Milestone Asset Management LLC Increases Stock Holdings in Alphabet Inc. $GOOG

Key Points

• Milestone Asset Management increased its Alphabet stake by 879% in Q4, buying an additional 17,440 shares to hold 19,424 shares worth $6.095 million (1.1% of its portfolio, the firm’s 21st largest position).
• Alphabet reported a blockbuster Q1 (EPS $5.11 vs $2.68 consensus, $109.9B revenue) with Google Cloud up ~63%, prompting multiple analyst price‑target increases and a consensus Buy rating (avg. target $362.73).
• Offsetting positives, company insiders sold a total of 191,986 shares (~$59.16M) over the past three months, and management flagged very large AI capex (~$185–190B for 2026, rising in 2027) that could pressure free cash flow.

Milestone Asset Management LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 879.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,424 shares of the information services provider's stock after purchasing an additional 17,440 shares during the period. Alphabet accounts for 1.1% of Milestone Asset Management LLC's investment portfolio, making the stock its 21st biggest position. Milestone Asset Management LLC's holdings in Alphabet were worth $6,095,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Imprint Wealth LLC purchased a new stake in Alphabet during the third quarter valued at about $31,000. Manning & Napier Advisors LLC purchased a new stake in Alphabet during the third quarter valued at about $32,000. Tripletail Wealth Management LLC purchased a new stake in Alphabet during the third quarter valued at about $40,000. Towne Trust Company N.A grew its position in Alphabet by 34.0% during the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock valued at $42,000 after acquiring an additional 34 shares during the period. Finally, Lynch Asset Management Inc. purchased a new stake in Alphabet during the third quarter valued at about $61,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Analyst Ratings Changes

GOOG has been the subject of a number of research reports. BMO Capital Markets reissued an "outperform" rating and set a $400.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research report on Monday, April 20th. Jefferies Financial Group reissued a "buy" rating and set a $365.00 price target on shares of Alphabet in a research report on Monday, January 5th. Royal Bank Of Canada reissued an "outperform" rating and set a $375.00 price target on shares of Alphabet in a research report on Thursday, January 15th. Finally, Pivotal Research reissued a "buy" rating and set a $470.00 price target (up from $420.00) on shares of Alphabet in a research report on Wednesday. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of "Buy" and a consensus price target of $362.73.

Insiders Place Their Bets

In related news, insider John Kent Walker sold 47,574 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the transaction, the insider owned 13,227 shares of the company's stock, valued at approximately $3,987,279.15. This represents a 78.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Amie Thuener O'toole sold 955 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total value of $284,590.00. Following the completion of the transaction, the chief accounting officer directly owned 9,918 shares of the company's stock, valued at $2,955,564. This represents a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 191,986 shares of company stock worth $59,159,207. Company insiders own 12.99% of the company's stock.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $383.22 on Friday. Alphabet Inc. has a 1-year low of $149.49 and a 1-year high of $383.39. The business has a 50-day moving average of $312.44 and a 200-day moving average of $308.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 2.01. The company has a market capitalization of $4.64 trillion, a price-to-earnings ratio of 29.23, a PEG ratio of 2.36 and a beta of 1.25.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.43. The company had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company's revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.81 earnings per share. On average, equities analysts anticipate that Alphabet Inc. will post 12.78 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be issued a $0.22 dividend. This is an increase from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is currently 6.41%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Record Q1 fundamentals — Alphabet beat estimates (EPS $5.11 vs. $2.64 consensus) and reported $109.9B revenue; Google Cloud grew ~63% to ~ $20B with a very large backlog, which underpins multi-year revenue visibility and explains the rally. Alphabet Q1 2026 Earnings Call Highlights
• Positive Sentiment: Wall Street is upgrading targets — multiple firms (JPMorgan, TD Cowen, Scotiabank, Raymond James, Piper Sandler and others) raised price targets and reiterated buys after the quarter, signaling analyst conviction that AI/cloud growth justifies higher valuation. Coverage: Recent price-target raises
• Positive Sentiment: Strategic wins and ecosystem advantages — articles argue Alphabet’s “compute” advantage (TPUs, datacenter scale, full‑stack Gemini integrations) gives it a structural edge versus rivals and supports both ad/product monetization and enterprise AI demand. Compute is destiny. Google just proved it.
• Neutral Sentiment: Government and enterprise demand — the U.S. Pentagon and other large customers have agreements with leading AI providers including Google, validating long-term cloud/AI revenue channels but timing and contract sizes vary. This supports durable demand but is not an immediate revenue kicker. Pentagon reaches agreements with leading AI companies
• Negative Sentiment: CapEx intensity and cash flow tradeoff — management signaled very large AI-related capital spending (2026 capex ~ $185–190B and “significantly higher” expected in 2027). That funds growth but will pressure free cash flow and raises execution/ROI scrutiny. Alphabet ups 2026 capex to as much as $190 billion
• Negative Sentiment: Rising cost concerns and regulatory risks — commentary highlights the growing capital and operating cost of AI (potential margin/cashflow headwinds), and regulators in Europe are probing Google’s AI/search features — both are watch‑items for investors. Google Stock Growth Collides With The Rising Cost Of AI Italy asks EU to investigate Google AI search tools

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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