2,015 Shares in Alphabet Inc. $GOOGL Purchased by Milestones Private Investment Advisors LLC

Milestones Private Investment Advisors LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOGL) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,015 shares of the information services provider’s stock, valued at approximately $355,000.

Several other large investors have also recently added to or reduced their stakes in GOOGL. Financial Gravity Companies Inc. acquired a new position in shares of Alphabet in the 2nd quarter worth approximately $31,000. CarsonAllaria Wealth Management Ltd. raised its position in Alphabet by 36.4% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 67 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised its position in Alphabet by 37.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock valued at $57,000 after purchasing an additional 89 shares during the last quarter. Christopher J. Hasenberg Inc boosted its stake in Alphabet by 77.6% in the second quarter. Christopher J. Hasenberg Inc now owns 348 shares of the information services provider’s stock worth $61,000 after purchasing an additional 152 shares in the last quarter. Finally, S&T Bank PA grew its holdings in shares of Alphabet by 40.2% during the second quarter. S&T Bank PA now owns 345 shares of the information services provider’s stock worth $61,000 after purchasing an additional 99 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GOOGL. Loop Capital raised Alphabet from a “hold” rating to a “buy” rating and lifted their price target for the company from $260.00 to $320.00 in a report on Tuesday, November 18th. Needham & Company LLC raised their price objective on shares of Alphabet from $260.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Moffett Nathanson boosted their target price on shares of Alphabet from $305.00 to $315.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Morgan Stanley upped their target price on shares of Alphabet from $270.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Finally, DZ Bank reissued a “buy” rating on shares of Alphabet in a report on Thursday, November 20th. Four research analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $314.22.

Alphabet Stock Down 0.3%

Shares of NASDAQ:GOOGL opened at $308.22 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market cap of $3.72 trillion, a price-to-earnings ratio of 30.40, a P/E/G ratio of 1.79 and a beta of 1.07. The company has a 50 day moving average of $284.30 and a 200-day moving average of $230.93. Alphabet Inc. has a one year low of $140.53 and a one year high of $328.83.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The business had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. On average, sell-side analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is currently 8.28%.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 954 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $317.00, for a total value of $302,418.00. Following the completion of the sale, the chief accounting officer owned 11,740 shares in the company, valued at approximately $3,721,580. This represents a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 600 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $280.06, for a total value of $168,036.00. Following the completion of the transaction, the director directly owned 4,516 shares in the company, valued at $1,264,750.96. The trade was a 11.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 222,750 shares of company stock valued at $60,496,098 in the last three months. 11.55% of the stock is currently owned by company insiders.

Alphabet Profile

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.