DA Davidson Has Pessimistic View of Alphabet FY2025 Earnings

Alphabet Inc. (NASDAQ:GOOG) – Analysts at DA Davidson cut their FY2025 earnings estimates for shares of Alphabet in a note issued to investors on Wednesday, February 5th. DA Davidson analyst G. Luria now forecasts that the information services provider will post earnings of $8.65 per share for the year, down from their previous forecast of $8.75. The consensus estimate for Alphabet’s current full-year earnings is $8.02 per share.

A number of other equities research analysts also recently weighed in on the stock. Barclays boosted their price target on shares of Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Wedbush reissued an “outperform” rating and issued a $220.00 price target on shares of Alphabet in a research note on Thursday, January 30th. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Oppenheimer increased their target price on Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Citigroup boosted their target price on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $209.13.

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $187.14 on Friday. The stock has a market capitalization of $2.29 trillion, a P/E ratio of 24.82, a P/E/G ratio of 1.32 and a beta of 1.00. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet has a 1-year low of $131.55 and a 1-year high of $208.70. The business has a 50-day moving average price of $192.78 and a two-hundred day moving average price of $176.15.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 31.66% and a net margin of 27.74%.

Institutional Trading of Alphabet

A number of hedge funds and other institutional investors have recently modified their holdings of GOOG. Fiduciary Advisors Inc. acquired a new position in shares of Alphabet during the 4th quarter worth approximately $27,000. Weiss Asset Management LP bought a new position in shares of Alphabet in the third quarter valued at $25,000. Safe Harbor Fiduciary LLC acquired a new position in Alphabet during the third quarter worth $33,000. Noble Wealth Management PBC bought a new stake in Alphabet during the fourth quarter worth $43,000. Finally, FPC Investment Advisory Inc. lifted its stake in Alphabet by 287.9% in the fourth quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider’s stock valued at $46,000 after acquiring an additional 167 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the transaction, the director now owns 21,824 shares of the company’s stock, valued at approximately $4,142,195.20. This trade represents a 6.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,529 shares of company stock worth $16,600,078. Corporate insiders own 12.99% of the company’s stock.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Monday, March 10th. Alphabet’s payout ratio is presently 10.61%.

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.