Wedbush Comments on Alphabet Inc.’s FY2025 Earnings (NASDAQ:GOOG)

Alphabet Inc. (NASDAQ:GOOG) – Equities researchers at Wedbush raised their FY2025 earnings per share (EPS) estimates for Alphabet in a note issued to investors on Thursday, April 11th. Wedbush analyst S. Devitt now anticipates that the information services provider will earn $7.67 per share for the year, up from their previous estimate of $7.63. The consensus estimate for Alphabet’s current full-year earnings is $6.78 per share.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The firm had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 earnings per share.

Other analysts also recently issued reports about the company. Susquehanna increased their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Morgan Stanley reaffirmed an “overweight” rating and set a $165.00 price target on shares of Alphabet in a research report on Thursday, April 11th. Oppenheimer increased their price target on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Stifel Nicolaus increased their price target on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Raymond James increased their price target on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $159.86.

Alphabet Stock Performance

Shares of Alphabet stock opened at $156.00 on Monday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.94 trillion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.47 and a beta of 1.05. The business has a 50 day moving average price of $146.95 and a 200-day moving average price of $141.51. Alphabet has a 52 week low of $103.27 and a 52 week high of $161.70.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $159.56, for a total value of $127,648.00. Following the completion of the transaction, the director now directly owns 7,991 shares of the company’s stock, valued at $1,275,043.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the completion of the sale, the chief executive officer now owns 2,325,513 shares of the company’s stock, valued at $362,012,608.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction on Friday, April 12th. The shares were sold at an average price of $159.56, for a total value of $127,648.00. Following the sale, the director now directly owns 7,991 shares of the company’s stock, valued at approximately $1,275,043.96. The disclosure for this sale can be found here. Insiders sold 228,839 shares of company stock valued at $32,835,757 over the last ninety days. 12.99% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Alphabet

Several large investors have recently added to or reduced their stakes in the business. Tandem Wealth Advisors LLC bought a new stake in Alphabet during the third quarter worth about $25,000. HWG Holdings LP bought a new stake in Alphabet during the second quarter worth about $26,000. Bruce G. Allen Investments LLC bought a new stake in Alphabet during the fourth quarter worth about $26,000. Partnership Wealth Management LLC bought a new stake in Alphabet during the fourth quarter worth about $26,000. Finally, Equitec Proprietary Markets LLC purchased a new position in shares of Alphabet in the fourth quarter worth about $28,000. Institutional investors own 27.26% 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.