Roth Capital Analysts Boost Earnings Estimates for Alphabet

Alphabet Inc. (NASDAQ:GOOGL - Free Report) - Roth Capital increased their Q1 2025 earnings per share estimates for Alphabet in a report released on Monday, April 21st. Roth Capital analyst R. Kulkarni now forecasts that the information services provider will post earnings of $2.37 per share for the quarter, up from their prior forecast of $2.20. The consensus estimate for Alphabet's current full-year earnings is $8.90 per share. Roth Capital also issued estimates for Alphabet's Q2 2025 earnings at $2.42 EPS, Q4 2025 earnings at $2.40 EPS and FY2026 earnings at $10.04 EPS.

Other equities research analysts have also recently issued research reports about the stock. Needham & Company LLC reiterated a "buy" rating and set a $178.00 target price on shares of Alphabet in a research report on Friday. Stifel Nicolaus dropped their target price on shares of Alphabet from $225.00 to $192.00 and set a "buy" rating for the company in a research report on Wednesday. Cantor Fitzgerald lowered their price objective on shares of Alphabet from $200.00 to $159.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Oppenheimer raised their price objective on shares of Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Alphabet from $220.00 to $180.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus price target of $198.63.

Alphabet Price Performance

Shares of GOOGL stock traded up $2.68 during mid-day trading on Wednesday, reaching $161.96. The company's stock had a trading volume of 55,957,898 shares, compared to its average volume of 28,290,487. Alphabet has a 1-year low of $140.53 and a 1-year high of $207.05. The company has a market cap of $1.97 trillion, a P/E ratio of 20.12, a PEG ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm's 50-day moving average is $162.18 and its two-hundred day moving average is $175.62.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The company had revenue of $76.49 billion during the quarter, compared to analysts' expectations of $89.30 billion. During the same quarter in the prior year, the company posted $1.89 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its position in Alphabet by 9.8% in the fourth quarter. FMR LLC now owns 248,416,916 shares of the information services provider's stock valued at $47,025,322,000 after buying an additional 22,100,902 shares in the last quarter. Norges Bank acquired a new stake in Alphabet in the fourth quarter valued at approximately $24,383,677,000. Price T Rowe Associates Inc. MD boosted its position in Alphabet by 8.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 98,638,127 shares of the information services provider's stock valued at $18,672,198,000 after buying an additional 7,574,417 shares in the last quarter. Capital Research Global Investors boosted its position in Alphabet by 16.2% in the fourth quarter. Capital Research Global Investors now owns 72,033,086 shares of the information services provider's stock valued at $13,635,878,000 after buying an additional 10,037,685 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Alphabet by 17.0% in the fourth quarter. Northern Trust Corp now owns 69,616,854 shares of the information services provider's stock valued at $13,178,470,000 after buying an additional 10,135,430 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 1,340 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares of the company's stock, valued at $3,606,723.84. This represents a 6.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 17,690 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the transaction, the insider now directly owns 43,111 shares in the company, valued at $7,997,521.61. This represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 148,163 shares of company stock worth $25,361,647. Insiders own 11.55% of the company's stock.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be paid a $0.21 dividend. This is an increase from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.52%. Alphabet's dividend payout ratio (DPR) is 9.94%.

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.