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

Alphabet Inc. (NASDAQ:GOOGL) – Investment analysts at Wedbush upped their FY2025 earnings per share (EPS) estimates for shares of Alphabet in a note issued to investors on Thursday, April 11th. Wedbush analyst S. Devitt now expects that the information services provider will earn $7.67 per share for the year, up from their prior 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 announced its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The firm had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. During the same quarter in the prior year, the company earned $1.05 EPS.

A number of other equities analysts have also recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating and issued a $185.00 target price (up from $178.00) on shares of Alphabet in a report on Wednesday, April 10th. Barclays dropped their price target on Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a report on Wednesday, January 31st. Roth Mkm dropped their price target on Alphabet from $166.00 to $164.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. Rosenblatt Securities dropped their price target on Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. Finally, UBS Group raised their price target on Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average 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 stock has a 50 day moving average of $145.76 and a two-hundred day moving average of $140.19. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. 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 P/E ratio of 26.62, a P/E/G ratio of 1.46 and a beta of 1.05.

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the sale, the director now directly owns 15,104 shares in the company, valued at $2,326,922.24. The sale was disclosed in a filing with the SEC, which is available at this link. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the completion of the sale, the chief executive officer now directly owns 2,377,691 shares in the company, valued at $347,832,416.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frances Arnold sold 230 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the sale, the director now owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The disclosure for this sale can be found here. Insiders sold a total of 228,839 shares of company stock worth $32,835,757 over the last quarter. Company insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. DC Investments Management LLC acquired a new stake in Alphabet during the 1st quarter worth about $114,000. Bridgefront Capital LLC acquired a new stake in Alphabet during the 1st quarter worth about $225,000. Worth Asset Management LLC acquired a new stake in Alphabet during the 1st quarter worth about $206,000. Eudaimonia Advisors LLC grew its holdings in Alphabet by 15.1% during the 1st quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock worth $275,000 after acquiring an additional 13 shares during the period. Finally, Aspire Capital Advisors LLC acquired a new stake in Alphabet during the 1st quarter worth about $281,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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.