DA Davidson Issues Negative Outlook for Alphabet Earnings

Alphabet Inc. (NASDAQ:GOOGL) – Investment analysts at DA Davidson cut their Q1 2025 earnings per share (EPS) estimates for Alphabet in a research note issued on Tuesday, April 15th. DA Davidson analyst G. Luria now forecasts that the information services provider will post earnings per share of $1.96 for the quarter, down from their prior forecast of $2.00. DA Davidson has a “Neutral” rating and a $160.00 price target on the stock. The consensus estimate for Alphabet’s current full-year earnings is $8.90 per share. DA Davidson also issued estimates for Alphabet’s FY2025 earnings at $8.43 EPS and FY2026 earnings at $9.49 EPS.

Several other analysts have also recently weighed in on GOOGL. Westpark Capital raised shares of Alphabet to a “strong-buy” rating in a report on Tuesday, April 1st. DZ Bank lowered Alphabet from a “buy” rating to a “hold” rating and set a $198.00 target price on the stock. in a report on Thursday, February 6th. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Wolfe Research boosted their target price on Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Stifel Nicolaus upped their target price on shares of Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $204.72.

Alphabet Trading Down 1.7 %

NASDAQ:GOOGL opened at $156.31 on Wednesday. Alphabet has a 12-month low of $140.53 and a 12-month high of $207.05. The firm has a market cap of $1.91 trillion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average price of $167.17 and a 200 day moving average price of $176.14.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Mogy Joel R Investment Counsel Inc. increased its position in Alphabet by 0.9% during the first quarter. Mogy Joel R Investment Counsel Inc. now owns 308,812 shares of the information services provider’s stock worth $47,755,000 after buying an additional 2,674 shares during the last quarter. Accordant Advisory Group Inc bought a new stake in Alphabet during the 1st quarter worth approximately $193,000. West Oak Capital LLC increased its holdings in shares of Alphabet by 4.2% in the first quarter. West Oak Capital LLC now owns 3,235 shares of the information services provider’s stock valued at $500,000 after purchasing an additional 130 shares in the last quarter. FMB Wealth Management lifted its position in Alphabet by 3.5% during the 1st quarter. FMB Wealth Management now owns 3,917 shares of the information services provider’s stock valued at $606,000 after purchasing an additional 134 shares during the period. Finally, Yarger Wealth Strategies LLC lifted its stake in Alphabet by 5.7% in the first quarter. Yarger Wealth Strategies LLC now owns 1,716 shares of the information services provider’s stock valued at $265,000 after buying an additional 93 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the firm’s 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 owns 17,848 shares of the company’s stock, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Kent Walker sold 17,690 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 43,111 shares in the company, valued at approximately $7,997,521.61. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 115,663 shares of company stock worth $20,286,447 in the last quarter. 11.55% of the stock is owned by corporate insiders.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

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.