Mason & Associates Inc raised its position in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 12.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,915 shares of the information services provider’s stock after buying an additional 560 shares during the period. Mason & Associates Inc’s holdings in Alphabet were worth $436,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GOOG. OLD Second National Bank of Aurora lifted its position in shares of Alphabet by 1,900.0% during the third quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock worth $25,000 after purchasing an additional 247 shares during the last quarter. Westchester Capital Management Inc. lifted its position in shares of Alphabet by 1,900.0% during the third quarter. Westchester Capital Management Inc. now owns 260 shares of the information services provider’s stock worth $25,000 after purchasing an additional 247 shares during the last quarter. Carolina Wealth Advisors LLC lifted its position in shares of Alphabet by 1,900.0% during the third quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock worth $29,000 after purchasing an additional 285 shares during the last quarter. Saban Cheryl lifted its position in shares of Alphabet by 1,900.0% during the third quarter. Saban Cheryl now owns 200 shares of the information services provider’s stock worth $29,000 after purchasing an additional 190 shares during the last quarter. Finally, Gould Capital LLC lifted its holdings in Alphabet by 2,150.0% in the third quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock worth $30,000 after acquiring an additional 301 shares during the last quarter. 28.69% of the stock is owned by hedge funds and other institutional investors.
Alphabet Price Performance
NASDAQ GOOG opened at $104.22 on Thursday. Alphabet Inc. has a 12 month low of $83.45 and a 12 month high of $144.16. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.38 and a quick ratio of 2.34. The firm has a market capitalization of $1.33 trillion, a PE ratio of 22.90, a P/E/G ratio of 1.41 and a beta of 1.09. The company’s 50 day simple moving average is $96.53 and its 200 day simple moving average is $96.61.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on GOOG shares. Raymond James raised their target price on shares of Alphabet from $116.00 to $119.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Roth Capital restated a “buy” rating on shares of Alphabet in a research note on Friday, February 3rd. Bank of America raised their price target on shares of Alphabet from $116.00 to $119.00 and gave the company a “buy” rating in a research note on Tuesday, January 31st. Jefferies Financial Group set a $125.00 price target on shares of Alphabet in a research note on Friday, February 3rd. Finally, Sanford C. Bernstein set a $130.00 price target on shares of Alphabet in a research note on Monday, February 6th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $135.11.
Insiders Place Their Bets
In other Alphabet news, Director Kavitark Ram Shriram sold 37,500 shares of Alphabet stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $100.00, for a total value of $3,750,000.00. Following the transaction, the director now owns 144,740 shares in the company, valued at $14,474,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Alphabet news, Director Kavitark Ram Shriram sold 37,500 shares of Alphabet stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $100.00, for a total value of $3,750,000.00. Following the transaction, the director now owns 144,740 shares in the company, valued at $14,474,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ann Mather sold 380 shares of Alphabet stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $89.24, for a total transaction of $33,911.20. Following the completion of the transaction, the director now owns 11,300 shares in the company, valued at approximately $1,008,412. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,245 shares of company stock worth $7,174,078. 12.99% of the stock is owned by insiders.
Alphabet Profile
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.
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