Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Increased by Brookstone Capital Management

Brookstone Capital Management lifted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,802 shares of the information services provider’s stock after purchasing an additional 1,727 shares during the quarter. Brookstone Capital Management’s holdings in Alphabet were worth $5,623,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Mark Sheptoff Financial Planning LLC boosted its stake in Alphabet by 142.9% during the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 340 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 200 shares in the last quarter. Milestone Wealth LLC lifted its holdings in shares of Alphabet by 1,900.0% in the third quarter. Milestone Wealth LLC now owns 380 shares of the information services provider’s stock valued at $37,000 after buying an additional 361 shares during the period. Bbjs Financial Advisors LLC bought a new position in Alphabet during the fourth quarter valued at about $48,000. GW&K Investment Management LLC acquired a new position in Alphabet during the first quarter worth about $50,000. Finally, Schubert & Co raised its position in Alphabet by 54.7% in the first quarter. Schubert & Co now owns 498 shares of the information services provider’s stock worth $52,000 after acquiring an additional 176 shares in the last quarter. 27.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of Alphabet stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $120.31, for a total value of $1,934,945.73. Following the completion of the sale, the senior vice president now directly owns 127,028 shares in the company, valued at $15,282,738.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $137.30, for a total value of $27,460.00. Following the transaction, the director now directly owns 7,584 shares of the company’s stock, valued at approximately $1,041,283.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Prabhakar Raghavan sold 16,083 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $120.31, for a total value of $1,934,945.73. Following the sale, the senior vice president now directly owns 127,028 shares of the company’s stock, valued at approximately $15,282,738.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,092 shares of company stock worth $12,221,941. Insiders own 12.99% of the company’s stock.

Alphabet Trading Up 0.5 %

Alphabet stock opened at $138.96 on Tuesday. Alphabet Inc. has a 12 month low of $83.45 and a 12 month high of $139.93. The company has a quick ratio of 2.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.75 trillion, a P/E ratio of 29.44, a P/E/G ratio of 1.60 and a beta of 1.06. The company’s fifty day simple moving average is $130.22 and its 200-day simple moving average is $118.50.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, July 25th. The information services provider reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.12. Alphabet had a return on equity of 23.49% and a net margin of 21.05%. The firm had revenue of $74.60 billion for the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Alphabet Inc. will post 5.68 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GOOG shares. Susquehanna raised their price objective on shares of Alphabet from $120.00 to $150.00 in a research report on Wednesday, July 26th. Oppenheimer raised their price objective on Alphabet from $145.00 to $160.00 in a research note on Wednesday, July 26th. Robert W. Baird boosted their target price on Alphabet from $123.00 to $140.00 in a research report on Wednesday, July 26th. Finally, Wedbush began coverage on Alphabet in a research report on Monday, August 21st. They issued an “outperform” rating for the company. Thirteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $130.94.

Alphabet 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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.