Wedbush Has Optimistic Outlook of Alphabet FY2025 Earnings

Alphabet Inc. (NASDAQ:GOOGL) – Investment analysts at Wedbush upped their FY2025 EPS estimates for Alphabet in a research report issued on Friday, October 24th. Wedbush analyst S. Devitt now forecasts that the information services provider will post earnings of $9.91 per share for the year, up from their prior estimate of $9.90. Wedbush has a “Outperform” rating and a $260.00 price objective on the stock. The consensus estimate for Alphabet’s current full-year earnings is $8.90 per share. Wedbush also issued estimates for Alphabet’s Q4 2025 earnings at $2.50 EPS.

A number of other analysts have also recently weighed in on GOOGL. KeyCorp reaffirmed an “overweight” rating and set a $300.00 price objective (up from $265.00) on shares of Alphabet in a research report on Monday. Wolfe Research upped their price objective on shares of Alphabet from $220.00 to $290.00 in a research report on Tuesday, September 30th. Mizuho set a $295.00 target price on shares of Alphabet and gave the company an “outperform” rating in a report on Monday, September 29th. Guggenheim reissued a “buy” rating and set a $280.00 price target (up from $210.00) on shares of Alphabet in a report on Friday, October 17th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $288.00 price objective on shares of Alphabet in a research report on Tuesday, October 14th. Three analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $264.34.

Alphabet Stock Performance

NASDAQ GOOGL opened at $267.47 on Monday. The firm has a market cap of $3.23 trillion, a P/E ratio of 28.48, a P/E/G ratio of 1.82 and a beta of 1.00. Alphabet has a 52-week low of $140.53 and a 52-week high of $270.73. The business’s 50-day moving average price is $239.35 and its 200 day moving average price is $197.43. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

Insiders Place Their Bets

In related news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $249.50, for a total transaction of $8,108,750.00. Following the sale, the chief executive officer directly owned 2,397,392 shares in the company, valued at approximately $598,149,304. This trade represents a 1.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $245.00, for a total value of $680,610.00. Following the transaction, the chief accounting officer directly owned 17,293 shares in the company, valued at $4,236,785. This trade represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 246,150 shares of company stock worth $55,805,379 over the last quarter. 11.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Alphabet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. MinichMacGregor Wealth Management LLC grew its stake in shares of Alphabet by 2,128.8% during the third quarter. MinichMacGregor Wealth Management LLC now owns 46,672 shares of the information services provider’s stock valued at $11,346,000 after acquiring an additional 44,578 shares in the last quarter. Rather & Kittrell Inc. lifted its stake in shares of Alphabet by 37.9% in the third quarter. Rather & Kittrell Inc. now owns 3,210 shares of the information services provider’s stock worth $780,000 after acquiring an additional 882 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in Alphabet by 7.8% in the third quarter. Evergreen Capital Management LLC now owns 242,393 shares of the information services provider’s stock valued at $58,926,000 after purchasing an additional 17,487 shares during the last quarter. Waters Parkerson & CO. LLC grew its stake in Alphabet by 2.4% during the 3rd quarter. Waters Parkerson & CO. LLC now owns 15,457 shares of the information services provider’s stock valued at $3,758,000 after purchasing an additional 355 shares in the last quarter. Finally, Lodestar Private Asset Management LLC increased its holdings in Alphabet by 6.7% during the 3rd quarter. Lodestar Private Asset Management LLC now owns 10,720 shares of the information services provider’s stock worth $2,606,000 after purchasing an additional 673 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

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.