FY2025 EPS Estimates for Alphabet Increased by Analyst

Alphabet Inc. (NASDAQ:GOOGL) – Equities researchers at Seaport Res Ptn boosted their FY2025 earnings per share (EPS) estimates for Alphabet in a research note issued on Wednesday, July 23rd. Seaport Res Ptn analyst A. Kessler now anticipates that the information services provider will post earnings of $9.98 per share for the year, up from their prior estimate of $9.67. The consensus estimate for Alphabet’s current full-year earnings is $8.90 per share.

Other equities analysts have also issued research reports about the company. Oppenheimer boosted their price objective on Alphabet from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, April 25th. Truist Financial reissued a “buy” rating and issued a $200.00 price objective on shares of Alphabet in a research note on Wednesday, July 2nd. Guggenheim boosted their price objective on Alphabet from $190.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Susquehanna boosted their price objective on Alphabet from $220.00 to $225.00 and gave the stock a “positive” rating in a research note on Thursday, July 24th. Finally, BNP Paribas Exane reissued a “neutral” rating and issued a $172.00 price objective on shares of Alphabet in a research note on Friday, June 27th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $211.39.

Alphabet Price Performance

Alphabet stock opened at $195.75 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market cap of $2.38 trillion, a P/E ratio of 20.85, a P/E/G ratio of 1.29 and a beta of 1.00. The business’s fifty day moving average is $176.93 and its two-hundred day moving average is $172.95. Alphabet has a 52 week low of $140.53 and a 52 week high of $207.05.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.43%. Alphabet’s dividend payout ratio is currently 8.95%.

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the completion of the transaction, the chief executive officer directly owned 2,559,892 shares of the company’s stock, valued at $456,991,919.84. This represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 18,566 shares of the company’s stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $3,448,820.16. Following the transaction, the director directly owned 243,400 shares of the company’s stock, valued at $45,213,984. This represents a 7.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 249,298 shares of company stock valued at $43,505,967 over the last ninety days. 11.55% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Alphabet by 2.9% during the first quarter. Vanguard Group Inc. now owns 509,826,331 shares of the information services provider’s stock worth $78,839,544,000 after buying an additional 14,307,345 shares during the period. FMR LLC boosted its position in Alphabet by 9.8% during the fourth quarter. FMR LLC now owns 248,416,916 shares of the information services provider’s stock valued at $47,025,322,000 after purchasing an additional 22,100,902 shares during the last quarter. Norges Bank acquired a new position in Alphabet during the fourth quarter valued at approximately $24,383,677,000. Price T Rowe Associates Inc. MD boosted its position in Alphabet by 8.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 98,638,127 shares of the information services provider’s stock valued at $18,672,198,000 after purchasing an additional 7,574,417 shares during the last quarter. Finally, Capital Research Global Investors boosted its position in Alphabet by 16.2% during the fourth quarter. Capital Research Global Investors now owns 72,033,086 shares of the information services provider’s stock valued at $13,635,878,000 after purchasing an additional 10,037,685 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

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.