Alphabet Inc (NASDAQ:GOOGL) – Investment analysts at Piper Jaffray Companies issued their Q1 2021 earnings per share estimates for shares of Alphabet in a research note issued on Tuesday, December 3rd, according to Zacks Investment Research. Piper Jaffray Companies analyst M. Olson expects that the information services provider will earn $13.82 per share for the quarter. Piper Jaffray Companies currently has a “Overweight” rating and a $1,500.00 target price on the stock. Piper Jaffray Companies also issued estimates for Alphabet’s Q2 2021 earnings at $15.71 EPS, Q3 2021 earnings at $16.02 EPS and FY2021 earnings at $62.59 EPS.
Alphabet (NASDAQ:GOOGL) last posted its earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.42 by ($2.30). Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The firm had revenue of $33.01 billion for the quarter, compared to analyst estimates of $32.84 billion. During the same period in the previous year, the firm earned $13.06 earnings per share.
Other equities analysts have also issued research reports about the stock. Pivotal Research reiterated a “hold” rating and issued a $1,445.00 target price on shares of Alphabet in a research report on Tuesday, October 29th. Stifel Nicolaus upgraded shares of Alphabet from a “hold” rating to a “buy” rating and boosted their price target for the stock from $1,325.00 to $1,525.00 in a research report on Thursday, December 5th. KeyCorp increased their price objective on shares of Alphabet from $1,516.00 to $1,546.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. BMO Capital Markets set a $1,245.00 price objective on shares of Alphabet and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Loop Capital upped their target price on Alphabet to $1,450.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $1,420.33.
Shares of NASDAQ:GOOGL traded down $7.83 on Thursday, hitting $1,354.64. The company’s stock had a trading volume of 1,160,594 shares, compared to its average volume of 1,298,136. The company has a market capitalization of $934.28 billion, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 1.65 and a beta of 1.02. The stock’s 50-day moving average is $1,326.23 and its two-hundred day moving average is $1,220.43. Alphabet has a 12 month low of $1,007.00 and a 12 month high of $1,364.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.75 and a current ratio of 3.78.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Essex Financial Services Inc. grew its holdings in shares of Alphabet by 4.1% during the 2nd quarter. Essex Financial Services Inc. now owns 4,106 shares of the information services provider’s stock valued at $4,446,000 after acquiring an additional 160 shares in the last quarter. Pacific Wealth Strategies Group Inc. grew its stake in Alphabet by 2.7% in the third quarter. Pacific Wealth Strategies Group Inc. now owns 3,283 shares of the information services provider’s stock valued at $4,009,000 after purchasing an additional 87 shares in the last quarter. LS Investment Advisors LLC grew its stake in Alphabet by 1.3% in the third quarter. LS Investment Advisors LLC now owns 11,835 shares of the information services provider’s stock valued at $14,452,000 after purchasing an additional 151 shares in the last quarter. Carlson Capital L P grew its stake in Alphabet by 19.2% in the second quarter. Carlson Capital L P now owns 24,425 shares of the information services provider’s stock valued at $26,447,000 after purchasing an additional 3,935 shares in the last quarter. Finally, Hemenway Trust Co LLC increased its position in Alphabet by 2.1% in the 2nd quarter. Hemenway Trust Co LLC now owns 18,121 shares of the information services provider’s stock worth $19,621,000 after purchasing an additional 378 shares during the last quarter. Hedge funds and other institutional investors own 33.55% of the company’s stock.
Alphabet Company Profile
Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.