Mill Capital Management LLC Acquires 800 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Posted by Defense World Staff on Apr 3rd, 2023

Mill Capital Management LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,485 shares of the information services provider’s stock after acquiring an additional 800 shares during the quarter. Mill Capital Management LLC’s holdings in Alphabet were worth $6,572,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. IAG Wealth Partners LLC increased its position in Alphabet by 3,275.0% in the third quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock worth $26,000 after buying an additional 262 shares during the last quarter. Artemis Wealth Advisors LLC grew its position in shares of Alphabet by 1,900.0% in the third quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 266 shares in the last quarter. Laurel Wealth Planning LLC raised its stake in shares of Alphabet by 1,900.0% during the 3rd quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 285 shares during the period. Coston McIsaac & Partners raised its stake in shares of Alphabet by 1,900.0% during the 3rd quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 304 shares during the period. Finally, Horizons Wealth Management bought a new stake in shares of Alphabet during the 2nd quarter valued at $33,000. 34.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In other news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the firm’s stock in a transaction dated Monday, March 13th. The stock was purchased at an average price of $29.29 per share, with a total value of $12,155,350.00. Following the transaction, the insider now owns 1,709,527 shares of the company’s stock, valued at $50,072,045.83. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the transaction, the chief accounting officer now owns 25,122 shares of the company’s stock, valued at approximately $2,289,870.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the firm’s stock in a transaction dated Monday, March 13th. The stock was purchased at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the transaction, the insider now directly owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The disclosure for this purchase can be found here. In the last quarter, insiders sold 102,871 shares of company stock valued at $10,094,138. Corporate insiders own 11.44% of the company’s stock.

Alphabet Trading Up 2.8 %

NASDAQ GOOGL opened at $103.73 on Monday. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $143.79. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 2.38. The stock has a 50 day simple moving average of $97.34 and a two-hundred day simple moving average of $95.74. The stock has a market cap of $1.33 trillion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 1.39 and a beta of 1.09.

Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The information services provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.09). Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The business had revenue of $76.05 billion during the quarter, compared to analysts’ expectations of $63.15 billion. During the same quarter last year, the business posted $1.53 EPS. On average, analysts forecast that Alphabet Inc. will post 5.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. New Street Research assumed coverage on Alphabet in a research note on Wednesday, January 4th. They set a “buy” rating and a $118.00 price objective on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $130.00 price objective on shares of Alphabet in a research note on Friday, February 10th. Loop Capital boosted their price objective on Alphabet from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. StockNews.com assumed coverage on Alphabet in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Finally, KeyCorp decreased their price objective on Alphabet from $118.00 to $117.00 and set an “overweight” rating on the stock in a research note on Monday, January 30th. Four research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.39.

Alphabet Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.