Alphabet (GOOG) to Release Quarterly Earnings on Thursday

Alphabet (NASDAQ:GOOG - Get Free Report) is set to announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.49 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.04. The firm had revenue of $86.31 billion for the quarter, compared to analysts' expectations of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. Alphabet's revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the business posted $1.05 EPS. On average, analysts expect Alphabet to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Alphabet Trading Up 0.4 %

GOOG traded up $0.58 during trading on Thursday, reaching $157.46. The company had a trading volume of 14,005,651 shares, compared to its average volume of 22,228,154. The firm's 50-day simple moving average is $147.35 and its 200 day simple moving average is $141.72. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 27.15, a PEG ratio of 1.44 and a beta of 1.05. Alphabet has a 12-month low of $103.27 and a 12-month high of $161.70. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10.

Insider Activity

In other news, CAO Amie Thuener O'toole sold 660 shares of Alphabet stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the sale, the chief accounting officer now directly owns 27,920 shares in the company, valued at approximately $4,009,032.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Frances Arnold sold 230 shares of the business's stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the sale, the director now directly owns 15,104 shares in the company, valued at approximately $2,326,922.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 660 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the sale, the chief accounting officer now owns 27,920 shares of the company's stock, valued at $4,009,032.80. The disclosure for this sale can be found here. Insiders sold a total of 251,339 shares of company stock worth $36,377,482 in the last three months. 12.99% of the stock is owned by insiders.

Institutional Investors Weigh In On Alphabet

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DC Investments Management LLC acquired a new stake in Alphabet in the 1st quarter worth approximately $115,000. Guardian Wealth Management Inc. acquired a new position in shares of Alphabet during the first quarter worth approximately $184,000. Turim 21 Investimentos Ltda. lifted its holdings in shares of Alphabet by 10.8% during the first quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider's stock worth $229,000 after buying an additional 8 shares during the last quarter. qPULA Trading Management LP acquired a new position in shares of Alphabet during the first quarter worth approximately $279,000. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in shares of Alphabet by 29.2% during the first quarter. Dynamic Technology Lab Private Ltd now owns 115 shares of the information services provider's stock worth $321,000 after buying an additional 26 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Raymond James lifted their target price on Alphabet from $150.00 to $160.00 and gave the company an "outperform" rating in a research note on Wednesday, January 24th. Morgan Stanley reaffirmed an "overweight" rating and set a $165.00 target price on shares of Alphabet in a research note on Thursday, April 11th. Susquehanna lifted their target price on Alphabet from $150.00 to $170.00 and gave the company a "positive" rating in a research note on Wednesday, January 31st. Oppenheimer lifted their target price on Alphabet from $172.00 to $185.00 and gave the company an "outperform" rating in a research note on Monday, April 8th. Finally, Stifel Nicolaus lifted their target price on Alphabet from $154.00 to $174.00 and gave the company a "buy" rating in a research note on Tuesday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $159.86.

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.