphabet

Several institutional investors and hedge funds have recently bought and sold shares of the business. Searcy Financial Services Inc. ADV raised its position in Alphabet by 5.6% in the 1st quarter. Searcy Financial Services Inc. ADV now owns 1,885 shares of the information services provider’s stock valued at $285,000 after purchasing an additional 100 shares during the last quarter. Toth Financial Advisory Corp raised its position in Alphabet by 9.4% in the 1st quarter. Toth Financial Advisory Corp now owns 72,284 shares of the information services provider’s stock valued at $10,910,000 after purchasing an additional 6,215 shares during the last quarter. Viewpoint Capital Management LLC raised its position in Alphabet by 12.6% in the 1st quarter. Viewpoint Capital Management LLC now owns 5,463 shares of the information services provider’s stock valued at $824,000 after purchasing an additional 613 shares during the last quarter. Weaver Consulting Group raised its position in Alphabet by 1.6% during the 1st quarter. Weaver Consulting Group now owns 9,160 shares of the information services provider’s stock worth $1,383,000 after buying an additional 144 shares during the last quarter. Finally, Occidental Asset Management LLC raised its position in Alphabet by 10.1% during the 1st quarter. Occidental Asset Management LLC now owns 5,011 shares of the information services provider’s stock worth $756,000 after buying an additional 459 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the sale, the director now owns 15,104 shares in the company, valued at approximately $2,326,922.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the sale, the director now owns 15,104 shares in the company, valued at approximately $2,326,922.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $139.51, for a total transaction of $41,853.00. Following the sale, the director now owns 9,291 shares of the company’s stock, valued at approximately $1,296,187.41. The disclosure for this sale can be found here. In the last quarter, insiders sold 228,839 shares of company stock worth $32,835,757. 0.88% of the stock is currently owned by insiders.

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.