Alphabet FY2025 EPS Forecast Boosted by Seaport Res Ptn

Alphabet Inc. (NASDAQ:GOOGL) – Equities researchers at Seaport Res Ptn lifted their FY2025 earnings per share (EPS) estimates for shares of Alphabet in a research note issued on Thursday, October 30th. Seaport Res Ptn analyst A. Kessler now anticipates that the information services provider will post earnings per share of $10.57 for the year, up from their previous forecast of $9.98. The consensus estimate for Alphabet’s current full-year earnings is $8.90 per share.

Other equities analysts have also recently issued reports about the company. Stifel Nicolaus set a $333.00 price objective on Alphabet in a report on Thursday, October 30th. Tigress Financial lifted their price objective on Alphabet from $240.00 to $280.00 and gave the stock a “strong-buy” rating in a report on Friday, September 5th. Wedbush reaffirmed an “outperform” rating and set a $320.00 price objective (up from $245.00) on shares of Alphabet in a report on Thursday, October 30th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Alphabet in a report on Thursday, October 30th. Finally, Westpark Capital lifted their price objective on Alphabet from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $303.09.

Alphabet Stock Down 2.2%

GOOGL opened at $277.54 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The business has a 50 day simple moving average of $246.91 and a 200-day simple moving average of $202.13. The stock has a market capitalization of $3.36 trillion, a P/E ratio of 27.37, a P/E/G ratio of 1.86 and a beta of 1.00. Alphabet has a 12 month low of $140.53 and a 12 month high of $291.59.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, beating the consensus estimate of $2.29 by $0.58. The business had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.

Hedge Funds Weigh In On Alphabet

Several institutional investors have recently added to or reduced their stakes in GOOGL. Norges Bank acquired a new position in shares of Alphabet in the 2nd quarter valued at about $21,944,208,000. Nuveen LLC acquired a new position in shares of Alphabet in the 1st quarter valued at about $4,317,606,000. Laurel Wealth Advisors LLC lifted its stake in shares of Alphabet by 17,667.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 15,245,075 shares of the information services provider’s stock valued at $2,686,640,000 after purchasing an additional 15,159,273 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Alphabet by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 509,826,331 shares of the information services provider’s stock valued at $78,839,544,000 after purchasing an additional 14,307,345 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Alphabet by 51.7% in the 2nd quarter. Franklin Resources Inc. now owns 31,817,684 shares of the information services provider’s stock valued at $5,607,232,000 after purchasing an additional 10,843,853 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Frances Arnold sold 112 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $291.80, for a total value of $32,681.60. Following the sale, the director directly owned 18,004 shares in the company, valued at $5,253,567.20. This represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 17,816 shares of the company’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $247.42, for a total value of $4,408,034.72. Following the completion of the sale, the insider owned 42,985 shares in the company, valued at $10,635,348.70. This represents a 29.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 190,896 shares of company stock valued at $45,092,175. Insiders own 11.64% of the company’s stock.

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.