Alphabet Inc (NASDAQ:GOOG) Shares Purchased by Milestone Group Inc.

Milestone Group Inc. lifted its stake in Alphabet Inc (NASDAQ:GOOG) by 26.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 339 shares of the information services provider’s stock after purchasing an additional 70 shares during the period. Milestone Group Inc.’s holdings in Alphabet were worth $366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GOOG. Nkcfo LLC purchased a new position in Alphabet during the fourth quarter valued at approximately $828,000. CAPROCK Group Inc. increased its holdings in Alphabet by 12.7% during the fourth quarter. CAPROCK Group Inc. now owns 1,378 shares of the information services provider’s stock valued at $1,427,000 after buying an additional 155 shares during the period. Private Vista LLC increased its holdings in Alphabet by 3.3% during the fourth quarter. Private Vista LLC now owns 472 shares of the information services provider’s stock valued at $489,000 after buying an additional 15 shares during the period. Ledyard National Bank increased its holdings in Alphabet by 1.3% during the fourth quarter. Ledyard National Bank now owns 5,270 shares of the information services provider’s stock valued at $5,458,000 after buying an additional 69 shares during the period. Finally, Oppenheimer & Co. Inc. increased its holdings in Alphabet by 2.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 23,627 shares of the information services provider’s stock valued at $24,468,000 after buying an additional 538 shares during the period. Hedge funds and other institutional investors own 33.98% of the company’s stock.

Several equities analysts recently issued reports on the stock. Bank of America reissued a “buy” rating and set a $1,450.00 price objective (up from $1,350.00) on shares of Alphabet in a report on Friday, July 26th. Cowen lifted their price objective on shares of Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Oppenheimer lifted their price objective on shares of Alphabet from $1,342.00 to $1,370.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Credit Suisse Group lifted their price objective on shares of Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Alphabet in a report on Tuesday, April 30th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $1,378.93.



NASDAQ GOOG traded up $5.94 on Thursday, hitting $1,170.23. The stock had a trading volume of 22,513 shares, compared to its average volume of 1,719,128. The business has a fifty day moving average of $1,155.12. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.96 and a current ratio of 3.98. Alphabet Inc has a 52-week low of $970.11 and a 52-week high of $1,289.27. The company has a market capitalization of $814.54 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 1.29 and a beta of 0.96.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $11.49 by $2.72. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The business had revenue of $38.94 billion for the quarter, compared to analyst estimates of $38.21 billion. During the same period in the previous year, the company earned $11.75 earnings per share. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, analysts predict that Alphabet Inc will post 52.1 EPS for the current fiscal year.

In other Alphabet news, Director Ann Mather sold 39 shares of Alphabet stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $1,100.00, for a total value of $42,900.00. Following the transaction, the director now directly owns 1,797 shares of the company’s stock, valued at $1,976,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Amie Thuener O’toole sold 55 shares of Alphabet stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $1,200.74, for a total transaction of $66,040.70. Following the completion of the transaction, the vice president now directly owns 388 shares in the company, valued at $465,887.12. The disclosure for this sale can be found here. Insiders sold 2,123 shares of company stock worth $2,553,758 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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