2 weeks Ago By ABMN Staff
Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) – Equities researchers at Cantor Fitzgerald reduced their FY2025 EPS estimates for shares of Alphabet in a research note issued on Wednesday, April 16th. Cantor Fitzgerald analyst D.
Mathivanan now forecasts that the information services provider will post earnings of $8.33 per share for the year, down from their previous forecast of $8.97.
Cantor Fitzgerald has a “Neutral” rating and a $159.00 price objective on the stock. The consensus estimate for Alphabet’s current full-year earnings is $8.
90 per share. Several other research firms also recently weighed in on GOOGL. Truist Financial decreased their price objective on Alphabet from $220.
00 to $200.00 and set a “buy” rating for the company in a report on Thursday. Stifel Nicolaus lifted their price objective on shares of Alphabet from $200.
00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $178.
00 price objective on shares of Alphabet in a report on Wednesday. Rosenblatt Securities reiterated a “neutral” rating and issued a $205.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th.
Finally, DA Davidson reduced their price objective on shares of Alphabet from $200.00 to $160.00 and set a “neutral” rating for the company in a research note on Monday, April 14th.
Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $200.
74. Alphabet Stock Down 1.5 % Alphabet stock opened at $151.
08 on Thursday. The stock has a 50-day simple moving average of $165.14 and a 200-day simple moving average of $175.
77. The company has a market capitalization of $1.84 trillion, a P/E ratio of 18.
77, a PEG ratio of 1.34 and a beta of 1.03.
The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.
84. 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 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03.
Alphabet had a net margin of 28.60% and a return on equity of 32.49%.
Alphabet Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend.
This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.53%.
The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio is presently 9.94%.
Insider Buying and Selling at Alphabet In related news, insider John Kent Walker sold 17,690 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value of $3,281,671.
90. Following the completion of the transaction, the insider now owns 43,111 shares of the company’s stock, valued at approximately $7,997,521.61.
This represents a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link .
Also, CAO Amie Thuener O’toole sold 673 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.
09. Following the sale, the chief accounting officer now directly owns 15,303 shares of the company’s stock, valued at $2,377,014.99.
The trade was a 4.21 % decrease in their position. The disclosure for this sale can be found here .
Insiders have sold 148,163 shares of company stock valued at $25,361,647 over the last three months. 11.55% of the stock is owned by company insiders.
Hedge Funds Weigh In On Alphabet Several large investors have recently added to or reduced their stakes in the company. Community Bank N.A.
boosted its stake in Alphabet by 6.4% during the 4th quarter. Community Bank N.
A. now owns 46,173 shares of the information services provider’s stock valued at $8,741,000 after purchasing an additional 2,790 shares during the period. Premier Fund Managers Ltd boosted its holdings in shares of Alphabet by 30.
0% in the fourth quarter. Premier Fund Managers Ltd now owns 61,792 shares of the information services provider’s stock valued at $11,816,000 after acquiring an additional 14,262 shares in the last quarter. Absolute Capital Management LLC boosted its stake in Alphabet by 14.
0% during the 4th quarter. Absolute Capital Management LLC now owns 2,096 shares of the information services provider’s stock valued at $401,000 after purchasing an additional 258 shares in the last quarter. Permanent Capital Management LP acquired a new stake in shares of Alphabet in the fourth quarter valued at $273,000.
Finally, Glass Wealth Management Co LLC boosted its stake in Alphabet by 4.5% during the fourth quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider’s stock valued at $7,014,000 after buying an additional 1,580 shares in the last quarter.
40.03% of the stock is currently owned by institutional investors. Alphabet Company Profile ( Get Free Report ) 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. Featured Stories Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.
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