Seaport Res Ptn Boosts Earnings Estimates for Alphabet

by · The Cerbat Gem

Alphabet Inc. (NASDAQ:GOOG – Free Report) – Equities researchers at Seaport Res Ptn boosted their FY2025 earnings per share (EPS) estimates for shares of Alphabet in a report released on Thursday, October 30th. Seaport Res Ptn analyst A. Kessler now anticipates that the information services provider will post earnings of $10.57 per share for the year, up from their previous forecast of $9.98. The consensus estimate for Alphabet’s current full-year earnings is $8.89 per share.

Alphabet (NASDAQ:GOOG – Get Free Report) last released its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.58. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The company had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. During the same quarter last year, the business posted $2.12 earnings per share. Alphabet’s revenue was up 15.9% compared to the same quarter last year.

Several other equities research analysts have also recently issued reports on GOOG. Rosenblatt Securities set a $279.00 price target on shares of Alphabet in a research note on Thursday. Morgan Stanley raised their target price on shares of Alphabet from $210.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Hsbc Global Res upgraded Alphabet to a “strong-buy” rating in a report on Tuesday, October 7th. Sanford C. Bernstein increased their price target on Alphabet from $260.00 to $305.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Finally, Scotiabank set a $336.00 price objective on Alphabet and gave the company a “sector outperform” rating in a research report on Thursday. Five analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $324.81.

Read Our Latest Stock Report on GOOG

Alphabet Stock Up 0.8%

GOOG opened at $284.12 on Monday. The firm has a market cap of $3.44 trillion, a P/E ratio of 28.02, a PEG ratio of 1.86 and a beta of 1.00. The business’s fifty day simple moving average is $246.09 and its 200 day simple moving average is $202.22. Alphabet has a 52 week low of $142.66 and a 52 week high of $291.93. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total value of $694,638.90. Following the transaction, the chief accounting officer directly owned 14,516 shares of the company’s stock, valued at $3,629,725.80. This trade represents a 16.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frances Arnold sold 112 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $291.80, for a total transaction of $32,681.60. Following the completion of the transaction, the director owned 18,004 shares in the company, valued at $5,253,567.20. This represents a 0.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 222,442 shares of company stock valued at $51,200,307. 12.99% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alphabet

A number of institutional investors have recently modified their holdings of the stock. IFS Advisors LLC increased its holdings in shares of Alphabet by 400.0% in the 2nd quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 120 shares during the last quarter. Robbins Farley increased its stake in Alphabet by 60.0% during the second quarter. Robbins Farley now owns 160 shares of the information services provider’s stock valued at $28,000 after purchasing an additional 60 shares during the last quarter. WestEnd Advisors LLC raised its holdings in shares of Alphabet by 58.7% during the second quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock worth $29,000 after purchasing an additional 61 shares during the period. Fairman Group LLC lifted its position in shares of Alphabet by 121.3% in the 2nd quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock worth $31,000 after buying an additional 97 shares during the last quarter. Finally, University of Illinois Foundation bought a new position in shares of Alphabet in the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

About Alphabet

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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.

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