Milestone Asset Management Group LLC Makes New Investment in Alphabet Inc. (NASDAQ:GOOG)

Milestone Asset Management Group LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,262 shares of the information services provider's stock, valued at approximately $812,000.

A number of other large investors have also added to or reduced their stakes in GOOG. ARQ Wealth Advisors LLC increased its holdings in shares of Alphabet by 39.3% during the fourth quarter. ARQ Wealth Advisors LLC now owns 4,964 shares of the information services provider's stock valued at $945,000 after acquiring an additional 1,400 shares in the last quarter. GPS Wealth Strategies Group LLC increased its holdings in shares of Alphabet by 6.8% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider's stock valued at $3,094,000 after acquiring an additional 1,041 shares in the last quarter. Harvest Investment Services LLC increased its holdings in shares of Alphabet by 3.3% during the fourth quarter. Harvest Investment Services LLC now owns 4,329 shares of the information services provider's stock valued at $824,000 after acquiring an additional 138 shares in the last quarter. North Forty Two & Co. acquired a new position in shares of Alphabet during the fourth quarter valued at about $281,000. Finally, SageView Advisory Group LLC increased its holdings in shares of Alphabet by 140.6% during the fourth quarter. SageView Advisory Group LLC now owns 14,734 shares of the information services provider's stock valued at $2,806,000 after acquiring an additional 8,610 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 200 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the transaction, the director now directly owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. This represents a 2.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 673 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the completion of the transaction, the chief accounting officer now directly owns 15,303 shares of the company's stock, valued at approximately $2,377,014.99. This represents a 4.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 164,533 shares of company stock valued at $26,772,774 in the last three months. 12.99% of the stock is currently owned by company insiders.

Alphabet Stock Performance

Alphabet stock traded down $2.09 during mid-day trading on Friday, hitting $170.87. The company had a trading volume of 36,230,934 shares, compared to its average volume of 20,270,754. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 1.34 and a beta of 1.01. The company's fifty day moving average is $160.88 and its 200-day moving average is $176.30. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. The business had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The business's quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.89 EPS. Equities research analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.49%. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. Alphabet's dividend payout ratio is presently 9.36%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Benchmark restated a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. Tigress Financial restated a "strong-buy" rating on shares of Alphabet in a report on Friday, May 2nd. Cantor Fitzgerald reiterated a "neutral" rating and issued a $171.00 target price on shares of Alphabet in a research report on Friday, April 25th. Westpark Capital reiterated a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research report on Friday, April 25th. Finally, Citigroup reiterated a "sell" rating on shares of Alphabet in a research report on Wednesday, April 23rd. Three analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $203.94.

Alphabet Company 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.