Mastrapasqua Asset Management Inc. increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,483 shares of the information services provider’s stock after acquiring an additional 1,234 shares during the period. Alphabet comprises approximately 2.1% of Mastrapasqua Asset Management Inc.’s holdings, making the stock its 9th largest holding. Mastrapasqua Asset Management Inc.’s holdings in Alphabet were worth $17,210,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Totem Point Management LLC grew its stake in shares of Alphabet by 22.0% during the first quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock valued at $8,857,000 after purchasing an additional 571 shares during the last quarter. Somerville Kurt F increased its position in Alphabet by 10.3% in the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after purchasing an additional 11 shares during the period. BCK Partners Inc. acquired a new position in Alphabet during the 1st quarter valued at about $2,564,000. Hall Capital Management Co. Inc. boosted its stake in shares of Alphabet by 53.2% in the 1st quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock valued at $402,000 after purchasing an additional 50 shares during the last quarter. Finally, Fairfield Bush & CO. raised its stake in shares of Alphabet by 6.8% during the first quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock worth $9,412,000 after buying an additional 214 shares during the last quarter. 27.17% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Alphabet
In other Alphabet news, CAO Amie Thuener O’toole sold 637 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $107.51, for a total transaction of $68,483.87. Following the transaction, the chief accounting officer now owns 25,937 shares of the company’s stock, valued at approximately $2,788,486.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Amie Thuener O’toole sold 637 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $107.51, for a total transaction of $68,483.87. Following the transaction, the chief accounting officer now directly owns 25,937 shares in the company, valued at approximately $2,788,486.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 27,290 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $12.72, for a total transaction of $347,128.80. Following the completion of the sale, the insider now owns 10,958,925 shares of the company’s stock, valued at $139,397,526. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 864,122 shares of company stock valued at $29,751,580. Insiders own 12.99% of the company’s stock.
Analyst Ratings Changes
Alphabet Stock Performance
Shares of GOOG opened at $125.06 on Tuesday. The stock has a market capitalization of $1.59 trillion, a price-to-earnings ratio of 27.85, a PEG ratio of 1.61 and a beta of 1.07. Alphabet Inc. has a 12 month low of $83.45 and a 12 month high of $129.55. The firm has a fifty day simple moving average of $122.02 and a 200 day simple moving average of $107.19. The company has a current ratio of 2.35, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05.
Alphabet (NASDAQ:GOOG – Get Free Report) last posted its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. The company had revenue of $69.79 billion during the quarter, compared to the consensus estimate of $68.80 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 EPS. Research analysts forecast that Alphabet Inc. will post 5.39 EPS for the current fiscal year.
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.
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