Milestones Administradora de Recursos Ltda. Buys 61,004 Shares of Alphabet Inc. $GOOGL

Key Points

• Milestones Administradora de Recursos increased its Alphabet stake by 51.8% in the third quarter, buying 61,004 shares for a total holding of 178,688 shares valued at approximately $61.5 million.
• Alphabet is attracting broad institutional support, with major investors including State Street, Amundi, Mitsubishi UFJ, Swiss National Bank, and Arrowstreet increasing their positions; institutions collectively own 40.03% of the stock.
• Analysts remain broadly bullish, with a consensus “Buy” rating and a $425.04 price target, but investors are monitoring AI infrastructure spending, margins, free cash flow, and upcoming earnings volatility.

Milestones Administradora de Recursos Ltda. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 51.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 178,688 shares of the information services provider's stock after purchasing an additional 61,004 shares during the period. Alphabet makes up 11.0% of Milestones Administradora de Recursos Ltda.'s investment portfolio, making the stock its 3rd biggest holding. Milestones Administradora de Recursos Ltda.'s holdings in Alphabet were worth $61,483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in GOOGL. State Street Corp boosted its holdings in Alphabet by 5.6% in the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock worth $85,403,303,000 after acquiring an additional 12,718,127 shares in the last quarter. Amundi grew its stake in Alphabet by 4.6% in the second quarter. Amundi now owns 33,203,350 shares of the information services provider's stock valued at $11,865,809,000 after acquiring an additional 1,457,371 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Alphabet by 10.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider's stock valued at $6,334,186,000 after acquiring an additional 1,631,721 shares during the period. Swiss National Bank increased its holdings in shares of Alphabet by 7.1% during the first quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider's stock valued at $4,911,467,000 after acquiring an additional 1,139,400 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Alphabet by 90.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider's stock valued at $4,900,078,000 after acquiring an additional 8,112,680 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $316.80 on Tuesday. The company has a market capitalization of $3.87 trillion, a PE ratio of 15.91, a PEG ratio of 0.92 and a beta of 1.21. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The stock's 50 day moving average price is $342.94 and its 200-day moving average price is $340.66. Alphabet Inc. has a twelve month low of $264.28 and a twelve month high of $408.61.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Anthropic’s IPO filing disclosed approximately $114.5 billion in non-cancelable cloud commitments with Alphabet. The agreements could provide significant long-term revenue visibility for Google Cloud, although investors will focus on whether the business can convert that demand into higher margins and free cash flow. Anthropic's IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
• Positive Sentiment: Google Cloud reportedly grew sharply and its backlog reached about $514 billion, while the Gemini app expanded to roughly 950 million monthly users. These figures support the view that cloud and AI could become increasingly important growth engines alongside Search. Alphabet Has $514 Billion in Cloud Orders
• Neutral Sentiment: Options traders expect a sizable move following the October 28 earnings report. The key issues will be Search growth, Google Cloud margins, AI monetization, capital-expenditure guidance, and free cash flow. Alphabet has historically had mixed next-day earnings reactions. Here's How Much Traders See Google Parent Alphabet's Stock Moving After Earnings
• Negative Sentiment: Investors remain wary that heavy AI infrastructure spending could pressure margins and free cash flow, as happened after the prior quarterly report. An analyst also reduced the price target ahead of earnings, adding to caution. Alphabet Stock Slips After Citizens Cuts Price Target
• Negative Sentiment: Several law firms publicized securities class actions alleging Alphabet misled investors during the May 19–July 16 period. The filings are largely investor-solicitation notices rather than new operating developments, but they add reputational and potential financial risk. Alphabet Securities Fraud Class Action Deadline

Insider Activity

In related news, Director Frances Arnold sold 83 shares of the firm's stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the sale, the director owned 19,076 shares in the company, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 696 shares of company stock valued at $232,894. 11.61% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Alphabet from $420.00 to $425.00 and gave the stock an "overweight" rating in a research report on Thursday, October 15th. DZ Bank raised shares of Alphabet to a "strong-buy" rating in a research report on Thursday, July 23rd. KeyCorp reduced their price target on shares of Alphabet from $435.00 to $410.00 and set an "overweight" rating for the company in a research report on Monday, October 19th. Wells Fargo & Company restated an "overweight" rating and set a $417.00 price objective (up from $411.00) on shares of Alphabet in a report on Tuesday, October 6th. Finally, Benchmark reaffirmed a "buy" rating on shares of Alphabet in a research note on Thursday, October 1st. Five equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $425.04.

Alphabet Company Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.

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