Alphabet Inc. (NASDAQ:GOOG – Free Report) – Equities researchers at Erste Group Bank boosted their FY2027 earnings per share (EPS) estimates for Alphabet in a report issued on Monday, July 27th. Erste Group Bank analyst H. Engel now forecasts that the information services provider will post earnings per share of $14.74 for the year, up from their previous forecast of $14.51. The consensus estimate for Alphabet’s current full-year earnings is $19.79 per share.
Alphabet (NASDAQ:GOOG – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $116.53 billion. During the same quarter last year, the firm posted $2.31 EPS. The business’s quarterly revenue was up 24.2% compared to the same quarter last year.
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Alphabet Stock Up 1.8%
Shares of Alphabet stock opened at $332.60 on Wednesday. The company has a market cap of $4.03 trillion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 0.95 and a beta of 1.23. The company’s 50 day moving average is $358.25 and its 200 day moving average is $337.68. Alphabet has a twelve month low of $188.70 and a twelve month high of $404.47. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16.
Alphabet Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s dividend payout ratio is currently 4.42%.
Insider Buying and Selling
In other news, CAO Marsida Saraci sold 449 shares of the stock in a transaction on Friday, June 26th. The shares were sold at an average price of $341.72, for a total value of $153,432.28. Following the completion of the sale, the chief accounting officer directly owned 27,348 shares of the company’s stock, valued at $9,345,358.56. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 8,998 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the sale, the insider owned 75,290 shares in the company, valued at $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 285,049 shares of company stock worth $10,051,351 in the last ninety days. Corporate insiders own 12.99% of the company’s stock.
Institutional Investors Weigh In On Alphabet
A number of institutional investors have recently bought and sold shares of GOOG. Imprint Wealth LLC bought a new position in shares of Alphabet in the third quarter worth about $31,000. Nvest Wealth Strategies Inc. bought a new stake in Alphabet during the 4th quarter valued at approximately $38,000. Lifetime Wealth Management P.C. purchased a new position in Alphabet in the 4th quarter worth approximately $38,000. Bard Associates Inc. purchased a new position in Alphabet in the 4th quarter worth approximately $41,000. Finally, Towne Trust Company N.A boosted its stake in Alphabet by 34.0% in the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after purchasing an additional 34 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.
Key Stories Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Fundamentals remain strong. Alphabet reported 24.2% year-over-year revenue growth to $119.8 billion, while Google Cloud revenue surged 82% and its backlog reached approximately $514 billion. Search and YouTube also continued to grow, supporting the long-term AI monetization story. Alphabet earnings and stock analysis
- Positive Sentiment: Wall Street remains broadly constructive. Alphabet maintains a consensus “Buy” rating, with several firms retaining targets well above the current trading level. Phillip Securities upgraded the stock to “strong buy,” while Erste Group raised its FY2027 EPS estimate to $14.74. Asset Management One also added roughly 117,000 GOOGL shares in its latest disclosed portfolio update.
- Positive Sentiment: YouTube gained additional distribution potential. A multiyear agreement will bring Peacock programming, including sports and entertainment content, to YouTube Premium subscribers in the United States, potentially improving engagement and subscription value. YouTube Peacock agreement
- Neutral Sentiment: Analyst estimates are mixed. KeyCorp raised its FY2026 EPS forecast sharply to $20.48 from $14.41 and lifted its FY2028 estimate modestly, but reduced estimates for third-quarter 2026, fourth-quarter 2026 and FY2027 earnings. This signals confidence in the broader outlook but some caution about near-term results.
- Neutral Sentiment: Insider and institutional activity is conflicting. Major shareholder 2019 GP L.L.C. GV reported several sales, while Provident Trust reduced its GOOG and GOOGL positions by about 21%. These moves may weigh on sentiment, although other institutions continue to add shares.
- Negative Sentiment: AI capital spending is the main pressure point. Alphabet raised its 2026 capital-expenditure outlook to approximately $195 billion–$205 billion. Quarterly capital spending reached $44.9 billion and free cash flow turned negative, prompting investors to question whether AI infrastructure returns will justify the investment.
- Negative Sentiment: European litigation risk is increasing. Following a $1 billion Digital Markets Act fine, rivals could pursue as much as $10 billion in private damages claims related to Google’s business practices. Google European damages litigation
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.
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