Erste Group Bank Boosts Earnings Estimates for Alphabet

Alphabet Inc. (NASDAQ:GOOG) – Equities researchers at Erste Group Bank lifted their FY2026 EPS estimates for Alphabet in a research report issued to clients and investors on Friday, June 5th. Erste Group Bank analyst H. Engel now expects that the information services provider will earn $14.25 per share for the year, up from their previous estimate of $14.22. The consensus estimate for Alphabet’s current full-year earnings is $14.29 per share. Erste Group Bank also issued estimates for Alphabet’s FY2027 earnings at $14.50 EPS.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.96 billion. During the same quarter in the prior year, the company posted $2.81 earnings per share. The firm’s revenue was up 21.8% on a year-over-year basis.

Several other analysts have also issued reports on GOOG. JPMorgan Chase & Co. upped their target price on Alphabet from $395.00 to $460.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Oppenheimer upped their target price on Alphabet from $425.00 to $445.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. UBS Group reiterated a “neutral” rating and set a $348.00 target price (up from $345.00) on shares of Alphabet in a report on Thursday, February 12th. DZ Bank upgraded Alphabet to a “strong-buy” rating in a report on Monday, February 16th. Finally, Pivotal Research reiterated a “buy” rating and set a $470.00 target price (up from $420.00) on shares of Alphabet in a report on Wednesday, April 29th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $376.78.

Alphabet Stock Performance

Shares of GOOG opened at $353.32 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $355.05 and a 200 day simple moving average of $328.84. The stock has a market capitalization of $4.28 trillion, a price-to-earnings ratio of 26.95, a PEG ratio of 1.55 and a beta of 1.22. Alphabet has a 12 month low of $163.33 and a 12 month high of $404.47.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a $0.22 dividend. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, June 8th. Alphabet’s dividend payout ratio is currently 6.71%.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the sale, the director owned 2,531 shares in the company, valued at $995,341.06. This represents a 29.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 193,016 shares of company stock valued at $17,282,549. Company insiders own 12.99% of the company’s stock.

Institutional Trading of Alphabet

Several institutional investors and hedge funds have recently bought and sold shares of GOOG. Imprint Wealth LLC bought a new stake in Alphabet in the third quarter valued at approximately $31,000. Nvest Wealth Strategies Inc. bought a new stake in Alphabet in the fourth quarter valued at approximately $38,000. Lifetime Wealth Management P.C. bought a new stake in Alphabet in the fourth quarter valued at approximately $38,000. Bard Associates Inc. bought a new stake in Alphabet in the fourth quarter valued at approximately $41,000. Finally, Towne Trust Company N.A grew its position in shares of Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is expanding Gemini with new tools aimed at small businesses, which could help broaden adoption and monetize AI services. Google Debuts Gemini Features Geared to Small Businesses
• Positive Sentiment: Alphabet’s support for Anthropic’s $35 billion AI infrastructure financing deal reinforces its central role in AI buildout and could boost cloud demand. Google Backs $35 Billion Anthropic AI Infrastructure Financing Deal
• Positive Sentiment: Reports that Gemini monthly users have doubled highlight strong product momentum and strengthen the long-term AI growth story. Alphabet Inc. (GOOGL) Reports Doubling of Gemini App Monthly Users to 900 Million
• Neutral Sentiment: Google’s reported $920 million-per-month AI compute deal with SpaceX may support future growth, but it also signals rising infrastructure spending and AI competition costs. Google’s $920 Million-a-Month Deal Could Supercharge the SpaceX IPO
• Negative Sentiment: A fire at a third-party data center caused intermittent Google Cloud disruptions in India, which could raise reliability concerns for some customers. Fire at third-party facility disrupts Google Cloud network traffic in India
• Negative Sentiment: A California judge denied Google’s request for a new trial in the youth social media addiction case, leaving legal liability concerns in place. Meta and Google denied new trial after landmark verdict in youth social media addiction case

Alphabet Company Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.