Mason & Associates Inc trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,435 shares of the information services provider’s stock after selling 160 shares during the quarter. Mason & Associates Inc’s holdings in Alphabet were worth $480,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Willow Creek Wealth Management Inc. lifted its holdings in Alphabet by 1,926.9% in the third quarter. Willow Creek Wealth Management Inc. now owns 18,546 shares of the information services provider’s stock valued at $1,774,000 after buying an additional 17,631 shares during the period. Louisiana State Employees Retirement System acquired a new position in Alphabet in the third quarter valued at approximately $55,305,000. Griffin Asset Management Inc. lifted its holdings in Alphabet by 1,900.0% in the third quarter. Griffin Asset Management Inc. now owns 52,240 shares of the information services provider’s stock valued at $4,997,000 after buying an additional 49,628 shares during the period. Bridgewater Advisors Inc. lifted its holdings in Alphabet by 3,005.0% in the third quarter. Bridgewater Advisors Inc. now owns 67,503 shares of the information services provider’s stock valued at $6,457,000 after buying an additional 65,329 shares during the period. Finally, Adell Harriman & Carpenter Inc. lifted its holdings in Alphabet by 1,915.2% in the third quarter. Adell Harriman & Carpenter Inc. now owns 129,797 shares of the information services provider’s stock valued at $12,415,000 after buying an additional 123,356 shares during the period. 34.06% of the stock is owned by institutional investors.
Insider Activity
In other news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the company’s stock in a transaction dated Monday, March 13th. The stock was bought at an average cost of $29.29 per share, for a total transaction 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The shares were bought at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the acquisition, the insider now owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Mather sold 380 shares of Alphabet stock in a transaction that occurred on Tuesday, December 27th. The shares were sold at an average price of $89.24, for a total transaction of $33,911.20. Following the sale, the director now directly owns 11,300 shares in the company, valued at $1,008,412. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,245 shares of company stock worth $7,174,078. 11.44% of the stock is currently owned by corporate insiders.
Alphabet Stock Performance
Alphabet (NASDAQ:GOOGL – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). Alphabet had a net margin of 21.20% and a return on equity of 23.54%. The firm had revenue of $76.05 billion during the quarter, compared to the consensus estimate of $63.15 billion. During the same period last year, the business earned $1.53 EPS. As a group, equities analysts forecast that Alphabet Inc. will post 5.12 earnings per share for the current year.
Wall Street Analysts Forecast Growth
GOOGL has been the topic of several analyst reports. Evercore ISI cut their price objective on shares of Alphabet from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, December 21st. StockNews.com initiated coverage on shares of Alphabet in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $115.00 target price on shares of Alphabet in a report on Wednesday, March 8th. MKM Partners increased their target price on shares of Alphabet from $120.00 to $126.00 in a report on Friday, February 3rd. Finally, Barclays increased their target price on shares of Alphabet from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Four equities research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.83.
About Alphabet
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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