Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Milestone Resources Group Ltd

Milestone Resources Group Ltd lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,485,348 shares of the information services provider's stock after acquiring an additional 5,500 shares during the quarter. Alphabet accounts for about 9.3% of Milestone Resources Group Ltd's portfolio, making the stock its 4th largest position. Milestone Resources Group Ltd's holdings in Alphabet were worth $281,176,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Bennett Selby Investments LP grew its stake in shares of Alphabet by 4.0% in the 4th quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock valued at $256,000 after purchasing an additional 52 shares during the last quarter. Macroview Investment Management LLC increased its stake in Alphabet by 4.2% in the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock valued at $245,000 after buying an additional 52 shares during the period. Conrad Siegel Investment Advisors Inc. raised its position in Alphabet by 0.5% during the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock worth $1,864,000 after buying an additional 53 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of Alphabet by 2.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock worth $457,000 after acquiring an additional 53 shares during the period. Finally, Addison Advisors LLC boosted its holdings in shares of Alphabet by 0.7% in the fourth quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock valued at $1,425,000 after acquiring an additional 53 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities research analysts recently commented on GOOGL shares. Piper Sandler reduced their price objective on shares of Alphabet from $210.00 to $208.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Morgan Stanley dropped their price objective on Alphabet from $215.00 to $210.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Wolfe Research increased their price objective on Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Westpark Capital upgraded shares of Alphabet to a "strong-buy" rating in a research report on Tuesday. Finally, JMP Securities reiterated a "market perform" rating on shares of Alphabet in a research note on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $209.49.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the business's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the transaction, the director now owns 21,824 shares in the company, valued at $4,142,195.20. The trade was a 6.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O'toole sold 1,368 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total value of $262,040.40. Following the sale, the chief accounting officer now owns 20,681 shares of the company's stock, valued at $3,961,445.55. This represents a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 88,665 shares of company stock worth $16,198,310. Corporate insiders own 11.55% of the company's stock.

Alphabet Trading Down 0.6 %

Shares of Alphabet stock traded down $0.88 during trading hours on Wednesday, reaching $156.19. The stock had a trading volume of 15,226,381 shares, compared to its average volume of 27,338,906. The firm has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 1 year low of $147.22 and a 1 year high of $207.05. 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 firm has a 50 day simple moving average of $178.01 and a two-hundred day simple moving average of $177.09.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, equities research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. Alphabet's dividend payout ratio (DPR) is 9.94%.

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.